This “Security Screening Market” report provides a detailed study on market and how it is impacting the industry. The report includes details of emerging trends, growth history, sales channel, manufacturers profiled in business, market share of product, application and regional scope of industry. In addition, the report also mentions opportunities that manufacturers operating in the global Security Screening market can use for expanding their business in untapped market to increase their customer base.
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Security Screening Market Covers Manufacturers:
Scope of the Report:
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Key Market Trends:
Increasing Threat from Terrorism Emphasises the Need for Security Screening at Airports
– The largest market share has been occupied by airports with 65.5% of the market share. Airport security includes perimeter security, command, control and integration, cyber security, communications, surveillance, access control, and screening. Of these, the majority of developments are expected to take place in the screening, Big Data markets and these sectors are particularly witnessing upgrades and new investments as part of the airport security market.
– Aircraft fleet is expected to increase over the years. All regions, including Asia-Pacific, North America, Europe, Latin America, Middle East, Africa, and Russia and Central Asia are expected to witness this rise.
– While air fleet size and passenger traffic are expected to rise significantly over the forecast period, it makes airports more prone to security threats, such as bombs, loots, and robberies, etc. Therefore, with the increasing passenger traffic in aircraft, airports are intensely focusing on security in the airport premises.
– Recently, the Airport Authority of India (AAI) signed a multi-million dollar deal with an international organization to provide baggage scanners, which will be installed throughout nine airports in India, including Chennai and Kolkata. Furthermore, AAI placed a contract worth USD 50 million with Smiths Detection, one of the leading vendors in the market, for hold-baggage scanners, which will be installed in nine airports across the country.
Asia-Pacific Accounts for Largest Market Share
– The largest share in the security screening market is occupied by Asia-Pacific, with China, India, and Japan being the key shareholders. China is one of the prominent markets in the Asia-Pacific region. Vendors in the country are continuously innovating their products. For instance, in January 2019, Safeway Inspection System Limited launched a new portable X-ray scanner, AT2310. This type of X-ray scanner for security inspection is used to inspect small baggage and parcels and find explosives and dangerous weapons.
– The Indian market is expected to be one of the largest aviation markets in the world by 2026, making security a mission-critical factor in enabling India’s airports to be future-ready. In February 2018, the Airports Authority of India (AAI) placed an order for multiple CTX 9800 DSiTM systems at a combined value of over USD 50 million, with Smiths Detection. The first group of machines were expected to be installed in the second half of 2018.
– Similar to airports, the railway sector in the region is planning to seal stations at least 20 minutes prior to departure, in order to complete the security check process.
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Target Audience of Security Screening Market:
- Manufacturer / Potential Investors
- Traders, Distributors, Wholesalers, Retailers, Importers and Exporters.
- Association and government bodies.
Key Reasons to Security Screening Market Report:
- Analyzing various perspectives of the Security Screening market with the help of Porter’s five forces analysis
- The End User that is expected to dominate the Security Screening market is analyzed in detail
- The regions which are expected to witness fastest growth during the forecast period are analyzed and estimated for growth of Security Screening market.
- Identify the latest developments, market shares and strategies employed by the major market players.
- Regional analysis of Security Screening market studied, during the forecast period
- The segments that are expected to dominate the Security Screening market studied.
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