Home > Pressrelease > X-Ray Security Screening System Market size to surpass $6 Bn by 2032

X-Ray Security Screening System Market size to surpass $6 Bn by 2032

  • Published Date: January 31, 2023

X-Ray Security Screening System Market size is projected to surpass USD 6 billion by 2032, according to a recent research report announced by Global Market Insights Inc.
 

Rising incidents of theft, robbery, extortion, unauthorized entries, kidnapping, and terrorist attacks have accelerated the need for high-performance x-ray scanners in public infrastructures. Technological advancements in computed tomography have transformed the X-ray scanning output from grainy monochrome pictures to highly detailed, rotatable color imagery. The technology is experiencing a surge in adoption across commercial infrastructures such as airports, enabling security operators to accurately inspect baggage from every angle. CT images in combination with automated object recognition software and novel explosives detection algorithms are further enhancing inspection capabilities to assist in accurate decision-making.
 

Automation of airport security to boost innovation in X-ray screening services

In terms of revenue, the demand for X-ray security screening system services is estimated to reach over USD 2 billion by 2032. High complexity associated with system hardware and growing demand for user-friendly solutions will proliferate the need for X-ray screening services. With the increasing integration of technologies such as machine learning and AI, industry players are introducing novel products enabling remote technical support. Modern-day aviation relies heavily on AI for a broad spectrum of critical applications including facial recognition at borders and automated self-service check-in. Furthermore, extensive number of R&D activities in computer-aided security screening and deep learning models will have a positive impact on the industry outlook.
 

Rise in terrorist activities to propel deployment of product screening systems at public places

X-ray security screening system market size from the product screening segment is expected to record over 4% CAGR between 2023-2032. A surge in government-led initiatives focusing on public safety and mitigating the risk of terrorist attacks and associated social and economic losses is accelerating the adoption of product screening technologies. These systems are primarily used to detect toxic materials, narcotics, contraband, explosives, and illegal weapons and protect the public from potential threats. Increasing political tensions and the growing threat from terrorist organizations are compelling governments worldwide to strengthen public security.
 

Browse key industry insights spread across 290 pages with 307 market data tables and 24 figures & charts from the report “X-Ray Security Screening System Market Size By Component (Solution, Service), By Type (Product Screening, People Screening), By Application (Government, Commercial, Transportation [Airways, Railways, Roadways]) COVID-19 Impact Analysis, Growth Potential, Regional Outlook, Competitive Market Share & Forecast, 2023 – 2032”. in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/x-ray-security-screening-system-market-report
 

Sports infrastructure initiatives to accelerate the demand for advanced security systems

Commercial applications accounted for a more than 10% share of the X-ray security screening systems market in 2022. In recent years, public infrastructure security models have transformed significantly to ensure public safety in sports venues, large amusement parks, malls, and other crowded places. Government organizations are empowering construction sectors with favorable schemes catering to large-scale infrastructure projects.
 

Favorable government spending to foster demand for X-ray screening systems in North America

North America X-ray security screening system market size was worth more than USD 1 billion in 2022. Rising government focus on reinforcing and providing robust security in public places will pave the way for product demand across North America. Additionally, government bodies are also encouraging the deployment of security systems in compliance with stringent safety regulations in order to limit the side effects of these technologies.
 

Strategic alliances to boost X-ray security screening system industry development

3DX-Ray (Image Scan Holdings Plc), Analogic Corporation, OSI Systems, Inc., Astrophysics Inc., Eurologix Security Holding Group, Gilardoni S.p.A., Leidos Holdings, Inc., Scanna MSC Ltd., Smiths Detection Group Ltd (SMITHS GROUP PLC), Tsinghua Tongfang Co., Ltd. (Nuctech), Vanderlande Industries B.V., VJ Group, Inc., Westminster International Ltd., YXLON International GmbH (COMET Group) are some of the leading companies in the global X-ray security screening system industry.
 

Authors: Preeti Wadhwani, Smriti Loomba

Explore More on Related Topics: