Security Screening Market Growth, Demand, Share, Opportunities and Forecast 2020

1. Security Screening Market Growth, Demand, Share, Opportunities and Forecast 2020 “The global security screening market is expected to reach $9.10 Billion by 2020; at an expected compound annual growth rate (CAGR) of 9.46% from 2014 to 2020. “ The global Security Screening Market is expected to reach $9.10 Billion by 2020; at an expected compound annual growth rate (CAGR) of 9.46% from 2014 to 2020. Security screening market is considered as one of the most important sectors as it involves the individual’s security at places such as airports, railways, stadiums, public places, border checkpoints, government applications, and private sectors, among others. Security screening helps to avoid financial, economic, and human loss. There has been an increase in unethical and unlawful practices in the world and this can be controlled with the help of the security screening products such as full body X-ray scanners, explosive trace detectors, electromagnetic metal detectors, and the biometric technology. Biometrics technology is known in all the fields and is used more at airports and private sectors, such as for passports and in office premises. The important aspect of this technology is that it can be used with different measures such as face scanner, voice scanner, iris scanner, retina scanner, and fingerprint scanner. E-passports use biometrics technology; the initial E-passport was issued in Malaysia in March 1998. Since 2004, there has been a steady flow of countries joining the ranks of E-passport issuers. As of 2014, there are more than 100 countries using E-passports. This basically ensures the security and safety measures at airports and reduces use of fake passports. Recently, India announced that it will be issuing E- passports from 2015. Thus, the use of biometrics is increasing with the increasing need of security screening. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=264685413 Security screening market is growing well at airports, public places, and private sectors as compared to the other major application areas. The increasing number of airports is increasing the need for security screening.

2. In terms of the number of airports , the U.S. stands first, accounting for ~32% of the total airports in the world; followed by Brazil, Mexico, and Canada with ~10%, ~4%, and ~4% respectively. The security screening is done more at airports as compared to the other application areas of this market; thus, there is a huge scope for this market to grow in the aviation segment. There is a growing need for security screening in the public and private segments. Ensuring people’s safety at public places such as malls, hotels, casinos, hospitals, and banks is of utmost importance, so as to avoid terrorism and unlawful activities. The security screening market is expected to witness more demand in the APAC region followed by North America as compared to the Europe and the Rest of the world, in the coming years. APAC is expected to grow ata CAGR of 10.14%, followed by North America, with a CAGR of 10.03% from 2014 to 2020. The total requirement of security screening is more in APAC as compared to other regions due to reasons such as the increasing number of terrorism and unlawful activities, greater number of public places and private sectors, among others. Security screening market by geography is divided on the basis of the different geographical regions; namely North America, Europe, APAC, and Row. APAC is growing at a fast CAGR; itis expected to account for 10.14% share of the overall market from 2014 to 2020). Currently, North America occupies the major share of the market for screening in terms of market size, that is, ~38% of the total market. The main reason for the higher growth of these regions as compared to the Europe and the Rest of the World can be the rise in the amount of terrorism and unethical practices in these regions. Brazil is expected to grow well due to the fact that the country is involved in major public events such as FIFA 2014 and the upcoming event – Rio 2016 Olympics; which involve huge amount of security screening of people and their belongings. In terms of the number of airports, Brazil stands second after North America, accounting for ~10% of the total airports in the world. Thus, the country can explore more in future in terms of the security screening market. Market players involved in the development of the security screening are American Science and Engineering, Inc. (U.S.), Analogic Corporation (U.S.), Argus Global Pty Ltd (Australia), Aware Incorporation (U.S.), Digital Barriers plc. (U.K.), Implant Sciences Corporation (U.S.), Magal Security Systems Ltd (Israel), OSI Systems, Incorporation (U.S.), Safran SA (France), and Smiths Group plc. (U.K.).

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