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X-Ray Security Screening System Market share of over 17.5% occupied by commercial sector in 2015

For More Information @ https://goo.gl/i96Klb <br>Rising security concerns related to consecutive threat and activities such as illegal arms shipping and drug trafficking is a major factor driving the X-Ray Security Screening System Market size. Compliance with security measures and government regulations to improve the security infrastructure would further attribute to increasing industry demand.<br>

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X-Ray Security Screening System Market share of over 17.5% occupied by commercial sector in 2015

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  1. Global X-Ray Security Screening System Market share to reach $3.4bn by 2023: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024

  2. Industry Overview • X-Ray Security Screening System Market size was $2.16 billion for 2015 and is predicted to be evaluated at $3.43 billion by 2023 registering a CAGR of 5.71% during forecast timeframe. Growing application demand and existing installation updates are predicted to propel overall industry revenue. • Growth across civil aviation segment along with rising safety measures is anticipated to increase APAC x-ray security screening system market share. Technological breakthroughs in detectors and related hardware coupled with periodic software updates are key drivers enhancing the overall product efficacy. Accurate identification is necessary to give controlled access to critical infrastructure leading to rising acceptance of the system. This trend is predicted to have positive effect on the industry growth. • Rising air travel due to increase in passenger traffic and government decision to include new system or modernize current infrastructure are the key driving factors promoting the industry trend. • However, growing use of millimeter-wave scanners depending upon low-powered radio waves can inhibit the industry growth.

  3. Application Trends • The industry is segmented into various applications like people scanning applications and product scanning applications. • Product scanning application is predicted to remain biggest segment with revenue projected to surpass $2.5 billion by end of forecast timeframe. This can be credited to growing demand across government and aviation sector for mail, baggage, cargo and parcel screening. • People scanning applications contributed to more than 28.1% of the overall revenue for 2015. But the segment can lose revenue share in future owing to radiation dose used in the device and this has boosted the demand of substitutes.

  4. End Use Trends • Demand of system in transit sector is predicted to grow at 5.89% during forecast period. The system is used to scan baggage and passengers to find illegal or hazardous goods like weapons, explosives and drugs. • Government segment is also predicted to experience moderate expansion. It contributed more than 45.1% of the industry share for 2015. Rising penetration across many core industries for developing new detection services & solutions in legal enforcement firms, customs and prisons have contributed to industry expansion.

  5. China X-Ray Security Screening System Market size, by end-use, 2012-2023 (USD Million)

  6. Browse Full Market Research Report Of X-Ray Security Screening System Market @ https://goo.gl/xHsylE Request for a Sample of this Research report @ https://www.gminsights.com/request-sample/detail/505

  7. Regional Trends • Global industry is segmented into key geographical regions like APAC, North America, Europe, Latin America and MEA. • UK and Germany have contributed to the expansion of Europe x-ray security screening market. It is predicted to cross $900 million mark by end of forecast period. Factors like enhanced demand for technologically modernized items and large proportion of early adopters have contributed to the industry growth in the region. • China x-ray security screening market is predicted to register a CAGR of 6.4% during forecast timeframe. Rising population leading to large amount of travelers is predicted to propel industry growth. Competitive Trends • Key industry players profiled in the report include OSI Systems, 3DX-Ray, Vidisco, Leidos (SAIC), Auto Clear US, American Science and Engineering, Analogic Corporation, Adani, Scanna MSC, Astrophysics, Eurologix Security, Optosecurity, Kapri, Smiths Detection, VJ Technologies Incorporation, Gilardoni, L-3 Communications, Rapiscan Systems, MinXray Incorporation, Westminster International, Todd Research, Nuctech, Totalpost, YXLON International GmbH and Morpho Detection.

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