X-Ray Security Screening System Market in Product screening grow at 5.8% CAGR from 2016 to 2023

1
X-Ray Security Screening System Market share to
hit USD 3 Billion by 2023 Global Market
Insights, Inc
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from X-Ray Security Screening
System Market

• Global X-Ray security screening system market
  forecast to grow with 5.7 CAGR to surpass USD 3
  billion by 2023. Rising concerns for safety at
  various places such as railways, airports, public
  places, stadiums, government applications,
  private sectors and border check lines will favor
  industry demand from 2016 to 2023.
• Expanding unlawful and dishonest practices can be
  controlled with the help of x-ray screening
  frameworks thus avoiding economic, and human
  losses. Rising threat of psychological oppression
  and unlawful practices have brought about
  persistent upgrading of security and filtering
  items.
• Commercial x-ray security screening system market
  will grow with 5.2 CAGR over the forecast
  period. Rising threat of terrorism has surged the
  need for scanning in commercial areas such as
  hotels, shopping malls and banks. The growing
  number of safety concerns on a global scale has
  compelled governments to re-evaluate their safety
  system and adapt new advanced mechanism to
  counter any future assaults. Conformity with
  safety measures and government regulations
  enacted to improve security infrastructure will
  positively impact x-ray security screening system
  market demand.

3
Continued...

• Psychological oppressor assault dangers have
  driven huge interests in the flight security
  sector. In addition, drug trafficking, unlawful
  arms and movement have raised border security
  thereby driving industry demand. The consistent
  materials and products course through fringe
  intersections and ports are being checked to
  recognize various contrabands to avoid threats.
• Technological advancements in ensuring the
  fail-safe detection with maximum scanning and
  replacement of obsolete scanning products with
  newer versions are expected to further drive the
  industry growth.
• Stringent regulations have enforced manufacturers
  to continuously focus on upgrading existing
  technologies related to security products. For
  instance, VisiConsult can inspect suspicious
  objects in contactless way by mobile battery
  operated systems.Battery operated x-ray tubes and
  digital detectors create high resolution image of
  objects. Privacy intrusion of personnel, high
  upfront costs and alternative screening methods
  such as pat-down or frisking check is expected to
  hinder x-ray security screening system market
  demand over the forecast timeframe.

4
China X-Ray Security Screening System Market
size, by end-use, 2012-2023 (USD Million)

5

Browse Full Market Research Report On X-Ray
Security Screening System Market _at_
http//bit.ly/2qGq5qu Request for a Sample of
this Research report _at_ https//www.gminsights.com/
request-sample/detail/505
6
Continued...

• People screening segment accounted for over 28
  in 2015 and is estimated to have moderate growth
  from 2016 to 2023. Monitoring borders and
  roadways to detect smuggling and intrusion will
  support the segment demand.
• Europe x-ray security screening system market
  share will have substantial growth from 2016 to
  2023. Recent terrorist attacks in countries such
  as France, Germany, UK and Belgium will support
  the industry growth. MEA x-ray security screening
  system industry share accounted for over 5 of
  the revenue in 2015 and will have considerable
  growth from 2016 to 2023. Countries in the region
  are responding to ongoing disturbances with rapid
  spending on internal and homeland security
  technologies.
• Companies operating in the x-ray security
  screening system market are Morpho Detection,
  Analogic Corporation, OSI Systems, Rapiscan,
  Adani Systems, and Smiths Detection. The industry
  is characterized by presence of several large and
  small scale vendors offering advanced features
  which are focused on expanding their product
  offerings by investing heavily in RD and
  developing advanced technologies.

7
360 Analysis

• Application Analysis
• Product screening accounts for the largest share
  of the overall X-Ray Security Screening System
  Market share and is expected to dominate the
  application segment, with 5.8 CAGR estimation
  from 2016 to 2023. Rising need across the
  aviation as well as government sector for cargo,
  baggage, parcel or mail screening applications
  will surge demand over the forecast timeline.
• Regional Analysis
• U.S. X-Ray Security Screening System Market size
  was valued at USD 580 million in 2015, with gains
  estimate at over 5.7 from 2016 to 2023 owing to
  severe security regulations and measures adopted
  by the government. Replacement of outdated
  security screening system will also help the
  region to gain industry share over the forecast
  timeframe. Asia Pacific X-Ray Security Screening
  System Market share is expected to be the fastest
  growing region over the forecast period owing to
  momentous population base that translates to
  large number of travellers.  
• Competitive Market Share
• Major companies involved in X-Ray Security
  Screening System Market share are Morpho
  Detection, OSI Systems, Analogic Corporation,
  Adani Systems, Rapiscan, Astrophysics and Smiths
  Detection. Other players are 3DX-Ray, American
  Science and Engineering (ASE), Astrophysics,
  Auto Clear US, Eurologix Security, Gilardoni,
  Kapri and L-3 Communications.

8
Stay In Touch Website www.gminsights.com Soci
al Media