X-Ray Security Screening System Market size worth USD.4 billion by 2023 - PowerPoint PPT Presentation

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X-Ray Security Screening System Market size worth USD.4 billion by 2023

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X-Ray Security Screening System Market Size By Application By End-Use Industry Analysis Report, Regional Outlook Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023 – PowerPoint PPT presentation

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Title: X-Ray Security Screening System Market size worth USD.4 billion by 2023


1
X-Ray Security Screening System Market size worth
USD.4 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
  • Transit industry accounted for over 35 of the
    x-ray security screening system market share in
    2015 it is forecast to witness robust growth in
    the coming years. Passengers are subjected to
    comprehensive checks at railway stations and
    airports in light of increased security risk.
  • Demand across people screening was valued at
    over USD 600 million in 2015, with 5.5 CAGR
    estimations during the forecast timeline. Risks
    associated with exposure to x-ray radiations have
    resulted in lower growth expectations as compared
    to the global average.   Product screening growth
    can be credited to growing adoption across the
    aviation sector to screen baggage or cargo.
  •  Asia Pacific x-ray security screening system
    market size is set to witness high growth. This
    can be primarily attributed to increasing demand
    across the Chinese civil aviation and railway
    sectors.  

3
Continued...
  • The U.S. accounted for more than 80 of the North
    American industry in 2015. Homeland Security has
    invested in the U.S. border and custom security,
    which is estimated to favorably impact the
    industry demand over the next few years.
  • The global industry is moderately consolidated in
    nature with a few key players accounting for more
    than 55 of the overall industry share in 2015.
    Major industry players include OSI Systems
    (Rapiscan), Smiths Detection, American Science
    and Engineering, Analogic Corporation and Morpho
    Detection. Competitors focus on RD investments
    and innovation as a part of their growth
    strategy.  

4
U.S. x-ray security screening market size, by
application, 2012-2023 (USD Million)

5

Browse Full Market Research Report On X-Ray
Security Screening System Market _at_
https//www.gminsights.com/industry-analysis/x-ray
-security-screening-system-market Request for
a Sample of this Research report _at_
https//www.gminsights.com/request-sample/detail/5
05
6
360 Analysis
  • Application Analysis
  • X-ray security screening system market share for
    product scanning is forecast to remain the
    largest and most attractive segment, with revenue
    set to cross USD 2.4 billion by 2023. This may be
    attributed to increasing demand across the
    aviation as well as government sector for
    baggage, cargo, mail or parcel screening
    applications.
  • Regional Analysis
  • Germany and the UK are responsible for Europe
    x-ray security screening market growth. The
    region in forecast to surpass USD 900 million by
    2023, with CAGR projected to outpace the global
    average over the forecast timeframe. Regional
    growth opportunities include increased demand for
    technologically advanced products as well as
    considerable number of early adopters.  
  • Competitive Market Share
  • Major companies accounting for x-ray security
    screening market share are Smiths Detection, OSI
    Systems, Morpho Detection, Analogic Corporation,
    etc. Mergers and acquisitions along with vertical
    integration are the major strategic initiatives
    undertaken by industry leaders.


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