Security Screening Market is Expected to Register Highest CAGR of ~7.3% During the Forecast Period 2018 - 2028 - PowerPoint PPT Presentation

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Security Screening Market is Expected to Register Highest CAGR of ~7.3% During the Forecast Period 2018 - 2028

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The approximately US$ 7.8 billion market for security screening is highly likely to approach the revenues worth US$ 10 billion in the next two years. As indicated by a newly launched research report by Future Market Insights (FMI), more than half of the total demand for security screening is being accounted by the developed regional markets. East Asia however is cited as the most lucrative market for investors in security screening systems and solutions. – PowerPoint PPT presentation

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Title: Security Screening Market is Expected to Register Highest CAGR of ~7.3% During the Forecast Period 2018 - 2028


1
Security Screening Market
  • March 2020

Report Id REP-GB-2673 Published On
April-2019 Category Electronics,
Semiconductors, and ICT
2
About Future Market Insights
Future Market Insights (FMI) is a premier
provider of syndicated research reports, custom
research reports, and consulting services. We
deliver a complete packaged solution, which
combines current market intelligence, statistical
anecdotes, technology inputs, valuable growth
insights, aerial view of the competitive
framework, and future market trends. We provide
research services at a global as well as regional
level key regions include GCC, ASEAN,
and BRIC. Our offerings cover a broad spectrum of
industries including Chemicals, Materials,
Energy, Technology, Healthcare, and Retail. We
have a global presence with delivery centers
across India specializing in providing global
research reports and country research reports.
FMI is headquartered out of London, U.K., with a
state-of-the-art delivery center located in Pune,
India. We combine our knowledge and learning from
every corner of the world to distill it to one
thing the perfect solution for our client.
Research Capabilities
Sector Coverage
  • Customized Research
  • Syndicated Research
  • Investment Research
  • Social Media Research

  • Automotive and Transportation
  • Electronics, Semiconductor, and ICT
  • Retail and Consumer Products
  • Industrial Automation and Equipment
  • Chemicals Materials
  • Food and Beverages
  • Services and Utilities
  • Energy, Mining, Oil, and Gas

Subscription Information

For detailed subscription information please
contact Hari. T (Sr. Manager - Global Business
Development) T 44 (0) 20 7692 8790 D 44
20 3287 4268 Email hari.t_at_futuremarketinsights.co
m
3
Research Methodology (1/2)
  • Systematic Research Approach

In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc.
FMI formulates a detailed discussion guide to conduct expert and industry interviews
FMI develops a list of industry players (manufacturers), distributors, retailers and industry experts
FMI conducts interviews with industry experts, industry players, distributors and retailers
Data is validated by triangulation method, wherein secondary, primary and FMI analysis contribute to the final data
Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry
FMI delivers industry insights and information in the required format (PDF)
  • Identifying key opinion leaders
  • Questionnaire design
  • In-depth interviews
  • Coverage across value chain
  • Key industry experts
  • Channel study
  • Developments
  • Market dynamics
  • Products
  • Conclusions

SOLUTION
  • Market participants
  • Key strengths
  • Product portfolio
  • Mapping as per value chain
  • Key focus segments

Primary Research
Secondary Research
Paid Publications
  • Linkedin
  • Zoominfo
  • Salesforce
  • Avention
  • Factiva
  • GBI
  • Genios
  • Meltwater
  • Company websites
  • Company annual reports
  • White papers
  • Financial reports

includes sources of databases
4
Security Screening Market Analysis
  • Security Screening Market to register high
    revenue growth at 7.3 CAGR during 2018 2028
  • VALLEY COTTAGE, N.Y.(GLOBE NEWSWIRE) -- The
    approximately US 7.8 billion market for security
    screening is highly likely to approach the
    revenues worth US 10 billion in the next two
    years. As indicated by a newly launched research
    report by Future Market Insights (FMI), more than
    half of the total demand for security screening
    is being accounted by the developed regional
    markets. East Asia however is cited as the most
    lucrative market for investors in security
    screening systems and solutions.
  • Rapid growth in the economy, necessitating
    increasing expenditure on the national and
    infrastructural security, will continue to push
    deployment of reliable and advanced technology
    enabled security screening systems. While FMIs
    analysis identifies an impressive rate of
    adoption within emerging economies, China, India,
    and Russia are more likely to be at the forefront
    of this growth, in the security screening market.
  • Airports Generate Maximum Demand for Security
    Screening, Explosive Trace Detectors Bestselling
  • Over 2/5th of the global security screening
    demand is accounted by airports, which will
    remain the dominant application area for security
    screening systems manufacturers and suppliers. As
    government buildings are highly vulnerable owing
    to the voluminous sensitive information that they
    procure, public recreation areas such as malls
    are also cited as the next sensitive area for
    implementation of effective security screening.
    Border check points are also expected to emerge
    lucrative through coming years, in the security
    screening market.

5
Security Screening Market Analysis
  • Explosive trace detectors, currently accounting
    for nearly 1/4th share of the total sales of
    security screening systems, will reportedly
    witness strong growth in demand through the
    coming years. According to the report, X-Ray
    screening systems and biometric systems are also
    highly popular among the end-use application
    areas in security screening market. The
    collective market value share of the
    aforementioned security screening systems is
    just-under 50 and the report expects
    attractiveness of the latter to surge - with
    growing adoption of fingerprint and face
    recognition technologies.
  • Smart Security Screening Trending in the Global
    Market
  • Looking at the loopholes in current security
    screening models in terms of efficiency and
    sustainability, airports have been accelerating
    the industry's shift to smart security screening
    solutions, over the recent past. A combined
    initiative of Airports Council International
    (ACI) and the International Air Transport
    Association (IATA), smart security is emerging as
    a streamlined solution for airlines, passengers,
    and their belongings. Recently, Australia's
    first-ever smart security screening checkpoint
    was unveiled at the Melbourne Airport.
  • Key Vendor Insights Global Security Screening
    Market
  • Westminster Group PLC, one of the key players
    competing in security screening market, recently
    completed the acquisition of Keyguard UK Ltd. The
    latter is a leading company in the security
    screening space, providing the blend of manned
    security and the latest technology enabled
    security screening systems. The former will now
    offer packages combining technology and guarding
    particularly to the infrastructure security
    domain.

6
Security Screening Market Analysis
  • This deal is expected to benefit both the
    business bases, in form of multiple cross-selling
    opportunities.
  • Besides Westminster, FMIs report covers detailed
    strategic profiles of some of the most prominent
    companies operating in security screening market
    landscape, including American Science and
    Engineering, Inc., Analogic Corporation, Argus
    TrueID, Aware Incorporation, Digital Barriers,
    Mangal Security Systems Ltd., OSI Systems, Inc.,
    Smiths Group plc, LAXTON GROUP, NEXT Biometric,
    Aratek, NEC Corporation, and Cognitec Systems
    GmbH.
  • Press-Release Source https//www.globenewswire.c
    om/news-release/2019/04/10/1801946/0/en/Security-S
    creening-Market-to-Grow-at-a-CAGR-of-7-3-during-20
    18-2028-Future-Market-Insights.html
  • About Future Market Insights (FMI)
  • Future Market Insights (FMI) is a leading
    provider of market intelligence and consulting
    services, serving clients in over 150 countries.
    FMI is headquartered in London, the global
    financial capital, and has delivery centers in
    the U.S. and India. FMI's latest market research
    reports and industry analysis help businesses
    navigate challenges and take critical decisions
    with confidence and clarity amidst breakneck
    competition.
  • Contact -

7
Security Screening Market Analysis
  • Mr. Abhishek Budholiya
  • 616 Corporate Way, Suite 2-9018,
  • Valley Cottage, NY 10989,
  • United States
  • T 1-347-918-3531
  • F 1-845-579-5705
  • T (UK) 44 (0) 20 7692 8790
  • For Sales Enquiries sales_at_futuremarketinsights.co
    m

8
To know more about us, please visit our website
www.futuremarketinsights.com For sales queries
or new topics email us on sales_at_futuremarketinsi
ghts.com For media queries, contact the press
office at press_at_futuremarketinsights.com For
other queries contact Hari. T (Sr. Manager -
Global Business Development) Future Market
Insights 3rd Floor, 207 Regent Street, London
W1B 3HH T 44 20 7692 8790 D 44 20 3287
4268 Email hari.t_at_futuremarketinsights.com
Thank You
Future Market Insights Global Consulting
Private Limited (FMI)
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