Market Research Report
Security Screening Market by Type and End Use : Global Opportunity Analysis and Industry Forecast, 2020-2027
|Published by||Allied Market Research||Product code||1006033|
|Published||Content info||225 Pages
Delivery time: 2-3 business days
|Security Screening Market by Type and End Use : Global Opportunity Analysis and Industry Forecast, 2020-2027|
|Published: March 25, 2021||Content info: 225 Pages||
The global security screening market was valued at $8.35 billion in 2019, and is projected to reach $19.18 billion by 2027, registering a CAGR of 10.2% from 2020 to 2027.
Security screening devices are used for security and safety purpose such as metal detectors and explosive detectors. Increasing terrorism and fraudulent activities coupled with stringent government norms have led to rise in the growth of security systems. Security screening systems have significant adoption rate in the military & defense sector due to increased threat of terrorism and cross-border intrusions. Attributed to increased crime rates, security screening is anticipated to witness high adoption in the government and law enforcement end use segments.
Governments across various nations are undertaking initiatives to reduce the crime rate. Technological advancements, such as internet connectivity, have enabled real-time surveillance at remote and critical locations with enhanced accuracy. These devices systems are cost-effective and help highlight criminal activities. Increasing cross-border terrorism and smuggling have resulted in the growth in use of intrusion detection systems across the globe. These systems help verify the identity of an individual and allow people to access information.
By End Use
Limiting cuts to R&D expense: