Market Research Report
Growth Opportunities in the Global Security Detection System Market
|Published by||Lucintel||Product code||572649|
|Published||Content info||208 Pages, 90 Figures /Charts and 62 Tables
Delivery time: 1-2 business days
|Growth Opportunities in the Global Security Detection System Market|
|Published: October 31, 2017||Content info: 208 Pages, 90 Figures /Charts and 62 Tables||
The future of the security detection system market looks attractive with opportunities in the airport, shipping port, border, military, and critical infrastructure industries. The global security detection system market is expected to reach an estimated $5.3 billion by 2022 and is forecast to grow at a CAGR of 7.3% from 2017 to 2022. The major growth drivers for this market are a continuing high threat level from terrorism, criminal activity, increasing air passenger traffic, new airport construction, and stringency in enforcing government security mandates.
Emerging trends, which have a direct impact on the dynamics of the security detection system industry, include advancement in metal detector technology for superior performance, and development of advanced full body scanners.
A total of 90 figures / charts and 62 tables are provided in this 208-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of this security detection system market report, download the report brochure.
The study includes the security detection system market size and forecast for the global security detection system market through 2022 by product type, end use industry, application, and region as follows:
Security detection system companies profiled in this market include Smiths Group Plc, Nuctech Company Limited, OSI Systems Inc. (Rapiscan), Safran S.A. (Morpho), and L3 Security & Detection Systems (L3 SDS) are among the major manufacturers and suppliers of security detection systems.
Lucintel forecasts that x-ray screening systems will remain the largest product type due to the increasing use of these systems in airports, shipping ports, borders, critical infrastructure for luggage inspection and people screening. The trace detection system is expected to witness the highest growth in the forecast period supported by the growing demand at airport checkpoints for luggage and passenger security considering the increase of terrorism.
Within the security detection systems market, airports are expected to remain the largest end use industry with the highest growth due to increased air traffic, and new airport construction across the globe. This growth will also be supported by government spending on security systems due to concerns about the usage of improvised explosive device (IED) and other explosive types.
North America is expected to remain the largest region over the forecast period supported by increasing security code reinforcement and increasing government spending on infrastructure.