Market Share of Asia-Pacific Security Screening Industry
Market incumbents and large players have a strong influence on the market, in terms of R&D and consolidation activities. Moreover, there is a considerable threat to large players from the new entrants with high product differentiation. Thus, they monitor the market closely and keep framing new strategies for expansion. Although certain techniques like X-rays have been in the market for a long time, newer methods (millimeter-wave) for screening have come up. While the former has high penetration in advanced applications, the latter is gaining traction. Developments dependent on technologies like AI, facial recognition, and machine learning are fulfilled by newer entrants.
- May 2020 - Leidos completed the acquisition of L3Harris Technologies' Security Detection and Automation Businesses, creating a comprehensive, global security and detection portfolio. The acquired businesses provide airport and critical infrastructure screening products, automated tray return systems, and other industrial automation products.
- April 2020 - In order to contain the COVID-19 spread, the Nutech Company Ltd. launched its non-contact human body security detector approved by China Civil Aviation Administration with an A-Class License.
APAC Security Screening Market Leaders
Smiths Detection Inc.
L-3 Security and Detection Systems Inc.
OSI Systems Inc.
3DX-Ray Ltd (Image Scan Holdings PLC)
Teledyne ICM SA
*Disclaimer: Major Players sorted in no particular order
