Asia-Pacific Security Screening Market Size

APAC Security Screening Market Analysis

The Asia-Pacific security screening market is expected to register a CAGR of 6.11% over the forecast period 2020-2025. With the rising terror attack threats at various public and critical infrastructures, security screening plays a very critical role, especially for places, such as railways, airports, border checkpoints, government organizations, and private sectors, to help reduce and mitigate the associated risk factor. Security screening enables the assurance from threats against unethical and unlawful practices and protecting financials and humans. Security screening using various technologies, such as X-ray scanners, biometric matching, and metal detectors, is becoming very popular at the security checkpoints for expediting the process.

• Furthermore, biometric identification technology was integrated into security efforts to improve the efficiency of security screening and verification, risk prevention in public areas of terminals, checking in of passengers, and fast customs pass using face recognition. This is expected to boost the market studied, over the forecast period.
• Many market players from the country are expanding their portfolios and driving major revenues. For instance, Nuctech, a Chinese firm, sold EUR 130 million of equipment and services to tax authorities, airport security services, and several other public authorities from 2014 to 2019. The company landed 58 contracts with ministries, border and customs authorities, police departments, and other government organizations in 22 of the 28 EU member countries in the past six years. Its screening and scanning equipment were installed in airports across Florence, Italy, and Luton, United Kingdom.
• Also, India is one of the major aviation markets in the world, with an impressive growth rate in passenger traffic, which is expected to triple in the next 20 years to 500 million passenger trips per annum. More than 34 new airports were inaugurated in the past two years, totaling 449 airports overall.
• Further, the effect of the COVID-19 pandemic on the economies of the countries in the region is anticipated to restrict the growth of the market studied, for a year. The COVID-19 pandemic forced lockdowns across Asia over February and March, paralyzing economic activities across the continent as factories were shut, bringing manufacturing to a halt. Factory activities also declined sharply across most of Japan, as the COVID-19 pandemic hit the economic activities across the world, with sharp falls in the import-export business in Japan and South Korea overshadowing a modest improvement in China.