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Security Screening Market - Growth, Trends, and Forecast (2019 - 2024)

The Global Security Screening Market is segmented by Application (People and Product), End User (Airports, Ports and Borders, Defense, Critical Infrastructure), and Geography.

Market Snapshot

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Study Period:

2018-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

CAGR:

5.1%

Key Players:

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Market Overview

The Security Screening Market was valued at USD 6.6 billion in 2018 and is expected to register a CAGR of 5.1%, during the forecast period 2019 - 2024. Airports account for a significant share of demand for security screening solutions and are expected to continue its dominance over the forecast period, owing to the robust rise in the number of airports and consequent air passenger traffic. 

  • Ongoing infrastructural developments across countries to develop new stadiums and other such infrastructures are also leading to an increased demand for novel and efficient security screening systems.
  • The security screening market has witnessed a shift toward a more technologically-advanced approach, with rising demand for enhanced security across the world.
  • The use of private security services is another trend observed in the market. For instance, airports are currently striving to achieve a balance between passenger delays, due to additional screening and increased security that private screening provides. 
     

Scope of the Report

Security systems involve an electronic, visual, or manual inspection of persons, vehicles, packages, and containers for the purpose of detecting the possession of illegal, prohibited, or other dangerous items into a secure area within a facility. These systems are used in assisting in threat recognition to safeguard people, airports and any public events against evolving threats such as terrorism, trafficking of people, arms and some others. The different types of security screening are explosive trace detectors, body X-ray scanners, biometric technology, biometric systems, electromagnetic detector and explosive trace detector. However, advanced imaging technologies which use either millimeter waves or x-rays are available such as full-body Security Scanners, advanced imaging technology and other security screening systems.

Application
People
Product
Mail and Parcel
Baggage
Cargo and Vehicle Inspection
Trace Detection
Other Applications
End User
Airports
Ports and Borders
Defense
Critical Infrastructure
Other End Users
Geography
North America
US
Canada
Europe
Germany
UK
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia-Pacific
Latin America
Middle East & Africa

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Key Market Trends

Airports to Hold Major Share

  • Airport security includes perimeter security, command, control and integration, cybersecurity, communications, surveillance, access control, and screening. Of these, the majority of developments are expected to take place in the screening, big data markets and these sectors are particularly witnessing upgrades and new investments as part of the airport security market. 
  • Aircraft fleet is expected to increase over the years. All regions including Asia-Pacific, North America, Europe, Latin America, Middle East, Africa, and Russia and Central Asia are expected to witness this rise.
  • While air fleet size and passenger traffic are expected to rise significantly over the forecast period, it makes airports more prone to security threats such as bombs, loots, and robberies, etc. Therefore, with increasing passenger traffic in aircrafts, airports are intensely focusing on security in the airport premises.
  • To deal with this, airport security authorities are implementing new screening procedures for personal electronic devices at airport security checkpoints. Moreover, with the technological encroachments, the laptop and electronic scanners have become more advanced not requiring to be taken out of bags and are increasingly being implemented.
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Asia-Pacific to Witness Highest Growth

  • Asia-Pacific is anticipated to witness the highest market share, as well as growth as the vendors in the region, are continuously innovating their products. For instance, in January 2019, Safeway Inspection System Limited launched a new portable x-ray scanner AT2310.
  • This type of x-ray scanner is for security inspection used to inspect small baggage and parcels and find explosives and dangerous weapons. Moreover, various government bodies in the region have launched regulations mandating the usage of x-ray security screening systems for the protection of human life and financial property.
  • For instance, the Chinese government has mandated the provision of digital flat panel detector (FPD) x-ray systems in the Tier-2 rural hospitals. This has contributed to the market’s growth positively.
     
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Competitive Landscape

The security screening market is moderately competitive and has gained a competitive edge in the past two decades. The companies in the market are pursuing new technologies such as the development of web-based applications that support higher operational availability of our equipment, reduction in the size of equipment to promote flexibility and mobility.

  • January 2019 - OSI Systems received an order valued at approximately USD 5 million to provide patient monitoring solutions to a U.S. hospital. The Company’s patient monitoring solutions are expected to be implemented in the hospital’s intensive care units (ICUs), including its adult, pediatric and neonatal ICUs, and emergency room operations.
  • November 2018 - Smiths Detection and its local distributor, Eastronics, have been selected by the Israel Airport Authority (IAA) to supply 32 advanced checkpoint lanes for Ben Gurion Airport and the new Ramon International Airport, which is due to open in 2019.
  •  

Major Players

  1. Smiths Detection Inc.
  2. L3 Security & Detection Systems Inc.
  3. OSI Systems Inc.
  4. 3DX-RAY Ltd
  5. Analogic Corporation

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

      1. 4.3.1 Evolution of Biometrics Technology

      2. 4.3.2 Automation of Screening Processes

    4. 4.4 Market Restraints

      1. 4.4.1 Slower Rate of Penetration of Advanced Systems in Developing Regions

    5. 4.5 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 People

      2. 5.1.2 Product

        1. 5.1.2.1 Mail and Parcel

        2. 5.1.2.2 Baggage

        3. 5.1.2.3 Cargo and Vehicle Inspection

        4. 5.1.2.4 Trace Detection

        5. 5.1.2.5 Other Applications

    2. 5.2 End User

      1. 5.2.1 Airports

      2. 5.2.2 Ports and Borders

      3. 5.2.3 Defense

      4. 5.2.4 Critical Infrastructure

      5. 5.2.5 Other End Users

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 US

        2. 5.3.1.2 Canada

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 UK

        3. 5.3.2.3 France

        4. 5.3.2.4 Rest of Europe

      3. 5.3.3 Asia Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Rest of Asia-Pacific

      4. 5.3.4 Latin America

      5. 5.3.5 Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Smiths Detection Inc.

      2. 6.1.2 L-3 Communications Security and Detection Systems Inc.

      3. 6.1.3 OSI Systems Inc.

      4. 6.1.4 3DX-Ray Ltd

      5. 6.1.5 Teledyne ICm

      6. 6.1.6 Analogic Corporation

      7. 6.1.7 Nuctech Company Limited

      8. 6.1.8 Astrophysics Inc.

      9. 6.1.9 CEIA SpA

      10. 6.1.10 Gilardoni SpA

    2. *List Not Exhaustive
  7. 7. INVESTMENT ANALYSIS

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

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