Market Trends of X-ray Security Scanner Industry
Aviation and Transportation Segment to Occupy Significant Share in the Market
- X-ray security scanners have been widely used in the industry to scan persons, air cargo, small and large pieces of luggage, packages, and other objects to uncover any hidden explosives or other dangerous materials as well as to look for the smuggling of any things that are prohibited.
- Global investments have been made continuously throughout the years to upgrade the transportation system in urban areas, and more metro, rail, and monorail projects have been launched to reduce the strain on the system. The need to protect these Metrorail systems, which have attracted significant investment in China, India, and other nations, has pushed for more adoption and use of these security scanners in the transportation sector.
- The market for X-ray security scanners is also advancing due to the expanding commerce activities. Merchandise exports climbed in volume by 10.8% in 2021, up from 8.0% in March, and then by 4.7% in 2022, according to a World Trade Organization (WTO) report. The expansion of this sector is also being aided by the development in criminal activities like smuggling that occur when big commodities are transported from seaports and airports.
- Any failure to identify threats in mass transit systems, such as subway or railroad systems, may result in expensive repairs, delays in operation and timely functioning, disgruntled passengers and employees, mishandled baggage, lost lives, and significant revenue losses as the number of airports and transportation hubs increases globally. As a result, over the course of the forecast period, the market for x-ray security scanners is anticipated to rise rapidly.
- In addition, the Statistics Bureau Japan reports that 8.1% of the families polled spent an average of JPY 1,000(USD 6.64)to 2,999(USD 19.92) via e-money transfers on bus and train travel in the previous year. The average amount all surveyed households spent on public transportation in the same year was roughly JPY 2,844(USD 18.89). The market expansion for X-ray security scanners will be further fueled by the ongoing investments in transportation.
- Further addressing the demand for improved capabilities of x-ray scanners is the development and application of 3D imaging capabilities. The market demand for new x-ray security scanners is anticipated to be significantly influenced by them.
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Asia-Pacific to Witness Major Growth
- Due to increased metro, rail, and monorail projects being undertaken to distribute the burden on the urban infrastructure, Asia-Pacific is predicted to experience the fastest growth during the forecast period. This is due to ongoing investments being made in upgrading the transportation infrastructure in urban areas around the world.
- It is crucial to protect them because of the significant investments made in metrorail and airport developments in China, India, and other nations. They have advocated for the transportation sector to adopt and deploy these security scanners more frequently.
- By 2030, India may invest USD 715.41 billion in urban rail transit, according to Indian Infrastructure. For instance, the Indian government announced in the current fiscal year a USD 32.7 billion capital expenditure in rail, which will propel industry growth in the future.
- The region is also home to one of the nations that has been the target of the most terrorist attacks. Terrorist strikes are a constant menace to nations like Pakistan, Afghanistan, India, Bangladesh, and Sri Lanka. For instance, Jammu and Kashmir, Chhattisgarh, and Jharkhand were the Indian states with the highest terror attacks in the previous year, each reporting 257 incidents (37.8%), Chhattisgarh with 145 incidents (21.4%), and Jharkhand with 69 incidents (10.2%) respectively.
- The market in the region is anticipated to grow at a rapid rate as a result of the region's infrastructure being in a phase of rapid urbanization. DMRC claims that last year, the Delhi Metro improved its baggage scanning system with modern passenger safety and convenience features. Commuters will benefit from increased security and safety thanks to these sophisticated baggage scanners. Additionally, it will be simpler for female and elderly travelers to lift and position bulky things in their bags for scanning.
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