The Security Screening Market size is projected to reach US$ 17.37 billion by 2031 from US$ 9.89 billion in 2023. The market is expected to register a CAGR of 7.30% in 2023–2031. Concern regarding terrorism and illegal immigration is likely to remain a key Security Screening Market trends.
The increasing focus on security within the aviation sector, coupled with the heightened demand for robust security surveillance at public gatherings, is expected to drive the installation of security screening systems. This trend is driven by the need to enhance security measures in these environments, thereby fostering market growth.
Security screening involves electronically scanning baggage, mail, parcels, cargo, and vehicles at transportation hubs or facilities to guarantee safety and security. This process utilizes a range of detection technologies, including X-ray, CT-based scanning, neutron sensing, and detection, in order to detect potential threats and illicit items. The progress in security technology, encompassing X-ray systems, handheld detectors, and biometric systems, is projected to generate favorable prospects for the security screening market. These advancements are forecasted to contribute positively to the market's expansion in the foreseeable future. The increasing need for security equipment, including X-ray systems, handheld detectors, and biometric systems, is propelled by several factors, such as heightened apprehensions about terrorism and illegal immigration, alongside the growing utilization of trace detectors to combat drug trafficking.
The escalating worry surrounding terrorism and illegal immigration propels the security screening market, demanding advanced security solutions to counter these threats. The intricate and diverse link between terrorism and illegal immigration has intensified the emphasis on security measures aimed at mitigating potential risks. Government agencies, such as Homeland Security Investigations (HSI), possess exclusive authorities and capabilities to combat foreign intelligence and non-traditional collection threats. They are also responsible for identifying, locating, and investigating national security threats and human rights violators who breach their immigration status or engage in criminal activities. HSI focuses on targeting individuals, financial resources, and materials that support terrorist activities within the United States and internationally. Additionally, other agencies such as U.S. Customs and Border Protection, U.S. Immigration and Customs Enforcement, U.S. Citizenship and Immigration Services, U.S. Coast Guard, and U.S. Secret Service actively participate in addressing terrorist threats and evolving security challenges.
The heightened focus on modern security measures to prevent radiological attacks is a response to the danger posed by the spread of radioactive substances with malicious intent. This encompasses the potential utilization of radioactive materials in a "radiological dispersal device" (RDD). Such attacks could result in substantial localized damage and contamination of the surrounding area and provoke intense fear and distress within affected communities. The expansion of the security screening sector is directly tied to this emphasis on modern security solutions. The necessity for improved security measures to identify and thwart radiological attacks has generated a greater need for advanced security screening technologies and services.
Key segments that contributed to the derivation of the Security Screening Market analysis are product and application.
The geographic scope of the Security Screening Market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
The security screening industry in North America is undergoing notable expansion, fueled by factors including heightened security apprehensions, the escalation of terrorism, and the necessity for stricter security protocols. Incidents where threats have been addressed have resulted in complex passenger experiences, underscoring the requirement for improved security procedures, particularly within the aviation domain. The expanding air cargo transport in North America, notably in the US, is amplifying apprehensions regarding the transported goods, prompting a heightened need for advanced security systems capable of detecting hazardous weapons within the cargo.
The regional trends and factors influencing the Security Screening Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Security Screening Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 9.89 Billion |
| Market Size by 2031 | US$ 17.37 Billion |
| Global CAGR (2023 - 2031) | 7.30% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Product
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Security Screening Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Security Screening Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The Security Screening Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:
(Source: Transportation Security Administration, Press Release, 2024)
(Source: OSI Systems, Inc., Company Website, 2024)
The “Security Screening Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
The market is expected to reach US$ 17.37 billion by 2031.
The key players holding majority shares in the market are Aware, Inc.; Anviz Global; Analogic Corporation; Iris ID, Inc.; L3 Security and Detection Systems; and Magal Security Systems Ltd.
The increasing number of airports and infrastructure growth is anticipated to play a significant role in the global security screening market in the coming years.
Heightened concern regarding terrorism and illegal immigration are the major factors that propel the global security screening market.
The market was estimated to be US$ 9.89 billion in 2023 and is expected to grow at a CAGR of 7.30% during the forecast period 2023 - 2031.