Security Screening Market Forecast and Growth 2031

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.

Security Screening Market Analysis

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 Market Overview

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.

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Security Screening Market: Strategic Insights

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Security Screening Market Drivers and Opportunities

Heightened Concern Regarding Terrorism and Illegal Immigration to Favor the Market

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.

Emphasis on Modern Security Solutions to Curb Radiological Attacks – An Opportunity in the Market

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.

Security Screening Market Report Segmentation Analysis

Key segments that contributed to the derivation of the Security Screening Market analysis are product and application.

• Based on product, the market is segmented into X-ray scanner, biometric systems, explosive trace detector, and electromagnetic metal detector. The X-ray scanner segment held a significant market share in 2023.
• By application, the market is segmented into border check point, airports, government applications, public places, and others. The airport segment held a substantial share of the market in 2023.

Security Screening Market Share Analysis by Geography

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.

Security Screening Market Regional Insights

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.

Security Screening Market Market Report Scope

Market Players Density: Understanding Its Impact on Business Dynamics

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:

1. Aware, Inc.
2. Anviz Global
3. Analogic Corporation
4. Iris ID, Inc.
5. L3 Security and Detection Systems
6. Magal Security Systems Ltd

Disclaimer: The companies listed above are not ranked in any particular order.

Security Screening Market News and Recent Developments

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:

• The Transportation Security Administration (TSA) and the Department of Homeland Security (DHS) Science and Technology Directorate (S&T) unveiled a prototype checkpoint technology, the self-service screening system, at Harry Reid International Airport (LAS) in Las Vegas. TSA PreCheck® passengers at TSA’s Innovation Checkpoint will be the first travelers to have the option to use the new system starting in mid-March when the testing begins. The same rigorous screening standards and rules required of passengers using the TSA PreCheck lanes apply to the self-screening lane.

(Source: Transportation Security Administration, Press Release, 2024)

• OSI Systems, Inc. ("OSI Systems" or the "Company") (NASDAQ: OSIS) announced that its Security division received a $5 million order to provide 920CT baggage screening technology for passenger checkpoints at a leading European international airport.

(Source: OSI Systems, Inc., Company Website, 2024)

Security Screening Market Report Coverage and Deliverables

The “Security Screening Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Market dynamics such as drivers, restraints, and key opportunities
• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
• Detailed company profiles