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.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Security Screening Market: Strategic Insights
Market Size Value in US$ 6.95 Billion in 2018 Market Size Value by US$ 13.64 Billion by 2027 Growth rate CAGR of 7.3% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Security Screening Market: Strategic Insights
Market Size Value in | US$ 6.95 Billion in 2018 |
Market Size Value by | US$ 13.64 Billion by 2027 |
Growth rate | CAGR of 7.3% from 2019-2027 |
Forecast Period | 2019-2027 |
Base Year | 2019 |
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to AnalystSecurity 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 Report Scope
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 $5 million order to provide 920CT baggage screening technology for passenger checkpoints at a leading European international airport.
(Source: OSI Systems, Inc., Company Website, 2024)
Security Screening Market Report Coverage and Deliverables
The “Security Screening Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product ; Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Frequently Asked Questions
The market is expected to reach US$ 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.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Trends and growth analysis reports related to Security Screening Market
May 2024
Automotive Board to Board Connector Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Pin Headers, Sockets, Floating Connector, and Card Edge Connector), Pin Headers (Stacked Headers and Shrouded Headers), Application (Powertrain Control Systems, Infotainment and Navigation Systems, Advanced Driver Assistance Systems (ADAS), Electric Vehicles (EV) and Hybrid Vehicle Systems, Lighting Control Systems, Autonomous Vehicles, and Others), Pitch (Less Than 1 mm, 1–2 mm, and More Than 2 mm), Number of Pin (2–12 Pin, 13–30 Pin, 31–50 Pin, 51–100 Pin, and 100+ Pin), and Geography
May 2024
Radiation Hardened Motor Controller and Motor Drive Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Motor Controller and Motor Drive), Motor Drive (AC Drive, DC Drive, and BLDC), Application (Space Exploration, Military and Defense, Nuclear Power Plants, and Others), and Geography
May 2024
Pluggable Optics for Data Center Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component (Switches, Routers, and Servers), Data Rate (100–400 Gb/s, 400–800 Gb/s, and 800 Gb/s and above), and Geography
May 2024
LED Flashlight Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Rechargeable LED Flashlight and Non-Rechargeable LED Flashlight), Product (Everyday Carry Flashlights, Tactical Flashlights, and Safety Flashlights), Application (Residential, Commercial, and Military and Law Enforcement), and Geography
May 2024
Collaborative Robots Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Payload (5–10 Kgs, Up to 5 Kgs, and Above 10 Kgs), Application (Assembly, Pick and Place, Material Handling, Quality Testing, Machine Tending, Welding, Packaging, and Others), Type (Robotic Arm, Welding Guns, Grippers, and Others), End-user Industry (Automotive, Electronics, Metal and Machinery, Food and Beverage, Logistics, Pharmaceuticals, and Others), Functionality (Static Robot and Mobile Robot), and Geography
May 2024
Analog to Digital Converter Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Integrating Analog to Digital Converters, Delta-Sigma Analog to Digital Converters, Successive Approximation Analog to Digital Converters, Ramp Analog to Digital Converters, and Others), Resolution (8-Bit, 10-Bit, 12-Bit, 14-Bit, 16-Bit, and Others), and Application (Industrial, Consumer Electronics, Automotive, Healthcare, Telecommunication, and Others), and Geography
May 2024
Adaptive Traffic Control System Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Hardware, Software, and Services), Component (OPAC, SCOOT, RHODES, and SCATS), and Application [Highways and Urban (Cities)] and Geography
May 2024
3D Audio Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Component (Hardware, Software, and Services) and End Use Industries (Consumer Electronics, Automotive, Media and Entertainment, Gaming, and Others)