Global X-Ray Security Screening System Market share to grow at 5.7% CAGR from 2016 – 2023: Fractovia.org According to industry research report “X-Ray Security Screening System Market Size By Application (Product Screening, People Screening), By End-Use (Government, Commercial, Transit Industry), Industry Analysis Report, Regional Outlook (U.S., Mexico, Canada, UK, France, Germany, India, Japan, China, Brazil), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023”, global X-ray security screening system market to exceed USD 3 Billion by 2023. X-Ray security screening system market is expected to grow significantly over the coming years, driven by mounting security concerns across railways, stadiums, airports, border lines, and public places. Furthermore, introduction of new legislations to improve security infrastructure and make it more commendable and robust, will boost the industry trends over the years to come.
Growing threats of radiological bombs, terrorists, and weapons of mass destruction will further contribute significantly towards the rising popularity of the X-ray security screening systems. Transit, Government, and Commercial sectors are the key application areas of X-ray security screening systems. Government sector, which accounted over 45% of global X-ray security screening system market share in 2015, is forecast to register a CAGR of 5.7% over the coming six years. Rampant use of X-ray security screening systems in prisons, law enforcements, and customs will drive the industry growth. X-ray security screening system industry in the commercial sector will witness a substantial surge over the period of 2016-2023, driven by its growing use in banks, malls, corporate offices, and hotels to counter the menace of terrorism.
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