X-Ray Security Screening System Market to grow at 5.7% CAGR from 2016 to 2023: Global Market Insights, Inc.
The 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” by Global Market Insights, Inc. says that global X-Ray security screening system market forecast to grow with 5.7% CAGR to surpass USD 3 billion by 2023 Rising concerns for safety at various places such as railways, airports, public places, stadiums, government applications, private sectors and border check lines will favor industry demand from 2016 to 2023. Expanding unlawful and dishonest practices can be controlled with the help of x-ray screening frameworks thus avoiding economic, and human losses. Rising threat of psychological oppression and unlawful practices have brought about persistent upgrading of security and filtering items.
Commercial x-ray security screening system market will grow with 5.2% CAGR over the forecast period. Rising threat of terrorism has surged the need for scanning in commercial areas such as hotels, shopping malls and banks. The growing number of safety concerns on a global scale has compelled governments to re-evaluate their safety system and adapt new advanced mechanism to counter any future assaults. Conformity with safety measures and government regulations enacted to improve security infrastructure will positively impact x-ray security screening system market demand. Psychological oppressor assault dangers have driven huge interests in the flight security sector. In addition, drug trafficking, unlawful arms and movement have raised border security thereby driving industry demand. The consistent materials and products course through fringe intersections and ports are being checked to recognize various contrabands to avoid threats. Technological advancements in ensuring the fail-safe detection with maximum scanning and replacement of obsolete scanning products with newer versions are expected to further drive the industry growth. 1|Page