Global X-Ray Security Screening System Market share to grow at 5.7% CAGR from 2016 – 2023: Fractovia.org The alarming rise in global terrorism will fuel the X-Ray Security Screening market over the period of 2016 to 2023. The growing awareness about terrorist activities and security threats such as the smuggling of drugs and weapons will increase the adoptions of the x-ray security screening systems worldwide. The battery-powered Xray tubes and digital detectors have the capability to capture the minutest things, by giving high image resolution, which will in turn boost the industry demand over the coming years. According to Global Market Insights, Inc., “Global X-ray security screening system market share is projected to exhibit an annual growth rate of 5.7% over the coming six years.”
X-ray security screening system end-users comprise transit industry, government, and commercial sector. The government sector contributed majorly towards the total market share accounting for 45% in 2015. As per the study, the government application is predicted to record an annual growth rate of 5.7% over the coming six years, owing to its escalating demand for incorporation of the advanced detection system in customs, prisons, and law enforcement. Commercial sector is estimated to drive x-ray security screening market with a CAGR of 5.2% over the coming six years. The transit sector worth USD 780 million in 2015 and is anticipated to register a CAGR of 5.9% over the period of 2016-2023, driven by its growing need to scan passengers and baggage thereby, avoiding smuggling of explosive, drugs, and weapons. The escalating commercial sectors, such as shopping malls, hotels, institutes, and corporate offices will also increase the demand for metal and gamma ray detector, which, in turn, will drive the X-ray security screening system industry size. Product screening application will boost the growth of x-ray security screening industry. People and product screening are the two most lucrative applications of the x-ray security screening system market. Product screening is expected to dominate the application landscape by registering an annual growth rate of 5.8% over the coming six years. The growth can be attributed to its growing requirement across government and aviation sectors for the applications such as mail screening, baggage, cargo, and parcel. Product screening x-ray security screening system application worth USD 600 1|Page
million in 2015, is predicted to grow significantly at an annual growth rate of 5.5% over the period of 2016 to 2023. Taking into account the regional landscape, which includes U.S., Canada, Mexico, UK, Germany, France, India, China, Japan, and Brazil, U.S. x-ray security screening system industry attained a revenue of USD 580 million in 2015 and is projected to register a CAGR of more than 5.7% over the coming six years. The stringent government norms and measures regarding security will be the attributing factor. In addition, increasing replacement of outdated security will contribute significantly towards the regional x-ray security screening system market growth. Market participants are willing to update technologies regarding security systems to sustain their business position over the coming years. X-ray security screening system market players include Morpho Detection, Analogic Corporation, OSI Systems, Rapiscan Systems, Adani Systems, Smiths Detection, and Astrophysics Inc.
China X-Ray Security Screening System Market size, by end-use, 2012-2023 (USD Million)
Browse key industry insights spread across 115 pages with 49 market data tables & 26 figures & charts from 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” in detail along with the table of contents: https://www.fractovia.org/industry-report/x-ray-security-screening-system-market
2|Page
Segmentation of X-ray security screening system Market:
X-Ray security screening system market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD billion from 2012 to 2023, for the following segments:
By End-use o Transit Industry o Commercial o Government
By Application o People Screening o Product Screening
The above information is provided on a regional basis for the following:
North America o U.S. o Canada o Mexico
Europe o Germany o UK o France
Asia Pacific o China o India o Japan
Latin America
MEA
3|Page
About Fractovia.org Fractovia.org is one of India's leading in-house and free news portal. It is fully automated, and operates on a constant premise, interfacing with news sites and offering redesigned breaking features to readers across the globe. Our mission is to offer individuals opportunities for connections with news writers and distributors which they can pursue. We operate by mapping articles pertaining to breaking news, constantly and progressively, against a pre-determined word-based theme, offering important connections to readers and clients, as well as distributers.
Contact Us: Fractovia.org 29L Atlantic Avenue, Suite L 105, Ocean View, Delaware 19970 United States Phone: 1-302-846-7766 Toll Free: 1-888-689-0688 Email: sales@fractovia.org Website: https://www.fractovia.org Connect with us: Facebook | Twitter
4|Page