Security Screening Market at CAGR of 9.46% worth $9.10 Billion by 2020 The major players in thesecurity screening market are American Science and Engineering, Inc. (U.S.), Analogic Corporation (U.S.), Argus Global Pty Ltd (Australia), Aware Incorporation (U.S.), Digital Barriers plc. (U.K.), Implant Sciences Corporation (U.S.), Magal Security Systems Ltd (Israel), OSI Systems, Incorporation (U.S.), Safran SA (France), and Smiths Group plc. (U.K.). Asia-Pacific stands first in terms of the CAGR in the security screening market. North America has been identified as the leader in the market in terms of the market size, with the U.S leading the way. Europe is a promising market, comprising Germany and the U.K.; while the ROW also presents a driving factor toward the growth of this market with Brazil and Argentina. The report profiles the 10 major players in the security screening market ecosystem. The competitive landscape of the security screening market presents anoverall scenario, where major players such asSmiths Group plc. (U.K.) and Safran SA (France)play a major role. The market is witnessing agreements, contracts, and product launches across its value chain, among a number of tier-one players around the globe. SafranSA (France) developed‘Finger on the Fly’, which is the world’s fastest contactless four finger scanner. Smiths Detection (U.K.)came up with an advanced dual-view X-ray inspection systemfor automatic explosive detection at security checkpoints where bags and personal belongings are screened. Thus, the market players are constantly working toward new and innovative product offerings.
Browse 73 market data tables and 91 figures spread through 199 pages and in-depth TOC on “Security Screening Market - Analysis and Forecast to 2013 - 2020� http://www.marketsandmarkets.com/Market-Reports/security-screeningmarket-264685413.html Early buyers will receive 10% customization on reports. Scope of the report This research report categorizes the screening market on the basis ofthe analysis of the different segments:Based on Product: On the basis of the products, the security screening market is divided into segments such as X-ray screening system, explosive trace detectors, electromagnetic metal detectors, shoe scanners, liquid scanners, and biometric systems. Based on Application: The security screening market is further segment on the basis of the various application areassuch as airports, government organizations, border check points, educational institutes, private sectors, and public places, amongothers. Security screening involves screening people and their belongings. Screening of person and its belongings can be done at places such as airports, government offices, private sector, public places (malls, hospitals, hotels, casinos, and stadiums), border checkpoints, and educational institutes. There has been a constant threat of terrorism and unlawful activities to the regions such as North America, APAC, and Europe. The September 2001 twin tower attack incident resulted in huge economic, financial, and human loss to the U.S; similarly, the November 2008 incident in India had stunned the country. Thus, the need for security and safety at all places is important.
Security screening is used more at airports and private sectors as activities such as smuggling and other unethical practices take place to a large extent at such places; the private sector involves the offices premises and business events where security screening is used for attendance, authentication, and access control of employees. Security screening products such as biometric systems, X-ray screening systems, and explosive trace detectors are widely used. The use of shoe scanner and liquid scanners is expected to reduce in the future as the features of shoe scanner and liquid scanners have now been merged with full body X-ray scanner and electromagnetic metal detector. The global security screening market is expected to reach $9.10 Billion by 2020; at an expected compound annual growth rate (CAGR) of 9.46% from 2014 to 2020. Security screening market is growing well at airports, public places, and private sectors as compared to the other major application areas. The increasing number of airports is increasing the need for security screening. In terms of the number of airports , the U.S.stands first, accounting for ~32% of the total airports in the world;followed by Brazil, Mexico, and Canada with ~10%, ~4%, and ~4% respectively. The security screening is done more atairports as compared to the other application areasof this market;thus, there is a huge scope for this market to grow in the aviation segment. There is a growing need for security screening in the public and private segments. Ensuring people’s safety at public places such as malls, hotels, casinos, hospitals, and banks is of utmost importance, so as to avoid terrorism and unlawful activities. Speak to Analyst @ http://www.marketsandmarkets.com/speaktoanalyst.asp?id=264685413 Based on Geography: The geographical analysis covers the four major regions, namely North America, Europe, APAC, and Rest of the World (RoW). North America is sub-segmented into U.S., Mexico,and Canada; Europe is sub-
segmented into Germany, U.K., Russia, Spain, Italy, and France; APAC is sub-segmented into China, India, Japan, and Australia; and the Rest of the world (RoW) is sub-segmented into the Middle East, Latin America, and Africa. About MarketsandMarkets We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. Contact: Mr. Rohan North - Dominion Plaza, 17304 Preston Road, Suite 800, Dallas, TX 75252 Tel: +1-888-600-6441 Email: sales@marketsandmarkets.com