X-Ray Security Screening System Market Industry Overview, Market Status and Trend, Driving Factor Analysis, Major Players and Forecast 2027

The introduction of Synapse Technology’s ‘Syntech ONE 200 Series’ is a typical example underlining the advancements across the X-Ray Security Screening System Market. Launched in 2019, this pioneering security solution brings a new era of X-ray screening with artificial intelligence.

Reportedly, it is a next-generation AI-based solution for existing security X-ray machines that automatically detect knives, weapons, and other threats at concert venues, airports, schools, and secures facilities. Syntech ONE is the world’s first commercially available and patented AI-based threat detection system for security X-ray machines. Indeed, this AI-based threat detection system is touted to be one of the most futuristic tools launched in the x-ray security screening system market.

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A study conducted at Global Market Insights Inc. suggests that the X-ray security screening system market size is anticipated to exceed USD 4 billion by 2026.

 

The underlining principle that lurks behind the launch of advanced product screening solutions is growing security concerns at transport networks such as railway stations, roadway checkpoints, and airports. These places are often flooded with people due to massive passenger traffic. This has led to an increase in demand for x-ray product screening solutions at these places to detect illegal drugs and harmful weapons.

 

These systems help authorities to track criminals and concealed weapons, detect explosives, or other illegal imports without establishing physical contact between the security screener and the concerned person. Airports worldwide have been adopting these solutions in recent years to ensure both passengers as well as asset safety. On this note, it is expected that the product screening segment is anticipated to record lucrative growth over the forecast period.

Evidently, the X-ray security screening system market is essentially gaining traction across commercial applications. These products are extensively used across commercial applications such as large malls, hypermarkets for the identification of illegal material, explosives, metals, and guns. These products are witnessing high demand in commercial applications to protect crowded places from potential threats such as an explosion. Besides, increasing demand for advanced screening solutions that can detect liquid or plastic-based explosives is likely to further boost commercial segment growth over the forecast period.

 

On the regional front, the Asia Pacific X-ray security screening system market is anticipated to record robust growth over the forthcoming years owing to improving economic conditions in the region. Government organizations in major economies, such as South Korea and India, are focusing on implementing advanced technologies across numerous industry verticals to aid economic development.

 

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Citing an instance to highlight the aforementioned sentence, in Aug.2020, the IIAC (Incheon International Airport Corporation) in South Korea successfully implemented Smiths Detection’s carry-on baggage scanners to upgrade safety standards for passengers. Going down a similar road, Visakhapatnam International Airport in India also installed X-ray scanners in Sept. 2020.

 

Besides, North America and Europe are anticipated to offer lucrative growth opportunities to the X-ray security screening system market owing to advanced transportation infrastructure in the regions. Government authorities in these regions are adopting cutting-edge techniques to improve the security landscape. For instance, the TSA (Transportation Security Administration) recently announced a collaboration with American Airlines to install novel security screening lanes in selected US airports. Aided by initiatives like the aforementioned, it comes as no surprise that the global X-ray security screening system market outlook is likely to depict a substantial transformation over 2020 – 2026.

 

Browse key industry insights spread across 300 pages with 302 market data tables and 27 figures & charts from the report, Managed Services Market in detail along with the table of contents:

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Report Content

Chapter 3   X-Ray Security Screening System Industry Insights

3.1    Industry segmentation

3.2    Impact analysis of coronavirus (COVID-19) pandemic

3.2.1    Global outlook

3.2.2    Regional outlook

3.2.2.1    North America

3.2.2.2    Europe

3.2.2.3    Asia Pacific

3.2.2.4    Latin America

3.2.2.5    MEA

3.2.3    Industry value chain

3.2.4    Competitive landscape

3.3    Industry ecosystem analysis

3.3.1    Raw material suppliers

3.3.2    Component suppliers

3.3.3    Manufacturers

3.3.4    System integartors

3.3.5    Technology providers

3.3.6    Distributors

3.3.7    Vendor matrix

3.4    Technology & innovation landscape

3.4.1    High energy x-ray systems

3.4.2    3D color x-ray

3.4.3    Backscatter

3.4.4    Tansmission radiation

3.5    Regulatory landscape

3.5.1    North America

3.5.2    Europe

3.5.3    Asia Pacific

3.5.4    Latin America

3.5.5    MEA

3.6    Industry impact forces

3.6.1    Growth drivers

3.6.1.1    Increasing terrorist and other related attacks on prominent public infrastructure

3.6.1.2    High security risks associated terrorist attacks in the U.S.

3.6.1.3    Emergence of stringent security measures in Europe

3.6.1.4    Growing investments in Asia Pacific to develop airport infrastructure

3.6.1.5    Rising security & safety concerns at border crossing points in Latin America and MEA

3.6.2    Industry pitfalls & challenges

3.6.2.1    Unavailability of reliable supporting infrastructure

3.6.2.2    High cost of the systems

3.7    Growth potential analysis

3.8    Porter’s analysis

3.8.1    Supplier power

3.8.2    Buyer power

3.8.3    Threat of new entrants

3.8.4    Threat of substitutes

3.8.5    Internal rivalry

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