North America Security Inspection Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Product Type (Personnel Screening Systems, Cargo and Baggage Inspection Systems, Vehicle Inspection Systems, and Others), and Application (Aviation, Border Security, Critical Infrastructure Protection, Commercial Security, and Others)

Publication Month: Jan 2021 | Report Code: TIPRE00018171 | No. of Pages: 99 | Category: Technology, Media and Telecommunications | Status: Published
Covid

The security inspection market in North America is expected to grow from US$ 1,830.0 million in 2019 to US$ 2,500.8 million by 2027; it is estimated to grow at a CAGR of 4.4% from 2020 to 2027.

The US, Canada, and Mexico are major economies in North America. Rising acceptance of vehicle inspection system at border checkpoints is driving the North America security inspection market in a positive way. Owing to rising trade through roadways and surge in intercity travel among the population the governments of various countries are implementing security measures across borders to avoid illegal entry of people or materials. The adoption of vehicle inspection system enables the border security team to check all vehicles crossing borders without involving manpower. This reduces the risk of omission due to human eyes or any other unauthorized proceedings between border officials. These factors are promoting the adoption of vehicle inspection systems across border checkpoints; thereby, contributing to the North America market growth. For instance, Vehant Technologies, offers NuvoScan, an under vehicle scanning system specially designed for detecting terror activities and threats. The solution is integrated with artificial intelligence and machine learning algorithms to efficiently scan vehicles across all checkpoints across North America. With the reduction in time taken to scan the vehicle, the system also enables to reduce human interference and cost in the long run. Hence, as a result, rising acceptance of vehicle inspection system at border checkpoints is further expected to create a significant demand for security inspection in the coming years, which is further anticipated to drive the security inspection market in North America.

 

The ongoing COVID-19 pandemic is having a devastating impact over North America.  At presently, the US is the world’s worst-affected country due to the COVID-19 pandemic. North America has the highest adoption of new technologies owing to favorable government policies to boost the innovation and strengthen the infrastructure capabilities. Therefore, any impact on industries is expected to affect the economic growth of the region. Due to the shutdown of businesses and delay in procurement activities in the last six months of 2020, the market is significantly impacted. Moreover, the falling GDP is another factor negatively impacting the growth of the security inspection market. The COVID-19 crisis has drastically impacted the operations across the value chain, from supplier networks to the customer delivery experience. Moreover, this has influenced the adoption of contactless security inspection systems across the country to comply with both safety regulation and social distancing norms laid down by the respective government body. However, the impact of COVID-19 is short-term and is likely to decrease in the coming years.

 

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America security inspection market. The North America security inspection market is expected to grow at a good CAGR during the forecast period.

North America security inspection market

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North America Security Inspection Market Segmentation

 

North America Security Inspection Market – By Product Type

  • Personnel Screening Systems
  • Cargo and Baggage Inspection Systems
  • Vehicle Inspection Systems
  • Others

North America Security Inspection Market – By Application

  • Aviation
  • Border Security
  • Critical Infrastructure Protection
  • Commercial Security
  • Others

North America Security Inspection Market, by Country

  • US
  • Canada
  • Mexico

North America Security Inspection Market - Companies Mentioned

  • ADANI
  • Analogic Corporation
  • C.E.I.A. SpA
  • Leidos
  • Nuctech Company Limited
  • OSI Systems, Inc.
  • Smiths Group plc

TABLE OF CONTENTS

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        North America Security Inspection Market – By Product Type

1.3.2        North America Security Inspection Market – by Application

1.3.3        North America Security Inspection Market- By Country

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           North America Security Inspection Market Landscape

4.1         Market Overview

4.2         North America PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           North America Security Inspection Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Rising Acceptance of Vehicle Inspection System at Border Checkpoints

5.1.2        Rise in Need for Full-Body X-ray Screening Systems at Important Locations

5.2         Market Restraint

5.2.1        Universality of Legacy Security Inspection System

5.3         Market Opportunity

5.3.1        Collaboration of Artificial Intelligence Along with Security Inspection Systems

5.4         Future Trend

5.4.1        Upcoming of Automated Security Scanning

5.5         Impact Analysis of Drivers and Restraints

6.           Security Inspection Market –North America Analysis

6.1         Security Inspection Market North America Overview

6.2         North America Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

6.3         Market Positioning – Five Key Players

7.           North America Security Inspection Market Analysis – By Product Type

7.1         Overview

7.2         North America Security Inspection Market, By Product Type (2019 and 2027)

7.3         Personnel Screening Systems

7.3.1        Overview

7.3.2        Personnel Screening Systems: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

7.4         Cargo and Baggage Inspection Systems

7.4.1        Overview

7.4.2        Cargo and Baggage Inspection Systems: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

7.5         Vehicle Inspection Systems

7.5.1        Overview

7.5.2        Vehicle Inspection Systems: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

7.6         Others

7.6.1        Overview

7.6.2        Others: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

8.           North America Security Inspection Market Analysis – by Application

8.1         Overview

8.2         North America Security Inspection Market, by Application (2019 and 2027)

8.3         Aviation

8.3.1        Overview

8.3.2        Aviation: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

8.4         Border Security

8.4.1        Overview

8.4.2        Border Security: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

8.5         Critical Infrastructure Protection

8.5.1        Overview

8.5.2        Critical Infrastructure Protection: Security Inspection Market – Revenue and Forecast to 2027  (US$ Million)

8.6         Commercial Security

8.6.1        Overview

8.6.2        Commercial Security: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

8.7         Others

8.7.1        Overview

8.7.2        Others: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

9.           North America Security Inspection Market – Country Analysis

9.1         Overview

9.1.1        North America: Security Inspection Market, By Country

9.1.1.1          US: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.1.1          US: Security Inspection Market, By Product Type

9.1.1.1.2          US: Security Inspection Market, By Application

9.1.1.2          Canada: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.2.1          Canada: Security Inspection Market, By Product Type

9.1.1.2.2          Canada: Security Inspection Market, By Application

9.1.1.3          Mexico: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.3.1          Mexico: Security Inspection Market, By Product Type

9.1.1.3.2          Mexico: Security Inspection Market, By Application

10.        Impact of COVID-19 Pandemic on North America Security Inspection Market

10.1      North America: Impact assessment of COVID-19 Pandemic

11.        Industry Landscape

11.1      Overview

11.2      Market Initiative

11.3      New Product Development

11.4      Merger and Acquisition

12.        Company Profiles

12.1      ADANI

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      Analogic Corporation

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      C.E.I.A. SpA

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      Leidos

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      Nuctech Company Limited

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6      OSI Systems, Inc.

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7      Smiths Group plc

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

13.        Appendix

13.1      About The Insight Partners

             13.2      Word Index

LIST OF TABLES

Table 1.             North America Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

Table 2.             North America: Security Inspection Market, By Country – Revenue and Forecast to 2027 (US$ Million)

Table 3.             US: Security Inspection Market, By Product Type – Revenue and Forecast to 2027 (US$ Million)

Table 4.             US: Security Inspection Market, By Application – Revenue and Forecast to 2027 (US$ Million)

Table 5.             Canada: Security Inspection Market, By Product Type – Revenue and Forecast to 2027 (US$ Million)

Table 6.             Canada: Security Inspection Market, By Application – Revenue and Forecast to 2027 (US$ Million)

Table 7.             Mexico: Security Inspection Market, By Product Type – Revenue and Forecast to 2027 (US$ Million)

Table 8.             Mexico: Security Inspection Market, By Application – Revenue and Forecast to 2027 (US$ Million)

Table 9.               List of Abbreviation

LIST OF FIGURES

Figure 1.           North America Security Inspection Market Segmentation

Figure 2.           North America Security Inspection Market Segmentation – By Country

Figure 3.           North America Security Inspection Market Overview

Figure 4.           Personnel Screening Systems Segment Held the Largest Market Share Based on Product Type

Figure 5.           Aviation Segment Held the Largest Market Share Based on Application

Figure 6.           US to Show Great Traction During Forecast Period

Figure 7.           North America – PEST Analysis

Figure 8.           Expert Opinion

Figure 9.           North America Security Inspection Market: Impact Analysis of Drivers and Restraints

Figure 10.        North America Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

Figure 11.        North America Security Inspection Market Revenue Share, by Product Type (2019 and 2027)

Figure 12.        North America Personnel Screening Systems: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

Figure 13.        North America Cargo and Baggage Inspection Systems: Security Inspection Market – Revenue and Forecast to 2027  (US$ Million)

Figure 14.        North America Vehicle Inspection Systems: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

Figure 15.        North America Others: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

Figure 16.        North America Security Inspection Market Revenue Share, by Application (2019 and 2027)

Figure 17.        North America Aviation: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

Figure 18.        North America Border Security: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

Figure 19.        North America Critical Infrastructure Protection: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

Figure 20.        North America Commercial Security: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

Figure 21.        North America Others: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

Figure 22.        North America: Security Inspection Market Revenue Share, By Country (2019 and 2027)

Figure 23.        US: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

Figure 24.        Canada: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

Figure 25.        Mexico: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

Figure 26.          Impact of COVID-19 Pandemic in North America Country Markets

Some of the leading companies are:

  1. ADANI
  2. Analogic Corporation
  3. C.E.I.A. SpA
  4. Leidos
  5. Nuctech Company Limited
  6. OSI Systems, Inc.
  7. Smiths Group plc
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America security inspection market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the North America security inspection market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the security inspection market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
TIPRE00018171
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