North America Security Screening Market to ReachUS$ 4.01 Bn at a CAGR of 5.9% in 2027 | The Insight Partners

North America Security Screening Market to 2027 - Regional Analysis and Forecasts by Product (X-Ray Scanner, Biometric Systems, Explosive Trace Detector, Electromagnetic Metal Detector); Application (Border Check point, Airport, Government, Public Places, Others)

Publication Month: Aug 2019 | Report Code: TIPRE00006477 | No. of Pages: 149 | Category: Electronics and Semiconductor | Status: Published

Security screening market in North America is expected to grow from US$ 2.31 Bn in 2018 to US$ 4.01 Bn by the year 2027 with a CAGR of 5.9% from the year 2019 to 2027.

 

The increase in the global air passenger traffic, loss of human life owing to persistent attacks, and prospering e-commerce sector propelling domestic and international trade are the key factors driving the growth of the security screening market. Moreover, the increase in investments in the development of the infrastructural sector is anticipated to boost the security screening market growth in the near future. A rise in government initiatives and compliances for policies and security by the regulatory bodies have resulted in an increase in investments related to security by the companies. Increase in life-threatening threats such as terrorist attacks and criminal activities, including recent mass shooting incidences in the US has resulted in installing enhanced security screening system in the buildings. The Airport Council International-North America has estimated a need of around US$ 100 Bn during 2017 – 2021 in the US 63% of the development is envisioned to accommodate passenger and cargo activity growth, and 30% is envisioned to upgrade existing infrastructure, maintain a state of good repair, as well as retain airports up to standards for the aircraft that use them. This would further result in upgrading airports across the region; thus, bolstering the demand for metal & trace detectors and x-ray scanners in the region.

 

These devices and equipment play a major in identifying the presence of any explosives, metallic objects, and prevents the entrance of an unauthorized person. Pertaining to threats such as terrorist activities and attack, the adoption of security systems integrated with advanced technologies is rising at a larger extent. The market for security screening by-product is classified into the x-ray scanner, biometric systems, electromagnetic metal detector, and explosive trace detector. The X-ray scanner segment led the security screening market in the year 2018 with the highest market share and is expected to flourish its dominance during the forecast period. Further, biometric systems are expected to have the fastest growth rate during the forecast period. Biometric device integration has become a standard requirement for secure access control, thereby delivering greater security for non-transferable devices. The airports and public places are expected to witness the gradual adoption of advanced technologies over the coming three to five years. Adoption of biometric systems, including facial recognition system is growing exponentially, which are projected to benefit many airlines.

 

The US dominated the security screening market in 2018 and is expected to dominate the market with the highest share in the North America region through the forecast period. Airports across the US are working on key infrastructure and construction projects to enhance and renovate their facilities. These projects comprise of new and upgraded terminals, lighting and passenger amenities, and runways and taxiways. In January 2016, New Orleans city started construction of its new US$ 807 Mn North Terminal complex at the airport. Other airports such as Orlando International Airport is also working on a US$ 1.1 Bn expansion and up-gradation project. These initiatives in the expansion of airports in the country are contributing to the security screening market growth. The figure given below highlights the revenue share of the Mexico in the security screening market in the forecast period:

 

 

NORTH AMERICA SECURITY SCREENING MARKET SEGMENTATION

By Product

  • X-Ray Scanner
  • Biometric Systems
  • Explosive Trace Detector
  • Electromagnetic Metal Detector

By Application

  • Public Places
  • Border Check point
  • Government 
  • Airport
  • Others

By Country

  • US
  • Canada
  • Mexico

Security screening Market - Companies Mentioned

  • Aware, Inc.
  • Anviz Global
  • Analogic Corporation
  • Iris ID Inc.
  • L3 Security & Detection Systems
  • Magal Security Systems Ltd.
  • Nuctech Company Limited
  • OSI Systems, Inc.
  • Smiths Detection Inc.
  • Teledyne ICM (Teledyne Technologies Incorporated)

 

1.              Introduction

1.1       Scope Of The Study

1.2       The Insight Partners Research Report Guidance

1.2.1       North America Security Screening Market – By Product

1.2.2       North America Security Screening Market – By Application

1.2.3       North America Security Screening Market – By Country

2.              Key Takeaways

3.              Research Methodology

3.1       Coverage

3.2       Secondary Research

3.3       Primary Research

4.              Security Screening Market Landscape

4.1       Market Overview

4.2       North America PEST Analysis

4.3       Ecosystem Analysis

4.4       Expert Opinion

5.              Security Screening Market – Key Industry Dynamics

5.1       Key Market Drivers

5.1.1       Increase in the global air passenger traffic

5.1.2       Loss of human life owing to persistent attacks

5.1.3       Prospering e-commerce sector propelling domestic and international trade

5.2       Key Market Restraints

5.2.1       Health issues associated with X-ray radiations restricts the growth of full-body X-ray scanners

5.2.2       Challenges related to understanding the discrepancies in the security sector

5.3       Key Market Opportunities

5.3.1       Increase in investments on the development of infrastructural sector

5.4       Future Trends

5.4.1       Significant R&D on emerging technologies

5.5       Impact Analysis of Drivers and Restraints

6.              Security Screening Market – North America Market Analysis

6.1       Overview

6.2       North America Security Screening Market Revenue And Forecasts To 2027 (US$ Mn)

7.              North America Security Screening Market Analysis – By Product

7.1       Overview

7.2       North America Security Screening Market Breakdown, By Product, 2018 & 2027

7.3       X-Ray Scanner

7.3.1       Overview

7.3.2       North America X-Ray Scanner Market Revenue and Forecasts to 2027 (US$ Mn)

7.4       Biometric Systems

7.4.1       Overview

7.4.2       North America Biometric Systems Market Revenue and Forecasts to 2027 (US$ Mn)

7.5       Electromagnetic Metal Detector

7.5.1       Overview

7.5.2       North America Electromagnetic Metal Detector Market Revenue and Forecasts to 2027 (US$ Mn)

7.6       Explosive Trace Detector

7.6.1       Overview

7.6.2       North America Explosive Trace Detector Market Revenue and Forecasts to 2027 (US$ Mn)

8.              North America Security Screening Market Revenue and Forecasts to 2027 –By Application

8.1       Overview

8.2       North America Security Screening Market Breakdown, By Application, 2018 & 2027

8.3       Border Check Point

8.3.1       Overview

8.3.2       North America Border Check Point Market Revenue and Forecasts to 2027 (US$ Mn)

8.4       Airport

8.4.1       Overview

8.4.2       North America Airport Market Revenue and Forecasts to 2027 (US$ Mn)

8.5       Government

8.5.1       Overview

8.5.2       North America Government Market Revenue and Forecasts to 2027 (US$ Mn)

8.6       Public Places

8.6.1       Overview

8.6.2       North America Public Places Market Revenue and Forecasts to 2027 (US$ Mn)

8.7       Others

8.7.1       Overview

8.7.2       North America Others Market Revenue and Forecasts to 2027 (US$ Mn)

9.              North America Security Screening Market – Country Analysis

9.1       Overview

9.1.1       North America Security Screening Market Breakdown, by Key Countries

9.1.1.1    U.S. Security Screening Market Revenue and Forecasts to 2027 (US$ Mn)

9.1.1.1.1    U.S. Security Screening Market Breakdown by Product

9.1.1.1.2    U.S. Security Screening Market Breakdown by Application

9.1.1.2    Canada Security Screening Market Revenue and Forecasts to 2027 (US$ Mn)

9.1.1.2.1    Canada Security Screening Market Breakdown by Product

9.1.1.2.2    Canada Security Screening Market Breakdown by Application

9.1.1.3    Mexico Security Screening Market Revenue and Forecasts to 2027 (US$ Mn)

9.1.1.3.1    Mexico Security Screening Market Breakdown by Product

9.1.1.3.2    Mexico Security Screening Market Breakdown by Application

10.           Industry Landscape

10.1    Overview

10.2    Merger & Acquisition

10.3    Market Initiative

10.4    New Development

11.           Company Profiles

11.1    Aware, Inc.

11.1.1    Key Facts

11.1.2    Business Description

11.1.3    Product & Services

11.1.4    Financial Overview

11.1.5    SWOT Analysis

11.1.6    Key Developments

11.2    Anviz Global

11.2.1    Key Facts

11.2.2    Business Description

11.2.3    Products and Services

11.2.4    Financial Overview

11.2.5    SWOT Analysis

11.2.6    Key Developments

11.3    Analogic Corporation

11.3.1    Key Facts

11.3.2    Business Description

11.3.3    Products and Services

11.3.4    Financial Overview

11.3.5    SWOT Analysis

11.3.6    Key Developments

11.4    Iris Id, Inc.

11.4.1    Key Facts

11.4.2    Business Description

11.4.3    Product & Services

11.4.4    Financial Overview

11.4.5    SWOT Analysis

11.4.6    Key Developments

11.5    L3 Security & Detection Systems

11.5.1    Key Facts

11.5.2    Business Description

11.5.3    Products and Services

11.5.4    Financial Overview

11.5.5    SWOT Analysis

11.5.6    Key Developments

11.6    Magal Security Systems Ltd

11.6.1    Key Facts

11.6.2    Business Description

11.6.3    Products and Services

11.6.4    Financial Overview

11.6.5    SWOT Analysis

11.6.6    Key Developments

11.7    Nuctech Company Limited

11.7.1    Key Facts

11.7.2    Business Description

11.7.3    Product & Services

11.7.4    Financial Overview

11.7.5    SWOT Analysis

11.7.6    Key Developments

11.8    OSI Systems, Inc.

11.8.1    Key Facts

11.8.2    Business Description

11.8.3    Products and Services

11.8.4    Financial Overview

11.8.5    SWOT Analysis

11.8.6    Key Developments

11.9    Smiths Detection Inc.

11.9.1    Key Facts

11.9.2    Business Description

11.9.3    Product & Services

11.9.4    Financial Overview

11.9.5    SWOT Analysis

11.9.6    Key Developments

11.10  Teledyne Icm (Teledyne Technologies Incorporated)

11.10.1 Key Facts

11.10.2 Business Description

11.10.3 Product & Services

11.10.4 Financial Overview

11.10.5 SWOT Analysis

11.10.6 Key Developments

12.           Appendix

12.1    About The Insight Partners

12.2    Glossary Of Terms

 

LIST OF TABLES

Table 1.            North America Security Screening market Revenue and Forecasts to 2027 (US$ Mn)

Table 2.            North America Security Screening Market Revenue and Forecasts to 2027 – By Product (US$ Mn)

Table 3.            North America Security Screening Market Revenue and Forecasts to 2027 – By Application (US$ Mn)

Table 4.            U.S. Security Screening Market Revenue and Forecasts to 2027 – By Product (US$ Mn)

Table 5.            U.S. Security Screening Market Revenue and Forecasts to 2027 – By Application (US$ Mn)

Table 6.            Canada Security Screening Market Revenue and Forecasts to 2027 – By Product (US$ Mn)

Table 7.            Canada Security Screening Market Revenue and Forecasts to 2027 – By Application (US$ Mn)

Table 8.            Mexico Security Screening Market Revenue and Forecasts to 2027 – By Product (US$ Mn)

Table 9.            Mexico Security Screening Market Revenue and Forecasts to 2027 – By Application (US$ Mn)

Table 10.         Glossary of Term: Security Screening Market


LIST OF FIGURES

Figure 1.          Security Screening Segmentation

Figure 2.          Security Screening Segmentation - Countries

Figure 3.          Growth in Number of Air Passengers (2017-2037)

Figure 4.          North America Security Screening Market Breakdown, By Product, 2018 & 2027 (%)

Figure 5.          North America PEST Analysis

Figure 6.          Ecosystem Analysis

Figure 7.          Expert Opinion

Figure 8.          Security Screening Market Impact Analysis of Driver and Restraints

Figure 9.          North America Security Screening Market Revenue and Forecasts To 2027 (US$ Mn)

Figure 10.       North America Security Screening Market Breakdown, By Product, 2018 & 2027 (%)

Figure 11.       North America X-Ray Scanner Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 12.       North America Biometric Systems market Revenue and Forecasts to 2027 (US$ Mn)

Figure 13.       North America Electromagnetic Metal Detector market Revenue and Forecasts to 2027 (US$ Mn)

Figure 14.       North America Explosive Trace Detector market Revenue and Forecasts to 2027 (US$ Mn)

Figure 15.       North America Security Screening Market Breakdown, By Application, 2018 & 2027 (%)

Figure 16.       North America Border Check Point Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 17.       North America Airport Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 18.       North America Government Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 19.       North America Public Places Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 20.       North America Others Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 21.       North America Security Screening Market Breakdown by Key Countries, 2018 & 2027(%)

Figure 22.       U.S. Security Screening Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 23.       Canada Security Screening Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 24.       Mexico Security Screening Market Revenue and Forecasts to 2027 (US$ Mn)

 

 

The List of Companies

  1. Aware, Inc.
  2. Anviz Global
  3. Analogic Corporation
  4. Iris ID Inc.
  5. L3 Security & Detection Systems
  6. Magal Security Systems Ltd.
  7. Nuctech Company Limited
  8. OSI Systems, Inc.
  9. Smiths Detection Inc.
  10. Teledyne ICM (Teledyne Technologies Incorporated)
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America security screening 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 screening 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 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.