X-ray security scanner market in Asia-Pacific is expected to grow from US$ 1.42 Bn in 2018 to US$ 2.92 Bn by the year 2027. This represents a CAGR of 8.2% from the year 2019 to 2027.
X-Rayy security scanner market operates in a consolidated market scenario. The air travel industry is growing at a rapid pace. According to a report released by Boeing related to the current market outlook of the aviation industry (2017–2036), the number of air passengers grew at 6.2% Y-o-Y during the past five years. The factors such as high living standards coupled with rising middle-class population, particularly in emerging markets, have resulted in the increased growth. Also, growth in consumer spending related to tourism and travel in key economies has strengthened the demand for air travel. Owing to increasing air passenger traffic, there is a need to expand existing airport capacity and construction of new airport infrastructure. Thus, significant investments in airport infrastructure have been noticed during the past few years and are expected to continue over the next 20 years.
Further, the report states that during 2017–2021, there will be an investment of about US$ 1 trillion in new and existing airports globally. Also, APAC will account for nearly 40% of that investment. Therefore, expanding airport infrastructure will demand the deployment of security scanner systems, which in turn would drive the growth of the X-ray security scanner market
Global economic conditions, as well as lower airfares, are the primary reason contributing to the growth. This trend is anticipated to bring a noteworthy change in the airport infrastructure worldwide. This planning will require robust partnerships between the aviation industry, government, and communities to expand and upgrade infrastructure. This will include the construction of new terminals, runways, and other such facilities, along with the need for cargo handling, baggage and security processes, and other activities. Pertaining to these developments, the demand for X-ray security scanners is anticipated to increase.
Currently, China is dominating the X-ray security scanner market in terms of installation, which in turn boosts the demand for the X-ray security scanner market in the region. China is investing heavily in its infrastructure projects. The Chinese government is highly focused on the development of its infrastructure and has taken several measures to support the development. The figure given below highlights the revenue share of Rest of Asia-Pacific in the Asia-Pacific X-ray security scanner market in the forecast period:
Rest of Asia-Pacific X-ray Security Scanner Market Revenue and Forecasts to 2027 (US$ Mn)
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ASIA-PACIFIC X-RAY SECURITY SCANNER MARKET - SEGMENTATION
Asia-Pacific X-ray Security Scanner Market – By Product Type
- Conventional X-ray scanners
- CT Scanners
Asia-Pacific X-ray Security Scanner Market – By Tunnel Dimension
- Small
- Medium
- Large
Asia-Pacific X-ray Security Scanner Market – By Scanning Type
- Body Scanning
- Baggage Scanning
- Cargo Scanning
- Parcel Scanning
Asia-Pacific X-ray Security Scanner Market – By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
Asia-Pacific X-ray Security Scanner Market -Companies Mentioned
- Adani
- Astrophysics Inc.
- Detection Technology Plc.
- Gilardoni SPA
- Kromek Group PLC
- L3Harris Security & Detection Systems
- Nuctech Company Limited
- OSI Systems, Inc.
- Smiths Detection
- Teledyne ICM
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type, Tunnel Dimension, Scanning Type
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, China, Japan, South Korea
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia-Pacific X-ray Security Scanner Market – By Product Type
1.3.2 Asia-Pacific X-ray Security Scanner Market – By Tunnel Dimension
1.3.3 Asia-Pacific X-ray Security Scanner Market – By Scanning Type
1.3.4 Asia-Pacific X-ray Security Scanner Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia-Pacific X-ray Security Scanner Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 APAC PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Asia-Pacific X-ray Security Scanner Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Increasing volumes of passenger is resulting in the expansion of airport infrastructure which is further supporting the growth of X-ray security scanner market
5.1.2 Growing number of terrorist attacks an increasing concerns towards public safety
5.1.3 Rapidly growing e-commerce is expected to support the increasing adoption of x-ray security scanners
5.2 Key Market Restraints
5.2.1 Growing awareness regarding the health concerns related to X-ray radiations
5.3 Key Market Opportunities
5.3.1 Increasing deployment of X-ray security scanner at public places
5.4 Future Trends
5.4.1 Microfocus X-ray as an Emerging Technology
5.5 Impact Analysis of Drivers and Restraints
6. Asia-Pacific X-ray Security Scanner Market – Asia-Pacific Market Analysis
6.1 Overview
6.2 Asia-Pacific X-ray Security Scanner Market Revenue and Forecasts to 2027 (US$ Mn)
7. Asia-Pacific X-ray Security Scanner Market Analysis – By Product Type
7.1 Overview
7.2 X-ray Security Scanner Market Breakdown, By Product Type, 2018 & 2027
7.3 Conventional X-ray scanners
7.3.1 Overview
7.3.2 Conventional X-ray Scanners Market Revenue and Forecasts to 2027 (US$ Mn)
7.4 CT Scanners
7.4.1 Overview
7.4.2 CT Scanners Market Forecasts and Analysis
8. Asia-Pacific X-ray Security Scanner Market Analysis – By Tunnel Dimension
8.1 Overview
8.2 X-ray Security Scanner Market Breakdown, By Tunnel Dimension, 2018 & 2027
8.3 Small Tunnel Dimension
8.3.1 Overview
8.3.2 Small Tunnel Dimension Market Revenue and Forecasts to 2027 (US$ Mn)
8.4 Medium Tunnel Dimension
8.4.1 Overview
8.4.2 Medium Tunnel Dimension Market Revenue and Forecasts to 2027 (US$ Mn)
8.5 Large Tunnel Dimension
8.5.1 Overview
8.5.2 Large Tunnel Dimension Market Revenue and Forecasts to 2027 (US$ Mn)
9. Asia-Pacific X-ray Security Scanner Market Analysis– By Scanning Type
9.1 Overview
9.2 Asia-Pacific X-ray Security Scanner Market Breakdown, By Scanning Type, 2018 & 2027
9.3 Body Scanning
9.3.1 Overview
9.3.2 Body Scanning Market Forecast and Analysis
9.4 Baggage Scanning
9.4.1 Overview
9.4.2 Baggage Scanning Market Forecast and Analysis
9.5 Cargo Scanning
9.5.1 Overview
9.5.2 Cargo Scanning Market Forecast and Analysis
9.6 Parcel Scanning
9.6.1 Overview
9.6.2 Parcel Scanning Market Forecast and Analysis
10. Asia-Pacific X-ray Security Scanner Market – Country Analysis
10.1.1 APAC X-ray Security Scanner Market Breakdown, By Key Country
10.1.1.1 Australia X-ray Security Scanner Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.1.1.1 Australia X-ray Security Scanner Market Breakdown, By Product Type
10.1.1.1.2 Australia X-ray Security Scanner Market Breakdown, By Tunnel Dimension
10.1.1.1.3 Australia X-ray Security Scanner Market Breakdown, By Scanning Type
10.1.1.2 China X-ray Security Scanner Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.1.2.1 China X-ray Security Scanner Market Breakdown, By Product Type
10.1.1.2.2 China X-ray Security Scanner Market Breakdown, By Tunnel Dimension
10.1.1.2.3 China X-ray Security Scanner Market Breakdown, By Scanning Type
10.1.1.3 India X-ray Security Scanner Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.1.3.1 India X-ray Security Scanner Market Breakdown, By Product Type
10.1.1.3.2 India X-ray Security Scanner Market Breakdown, By Tunnel Dimension
10.1.1.3.3 India X-ray Security Scanner Market Breakdown, By Scanning Type
10.1.1.4 Japan X-ray Security Scanner Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.1.4.1 Japan X-ray Security Scanner Market Breakdown, By Product Type
10.1.1.4.2 Japan X-ray Security Scanner Market Breakdown, By Tunnel Dimension
10.1.1.4.3 Japan X-ray Security Scanner Market Breakdown, By Scanning Type
10.1.1.5 South Korea X-ray Security Scanner Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.1.5.1 South Korea X-ray Security Scanner Market Breakdown, By Product Type
10.1.1.5.2 South Korea X-ray Security Scanner Market Breakdown, By Tunnel Dimension
10.1.1.5.3 South Korea X-ray Security Scanner Market Breakdown, By Scanning Type
10.1.1.6 Rest of APAC X-ray Security Scanner Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.1.6.1 Rest of APAC X-ray Security Scanner Market Breakdown, By Product Type
10.1.1.6.2 Rest of APAC X-ray Security Scanner Market Breakdown, By Tunnel Dimension
10.1.1.6.3 Rest of APAC X-ray Security Scanner Market Breakdown, By Scanning Type
11. Industry Landscape
11.1 Market Initiative
11.2 Merger and Acquisition
11.3 New Development
12. Company Profiles
12.1 Astrophysics, Inc.
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 Adani Systems, Inc.
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 Detection Technology Plc
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 L3Harris Security & Detection Systems
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview (L3 Technologies Inc.)
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 Gilardoni SpA
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
12.8 Kromek Group PLC
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Smiths Detection Inc.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Product & Services
12.9.4 Financial Overview (Smiths Group PLC)
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Teledyne ICM
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Product & Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary
LIST OF TABLES
Table 1. Global X-ray Security Scanner Market Revenue and Forecasts to 2027 (US$ Mn)
Table 2. APAC X-ray Security Scanner Market Revenue and Forecasts to 2027 – By Product Type (US$ Mn)
Table 3. APAC X-ray Security Scanner Market Revenue and Forecasts to 2027 – By Tunnel Dimension (US$ Mn)
Table 4. APAC X-ray Security Scanner Market Revenue and Forecasts to 2027 – By Scanning Type (US$ Mn)
Table 5. Australia X-ray Security Scanner Market Revenue and Forecasts to 2027 – By Product Type (US$ Mn)
Table 6. Australia X-ray Security Scanner Market Revenue and Forecasts to 2027 – By Tunnel Dimension (US$ Mn)
Table 7. Australia X-ray Security Scanner Market Revenue and Forecasts to 2027 – By Scanning Type (US$ Mn)
Table 8. China X-ray Security Scanner Market Revenue and Forecasts to 2027 – By Product Type (US$ Mn)
Table 9. China X-ray Security Scanner Market Revenue and Forecasts to 2027 – By Tunnel Dimension (US$ Mn)
Table 10. China X-ray Security Scanner Market Revenue and Forecasts to 2027 – By Scanning Type (US$ Mn)
Table 11. India X-ray Security Scanner Market Revenue and Forecasts to 2027 – By Product Type (US$ Mn)
Table 12. India X-ray Security Scanner Market Revenue and Forecasts to 2027 – By Tunnel Dimension (US$ Mn)
Table 13. India X-ray Security Scanner Market Revenue and Forecasts to 2027 – By Scanning Type (US$ Mn)
Table 14. Japan X-ray Security Scanner Market Revenue and Forecasts to 2027 – By Product Type (US$ Mn)
Table 15. Japan X-ray Security Scanner Market Revenue and Forecasts to 2027 – By Tunnel Dimension (US$ Mn)
Table 16. Japan X-ray Security Scanner Market Revenue and Forecasts to 2027 – By Scanning Type (US$ Mn)
Table 17. South Korea X-ray Security Scanner Market Revenue and Forecasts to 2027 – By Product Type (US$ Mn)
Table 18. South Korea X-ray Security Scanner Market Revenue and Forecasts to 2027 – By Tunnel Dimension (US$ Mn)
Table 19. South Korea X-ray Security Scanner Market Revenue and Forecasts to 2027 – By Scanning Type (US$ Mn)
Table 20. Rest of APAC X-ray Security Scanner Market Revenue and Forecasts to 2027 – By Product Type (US$ Mn)
Table 21. Rest of APAC X-ray Security Scanner Market Revenue and Forecasts to 2027 – By Tunnel Dimension (US$ Mn)
Table 22. Rest of APAC X-ray Security Scanner Market Revenue and Forecasts to 2027 – By Scanning Type (US$ Mn)
Table 23. Glossary of terms, X-Ray Security Scanner Market
LIST OF FIGURES
Figure 1. Asia-Pacific X-ray Security Scanner Market Segmentation
Figure 2. Asia-Pacific X-ray Security Scanner Market Segmentation – Country
Figure 3. X-ray Security Scanner Market – Overview
Figure 4. X-ray Security Scanner Market – Strategy Analysis
Figure 5. Conventional X-ray Security Scanner Dominated the Market by Product Type
Figure 6. Large Tunnel Dominated the X-ray Security Scanner Market by Tunnel Dimension
Figure 7. APAC PEST Analysis
Figure 8. X-ray Security Scanner Market- Ecosystem Analysis
Figure 9. International Passenger Traffic Growth by Airline Region of Registration
Figure 10. Asia-Pacific X-Ray Security Scanner Market Impact Analysis of Drivers and Restraints
Figure 11. Asia-Pacific X-ray Security Scanner Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 12. Asia-Pacific X-ray Security Scanner Market Breakdown, By Product Type, 2018 & 2027 (%)
Figure 13. Asia-Pacific Conventional X-ray Scanners Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 14. Asia-Pacific CT Scanners Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 15. Asia-Pacific X-ray Security Scanner Market Breakdown, By Tunnel Dimension, 2018 & 2027 (%)
Figure 16. Asia-Pacific Small Tunnel Dimension Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 17. Asia-Pacific Medium Tunnel Dimension Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 18. Asia-Pacific Large Tunnel Dimension Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 19. Asia-Pacific X-ray Security Scanner Market Breakdown, By Scanning Type, 2018 & 2027 (%)
Figure 20. Asia-Pacific Body Scanning Market Revenue and Forecasts to 2027(US$ Mn)
Figure 21. Asia-Pacific Baggage Scanning Market Revenue and Forecasts to 2027(US$ Mn)
Figure 22. Asia-Pacific Cargo Scanning Market Revenue and Forecasts to 2027(US$ Mn)
Figure 23. Asia-Pacific Parcel Scanning Market Revenue and Forecasts to 2027(US$ Mn)
Figure 24. APAC X-ray Security Scanner Market Breakdown, By Key Country, 2018 & 2027(%)
Figure 25. Australia X-ray Security Scanner Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 26. China X-ray Security Scanner Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 27. India X-ray Security Scanner Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 28. Japan X-ray Security Scanner Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 29. South Korea X-ray Security Scanner Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 30. Rest of APAC X-ray Security Scanner Market Revenue and Forecasts to 2027 (US$ Mn)
The List of Companies - Asia Pacfic X-ray Security Scanner Market
- Adani
- Astrophysics Inc.
- Detection Technology Plc
- Gilardoni SPA
- Kromek Group PLC
- L3Harris Security & Detection Systems
- Nuctech Company Limited
- OSI Systems, Inc.
- Smiths Detection
- Teledyne ICM
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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