X-ray Security Scanner Market to Reach US$ 5,951.0 Mn at CAGR of 5.4%  by 2027

X-ray Security Scanner Market to 2027 - Global Analysis and Forecasts by Product Type (Body Scanner and Baggage Scanner), and End-user (Air Transport, Land Security, Commercial Malls & Multiplexes, Government & Banks, and Postal Items)

Publication Month : May 2018

  • Report Code : TIPTE100000997
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 155
Inquire Before Buy

PRICING

$4550

$2730

The X-Ray Security Scanner market was valued at US$ 4,114.2 Mn in 2018 and is projected to reach US$ 7,282.8 Mn by 2027; it is expected to grow at a CAGR of 6.5% from 2019 to 2027.

X- Ray security scanner market operates in a consolidated market scenario. Price differentiation is a major market strategy adopted by the players operating in the market. Generally, products of established companies are high-priced in comparison to the local players. Furthermore, companies highly dependent on government tenders or contracts for a major share of their revenues. Also, the maintenance services for these X-ray security scanners generate a significant amount of revenues. There is a huge price difference by tunnel dimension area; for instance, the device deployed for baggage scanner is relatively cheaper than those deployed at vehicle and cargo inspection checkpoints.

The demand for these devices in the near future is mainly driven by growing air transport and constant geopolitical unrest across various geographical regions. Also, terrorism and criminal threats further boost the deployment of the device with variation by geography and end-user segment. Besides this, the installed mounting base further creates prospects for aftermarket and software upgrade returns. Companies operating in the market are focusing on expanding their footprints into emerging economies of the world. This is due to increasing infrastructural developments in these economies owing to the increasing urban population. Moreover, stringent government regulations towards safety and security concerns are propelling the growth of the market. High risk of terror attacks is another factor bolstering market growth. The government of countries across the globe is concerned about their public safety and hence, mandating proper security checks at public places. The US ban on laptops as a carry-on baggage has stirred an alarming situation regarding the use of the device as an explosive. Such bans create inconvenience to passengers. Thus, companies are focusing on developing advanced technologies that enable effective screening. One such technology is Ultrabright microfocus X-ray, an efficient substitute to conventional X-ray tubes. Microfocus X-ray, when used with CT scanners, offers a solution to produce 3D images at high resolution. These images are capable of detecting micro size materials, thus has an improved ability to detect threat from baggage or passenger.

APAC dominated the X-Ray Security Scanner market in 2018, this growth is majorly attributed to the increase in routes options as well as the economic expansion of the countries in the region. In few merging Asian countries such as India, body scanners are forecasted to replace metal detectors as per aviation security regulator. The authority has provided directions to replace metal detectors with advanced technologies. In the Europe region, international passenger traffic climbed by 8.2% in 2018. Recently, the Airports Authority of India is planning to build city-side infrastructure at airports across the country, with help from private players for the building of hotels, car parks, and other facilities. Also, the Indian government has plans for setting up new airports over the coming years. The government of China is highly focused on modernizing its infrastructure and has completed several projects for the development of its infrastructure. Furthermore, the country is constantly expanding its transportation infrastructure. Also, China has planned for constructing 60+ new airports by 2020. The growing infrastructure installation will result in the deployment of new X-ray security scanners. Further, in the APAC region, the significant growth is noticed in China and India. In North America, The Transportation Security Administration (TSA) is a US government representative which screens air travelers, to ensure safety of both individuals and mode of transportation in the country, majorly airplanes. Some of the key manufacturers in the region include OSI Systems, Inc., L3 Security and Detection Systems, and Smiths Detection Inc. among others.

Lucrative Regions for X-Ray Security Scanner Market

Lucrative Regions for X-Ray Security Scanner Market
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities

Market Insights


Growing Air Passenger Traffic Resulting in Expansion of Airport Infrastructure

The global air travel industry is growing at a rapid pace. According to a report released by Boeing related to current market outlook of 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 worldwide. Thus, significant investments in airport infrastructure has been noticed during the past few years and is 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.

Product Type-Based Market Insights

On the basis of product type, the global X-Ray Security Scanner market is segmented into conventional X-ray scanners, and CT scanners. X-ray security scanners are advanced screening equipment’s which involves the security of individuals at places such as airports, government applications, border checkpoints, railways, public places, stadiums, private sectors and others. There are several projects funded by CASRA that provides training related to X-ray scanners used at airports. Some of the projects include Osarp Training Study, 2D VS. 3D X-RAY Image Display Study, and ACXIS among others. With the aid of security scanner items such as explosive trace detectors, full-body X-ray scanners, electromagnetic metal detectors, biometric technology, communication technology etc., increase in illegal and unethical practices all over the world can be prohibited. X-ray safety scanning helps secure public spaces with regard to illegal activities and prevents economic, financial, among others.

Tunnel Dimension -Based Market Insights

On the basis of tunnel dimension, the global X-Ray Security Scanner market is categorized into small, medium, and large tunnels. X-rays are among the most commonly used vehicle scanning technology, ranging from trucks and vans to railcars. In the field of vehicle scanning, market leaders are increasingly focused on providing personalized solutions to consumers, based on their specific needs, in an attempt to expand their market presence. They provide the user with a reliable, high-resolution image with superior image processing functions and detection capabilities. Its features are dual view, material discrimination, threat image projection, cost-effective, advanced X-ray photodiode array technology, and sophisticated image capture, display, and archival.

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

X-ray Security Scanner Market: Strategic Insights

x-ray-security-scanner-market
Market Size Value inUS$ 4,114.2 Million in 2018
Market Size Value byUS$ 7,282.8 Million by 2027
Growth rateCAGR of 6.5% from 2019-2027
Forecast Period2019-2027
Base Year2019
Analyst Image

Naveen

Have a question?

Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Analyst Image  Speak to Analyst

Product development is the commonly adopted strategy by companies to expand their product portfolio. Astrophysics Inc., Eurologix Security Holding Group, Gilardoni S.P.A., Kromek Group Plc, L3 Harris Security & Detection Systems are among the key players implementing strategies to enlarge the customer base and gain significant share in the global X-Ray Security Scanner market, which in turn permits them to maintain their brand name. A few of the recent key developments are:

  • In 2019, OSI System’s security division received a contract worth US$14 Mn to provide cargo and vehicle inspection systems; baggage and parcel inspection systems and also offer maintenance and support services.
  • In 2017, L3 Technologies Inc. acquired ETD business of Implant Sciences Corporation, and added to its L3 Security & Detection Systems division, to boost their leadership in security solutions and improve their capabilities in national and aviation security markets.

X-Ray Security Scanner Market Segmentation:


By Product Type

  • Conventional X-ray scanners
  • CT Scanners


By Tunnel Dimension

  • Small
  • Medium
  • Large


By Scanning Type

  • Body Scanning
  • Baggage Scanning
  • Cargo Scanning
  • Parcel Scanning


Company Profiles

  • Adani
  • Astrophysics Inc.
  • Eurologix Security Holding Group
  • Gilardoni S.P.A.
  • Kromek Group Plc
  • L3 Harris Security & Detection Systems
  • Nuctech Company Limited
  • OSI Systems, Inc.
  • Rapiscan Systems
  • Smiths Detection
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product Type , and End-user

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

The List of Companies

1. Astrophysics, Inc.
2. ADANI
3. Eurologix Security Group
4. L3 Security & Detection Systems
5. NUCTECH COMPANY LIMITED
6. OSI Systems, Inc.
7. Gilardoni S.p.A.
8. Kromek Group plc
9. Smiths Detection Inc.
10. TELEDYNE ICM

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Trends and growth analysis reports related to X-ray Security Scanner Market