The Asia Pacific X-ray Security Screening Market would witness market growth of 9.1% CAGR during the forecast period (2023-2029).
The importance of public space security has increased due to an increase in terrorist activity between us. Many terrorist organizations are enticing their followers to target countries with active military programs in Western countries. The importance of intelligence and security systems has increased in light of the same. The x-ray security screening market is thus being driven by increased terrorist acts worldwide. The rise of baggage scanners that use X-ray technology is also fueled by rising airport security costs.
In addition, X-ray security scanners have been widely used to scan persons, luggage (both small and large), air cargo, and packages, among other things, to locate any concealed dangerous objects or to look for the smuggling of any prohibited materials. Mostly Investments have been made continuously to upgrade the transportation system in urban areas. More rail, metro, and monorail projects have been launched to reduce the strain on the system. The need to protect these Metrorail systems, which have attracted significant investment in China, India, and other nations, has pushed for more adoption and utilization of such security scanners in the public sector.
The region is home to one of the nations most affected by terrorist attacks. Terrorist attacks continue to threaten nations like India and Sri Lanka. Due to the accelerated urbanization of the region's infrastructure, there is a high demand for X-ray security scanners, which is anticipated to drive the regional market. Also, DMRC reports that in April of 2022, the Delhi Metro upgraded its baggage detection system with enhanced passenger safety & convenience features. These sophisticated cargo scanners will enhance the safety and security of passengers. Additionally, it will simplify for senior citizens and women to lift & place heavy luggage items for scanning. The regional market's growth is anticipated to be supported by all these factors.
The China market dominated the Asia Pacific X-ray Security Screening Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $437 million by 2029. The Japan market is estimated to grow a CAGR of 8.4% during (2023 - 2029). Additionally, The India market would display a CAGR of 9.7% during (2023 - 2029).
Based on Application, the market is segmented into Product Screening and People Screening. Based on End Use, the market is segmented into Government, Transit, and Commercial. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide X-ray Security Screening Market is Projected to reach USD 5.4 Billion by 2029, at a CAGR of 8.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Teledyne FLIR LLC (Teledyne Technologies Incorporated), Smiths Detection Group Ltd. (Smiths Group plc), Thales Group S.A., Kromek Group plc, NEC Corporation, Leidos Holdings, Inc., Aware, Inc., Bruker Corporation, OSI Systems, Inc. and Analogic Corporation (Altaris Capital Partners)
By Application
By End Use
By Country
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