According to a new report, published by KBV research, The Global X-ray Security Screening Market size is expected to reach $5.4 billion by 2029, rising at a market growth of 8.3% CAGR during the forecast period.
The People Screening segment is showcasing a CAGR of 9.9% during (2023 - 2029). Cyberattacks, natural & man-made disasters, and threats like terrorism constantly threaten individuals and businesses. In addition, several regional governments emphasize cutting-edge fixes for bolstering and strengthening the current security and information technology infrastructure. Automated screening tools have also gained popularity due to real-time data intelligence and simplified screening methods.
The Government segment is leading the Global X-ray Security Screening Market by End-use in 2022 thereby, achieving a market value of $2.7 billion by 2029. The development of the X-ray security screening market is fueled by the growing use of security screenings by governments & law enforcement organizations to enhance security. Due to increased terrorist activity, public and private institutions are progressively investing in security measures. Major areas of government structures, including courthouses, parliamentary buildings, and public banks, include security checks and monitoring.
The North America market dominated the Global X-ray Security Screening Market by Region in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $2 billion by 2029. The Asia Pacific market is experiencing a CAGR of 9.1% during (2023 - 2029). Additionally, The Europe market would showcase a CAGR of 8.1% during (2023 - 2029).
Full Report: https://www.kbvresearch.com/x-ray-security-screening-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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)
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By End Use
By Geography
Companies Profiled
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