Security Detection System Market: Trends, Opportunities and Competitive Analysis

Security Detection System Market: Trends, Opportunities and Competitive Analysis

Security Detection System Market Trends and Forecast

The future of the security detection system market looks attractive with opportunities in the airport, ports and borders, military, and critical infrastructure industries. The global security detection system market is expected to reach an estimated $7.1 billion by 2027 and is forecast to grow at a CAGR of 5.7% from 2021 to 2027. The major drivers for this market are a continuing high threat level from terrorism and criminal activities, growing air passenger traffic rate and new airport construction, and stringency in enforcing government security mandates.

Emerging Trends in the Security Detection System Market

Emerging trends, which have a direct impact on the dynamics of the industry, include advancement in metal detector technology for superior performance and development of advanced full body scanners.

A total of 97 figures / charts and 92 tables are provided in this 208-page report to help in your business decisions. A sample figure with insights is shown below. To learn the scope of benefits, companies researched, and other details of the security detection system market report, please download the report brochure.

The study includes a forecast for the global security detection system market by product type, end use industry, application, and region as follows:

Security Detection System Market by Product Type [$M shipment analysis for 2016 – 2027]:

• X-ray Screening Systems
• Trace Detection System
• Metal Detectors
• Other Systems

Security Detection System Market by End Use Industry [$M shipment analysis for 2016 – 2027]:

• Airports
• Ports and Borders
• Critical Infrastructure
• Military and Emergency Responder
• Other End Uses

Security Detection System Market by Application [$M shipment analysis for 2016 – 2027]:

• Product Screening
• Public Screening

Security Detection System Market by Region [Value ($B) shipment analysis for 2016 – 2027]:

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• The United Kingdom
• France
• Asia Pacific
• China
• Japan
• India
• The Rest of the World
• Indonesia
• Brazil
• Turkey

List of Security Detection System Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies security detection system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the security detection system companies profiled in this report includes.

• Smiths Group plc
• Nuctech Company
• OSI Systems, Inc.
• L3 Harris
• Leidos
• Bruker
• Garrett Electronics
• CEIA
• Fisher Research Labs

Security Detection System Market Insight

• Lucintel forecasts that the airport segment is expected to remain the largest end use industry due to growing air traffic rate and new airport construction across the globe.
• Lucintel forecasts that x-ray screening systems will remain the largest segment due to the increasing use of these systems in airports, ports and borders, and critical infrastructure for luggage checking and people screening.
• North America is expected to remain the largest region over the forecast period supported by increasing security code reinforcement and increasing government spending on infrastructure sector.

Features of Security Detection System Market

• Market Size Estimates: Security detection system market size estimation in terms of value ($M)
• Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and regions.
• Segmentation Analysis: Market size by product type, end use industry, and application
• Regional Analysis: Security detection system market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
• Growth Opportunities: Analysis of growth opportunities in different product type, end use industry, and application, and regions for the security detection system market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape for the security detection system market.
• Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the security detection system market size?

Answer:The global security detection system market is expected to reach an estimated $7.1 billion by 2027

Q2. What is the growth forecast for security detection system market?

Answer:The security detection system market is expected to grow at a CAGR of 5.7% from 2021 to 2027.

Q3. What are the major drivers influencing the growth of the security detection system market?

Answer: The major growth drivers for this market are a continuing high threat level from terrorism and criminal activities, growing air passenger traffic rate and new airport construction, and stringency in enforcing government security mandates.

Q4. What are the major applications or end use industries for security detection system?

Answer:Lucintel predicts that airport end use market is the major end use for security detection system

Q5. What are the emerging trends in security detection system market?

Answer:Emerging trends, which have a direct impact on the dynamics of the industry, include advancement in metal detector technology for superior performance and development of advanced full body scanners.

Q6. Who are the key security detection system companies?

Answer:Some of the key security detection system companies are as follows:

• Smiths Group plc
• Nuctech Company
• OSI Systems, Inc.
• L3 Harris
• Leidos
• Bruker
• Garrett Electronics
• CEIA
• Fisher Research Labs

Q7.Which security detection system product segment will be the largest in future?

Answer Lucintel forecasts that x-ray screening systems will remain the largest segment due to the increasing use of these systems in airports, ports and borders, and critical infrastructure for luggage checking and people screening.

Q8: In security detection system market, which region is expected to be the largest in next 5 years?

Answer:North America is expected to remain the largest region over next 5 years

Q9. Do we receive customization in this report?

Answer:Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions

Q.1 What are some of the most promising potential, high growth opportunities for the global security detection system market by product type (x-ray screening system, trace detection systems, metal detectors, and other systems), end use industry (airports, ports and borders, critical infrastructure, military and emergency responders, and other end uses), application (product screening and public screening), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q. 2 Which segments will grow at a faster pace and why?

Q.3 Which regions will grow at a faster pace and why?

Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?

Q.5 What are the business risks and threats to the market?

Q.6 What are the emerging trends in this market and the reasons behind them?

Q.7 What are the changing demands of customers in the market?

Q.8 What are the new developments in the market? Which companies are leading these developments?

Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?

Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?

Q.11 What M & A activities have taken place in the last 5 years in this market?



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