X-ray Security Scanner Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

X-ray Security Scanner Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

X-ray Security Scanner Market is expected to register a CAGR of 6.8% during the forecast period. These X-ray security scanners throw low radiation penetration to detect metallic and non-metallic objects if kept hidden.

Key Highlights

• Security has become a top priority with increased global goods trade and new and evolving security threats in various industries. Event management, law enforcement, hotels and restaurants, and the transportation industry are all experiencing rapid growth. The goods trade is expected to grow further, driving demand for x-ray security scanners in the market. Trade in North America, Europe, and Asia has remained strong due to various trade agreements.
• Due to growing terrorist activities worldwide, the focus on security in public spaces has gained worldwide significance. In western counties, various terrorist groups are encouraging their acolytes to attack the nations involved in the military programs in Iraq and Syria. In light of the same, the relevance of intelligence and security systems has intensified. Thereby the rising terror attacks globally are driving the x-ray security market.
• Further, airport security spending increases, thus driving the growth of baggage scanners, which incorporate x-ray technology. For instance, recently, the Airport Authority of India (AAI) signed a multi-million-dollar deal with a global firm to provide baggage scanners, which will be installed at nine airports in India, including Kolkata and Chennai. Approximately USD 400 billion is being invested in Asia-Pacific for airport projects in the coming years, followed by North America and Europe.
• Moreover, in February 2021, Australian company Micro-X, which develops cold cathode X-ray technology for health and security markets, announced that it received funding commitments of USD 23 million to open an office in Seattle, United States, to support its Airport Self Service Checkpoint project for the US Department for Homeland Security (DHS).
• However, the spread of novel coronavirus has severely affected the adoption of the x-ray security scanner market. Due to the pandemic, the aviation industry has suffered the most, with all the countries' international borders being closed. The travel ban was done to contain the spread of the virus.
• The spread of COVID-19 has severely affected the adoption of X-ray security scanners in the market. Due to the pandemic, the aviation industry suffered the most as international borders began closing. The travel ban was imposed to contain the spread of the virus. According to IATA, as of April 2020, the YoY revenue passenger kilometer change on international routes was witnessed the most for Europe (at – 99%, followed by Africa at -98.8%). This leads to a steep decline in the usage of x-ray for passenger screening.

Key Market TrendsThe Aviation and Transportation Segment to Occupy Significant Share in the Market

• X-ray security scanners have been a highly implemented solution in the industry for scanning baggage (small and large), people, air cargo, and parcels, among others, to identify and find any hidden threatening items or detect for smuggling of any banned items.
• Over the years, there has been continued investment in upgrading the transport infrastructure in the urban areas globally and has seen increased metro, rail, and monorail projects being undertaken to distribute the burden on the urban infrastructure. Massive investment in Metrorail projects in India, China, and other countries makes it essential to safeguard them and has pushed for the increased adoption and use of these security scanners in the transportation segment.
• The growing trade activities are also propelling the X-ray security scanner market forward. According to a World Trade Organization (WTO) report, merchandise exports in terms of volume increased by 10.8 % in 2021, up from 8.0 % in March, followed by a 4.7% increase in 2022. Furthermore, the rise in illegal activities such as smuggling during the movement of heavy goods from seaports and airports is boosting the growth of this market.
• As the number of airports and transportation hub increase globally, any failures to detect threats in subway or railroad systems and other mass transit system may result in costly repairs, delays in operation and timely functioning, disgruntled passengers and staff, mishandled baggage, lost lives, and significant losses in revenue. Hence, the x-ray security scanner market is expected to grow exponentially over the forecast period.
• Furthermore, according to Statistics Bureau Japan, in 2021, 8.1% of surveyed households spent an average of 1,000 to 2,999 Japanese yen on railway and bus transportation via e-money payments. In the same year, the average amount spent on public transport by all surveyed households was approximately 2,844 yen. The continuous investment in transportation will further drive the market growth for X-ray Security scanners.
• Additionally, the emergence and use of 3D imaging capabilities in x-ray scanners have further addressed the need for enhanced capabilities of x-ray scanners. They are expected to be a critical, decisive factor in the market demand for new x-ray security scanners.

Asia-Pacific to Witness a Huge Demand

• Asia-Pacific is expected to witness the fastest growth during the forecast period due to continued investment in upgrading the transport infrastructure in the urban areas globally and has seen increased metro, rail, and monorail projects being undertaken to distribute the burden on the urban infrastructure.
• Massive investments in Metrorail and airport projects in India, China, and other countries make it essential to safeguard them. They have pushed for the increased adoption and use of these security scanners in the transportation segment.
• According to Indian Infrastructure, India may invest USD 715.41 billion in urban rail transportation by 2030. For instance, in February 2022, the Indian government announced USD 32.7bn capital investment in rail in a national budget which will drive market growth in the future.
• Moreover, the region is also home to one of the most victimized countries by terror attacks. Countries such as Pakistan, Afghanistan, India, Bangladesh, and Sri Lanka are continuously threatened by terror attacks. For example, The government in India that experienced the most terror incidents were Jammu and Kashmir with 257 incidents (37.8%), Chhattisgarh with 145 incidents (21.4%), and Jharkhand with 69 incidents (10.2%) during 2019-2021.
• As the region's infrastructure is in a phase of rapid urbanization, the need for the adoption of x-ray security scanners is high, which is expected to drive the market in the region. According to DMRC, the Delhi Metro upgraded its baggage scanning system with advanced passenger safety and convenience features in April 2021. These advanced baggage scanners will provide commuters with additional safety and security. Furthermore, it will make it easier for elderly and female passengers to lift and place heavy baggage items for scanning.

Competitive Landscape

The X-ray Security Scanner Market is concentrated due to a few players with the majority market share. Some key players in the market include L3 Security and Detection Systems Inc., Westminster International Limited, and Rapiscan Systems Inc., among others. Some key recent developments in the market include:

• September 2021 - Smiths Detection, a global leader in threat detection and security screening technologies, has announced new HI-SCAN product enhancements. Smiths Detection has introduced the 0.5 m/s belt speed HI-SCAN 100100V-2, designed to meet the demands of high volume, fast turnaround air cargo applications for accelerated security screening, delivering the highest performance with the smallest physical footprint.
• August 2021 - OSI Systems, Inc. announced that its Security division received a USD 13 million order to provide multiple units of its RTT 110 (Real Time Tomography) explosive detection system, which will be installed at an Asian Pacific international airport to screen passengers holding (checked) baggage.

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