The global security screening market is anticipated to grow at a considerable CAGR of 9.1% during the forecast period. One of the core factors that is fueling the market is the increasing terrorist activities across the globe. Terrorist activities have increased in the past few years which has propelled the demand for security screening in the most precious, and populated locations to restrict such activities. In recent years, there have been multiple terrorist groups such as ISIS, the Taliban, and others that have been threatening the globe in which such devices can restrict the easy flow of explosives from one place to another.
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The COVID-19 pandemic had impacted the travel and tourism sectors across the globe owing to travel restrictions and border closures that restricted traveling inside and outside of the country. This has minimalized the use of security screening and declined the demand of the market. As per the US Travel Association, COVID-19 had impacted harshly in the US, with the total economic output at $1.5 trillion in 2020, a sharp decline from $2.6 trillion in 2019. However, rising vaccination has improved the situation across the globe as the traveling restrictions have been mild up. This has boosted the re-opening of travel and tourism sectors; however, these sectors are still not expected to grow at their pre-pandemic levels any time soon due to uncertainty about the situation.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Security Screening Market by Technology
- X-Ray
- Metal Detection
- Biometric
- Spectrometry
- Spectroscopy
Global Security Screening Market by Application
- People
- Product
Global Security Screening Market by End-User
- Airport
- Ports and Borders
- Defense
- Others (Government Buildings, and Hotel)
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Astrophysics Inc.
- Costruzioni Elettroniche Industriali Automatismi C.E.I.A. SpA
- Decision Sciences
- Gilardoni S.p.A. a Socio Unico
- Lingacom Ltd.
- Muon Systems
- Nutech Co. Ltd.
- Passport Systems, Inc.
- Raytheon Technologies Corp.
- Teledyne Technologies Inc.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global security screening market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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