The global security screening equipment market is anticipated to grow at a considerable CAGR of 6.0% during the forecast period (2023-2030). In recent years, security concerns have become a top priority for governments, businesses, and individuals globally. With increasing threats of terrorism and cross-border security threats, the need for robust security measures has become more critical than ever. As a result, the security screening equipment market has been witnessing significant growth, driven by rising investments in infrastructure development and security measures. Governments across the globe are increasingly investing in infrastructure development and security measures to enhance security and safety. For instance, in February 2023, The Federal Aviation Administration (FAA), announced the allocation of nearly $1 billion under the Bipartisan Infrastructure Law to 99 airports across the country.
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The funding helps meet the growing demand for air travel and invests in key areas to help get travelers in and out of airports more quickly and improve the passenger experience by investing in new baggage systems, larger security checkpoints, and improved ground transportation. The investments will go to airports in 47 states and two territories. Earlier in March 2019, the Transportation Security Administration made a $96.8 million investment in computed tomography (CT) technology, which provides enhanced screening capabilities and reduces the need for physical pat-downs and bag searches. This investment demonstrates the government’s commitment to enhancing security measures and the significant role of advanced security screening equipment in achieving this goal.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Security Screening Equipment Market Report Segment
By Product Type
- X-ray Scanners
- Walk-through Metal Detector
- Hand-held Metal Detector
- Explosives Trace Detection
- Explosives Trace Portal
- Explosives Detection System
- Liquid Container Screening
- Threat Image Projection (TIP) Systems
By Application
- Airports
- Government Buildings
- Commercial and Public Spaces
- Residential
- Military and Defense
- Others
Global Security Screening EquipmentMarket Report Segment by Region
North America
- United States
- 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
- Latin America
- Middle East & Africa
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