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(Wireless-NewsWire.Com, October 10, 2018 ) X-ray security scanner market is expected to grow US$ 5.95 billion by 2025 from US$ 3.88 billion in 2017. The sales of X-ray security scanner is largely influenced by numerous factors. On the basis of product type, baggage X-ray security scanner is dominating the global X-ray security scanner market owing to enhanced security requirements at places with large mass population such as airports, shopping malls, stadiums etc. Further, government buildings, customs, and borders need improved safety equipment to evade the risk of terrorism, illegal immigrations, and transfer of contrabands.
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X-ray security scanner market is growing globally with increasing development of infrastructure. Airports, being the biggest end-user of these systems, are noticing high investments in their infrastructure. Almost all the countries across the globe are investing in their airport infrastructure by either expanding the existing facilities or constructing new airports. Also, a growth has been noticed in the commercial infrastructure of emerging economies, resulting in construction of new shopping malls, hospitals, stadiums, and other commercial buildings. The deployment of X-ray security scanners in these buildings and airports, is expected to boost the market growth.
The Major Key Market Players:
1. Astrophysics, Inc.
2. ADANI
3. Eurologix Security Group
4. L3 Security & Detection Systems
5. NUCTECH COMPANY LIMITED
6. OSI Systems, Inc.
7. Gilardoni S.p.A.
8. Kromek Group plc
9. Smiths Detection Inc.
10. TELEDYNE ICM
Further, the market heavily depends on the changing government standards and budgets. For instance, the EU has recently passed a legislation mandating every airports in the region to update their baggage screening systems to comply with standard 3 of ECAC by 2020. However, for U.K. airports, the deadline in 2018. Also, in 2011, EU banned the use of X-ray full-body scanners across all the airports in the region, followed by the U.S. and China.
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The overall market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. It also provides the overview and forecast for the global X-ray security scanner market based on all the segmentation provided with respect to six major regions including, North America, Europe, Asia-Pacific, Middle East, Africa, and South America. Also, primary interviews were conducted with industry participants and commentators in order to validate data and analysis.
The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the semiconductor & aerospace industry.
Reason to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global X-ray Security Scanner Market
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the X-ray Security Scanner Market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
The Insight Partners
Sameer Joshi
+1-646-491-9876
sam@theinsightpartners.com
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