X-Ray Security Scanner Market Geographic Segmentation, Analysis by Types and Regions and Forecast to 2023
21st May 2019 – Global X-Ray Security Scanner Market is
expected to grow at a CAGR of 7.6%
in the upcoming period as the scope and its applications are rising enormously
across the globe. X-Ray security scanner is a mechanical machine that scans for
harmful metal, organic, and inorganic materials. The machines spot hazardous
items by looking at the atomic number and the mass density of the substances of
the materials that pass through it. Dissimilar materials absorb rays at
different levels. Organic objects will appear as orange. X-Ray baggage and
X-Ray body scanners help keep assets, facility, and passenger’s safe.
The factors that are playing a major role in the growth of the market
are growing e-commerce industry resulting in increased cross-border transactions,
increasing global air passenger traffic, developing airport infrastructure with
enhanced technology, and evolving and persistent attacks that result in loss of
human life. However, concern related to X-Ray radiation may restrain overall
market growth in the years to come. X-Ray security scanner market is segmented
based on product type, end-user, and region.
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Baggage
scanner, body scanner, and others could be explored in X-Ray security scanner
in the forecast period. The body scanner sector accounted for the substantial
market share of X-Ray security scanner and is estimated to continue its
dominance in the years to come.
The
market could be categorized based on end-users like postal items, air
transport, government & banks, land security, commercial malls &
multiplexes, and others that could be explored in the forecast period. Air
transport sector accounted for the substantial market share of X-Ray security
scanner and is estimated to lead the overall market in the years to come. The
reason could be developing infrastructure with the latest technology and high
investment by countries across the globe on airport infrastructure. Also,
commercial mall & multiplexes sector is estimated to grow at the fastest
pace in the years to come.
Key Applications
• Transportation
•
Commercial
•
Government
Key Vendors
•
AS&E
•
Astrophysics, Inc.
•
Autoclear
•
Hamamatsu Photonics
• L3
Technologies
•
Leidos
•
Nuctech
•
Rapiscan Systems
•
Smiths Detection
•
Vidisco
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Globally, North America accounted for the
substantial market share of X-Ray security scanner and is estimated to lead the
overall market in the years to come. The reason behind the overall market
growth could be higher expenditure on security measures, the presence of key
manufacturers in this region, and high demand from defense and government
sector. The United States and Canada are the major consumers of x-ray security
scanner in this region.
Europe and the Asia Pacific are also
estimated to have a positive influence on future growth. Europe is the second
largest region with significant market share. However, Asia Pacific is
estimated to grow at the highest CAGR in the forecast period. The aspects that
may be ascribed to the growth comprise government initiatives like high funding
for developing enhanced airport infrastructure, growing middle-class populace,
and developing infrastructure in developing countries like India and China.
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