Report Scope

This report analyzes the global X-ray security screening market in terms of application, end-use, and geography. Based on application, the global X-ray security screening market is segregated into product screening, human screening, and vehicle screening. Similarly, on the basis of end-use, the global market for X-ray security screening is classified into government, transportation, and commercial. The transportation segment is further categorized into three major categories, namely- airway, waterway, and railroad way. The geographical distribution of the global X-ray security screening market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Overview:

Security concerns in view of growing terrorist threats and illegal activities such as drug trafficking and illegal arms shipping is identified as the major factor driving demand for X-ray security screening systems. Conformity with government regulations and security measures enacted to improve security infrastructure are further expected to support market demand. In addition, ever evolving technology means that the market would also be benefited from the replacement of obsolete X-ray screening systems. These factors are expected to contribute towards a growth of 6.5% CAGR during the forecast period 2021 – 2029. Issues including high upfront cost and privacy intrusion are expected to pose moderate challenge to the market growth, especially during the first half of the forecast period.

1.1    Report Description

Purpose of the Report

The purpose of this strategic research study titled “X-ray Security Screening Market - Growth, Share, Opportunities, and Competitive Analysis, 2021 – 2029” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the X-ray security screening market.

1.1.1   Target Audience

• Industry Investors
• X-ray security screening system manufacturers
• Other security system manufacturers
• Government Agencies
• Other End-users

1.1.2   USP and Key Offerings

The report titled “Global X-ray Security Screening Market - Growth, Share, Opportunities, and Competitive Analysis, 2021 – 2029” offers strategic insights into the global X-ray security screening market along with the market size and estimates for the duration 2019 to 2029. The said research study covers in-depth analysis of multiple market segments based on application, end-use, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the key industry participants, their SCOT (Strength, Challenges, Opportunities, and Weaknesses) analysis, market positioning, and recent developments. Other in-depth analysis provided in the report includes:

• An overview of the global X-ray security screening market
• Current and future market trends to justify the forthcoming attractive sub-markets within the digital X-ray security screening market
• Qualitative assessment tools such as market drivers, challenges and future prospects, value chain, and attractive investment proposition.
• Focus on each level of market segmentation based on product approvals, launch, and current and anticipated market dynamics.
• A general overview of the industry structure
• Company profiles highlighting key information about the major players operating in the global X-ray security screening market
• Market competition scrutiny tools such as market share analysis, fractal map, etc.
• SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global X-ray security screening market, offering market size and estimates for the period from 2019 to 2029, keeping in mind the above mentioned factors.

As of 2020, the government segment led the global X-ray security screening market closely followed by the transportation segment. The segment accounted for around 43% of the global market revenue in the same year. Over the forecast period 2021 – 2029, the segment is estimated to witness steady growth on account of regulated demand from homeland security applications.  On the other hand, transportation segment is expected to register maximum growth during the forecast period. In view of growing terrorist activities, illegal arms shipping, drug trafficking and immigration through different modes of transportation, the use of X-ray security screening systems for both product and human screening in transit applications is expected to grow considerably.

In base year 2020, North America (comprising U.S. and Canada) was the largest X-ray security screening market worldwide followed by Europe and Asia Pacific respectively. North America alone accounted for over 35% of the total market revenue worldwide in the same year. The trend is expected to continue and the region is expected to retain its dominating position through 2029. The U.S. represents the largest individual X-ray security screening market worldwide.  The X-ray security screening market in the U.S. is primarily shaped by rigorous security measures and regulations adopted by the government. The region is also expected to be benefited by the replacement of outdated X-ray security systems. On the other hand, Asia Pacific is expected to witness healthy growth on account of improving security infrastructure and consequent demand for X-ray security systems.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of X-Ray Security Screening market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the X-Ray Security Screening market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of X-Ray Security Screening market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the X-Ray Security Screening market?
• Which is the largest regional market for X-Ray Security Screening market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving X-Ray Security Screening market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the X-Ray Security Screening market worldwide?