X-Ray Security Screening System Market to Record an Exponential CAGR by 2027
Category: #business  By Ronak Bora  Published: 14 hours ago
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X-Ray Security Screening System Market to Record an Exponential CAGR by 2027

The x-ray security screening system market is anticipated to witness robust growth by 2027 owing to the surging prevalence of security threats in key regions across the globe. In addition, technological advancements in the product are projected to further contribute to market penetration over the forecast timeline.

With prominent terrorism threats, there is a looming concern of explosives being taken inside a territory through different means of transportation, especially in leading regions. In order to prevent such events, airports have become a significant location where governments deploy security equipment to scan air cargo, luggage, and passengers for any harmful substances and objects. To cite an instance, the Transportation Security Administration (TSA), a security agency under the U.S. Department of Homeland Security, mandates x-ray screening of air carriers before they enter the country.

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Recently, researchers have been exploring the application of novel technologies, such as machine learning and deep learning, in the sector, which has positively influenced the product landscape, thereby enhancing market dynamics. Furthermore, with technological development, industry players and government organizations are focusing on incorporating advanced products, which has been favorable for industry outlook.

For instance, in April 2021, the TSA offered an update to potential industry partners pertaining to the existing contract competition for the Checkpoint Property Screening System (CPSS), its next-gen airport security system. Under the CPSS program, the TSA planned to set up advanced screening devices at passenger checkpoints across airports nationwide. The system was intended to replace the previous generation of x-ray scanners with computed tomography technology, which entails a computerized x-ray imaging procedure and generates 3D images of the scanned luggage and its contents.

For in-depth analysis, the x-ray security screening system market has been bifurcated in terms of component, type, end-use, and region. With respect to type, the market has been categorized into product screening and people screening.

The product screening sub-segment is estimated to see substantial growth by 2027, registering a steady CAGR through the assessment period. Product screening solutions enable efficient scanning of cargo and baggage with minimal human intervention, which is expected to fuel segmental demand over the following years.

Based on end-use, the x-ray security screening system market has been divided into government, commercial, and transportation. The transportation end-use segment has further been segregated into roadways, airways, and railways.

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The railways segment is calculated to gather a considerable share in the overall industry in terms of revenue by the end of 2027, expanding at a notable pace over the study timeframe. Rise in the number of railway infrastructure development projects would spur the demand for security screening systems, which is set to propel segmental growth in the upcoming years.

On the regional spectrum, North America holds a sizable revenue share in the x-ray security screening system market and is speculated to observe substantial growth through the forecast period. Government organizations promoting the adoption of x-ray security screening systems at transportation terminals across North America are likely to foster regional market growth in the future.

Table of Contents (ToC) of the report:

Chapter 1   Methodology and Scope

1.1    Scope & definitions

1.2    Methodology and forecast parameters

1.3    COVID-19 impact

1.3.1    North America

1.3.2    Europe

1.3.3    Asia Pacific

1.3.4    Latin America

1.3.5    MEA

1.4    Data sources

1.4.1    Secondary

1.4.2    Primary

Chapter 2   Executive Summary

2.1    X-ray security screening system market 3600 synopsis, 2017 - 2027

2.1.1    Business trends

2.1.2    Regional trends

2.1.3    Component trends

2.1.4    Type trends

2.1.5    Application trends

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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