Security Screening Market Worldwide Industry Analysis and New Market Opportunities Explored By 2028
Rapid
growth in the economy, necessitating increasing expenditure on the national and
infrastructural security, will continue to push deployment of reliable and
advanced technology enabled security screening systems. While FMI’s analysis
identifies an impressive rate of adoption within emerging economies, China,
India, and Russia are more likely to be at the forefront of this growth, in the security screening market.
The approximately US$ 7.8 billion market for security screening
is highly likely to approach the revenues worth US$ 10 billion in the next two
years. As indicated by a newly launched research report by Future Market
Insights (FMI), more than half of the total demand for security screening is
being accounted by the developed regional markets. East Asia however is cited
as the most lucrative market for investors in security screening systems and
solutions.
Airports Generate Maximum Demand
for Security Screening, Explosive Trace Detectors Bestselling
Over
2/5th of
the global security screening demand is accounted by airports, which will
remain the dominant application area for security screening systems
manufacturers and suppliers. As government buildings are highly vulnerable
owing to the voluminous sensitive information that they procure, public
recreation areas such as malls are also cited as the next sensitive area for
implementation of effective security screening. Border check points are also
expected to emerge lucrative through coming years, in the security screening
market.
Explosive
trace detectors, currently accounting for nearly 1/4th share of the total sales of security screening systems,
will reportedly witness strong growth in demand through the coming years.
According to the report, X-Ray screening systems and biometric systems are also
highly popular among the end-use application areas in security screening
market.
The collective market value share of the aforementioned security
screening systems is just-under 50% and the report expects attractiveness of
the latter to surge – with growing adoption of fingerprint and face recognition
technologies.
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More Info: https://www.futuremarketinsights.com/reports/security-screening-market
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