Global X-Ray Security Scanner Market to Grow Over $3.4 Billion by 2023: Acumen Research and Consulting

Author: Acumen Research and Consulting

According to a new report published by Acumen Research and Consulting titled “X-Ray Security Scanner Market (By Application: People Scanning, Product Scanning; By End Use: Transit Industry, Commercial, Government) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2012-2023”, the global market for X–ray security scanners is estimated to grow at a significant rate and reach the market value of over $3.4 billion by 2023. Among the major factors responsible for this significant growth are need for increased security measures on account of increasing terrorist activities, and need for improved security at public places such as shopping malls, railway stations, airports, convention centers, hotels, etc. 
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X-ray security scanners helps in securing places and preventing the loss of human lives
The global X-ray security scanners market was valued at $2.1 billion in 2015 and is expected to witness a growth of around 5.7% during the forecast period. X-ray security scanner is an advanced technology intended for improved security of individuals, without physically removing their clothes or making physical contact. This involves security of individuals at places such as government offices, airports, railways, stadiums, public places, border checkpoints, private sectors, and others. Increased illegal and immoral practices across the globe can be reduced with the help of X-ray scanner products such as full body X-ray scanners, explosive trace detectors, electromagnetic metal detectors, biometric technology, transmission technology and others. X-ray security scanning techniques helps to securing public places and avoiding any financial or human loss.
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North America dominated the market space owing to higher expenditure on security measures
The global X-ray security scanner market is segmented based on different applications where these scanners are used and depending on the end users of these products and geographic regions. Based on end users, the market is segmented into transit industry, commercial, and government. Depending on the applications of X-ray security scanners, the market is segmented into people scanners, and product scanners. Further, based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa (MEA).  Amongst these regions, North America dominated the market in 2015 and is expected to maintain its dominance throughout the forecast period. This is attributed by the higher adoption of X-ray security scanners across government and defense sector in the region and related installation upgrades. 
X-ray security scanners find numerous applications in government segment where these are majorly used as full body scanners for detecting the possession of weapons in prohibited areas such as government offices, airports, railway stations. The government end user segment accounted for more than 40% share in the global X-ray security scanners market in 2015. Product scanning is the largest application area of X-ray security scanners. This segment accounted for more than 70% share in 2015 in the global X-ray security scanners market and is expected to maintain its leading position throughout the forecast period. 
Some of the leading players engaged in development and manufacturing of X-ray security scanners include Eurologix Security, Todd Research, Auto Clear Us, Leidos, Morpho, Rapiscan, Smiths Detection, L3 Communications, American Science and Engineering Inc. (AS&E), Scannamsc, Gilardoni SPA, Astrophysics Inc., Fiscan, Shanghai Eastimage Equipment Co. Ltd., Hamamatsu Photonics, Shanghai Gaojing Radiography Technology Co. Ltd., Nuctech Company Limited, Pony Industry Co. Ltd., and Vidisco Ltd. among others.
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