The global safety inspection market is expected to reach a market size of USD 11.23 billion in 2027 and register a CAGR of 6.6% during the forecast period.
YORK CITY, NEW YORK, UNITED STATES, September 21, 2021 /EINPresswire.com/ – The Global safety inspection market is expected to reach a market size of $ 11.23 billion by 2027 and register a high CAGR during the forecast period, according to a latest report from Reports and Data. The revenue growth of the security inspection market is steadily fueled by the strong demand for security checks of bags, vehicles, people and other items at airports and railways. Security checks are necessary in secure areas to prohibit the smuggling or movement of illegal substances and items.
Advances in technology and development of advanced X-rays, electromagnetic detectors, explosives trace detectors and others are contributing to the growth of the global market. Various countries have increased their spending on safety equipment and improved their safety inspection in different verticals which are the major growth factors of the market. The increase in security measures and systems is expected to continue to contribute to the growth of the market.
Market players are investing in research and development to develop safety inspection systems such as nuclear quadrupole resonance (NQR). This technology is designed to detect explosives hidden under layers of clothing and footwear and is deployed in airports, with high deployment in countries in Europe and North America.
The impact of COVID-19:
The COVID-19 pandemic has hampered the growth of the security inspection systems market. The imposition of the lockdown has reduced the need for inspection systems, especially in transport sectors such as airports and train stations etc. However, demand is expected to gain traction after the pandemic lockdown.
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Top reasons to buy this report:
The latest report extensively studies the global safety inspection market size and elaborates on the latest market trends and developments and new product offerings.
It offers in-depth analysis of the regional landscape of the Safety Inspection market.
It offers a detailed account of the end applications of the products and services offered by this industry.
The report identifies the most effective business strategies implemented by market players for ideal business expansion.
In addition, the report explains the macroeconomic and microeconomic factors influencing the growth of the market and highlights potential investment opportunities, new and existing price structures, and application areas of emerging products in the market. global market.
Chapter 1. Market synopsis
1.1. Market definition
1.2. Scope and premise of the research
1.4. Market estimation technique
Chapter 2. Executive summary
2.1. Summary overview, 2019-2027
Chapter 3. Indicative measures
Chapter 4. Safety Inspection Market Segmentation and Impact Analysis
4.1. Safety Inspection Market Materials Segmentation Analysis
4.2. Industrial outlook
4.2.1. Analysis of market indicators
4.2.2. Market Driver Analysis
188.8.131.52. Increased demand for whole body x-ray screening systems in large facilities
184.108.40.206. Growing adoption of vehicle inspection system at border checkpoints
4.2.3. Analysis of market constraints
220.127.116.11. Prevalence of the existing safety inspection system
4.3. Technological insights
4.4. Regulatory framework
4.5. ETOP analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive metric space analysis
4.8. Price trend analysis
4.9. Customer mapping
4.10. Covid-19 impact assessment
4.11. Influence of the global recession …
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Other key findings from the report
The checkpoint filtering system through machine learning is expected to experience strong revenue growth. Body scan technologies are becoming walk-throughs instead of stop-and-scans.
The aviation segment among application segments maintained its dominance in terms of revenue share in 2019. Security inspections enable airport authorities to reduce threats to passengers, personnel and aircraft. The use of X-rays and infrared to detect contraband and illegal items passing through airports is relatively high.
Personal screening systems account for the largest share of the product segment in 2019. Rising insider threats and related efforts to screen personnel at the point of hire are driving demand for personal screening systems, especially at airports international.
North America accounted for the largest share of the security inspection market revenue in 2019. Increasing investment in defense and security is one of the major factors fueling the market growth. Market growth is driven by the strong demand for such services in the United States. For example, the US Department of Homeland Security has proposed a budget of $ 7.79 billion for the Transportation Security Administration in 2020.
The main participants are Nuctech Company Limited, Leidos, Rohde & Schwarz, Smiths Group plc, Unival Group GmBH, Rapiscan Systems, Analogic Corporation, Brucker, Astrophysics Inc. and Braun & Co. Limited.
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Reports and Data has segmented the global security inspection market on the basis of product, type, services, application, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
Control systems at checkpoints
Staff screening systems
Liquid and radioactive substance monitors
Vehicle inspection systems
Cargo and baggage inspection systems
Explosives and drug trace detection systems
Type Outlook (Revenue, Billions USD; 2017-2027)
Services Outlook (Revenue, USD Billion; 2017-2027)
Maintenance and repair services
Security advisory services
Safety training services
Installation and integration services
Application Outlook (Revenue, USD Billion; 2017-2027)
Protection of critical infrastructure
Correctional facilities and law enforcement
Regional outlook (revenue, billion USD; 2017-2027)
The rest of europe
Rest of the APAC
United Arab Emirates
Rest of the MEA
Rest of LATAM
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