The global security screening equipment market is anticipated to grow at a considerable CAGR of 6.0% during the forecast period (2023-2030). In recent years, security concerns have become a top priority for governments, businesses, and individuals globally. With increasing threats of terrorism and cross-border security threats, the need for robust security measures has become more critical than ever. As a result, the security screening equipment market has been witnessing significant growth, driven by rising investments in infrastructure development and security measures. Governments across the globe are increasingly investing in infrastructure development and security measures to enhance security and safety. For instance, in February 2023, The Federal Aviation Administration (FAA), announced the allocation of nearly $1 billion under the Bipartisan Infrastructure Law to 99 airports across the country.
Browse the full report description of “Security Screening Equipment Market Size, Share & Trends Analysis Report by Product Type (Walk-through Metal Detector, Hand-held Metal Detector, Explosives Trace Detection, Explosives Trace Portal, Explosives Detection System, Liquid Container Screening, and Threat Image Projection (TIP) Systems), and by Application (Airports, Government Buildings, Commercial and Public Spaces, Residential, Military and Defense, and Others) Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/security-screening-equipment-market
The funding helps meet the growing demand for air travel and invests in key areas to help get travelers in and out of airports more quickly and improve the passenger experience by investing in new baggage systems, larger security checkpoints, and improved ground transportation. The investments will go to airports in 47 states and two territories. Earlier in March 2019, the Transportation Security Administration made a $96.8 million investment in computed tomography (CT) technology, which provides enhanced screening capabilities and reduces the need for physical pat-downs and bag searches. This investment demonstrates the government's commitment to enhancing security measures and the significant role of advanced security screening equipment in achieving this goal.
In addition to government investments, businesses, and organizations are also investing in security measures to protect their assets and ensure the safety of their employees and customers. For instance, in the banking sector, banks are investing in advanced security screening equipment, including biometric authentication systems and surveillance cameras, to prevent fraud and enhance security. Similarly, in the education sector, schools and universities are investing in security screening equipment, including metal detectors and X-ray scanners, to enhance campus security and prevent threats.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Product Type
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including Smiths Detection Group Ltd., L3Harris Technologies, Nuctech Company Ltd., KetechDefence Ltd., Point Security, Inc., and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Security Screening Equipment Market Report Segment
By Product Type
By Application
Global Security Screening EquipmentMarket Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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