X-Ray Security Scanner Market Global Key Players, Competitive Strategies, and Industry Size
The factors that are playing a major role in the growth of the market are growing e-commerce industry resulting in increased cross-border transactions, increasing global air passenger traffic, developing airport infrastructure with enhanced technology, and evolving and persistent attacks that result in loss of human life.
(firmenpresse) - Global X-Ray Security Scanner Market is expected to grow at a CAGR of 7.6% in the upcoming period as the scope and its applications are rising enormously across the globe. X-Ray security scanner is a mechanical machine that scans for harmful metal, organic, and inorganic materials. The machines spot hazardous items by looking at the atomic number and the mass density of the substances of the materials that pass through it. Dissimilar materials absorb rays at different levels. Organic objects will appear as orange. X-Ray baggage and X-Ray body scanners help keep assets, facility, and passenger
The factors that are playing a major role in the growth of the market are growing e-commerce industry resulting in increased cross-border transactions, increasing global air passenger traffic, developing airport infrastructure with enhanced technology, and evolving and persistent attacks that result in loss of human life. However, concern related to X-Ray radiation may restrain overall market growth in the years to come. X-Ray security scanner market is segmented based on product type, end-user, and region.
Baggage scanner, body scanner, and others could be explored in X-Ray security scanner in the forecast period. The body scanner sector accounted for the substantial market share of X-Ray security scanner and is estimated to continue its dominance in the years to come.
The market could be categorized based on end-users like postal items, air transport, government & banks, land security, commercial malls & multiplexes, and others that could be explored in the forecast period. Air transport sector accounted for the substantial market share of X-Ray security scanner and is estimated to lead the overall market in the years to come. The reason could be developing infrastructure with the latest technology and high investment by countries across the globe on airport infrastructure. Also, commercial mall & multiplexes sector is estimated to grow at the fastest pace in the years to come.
Globally, North America accounted for the substantial market share of X-Ray security scanner and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be higher expenditure on security measures, the presence of key manufacturers in this region, and high demand from defense and government sector. The United States and Canada are the major consumers of x-ray security scanner in this region.
Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The aspects that may be ascribed to the growth comprise government initiatives like high funding for developing enhanced airport infrastructure, growing middle-class populace, and developing infrastructure in developing countries like India and China.
The key players of X-Ray security scanner market are TELEDYNE ICM, Astrophysics, Inc., Smiths Detection Inc., ADANI, Kromek Group plc, Eurologix Security Group, Gilardoni S.p.A., L3 Security & Detection Systems, OSI Systems, Inc., and NUCTECH COMPANY LIMITED. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
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Datum: 22.08.2019 - 05:23 Uhr
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