In 2014, the global x-ray security screening market was evaluated around USD 1.84 billion and is expected to reach approximately USD 2.87 billion by 2023 while registering itself at a compound annual growth rate (CAGR) of 5.08% over the forecast period owing to increased implementation to screen products/baggage and people for detection of explosives, weapons, chemicals, drugs, etc.

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Industry Trend Analysis:
The x-ray security systems are utilized in the aviation industry, commercial areas, and government sector like institutes, banks, hotels, shopping malls, etc. X-ray security screening devices can examine and detect an object within underneath person’s clothing or baggage efficiently and are vastly adopted over the aviation division. Security checkpoints act as a crucial point for ensuring security and safety at border crossing points, which is frequently the initial defense line against the penetration of illegal weapons, threats, drugs, explosives, contraband, and immigrants. Also, border security has achieved major importance due to the global terrorism and is also anticipated to boost the market demand during the forecast years. The global x-ray security screening industry has developed rapidly, and incorporation of innovative technologies has turned the x-ray security screening safe, fast, and easy-to-use. The abovementioned factors have extended the range of x-ray security screening systems further than industrial usage. Technological developments in hardware like sources, detectors, and software upgrades as well as tubes have bestowed considerably towards improving the x-ray security systems efficiency. Currently, upgrading offered security screening devices provides growth avenues for the global x-ray security screening market. Though, ionizing radiations are referred to be carcinogenic and might hinder the global x-ray security screening industry. Skin cancer is anticipated to be a major concern.

End-user Outlook and Trend Analysis:
The transit section is anticipated to experience significant growth during the forecast years due to growing number of passengers. The aviation segment is intensifying with the rise in a number of passengers globally and takes attempts to keep speed with developing travel atmosphere by adopting numerous security standards, which is also anticipated to propel the global x-ray security screening industry during the approaching years. Expansion of flexible x-ray security screening systems in an attempt to counter the terror threats is also expected to boost industry demand. The rise in air travel demand has ensued in aviation and government authorities enforcing strict safety standards to counter threat and risks while abbreviating the difficulty for the passengers. Moreover, civil aviation segment growth over Russia, the Middle East, and Asia Pacific presents growth opportunities for the global x-ray security screening market.

Application Outlook and Trend Analysis:
In 2013, product screening section appeared as the leading application section and reported for around 60% of the total market revenue during the same year. Product screening mainly includes parcel/mail, cargo, baggage screening. Product screening systems are being used over the aviation division as well seaports ever more. Growing incidences of human and weapon trafficking, the drug appear to be a severe threat and render growth opportunities for the global x-ray security screening industry.

Regional Outlook and Trend Analysis:
The North American regional market appeared as the leading regional market throughout the forecast years. This drift is anticipated to continue during the projected period owing to the installation upgrades and the speedy adoption over the government sector. X-ray scanners are extremely famous with the Defense division, which is anticipated to boost the regional market demand throughout the forecast years. The European region is also projected to observe significant growth during the projected period. The need of improving border security and protect the people from any terror attacks renders market growth opportunities.

Competitive Outlook and Trend Analysis:
The global x-ray security screening market is fused with some key players reporting for approximately 55% of the global market share during 2013. The major industry players include Adani Systems, OSI Systems (Rapiscan), Astrophysics, Inc., 3DX-Ray, Smith Detection, Auto Clear US, Gilardoni, Eurologix Security, Kapri, American Science and Engineering (AS&E), L3 Technologies, Analogic Corporation and Morpho Detection. This market faces numerous challenges due to government regulations, production disruptions, and supply-related delays. Increased R&D funding, vertical integration and technological developments are a few major strategies for the market growth.

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The global x-ray security screening market is segmented as follows –
By End-user
Transit
Commercial
Government

By Application:
Product Screening
People Screening

Research Methodology:
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

Market Classification:
X-Ray Security Screening System Market, By End User, Estimates and Forecast, 2014-2023 ($Million)
Product Screening
People Screening

X-Ray Security Screening System Market, By Application, Estimates and Forecast, 2014-2023 ($Million)
Commercial
Government
Transit Industry

Data Mining:
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

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