According to our latest market study on “Security Inspection Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Product Type and Application,” the market was valued at US$ 7,305.6 million in 2021 and is projected to reach US$ 11041.0 million by 2027; it is expected to grow at a CAGR of 6.7% from 2020 to 2027.
Global Security Inspection Market Insight:
The key factors driving the security inspection market are an increase in the adoption of vehicle inspection systems across border checkpoints, the surge in demand for full-body X-ray screening systems across airports, railways, shopping malls, banks, country borders, and others. The vendors have a huge opportunity by offering automated security scanning and integration of artificial intelligence with security inspection systems. The various technologies used for security inspection are biometric technologies, X-rays, explosive trace detectors, electromagnetic detectors, and others. The advancements in technology are creating a lucrative opportunity for companies offering security inspection system.
Companies are developing new applications such as Nuclear Quadrapole Resonance (NQR). Owing to rising trade through roadways and surge in intercity travel among the global population the governments of various countries are implementing security measures across borders to avoid illegal entry of people or materials. The adoption of vehicle inspection system enables the border security team to check all vehicles crossing borders without involving manpower.
The Key Players In The Global Market Are:
- Adani Group
- Analogic Corporation
- C.E.I.A. SpA
- EAS Envimet Analytical Systems Ges.m.b.H.
- Gilardoni S.p.A.
- Nuctech Company
- OSI Systems
- Smiths Group
- Unival Group GmBH
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The report segments the global Market as follows:
By Product Type (Personnel Screening Systems, Cargo and Baggage Inspection Systems, Vehicle Inspection Systems, and Others);
By Application (Aviation, Border Security, Critical Infrastructure Protection, Commercial Security, and Others);
Answers that the report acknowledges:
- Market size and growth rate during forecast period.
- Key factors driving the Market.
- Key market trends cracking up the growth of the Market
- Challenges to market growth.
- Key vendors of Security Inspection Market
- Detailed SWOT analysis.
- Opportunities and threats faces by the existing vendors in Global Security Inspection Market
- Trending factors influencing the market in the geographical regions.
- Strategic initiatives focusing the leading vendors.
- PEST analysis of the market in the five major region
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