Market Size of Security Screening Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 7.61 Billion |
Market Size (2029) | USD 10.45 Billion |
CAGR (2024 - 2029) | 6.57 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia-Pacific |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Security Screening Market Analysis
The Security Screening Market size is estimated at USD 7.61 billion in 2024, and is expected to reach USD 10.45 billion by 2029, growing at a CAGR of 6.57% during the forecast period (2024-2029).
- As the threat of terror attacks on public and critical infrastructure continues to rise, security screening has become increasingly important in various sectors, such as airports, border checkpoints, and government organizations. To address this, many countries have increased their spending on new security equipment, which has driven the demand for advanced security screening systems. Automated security scanning solutions such as CT and vehicular scanners are being adopted by governments worldwide to detect narcotics, drugs, explosives, and other banned substances.
- The growth in the number of passengers and international trade has also positively impacted the amount of cargo carried by the airline industry each year. Although the pandemic has had a restraining impact on this growth, global cargo traffic is expected to increase significantly during the forecast period. However, the higher cost of advanced security solutions and the need for a skilled workforce to operate and maintain these systems present challenges to the market's growth. Health concerns related to security scanners are also a major challenge that must be addressed.
- Despite these challenges, the aviation industry is expected to witness an upward growth trend post-pandemic. Air freight traffic is expected to grow, and the construction of new airports is expected to gain traction in the post-COVID-19 period. The pandemic is expected to play a crucial role in the design of new airports and commercial places, prioritizing touchless technology, adaptability, and public health protection, among other changes, creating a supportive growth outlook for the market.
Security Screening Industry Segmentation
Security screening refers to the procedure whereby baggage, mail and parcels, cargo, and vehicles, among others, are electronically screened at a transportation hub or a facility before it is allowed to proceed further. X-ray, CT-based, neutron sensing, and detection are some techniques through which security scanning is performed in the market.
The security screening market is segmented by detection technology (x-ray, ct-based, neutron sensing and detection), application (mail and parcel, baggage scanning, cargo and vehicle inspection, and explosives and narcotics), end user (airports, ports and borders, defense, critical infrastructure, commercial and law enforcement), and geography (North America (United States, Canada), Europe (United Kingdom, Germany, France, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia Pacific), Rest of the World). The market sizes and forecasts are provided in terms of value (USD) for all the segments.
By Detection Technology | |
X-ray | |
CT-based | |
Neutron Sensing and Detection | |
Others Detection Technologies |
By Application | |
Mail and Parcel | |
Baggage Scanning | |
Cargo and Vehicle Inspection | |
Explosives and Narcotics |
By End User | |
Airports | |
Ports and Borders | |
Defense | |
Critical Infrastructure | |
Commercial | |
Law Enforcement and Transportation |
By Geography | ||||||
| ||||||
| ||||||
| ||||||
Rest of the World |
Security Screening Market Size Summary
The security screening market is poised for significant growth as the demand for advanced security solutions escalates across various sectors, including aviation, border control, and government facilities. The increasing threat of terrorism and the rise in international trade and passenger traffic have necessitated the adoption of sophisticated security screening systems. Automated technologies, such as CT and vehicular scanners, are being widely implemented to enhance the detection of prohibited items. Despite challenges such as the high cost of these technologies and the need for skilled personnel, the market is expected to expand, driven by the aviation industry's recovery and the construction of new airports with a focus on public health and safety.
The market landscape is characterized by intense competition among key players like Smiths Detection Inc., OSI Systems Inc., and 3DX-RAY Inc., who are continually innovating to meet the growing demand for security screening solutions. Recent advancements include the introduction of AI-based systems and enhanced detection capabilities for explosives and narcotics. Regions such as China, India, Japan, and Australia are witnessing increased investments in security infrastructure, further propelling market growth. The ongoing development of critical infrastructure and the implementation of stringent security standards by international authorities are expected to sustain the upward trajectory of the security screening market in the coming years.
Security Screening Market Size - Table of Contents
-
1. MARKET INSIGHTS
-
1.1 Market Overview
-
1.2 Industry Attractiveness - Porter's Five Forces Analysis
-
1.2.1 Bargaining Power of Suppliers
-
1.2.2 Bargaining Power of Buyers
-
1.2.3 Threat of New Entrants
-
1.2.4 Threat of Substitute Products
-
1.2.5 Degree of Competition
-
-
1.3 Impact of COVID-19 on the Industry
-
-
2. MARKET SEGMENTATION
-
2.1 By Detection Technology
-
2.1.1 X-ray
-
2.1.2 CT-based
-
2.1.3 Neutron Sensing and Detection
-
2.1.4 Others Detection Technologies
-
-
2.2 By Application
-
2.2.1 Mail and Parcel
-
2.2.2 Baggage Scanning
-
2.2.3 Cargo and Vehicle Inspection
-
2.2.4 Explosives and Narcotics
-
-
2.3 By End User
-
2.3.1 Airports
-
2.3.2 Ports and Borders
-
2.3.3 Defense
-
2.3.4 Critical Infrastructure
-
2.3.5 Commercial
-
2.3.6 Law Enforcement and Transportation
-
-
2.4 By Geography
-
2.4.1 North America
-
2.4.1.1 United States
-
2.4.1.2 Canada
-
-
2.4.2 Europe
-
2.4.2.1 United Kingdom
-
2.4.2.2 Germany
-
2.4.2.3 France
-
2.4.2.4 Rest of Europe
-
-
2.4.3 Asia Pacific
-
2.4.3.1 China
-
2.4.3.2 India
-
2.4.3.3 Japan
-
2.4.3.4 Rest of Asia Pacific
-
-
2.4.4 Rest of the World
-
-
Security Screening Market Size FAQs
How big is the Security Screening Market?
The Security Screening Market size is expected to reach USD 7.61 billion in 2024 and grow at a CAGR of 6.57% to reach USD 10.45 billion by 2029.
What is the current Security Screening Market size?
In 2024, the Security Screening Market size is expected to reach USD 7.61 billion.