(MENAFN- America News Hour) In a recent published report, Kenneth Research has updated the market report for X-ray Security Screening System Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for X-ray Security Screening System Market products.
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Kenneth Research has recently published a report on 'X-ray Security Screening System Market' which has been added into its pool of market research reports. The report provides a full assessment on the micro- and macro-environmental factors associated with the growth of the market by utilizing analytical tools such as Porter's five forces analysis and PESTEL analysis. Readers reading this report can find a comprehensive analysis on the growth prospects of the market, along with the potential business opportunities and the latest trends in the industry. Moreover, the study on X-ray Security Screening System Market focuses on the latest business dynamics, market challenges and growth drivers that are influencing the market growth, along with the market size and the compounded average growth rate (CAGR) for the forecast period 2021 2025.
We forecast a robust comeback of the X-ray security screening market, against the backdrop of doom and gloom predictions by some managers and analysts, generating a solid 2016-2021 CAGR of 6.7%.
The X-ray security screening system market growth is driven by the following:
The ISIS-inspired terror attacks in London, Manchester, Berlin, Paris, Brussels, Nice, Istanbul, the Middle East, Africa and the U.S.A., drove governments to overhaul their counter terror infrastructure and funding
The election of Donald Trump as U.S. president, promising throughout his campaign a tough fight against Islamist extremism terror at home and abroad and to invest in law and order (e.g.,“I am the law-and-order candidate”), will boost the federal U.S. X-Ray security screening-related legislation and budgets
The Final Report will cover the impact analysis of COVID-19 on this industry:
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President Trump's 2018 budget (published in May 2017) will increase the federal X-ray security screening related budgets
During the past 3 years, explosive-based terror attacks accounted for 56% of over 36,000 worldwide terror attacks
Transportation Security – the projected 2015-2021 5% air passengers and cargo CAGR will increase airport security X-ray market
Growth of the Asia-Pacific airport industry markets that increase airport security spending
The need to replace or upgrade 60,000 outdated X-ray screening systems with state-of-the-art systems
The 2016 supply side X-ray industry consolidation (Smiths Group acquired Morpho Detection and OSI Systems acquired AS&E) will moderate the industry's price competition
According to HSRC's“X-ray Baggage, Cargo, People, Container & Vehicle Screening Systems: Global Market – 2017-2021” report, the global X-ray security screening market revenues (including systems sales, aftersales services and upgrades) are forecast to grow by 48% during the report period. With 3 volumes, 727 pages, 147 tables and 253 figures, the new report is the most comprehensive review of the multibillion-dollar global X-ray security screening market, industry and technology trends published to date.
The market report is segmented into 240 submarkets, compared with 89 submarkets in X-ray detector market reports that we have previously published. Furthermore, for the 1st time, this X-ray Security report includes data & analysis of the X-ray container & vehicle screening technologies and markets. The X-ray security screening report examines each dollar spent in the X-ray detector market via 5 orthogonal money trails:
By 5 Regional X-ray Security Markets:
North America
Latin America
Europe
Middle East and Africa
Asia-Pacific
By 34 National X-Ray Security Markets:
U.S.
Canada
UK
Germany
Belgium
France
Spain
Italy
Poland
Russia
Sweden
Netherlands
Denmark
Rest of Europe
Turkey
Israel
Saudi Arabia
Qatar
UAE
Kuwait
Bahrain
Nigeria
South Africa
Iraq
Rest of MEA
India
China
South Korea
Japan
Malaysia
Indonesia
Australia
Singapore
Rest of Asia-Pacific
By 6 Vertical X-ray Security Markets:
Aviation Security
Land Transportation Security (Vehicle X-ray)
Maritime Security
Secured Perimeters & Buildings
Postal Items
Defense
By 6 Technology X-Ray Security Markets:
Container-Vehicle Screening Systems
1st Responders X-ray Systems
Small Aperture X-ray Systems
Medium Aperture X-ray Systems
Cargo Screening Systems – Cargo X Ray
People Screening (AIT) and Other Markets
By 4 Revenue Sources:
System Sales
Aftersale Revenues
Planning & Consulting Services
Training Services
This X-ray Baggage, Cargo, People, Container & Vehicle Screening Systems: Global Market – 2017-2021 report is a valuable resource for executives with interests in the industry. It has been explicitly customized for industry and urban decision-makers to enable them to identify business opportunities, emerging technologies, market trends and risks, as well as to benchmark business plans.
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Questions answered in this 3-volume 727-page report include:
What will the market size be in 2016-2021?
What are the main X ray security screening technology trends?
Where and what are the market opportunities?
What are the market drivers and inhibitors?
Who are the key vendors?
What are the challenges to the X ray security screening market?
The X-ray Baggage, Cargo, People, Container & Vehicle Screening Systems: Global Market – 2017-2021 report presents in 727 pages, 147 tables and 253 figures, analysis of current and pipeline technologies and 24 leading vendors. The report, granulated into 12 vertical and horizontal submarkets, presents for each submarket 2015 data, 2016 estimated and the 2017-2021 projected market and technologies from several perspectives, including:
Business opportunities and challenges
SWOT analysis
Market analysis (e.g., market dynamics, market drivers and inhibitors)
The report also presents:
U.S. Government prices of more than 120 X-ray screening products
26 current and pipeline technologies:
Conventional 2D X-ray, Dual Energy X-ray, Quasi Dual Energy X-ray, Dual view LINAC-based container – vehicle screening systems, Variable View X-ray, Quasi 3-D Dual View Dual-Energy X-ray Imaging, Backscatter Screening, Coherent Scatter 2D X-ray, X-ray Diffraction, Single Photon Counting Based Dual-energy X-ray Screening, Dual energy LINAC-based container – vehicle screening systems, Multiple Beam Based X-ray Diffraction Explosives Detection, Advanced 2D Dual X-ray Backscatter Screening, Cabinet X-Ray Imaging, Small Angle Scattering with an X-ray Grating Interferometer Improvised Explosives Detection, Fused X-ray, Single view LINAC-based Container – Vehicle Screening Systems, Dual view LINAC-based Container – Vehicle Screening Systems, Dual view, Dual energy LINAC-based Container – Vehicle Screening Systems, Dual view Dual energy LINAC-based Container – Vehicle Screening Systems, Dual view, Dual energy LINAC-based Container – Vehicle Screening Systems, ,Single view Gamma-based Container – Vehicle Screening Systems, Dual energy X-ray postal items Screening Systems. Single energy X-ray postal items Screening Systems
24 Vendors:
3DX-RAY, Adani, American Science and Engineering, Analyzed Images, Astrophysics Inc., Auto Clear U.S., EG&G, Eurologix Security Ltd, Gilardoni SpA, L-3 Communications Security & Detection Systems, Leidos, Inc, LIXI Inc, MINXRAY Inc., Morpho Detection, NUCTECH Co. Ltd, Optosecurity, OSI Systems, Rapiscan Systems, Inc., SAIC, SCANNA MSC Ltd., Smiths Detection, Todd Research Ltd., Vidisco Ltd., Westminster International
For readers who wish to acquire more information: the report includes 13 in-depth appendices:
Appendix A: Current X-ray Baggage, Cargo, People, Container & Vehicle Screening Technologies
Appendix B: IATA Checkpoint of the Future: Main Concepts
Appendix C: Business & Technological Opportunities & Challenges
Appendix D: The X-ray Security Screening Market
Appendix E: X-ray Security Systems Industry: Business Models & Strategies
Appendix F: Cargo Facility Regulations
Appendix G: Air Cargo Approved X-Ray Screening Systems (ACSTL)
Appendix H: Authorized Air-Cargo Screening Facilities Roster
Appendix I: IATA, Boeing & ICAO Air Travel and Air Cargo Forecast to 2034
Appendix J: IATA Airport Screening Checkpoints Recommended
Appendix K: Israel Ben Gurion Airport Security Procedures
Appendix L: Improvised Explosives & Military Explosives
Appendix M: Glossary
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Darlene Dooley is a research expert and freelance writer. She is very dedicated towards her work and writing. She enjoys to write on current news on any industry and conclude the news with highly professional report. She has almost 8 years of experience in the same field. She has strong professional skill in Market research, Business Strategies, online marketing, Industry analysis interested in innovative and trending technologies.
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