(MENAFN- EIN Presswire)
Urban Security Screening Market
OREGAON, PORTLAND, UNITED STATES, September 2, 2022 /EINPresswire.com / -- Allied Market Research recently published a report, titled, 'Urban Security Screening Market by Product Type (Baggage Scanners, Vehicle Scanners, Cargo Scanners, CBRN Detection, Explosive/narcotics Detectors, Trace Detectors), by End Use (Government Buildings, Airports, Educational Institutes, Public Places, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031.' As per the report, the global urban security screening industry was estimated at $8.6 billion in 2021, and is set to reach $22.3 billion by 2031, growing at a CAGR of 10.1% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.
Download Report (250+ Pages PDF with Insights, Charts, Tables, Figures):
Drivers, restraints, and opportunities
Rise in the smart cities increased demand for security systems at airports, thereby boosting the growth of the global urban security screening market. Furthermore, the advent of industry 4.0 and digitization will drive global market growth. An increase in the use of urban security screening for detecting land mines and weapons including knives, guns, and blades will open new growth avenues for the global industry. However, huge costs related to urban security products and high installation, production, and maintenance charges of urban security screening equipment can hinder the growth of the global market.
Covid-19 scenario:
The COVID-19 pandemic impacted the expansion of the global urban security screening market due to the effect of the pandemic on key players operating in the supply chain.
Low availability of skilled workforce and delay or cancellation of projects due to lockdown imposed by the government to curb the spread of COVID-19 hindered the global market surge.
The baggage scanners segment to dominate the global market in terms of revenue by 2031
Based on the product type, the baggage scanners segment contributed to the highest market share in 2021, accounting for more than one-fourth of the global urban security screening market. The segment is predicted to contribute majorly toward an overall market share in 2031. The growth of the segment over the forecast period can be attributed to the lucrative use of baggage scanners in screening activities at airports, railway stations, hotels, metro stations, multiplexes, and cinema theatres. However, the explosive/ narcotics segment is predicted to register the fastest CAGR of nearly 11.67% from 2022 to 2031. The segmental growth can be credited to the need for identifying and detecting a wide range of explosives. The report also provides an overall analysis of the segments such as vehicle scanners, cargo scanners, CBRN detection, and trace detectors.
Specific Requirement on COVID-19? Ask to Our Industry Expert:
The educational institutes segment to contribute the highest CAGR of 12.14% Over 2022-2031
On basis of end use, the educational institutes segment is set to register the highest CAGR of 12.14% over the forecast period. The highest growth rate of the segment can be credited to the high demand for security and safety for students and staff. Furthermore, the need for screening students for preventing them from carrying harmful objects such as sharp items and knives with them will boost the growth of the segment during the assessment period. However, the airports segment contributed a major share toward the global urban security screening market in 2021, accounting for nearly one-fourth of the global market share. The growth of the segment can be attributed to the presence of artificial intelligence methods for automatic object recognition for aviation security. The report also provides an overall analysis of the segments such as government buildings, public places, and others.
The Asia-Pacific region to maintain dominant status over 2022-2031
Based on the region, Asia-Pacific contributed notably toward the global urban security screening market share in 2021, and is projected to continue its dominance during the forecast period. The region accounted for nearly half of the global market share in 2021. Furthermore, the region is predicted to record the highest CAGR of 10.98% over the forecast timeline. The growth of the regional market over the projected timeline can be credited to the increase in the number of airports. Furthermore, the swift growth of the infrastructure sector in the region is anticipated to prop up the security screening in the foreseeable future, thereby driving the regional market trends.
Major market players
Smiths Group plc
Astrophysics Inc.
Rapiscan Systems
Autoclear
Ledios,
Nuctech Company Limited
Hitachi, Ltd
Environics, Inc.
Proengine
Bruker Daltonics
Bruker daltonics
Thermofisher
Thruvision
The report analyzes these key players in the global urban security screening market. These players have implemented key business strategies such as strategic expansion, new product launches, alliances, and joint ventures for enhancing market penetration and reinforcing their position in the industry. The report helps the target audience in determining the market performance, performance of each segment, product portfolio development in the market, and contributions made by each player to the market growth.
Urban Security Screening Market Segments:
Product Type
Trace Detectors
Baggage Scanners
Vehicle Scanners
Cargo Scanners
CBRN Detection
Explosive/narcotics Detectors
End Use
Government Buildings
Airports
Educational Institutes
Public Places
Others
Avenue Basic Plan | Library Access | 1 Year Subscription | Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.
Request for 14 days free trial:
'We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market.'
Trending Reports:
High Frequency Transformer Market
Digital Twin Market
Data Analytics in Banking Market
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of 'Market Research Reports' and 'Business Intelligence Solutions.'
David Correa
Allied Analytics LLP
+1 800-792-5285
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn
MENAFN02092022003118003196ID1104800920
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.