Market Overview:
The global security inspection equipment market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing terrorist threats and rising crime rates across the globe. Additionally, the increasing adoption of security inspection equipment by airports, subway stations, stadiums, and other commercial establishments is also contributing to the growth of this market. The global security inspection equipment market can be segmented on the basis of type into fixed and portable security inspection equipment. The fixed type segment is expected to hold a larger share in this market owing to its high installation cost as compared to portable security inspection equipment. However, with technological advancements and declining prices of portable security inspection devices, this segment is projected to witness moderate growth during the forecast period.
Product Definition:
Security inspection equipment is used to inspect items for security purposes. This may include looking for hidden weapons or explosives, or checking for contraband items. Security inspection equipment is important because it helps ensure that people and items are safe in a variety of settings.
Fixed:
The global Fixed, it's usage and growth factor in the security inspection equipment market size was valued at USD 2.5 billion in 2015. The increasing need for safety & security across the globe is expected to drive demand over the forecast period. Technological advancements coupled with growing adoption of automated screening devices are also anticipated to fuel industry expansion over the next few years.
Portable:
Portable is a tool that enables the user to scan an area for hidden objects, people or things. It can be used in various applications such as military intelligence, law enforcement and security inspection. The market size spans over technology (sensor), application (metal detectors) and type of product (infrared detector). Technological advancements have led to the development of advanced products with better detection capabilities which are expected to drive market growth over the forecast period.
Application Insights:
The others application segment accounted for the largest market share in 2017 and is anticipated to grow at a significant rate over the forecast period. This can be attributed to an increase in demand from industrial applications such as warehouse security, retail storeroom security, government facilities among others. The globalSIUE equipment finds wide application across airport, subway, stadium and other types of secure areas where high accuracy in identification is required.
Airport is expected to be the fastest-growing segment owing to rising air travelers worldwide coupled with favorable government policies aimed at improving airport infrastructure globally. For instance, China¢â‚¬â„¢s plan for building 100 new airports by 2020 has been considered a key driver for industry growth there over the forecast period due to increasing air travelers coming from all over Asia Pacific region including China itself which will eventually boost product demand globally through 2030s-2040s as well.
Regional Analysis:
North America accounted for the largest revenue share in 2017. The U.S., in particular, is one of the most surveilled countries globally with a high number of security cameras and other such monitoring systems across various locations, including airports, sports stadiums/arenas and other public areas. This has resulted in an increased demand for global security inspection equipment market over the forecast period.
Asia Pacific is expected to be one of the fastest-growing regional markets from 2018 to 2030 owing to increasing terrorist threats across major cities such as Delhi, Mumbai (Bombay), Bangalore and Hyderabad (Deccan).
Growth Factors:
- Increasing demand for security inspection in airports, seaports, and other transportation facilities
- Proliferation of terrorist activities and threats across the globe
- Stringent government regulations for safety and security in public places
- Growing need for advanced security inspection technologies to detect explosives and other contraband items
- Rising investments by businesses to secure their premises from potential threats
Scope Of The Report
Report Attributes
Report Details
Report Title
Security Inspection Equipment Market Research Report
By Type
Fixed, Portable
By Application
Airport, Subway, Stadium, Others
By Companies
Astrophysics, Smiths Detection, Garrett, C.E.I.A., Rapiscan Systems
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
163
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Security Inspection Equipment Market Report Segments:
The global Security Inspection Equipment market is segmented on the basis of:
Types
Fixed, Portable
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Airport, Subway, Stadium, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Astrophysics
- Smiths Detection
- Garrett
- C.E.I.A.
- Rapiscan Systems
Highlights of The Security Inspection Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fixed
- Portable
- By Application:
- Airport
- Subway
- Stadium
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Security Inspection Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Security inspection equipment is a type of security system that uses technology to inspect items for potential threats. This can include things like scanning for viruses, checking for unauthorized access, and identifying suspicious objects.
Some of the major players in the security inspection equipment market are Astrophysics, Smiths Detection, Garrett, C.E.I.A., Rapiscan Systems.
The security inspection equipment market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Security Inspection Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Security Inspection Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Security Inspection Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Security Inspection Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Security Inspection Equipment Market Size & Forecast, 2018-2028
4.5.1 Security Inspection Equipment Market Size and Y-o-Y Growth
4.5.2 Security Inspection Equipment Market Absolute $ Opportunity
Chapter 5 Global Security Inspection Equipment Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Security Inspection Equipment Market Size Forecast by Type
5.2.1 Fixed
5.2.2 Portable
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Security Inspection Equipment Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Security Inspection Equipment Market Size Forecast by Applications
6.2.1 Airport
6.2.2 Subway
6.2.3 Stadium
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Security Inspection Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Security Inspection Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Security Inspection Equipment Analysis and Forecast
9.1 Introduction
9.2 North America Security Inspection Equipment Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Security Inspection Equipment Market Size Forecast by Type
9.6.1 Fixed
9.6.2 Portable
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Security Inspection Equipment Market Size Forecast by Applications
9.10.1 Airport
9.10.2 Subway
9.10.3 Stadium
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Security Inspection Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe Security Inspection Equipment Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Security Inspection Equipment Market Size Forecast by Type
10.6.1 Fixed
10.6.2 Portable
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Security Inspection Equipment Market Size Forecast by Applications
10.10.1 Airport
10.10.2 Subway
10.10.3 Stadium
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Security Inspection Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Security Inspection Equipment Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Security Inspection Equipment Market Size Forecast by Type
11.6.1 Fixed
11.6.2 Portable
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Security Inspection Equipment Market Size Forecast by Applications
11.10.1 Airport
11.10.2 Subway
11.10.3 Stadium
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Security Inspection Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America Security Inspection Equipment Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Security Inspection Equipment Market Size Forecast by Type
12.6.1 Fixed
12.6.2 Portable
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Security Inspection Equipment Market Size Forecast by Applications
12.10.1 Airport
12.10.2 Subway
12.10.3 Stadium
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Security Inspection Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Security Inspection Equipment Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Security Inspection Equipment Market Size Forecast by Type
13.6.1 Fixed
13.6.2 Portable
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Security Inspection Equipment Market Size Forecast by Applications
13.10.1 Airport
13.10.2 Subway
13.10.3 Stadium
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Security Inspection Equipment Market: Competitive Dashboard
14.2 Global Security Inspection Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Astrophysics
14.3.2 Smiths Detection
14.3.3 Garrett
14.3.4 C.E.I.A.
14.3.5 Rapiscan Systems
