Europe Security Screening Market
No. of Pages: 156 | Report Code: TIPRE00006475 | Category: Electronics and Semiconductor
No. of Pages: 156 | Report Code: TIPRE00006475 | Category: Electronics and Semiconductor
Security screening market in Europe is expected to grow from US$ 1.51 Bn in 2018 to US$ 2.59 Bn by the year 2027 with a CAGR of 5.8% from the year 2019 to 2027.
The expansion of airport infrastructure owing to the increase in the air passenger traffic and unexpected incidences that resulted in terrorist attacks due to weak security are the key factors driving the growth of the security screening market. Moreover, the increasing development of urban infrastructure is anticipated to boost the security screening market growth in the near future. However, Apprehensions around X-ray radiation impacts on health, limiting the growth and Discrepancies in the Security Sector are the factors that are hampering the growth of security screening market. Owing to the health concerns due to radiations released by full-body x-ray scanners that can cause cancer, the deployment of these scanners is restricted to certain limitations. Several governments do not support the use of these scanners and have banned them in their country. For instance, the European Union banned the use of X-ray for body scanning from all the European airports. However, alternative body scanners such as millimeter-wave scanners are used at the airports in the region as they do not emit harmful radiations.
Security screening helps in acquiring real-time information of an individual, baggage, cargo, and vehicle when passes or comes in contact with screening equipment. Security screening market by application is segmented by border checkpoint, airport, government, public places, and others. Further, other applications include private offices, educational institutes & universities, stadiums, museums, and seaports. The airport segment led the security screening market in the year 2018 with the highest market share and is expected to flourish its dominance during the forecast period. On the other hand, the government segment is anticipated to be the fastest-growing segment in the security screening market by the application during the forecast period. Generally, terrorists, as well as thieves, are the major threats to government security. In August 2017, a government agency in Singapore upgraded 17 X-ray scanners at several checkpoints across the city. Also, in December 2017, Astrophysics, Inc. deployed X-ray equipment at the Metropolitan Water District’s Los Angeles, California headquarters. Owing to this, the security screening market is anticipated to gain significant growth in government sector in the forecast period.
The UK dominated the security screening market in 2018 and is expected to dominate the market with the highest share in the Europe region through the forecast period. Several airports in the UK are witnessing expansion. For instance, the Manchester Airport Transformation Programme that is focused on expanding the size of the airport’s terminal. Also, in July 2017, Smiths Detection LLC announced to receive a second contract to provide 11 additional CTX 9800 DSi EDS to Gatwick Airport. Further, the company also stated that it is set to install over 100 Standard 3 approved CT EDS in the UK. These initiatives in the expansion of airports in the country are contributing to the security screening market growth. The figure given below highlights the revenue share of the rest of Europe in the security screening market in the forecast period:
Strategic insights for the Europe Security Screening provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 1.51 Billion |
| Market Size by 2027 | US$ 2.59 Billion |
| Global CAGR (2019 - 2027) | 5.8% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Product
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
|
The geographic scope of the Europe Security Screening refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
EUROPE SECURITY SCREENING MARKET SEGMENTATION
By Product
By Application
By Country
Security screening Market - Companies Mentioned
The List of Companies
The Europe Security Screening Market is valued at US$ 1.51 Billion in 2018, it is projected to reach US$ 2.59 Billion by 2027.
As per our report Europe Security Screening Market, the market size is valued at US$ 1.51 Billion in 2018, projecting it to reach US$ 2.59 Billion by 2027. This translates to a CAGR of approximately 5.8% during the forecast period.
The Europe Security Screening Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Security Screening Market report:
The Europe Security Screening Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Security Screening Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Security Screening Market value chain can benefit from the information contained in a comprehensive market report.
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