Europe X-Ray Security Scanner Market
X-ray security scanner market in Europe is expected to grow from US$ 1.14 Bn in 2018 to US$ 1.81 Bn by the year 2027. This represents a CAGR of 5.2% from the year 2019 to 2027.
X- Ray security scanner market operates in a consolidated market scenario. During the past few years, there have been several incidences of terrorist attacks owing to weak security checks at various places, including airports, seaports, railway stations, and hotels. In March 2016, departure hall of Brussels' Zaventem International Airport and the Maelbeek metro station were attacked by terrorists killing over 30 people. Further, terrorists have previously targeted parliament buildings, railway stations, shopping malls, and other crowded places. As per the Global Change Data Lab, ~21,000 people were killed owing to terrorist attacks worldwide during the past decade. Thus, the need to deploy proper security checks at these places have become crucial to fight against such threats. Owing to the growing number of terrorist attacks, the governments of various countries have shifted their focus towards improving the security measures to ensure the public safety and eliminate the risk of such attacks. Therefore, rising number of terrorist attacks, and increasing concerns towards public safety are the major factors that are expected to drive the growth of X-ray security scanner market.
Shopping online has become one of the prevailing trends across the world. Factors such as increasing adoption of smart devices, rising internet penetration, and growing affordability of people, as well as new entrants in the e-commerce industry are propelling the growth of the e-commerce market. This has resulted in increased cross-border parcel deliveries, thereby increasing air cargo traffic. As per IATA, the global air freight market grew by 3.5% (measured in FTKs) in 2018. The growth in air cargo will result in increased deployment of X-ray scanning devices in ports, cargo facilities, warehouses, etc.
Currently, UK is dominating the global X-ray security scanner market in terms of installation which in turn boost the demand for X-ray security scanner market in the region. The concerns for public safety are growing, and the demand for advanced baggage scanning technologies is growing in the country. The figure given below highlights the revenue share of Rest of Europe in the European X-ray security scanner market in the forecast period:
Strategic insights for the Europe X-Ray Security Scanner 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$ 1.14 Billion |
| Market Size by 2027 | US$ 1.81 Billion |
| Global CAGR (2019 - 2027) | 5.2% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe X-Ray Security Scanner 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 X-RAY SECURITY SCANNER MARKET - SEGMENTATION
Europe X-ray Security Scanner Market – By
Product Type
Europe X-ray Security Scanner Market – By
Tunnel Dimension
Europe X-ray Security Scanner Market – By
Scanning Type
Europe X-ray Security Scanner Market – By
Country
Europe X-ray Security Scanner Market -Companies Mentioned
The List of Companies - Europe X-ray Security Scanner Market
The Europe X-Ray Security Scanner Market is valued at US$ 1.14 Billion in 2018, it is projected to reach US$ 1.81 Billion by 2027.
As per our report Europe X-Ray Security Scanner Market, the market size is valued at US$ 1.14 Billion in 2018, projecting it to reach US$ 1.81 Billion by 2027. This translates to a CAGR of approximately 5.2% during the forecast period.
The Europe X-Ray Security Scanner 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 X-Ray Security Scanner Market report:
The Europe X-Ray Security Scanner Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe X-Ray Security Scanner Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe X-Ray Security Scanner Market value chain can benefit from the information contained in a comprehensive market report.
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