Study finds x-ray screening and biometrics cater for 50% of security screening demand
James Thorpe
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The approximately US$7.8 billion market for security screening is highly likely to approach the revenues worth US$10 billion in the next two years. As indicated by a newly launched research report by ESOMAR-certified market research and consulting firm, more than half of the total demand for security screening is being accounted by the developed regional markets. East Asia however is cited as the most lucrative market for investors in security screening systems and solutions.
Rapid growth in the economy, necessitating increasing expenditure on the national and infrastructural security, will continue to push deployment of reliable and advanced technology enabled security screening systems. While analysis identifies an impressive rate of adoption within emerging economies, China, India and Russia are more likely to be at the forefront of this growth in the security screening market.
Airports generate maximum demand for security screening
Over 2/5ths of the global security screening demand is accounted by airports, which will remain the dominant application area for security screening systems manufacturers and suppliers. As government buildings are highly vulnerable owing to the voluminous sensitive information that they procure, public recreation areas such as malls are also cited as the next sensitive area for implementation of effective security screening. Border check points are also expected to emerge lucrative through coming years, in the security screening market.
Explosive trace detectors, currently accounting for nearly a quarter share of the total sales of security screening systems, will reportedly witness strong growth in demand through the coming years. According to the report, x-ray screening systems and biometric systems are also highly popular among the end-use application areas in the security screening market. The collective market value share of the aforementioned security screening systems is just under 50% and the report expects attractiveness of the latter to surge – with growing adoption of fingerprint and face recognition technologies.
Smart security screening
Looking at the loopholes in current security screening models in terms of efficiency and sustainability, airports have been accelerating the industry’s shift to smart security screening solutions over the recent past. A combined initiative of Airports Council International (ACI) and the International Air Transport Association (IATA), smart security is emerging as a streamlined solution for airlines, passengers and their belongings. Recently, Australia’s first-ever smart security screening checkpoint was unveiled at Melbourne Airport.
These insights are based on a report on the Security Screening Market by Future Market Insights.
