Security screening market for transportation end use to grow at the highest CAGR during the forecast period

 The security screening market is estimated to be worth USD 7.5 billion in 2021 and is projected to reach USD 10.1 billion by 2026, at a CAGR of 6.3 %. The global increase in terrorist attacks and illegal immigration, public gatherings fuel demand for security enhancement solutions and surge in demand for biometrics solutions in the private sector are some of the prominent factors for the growth of the security screening market globally.

 
The advancements in X-ray screening systems and metal detectors could facilitate the deployment of security screening solutions at several places. Different types of technologies, such as standard X-ray, dual-energy, backscatter, and CT, are used in X-ray imaging systems. Earlier, 2D X-ray systems were used to screen baggage at airports. However, X-ray systems providing a 3D view of luggage have been launched recently. These systems provide better and more intuitive information about the bag contents by allowing viewers/operators to zoom in and rotate the bag for a 360-degree view. In the single-view X-ray transmission mode, the X-ray beam is transmitted through objects and detectors positioned opposite to the beam.
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The security screening market in APAC is estimated to grow at the highest CAGR due to combat the increasing instances of terrorism, smuggling, and other unlawful activities. APAC also hosts a lot of public events, due to which the need for security screening products is expected to increase in the region. The security screening market in Europe and RoW will grow slower as compared with North America and APAC due to less stringent government regulations.
The rising passenger traffic has made it essential to regularly and rigorously inspect people, cargo, baggage, and vehicles. Individual and baggage screening is very important at airports and other transit locations, while cargo screening plays an important role in preventing illegal activities at seaports. Many countries are focusing on installing security measures at airports, bus depots, and train stations due to the increasing incidents of terrorist attacks and crimes. Thus, the transportation end use segment could witness high growth during the forecast period.

Biometric technology could witness high growth in the period 2021-2026. Biometric technology has evolved from fingerprint scanners to facial recognition. Thus, its demand is on the rise for security screening purposes to enable authorities to screen a person accurately. The deployment of biometric systems is on the rise at airports and for homeland security purposes.
 
Several opportunities such as Technological advancements in security screening systems, Inclusion of artificial intelligence to bring digital transformation in security applications lie in front of the players in the security screening market. The advancements in X-ray screening systems and metal detectors could facilitate the deployment of security screening solutions at several places. Different types of technologies, such as standard X-ray, dual-energy, backscatter, and CT, are used in X-ray imaging systems. Earlier, 2D X-ray systems were used to screen baggage at airports. In the aviation industry, AI technology is expected to be used in self-check-in robots for facial recognition checks.

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https://www.globenewswire.com/news-release/2022/06/01/2454423/0/en/Security-Screening-Market-Projected-to-Reach-10-1-billion-by-2026.html

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