Selbyville, Delaware, Aug. 05, 2021 (GLOBE NEWSWIRE) —
The x-ray security screening system market size is anticipated to record a valuation of USD 5.5 billion by 2027, according to the most recent study by Global Market Insights Inc. Latest technological developments and disruptions worldwide have supported the X-Ray security screening system market expansion. The growth can potentially be attributed to the growing travel and retail industries. As more and more passengers are looking forward to travelling from one place to another, the need for baggage screening solutions at transportation terminals has surfaced. Likewise, increased consumer traffic in shopping malls and other big shopping centres has enunciated the need for security screening machines and systems.
Not to mention, increasing chances of terrorist attacks, bombings, and open gunfire at various public places has further urged authorities to make use of advanced screening systems. Since railway terminals and airports are amongst the most targeted places by terrorists, the demand for security screening systems at these places is projected to soar to incredible heights in the years to come.
Mentioned below is a brief snapshot of the trends that are expected to re-shape the growth curve of global X-Ray security screening system market:
Growing integration of X-ray security screening systems services
X-ray security screening systems services have been gaining ground worldwide owing to the rising complexity associated with the system hardware. Integration of advanced technologies like machine learning, AI, and more into these systems, would further propel the demand for remote technical support services that ensure optimum functioning of the system.
Reports have it that with the increasing complexity of hardware associated with security screening systems, there will also be a high demand for installation and maintenance services. Considering these attributes, market players are now emphasizing on providing effective product offerings with high-quality services to capture a significant market share and ensure longevity of their solutions.
For instance, Heathrow Airport recently unveiled selecting Smiths Detection for furnishing its next-gen cabin baggage and security screening equipment. It has been claimed that the latter’s cutting-edge technology would provide passengers the ability to leave laptops and liquids in their bags as they pass through security.
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Rising deployment of security systems across governments sectors
Courts, police stations, prisons, and other government buildings are generally counted as a hub for attackers owing to the increased number of people working in and large databases present. In this case, installation of security systems in these places is expected to play a crucial role as these provide tight security to ensure asset, employee, and resources safety.
As government organizations host confidential documents, protection of infrastructure is extremely vital and critical. Likewise, X-ray screening systems are touted to play a significant role in scanning people in parliament buildings during meetings to ensure the safety of government officials.
Ongoing infrastructure project developments across Europe
Escalating infrastructure project developments in the European economies is estimated to propel the demand for X-ray security screening systems across the region. To illustrate, Aena, in January 2020, publicized its plans of investing about $1.84 billion as a part of the 2022-2026 Strategic Plan, to refurbish its Adolfo Suarez Madrid-Barajas facility.
In yet another instance, the Russian government is slated to undertake an $87.5 billion plan to modernize and renovate the country’s airports, railways, highways, and other transportation infrastructure through 2030. Speculations have it that such projects would potentially spur the demand for high performance security systems to ensure the safety of assets and people.
About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.