This study intends to unfurl the multiple facets of global security screening market. The insights offered in the report aid in market growth examination during the forecast period.
Surging Need for Extensive Security Monitoring at Public Events Fuels Security Screening Market Expansion
One of the key factors propelling the growth of the security screening market is the rise in terrorist attacks and illegal immigration worldwide. The market is also influenced by favorable government policies encouraging the installation of screening systems to maintain public safety and by rising demand for extensive security monitoring at public events. Due to the significant increase in commercial air traffic and the influx of passengers, airports are increasingly implementing cutting-edge security screening techniques. IATA estimates that the worldwide revenue of commercial airlines was US$384 Bn in 2020 and will rise to US$ 658 Bn by 2022. The expectation was that by 2021, global RPKs would have increased by 18% and 40% higher than before the crisis. Global RPKs are anticipated to rise by 51% in 2022 and reach levels seen before the crisis, according to IATA 2021 research.
Additionally, the security screening market is growing quickly because integrated screening systems are now widely available due to technological breakthroughs, and airport security screening has improved. The market for security screening is favorably impacted by rising urbanization, investments, public gatherings that feed the need for security enhancement solutions, and a rise in demand for biometrics solutions in the private sector. Additionally, in the forecast period, the market players will have lucrative opportunities due to technological developments in security screening systems and the incorporation of Artificial Intelligence to bring about digital transformation in security applications.
Security Screening Market: COVID-19 Impact
Due to restrictions on domestic and international travel, the pandemic had a significant impact on the aviation industry. The population was compelled to restrict their travels out of caution. Additionally, governments worldwide lowered the number of flights into and out of their respective nations to stop the virus from spreading among travelers. For instance, India's DCGA (Directorate General of Civil Aviation) announced that all scheduled domestic and international flights would be canceled in March 2020. Additionally, public spaces like movie theaters, stadiums, and malls were temporarily closed to stop the virus's spread. This had an additional negative impact on the security screening market's global growth prospects.
Increase in Number of Flying Passengers Will Drive Security Screening Market Growth
The number of passengers using air transportation has been rising over time. In actuality, traveler numbers were 47% lower in 2021 than in 2019, and that number is projected to increase to 103% by 2024. The aviation sector is adapting a process to ensure that passengers have an easy and hassle-free journey while maintaining effective physical security due to the increasing number of air travelers. For instance, the ability to effectively secure systems through biometric verification has grown. This results from biometric technology's advancement over time, which is anticipated to achieve wider adoption and eventually eliminate the requirement for checking actual documents and credentials at each stage of the process. Additionally, it is anticipated that the adoption of biometric-related activities at airports will grow quickly. Moreover, the integration of biometric-based technologies can deliver insights that may be used to carry out risk-based screening, an improved screening technique. An individual will receive a risk score from the risk-based screening, and the proper screening protocol will be used. This is expected to fuel the growth of security screening market.
Digital Transformation of Security Applications Bodes Well for Security Screening Market, Growing AI Integration Instrumental
With the help of cutting-edge technologies like Al, and IoT, screening times will be shortened while also ensuring that any illicit items in cargo, and baggage are accurately detected. New security systems built on aluminum are being purchased by governments worldwide, elevating the prospects of security screening market. To develop AI-based systems at its airports, the UK government has invested US$2.37 Mn (GBP 1.8 million). The US Transportation Security Administration has installed new CT scanners with Al technology at the John F. Kennedy International Airport, the Los Angeles International Airport, and the airports in Phoenix and Phoenix Sky Harbor International Airport. The use of AI technology in self-check-in robots for facial recognition checks in the aviation industry is anticipated.
High Expenses of Installation and Maintenance Remain a Longstanding Challenge Facing Security Screening Market Growth
Widespread employment of security screening systems to ensure safety, including transit facilities, public areas, hospitals, government agencies, banks, commercial buildings, educational institutions, and critical infrastructure, continues to drive the security screening market forward. The cost of ownership for these systems is however substantial. Numerous locations above need pricey explosive detectors, trace detectors, scanners, and radiation detectors; their maintenance is also expensive. One example is the significant upfront cost of full-body X-ray scanners. Numerous explosive detectors require expensive maintenance. All of these factors may cause aversion to implementing security measures at facilities.
Electromagnetic Metal Screening Category to Dominate Security Screening Market in the Wake of Increasing Criminal Activities
Based on technology, the security screening market is segmented into x-ray screening, biometrics, electromagnetic metal screening, and vehicle inspection. The electromagnetic metal screening category held the largest market share in 2021 and is anticipated to increase significantly over the next several years. The presence of metals in people and their items can be found using electromagnetic metal detectors. Due to increased criminal activity, metal detectors with high operational and functional performance are needed for personal inspections. These detectors warn security staff if a person owns potentially harmful items, such as knives or firearms. Metal detectors are also employed in public areas where public safety is required, such as shopping malls. During the projected period, the electromagnetic metal detectors market is anticipated to rise due to the expanding use of metal detectors in both public and private sectors.
Transportation Category Leads Security Screening Market as Passanger Traffic Continues to Swell
Based on the end user, the security screening market is segmented into transportation, retail stores and mail, hospitality, government, industrial, commercial, educational institutes, and events & sports. The transportation category dominated the market over the forecast period. Due to the increase in passenger traffic, it is imperative to routinely and thoroughly inspect passengers, goods, baggage, and vehicles. Passenger and luggage screening is crucial at airports and other transit hubs, and cargo screening is crucial for preventing criminal activity at seaports. Due to the rising number of terrorist acts and criminal activity, several nations are concentrating on putting security measures in place at airports, bus stops, and train stations. Security challenges have been introduced to ports and harbors worldwide due to the massive expansion of the global shipping sector and the extensive adoption of containers that enabled globalization. The need for security screening products and solutions is anticipated to increase due to such security issues in the transportation industry.
North America Reigns Supreme in Global Security Screening Market with Rising Terrorism, and Unethical Activities
Over the forecast period, it is anticipated that the North American security screening market will account for the largest revenue share. The booming e-commerce sector, the rise in airports, terrorism, and the expansion of unethical activities are the main drivers of this region's expanding need for security screening. The US, and Canada's strict security laws and procedures are the main forces behind expanding the security screening industry in the Americas. For instance, the Transport Security Administration declared in May 2019 that it would screen 8.76 million passengers over Labor Day weekend in 2022, from September 2 to September 5. Additionally, the TSA introduced new passenger identification technology at LAX security checkpoints in March 2022. This technology uses new facial recognition technology to confirm the identity of passengers at the airport security checkpoint.
The Asia Pacific security screening market is anticipated to experience stable revenue growth throughout the forecast period because of other illicit activities, the potential for terrorist attacks, and the smuggling of mushrooms. Additionally, growing economies like China, and India have seen an increase in the number of foreign travelers over time. In addition, India has seen a sharp rise in domestic airline passengers over the years due to the intensifying competition that has driven down rates. Similarly, the government of India's efforts to strengthen the railway industry promote market expansion. Furthermore, it is anticipated that the number of smart city initiatives will rise in emerging nations, further supporting market expansion.
Global Security Screening Market: Competitive Landscape
In February 2022, Evolv Technology introduced the first security screening system with integrated video and mass notification. The security screening system has enhanced the Evolv Express. It has a Titan HST bulk notification system, significantly improving Evolv Express's screening intelligence. Similarly, in October 2021, to promote the most recent digital technologies, the Smiths Detection Group Ltd., a leader in danger detection and security screening technology, built a new development center in Bangalore, India. The Bangalore center is crucial to developing the upcoming generation of digital security technology.
A few of the players in the security screening market include Smiths Group plc., L-3 communication holdings, OSI system inc, Honeywell international inc, Lockheed martin corp, Raytheon company, and security electronic equipment co. Lmt, united technologies corp, safran S.A and argus global pty Ltd.
Regional Classification of Global Security Screening Market Can be Given as Below:
Middle East and Africa
*Regions and countries are subject to change based on data availability.
Key Elements Included In The Study: Global Security Screening Market
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