Security Inspection Market Size Worth $11.23 Billion by 2027, with Leading Industry Players – Nuctech Company Limited, Leidos, Rohde & Schwarz and More

May 10 22:44 2021
Security Inspection Market Size Worth $11.23 Billion by 2027, with Leading Industry Players - Nuctech Company Limited, Leidos, Rohde & Schwarz and More

Security Inspection Market
Rising demand for safer and more secure inspection systems at crowded places is driving growth of the security inspection market.

New York, July 10, 2020 – The global Security Inspection Market is expected to reach a market size of USD 11.23 Billion by 2027 and register a high revenue growth rate during the forecast period, according to the latest report by Reports and Data.

Security inspection market growth is supported by initiatives taken by major players in the market to develop new technologies that support operational availability. The security inspection market is also witnessing increasing growth due to high and rising demand for real-time detection of threats and to ensure a safer environment in crowded places.

Security systems helps to ensure safety at borders, airports, railways, tourist places, and others, which are extremely vulnerable to terrorist and illegal activities. Adoption of advanced security inspection system in court houses, prisons, and museums is also driving market growth.

The COVID-19 impact:

The COVID-19 pandemic has impacted growth of the global security inspection market adversely. However, as the economy is picking up pace, need for social distancing has been fueling demand for automated security system to limit physical interaction among human beings due to implementation of stringent social distancing norms and practices.

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Further key findings in the report

  • Increase in volumes of cargo and passenger baggage has been resulting in rising concerns over airport security. Authorities are focusing on deployment of intelligent systems to detect dangerous substances, avoid terrorism-related activities and movement of illegal materials, and this is expected to continue to drive demand for cargo and baggage inspection systems over the forecast period.
  • Maintenance and repair services segment accounted for larger revenue share among the services segments. Constant need to maintain security of products is propelling growth of the maintenance and repair services segment.
  • Aviation sector segment accounted for the largest share among the application segments, driven by increasing need to monitor passengers and baggage to restrain movement of illicit substances, goods, and items.
  • Asia Pacific market revenue is expected to register highest CAGR due to increasing urbanization and industrial expansion in the countries in the region. Developing countries are adopting screening systems at a rapid rate in healthcare facilities, critical manufacturing facilities, power plants, oil refineries, and mass transportation systems.
  • Key participants include Nuctech Company Limited, Leidos, Rohde & Schwarz, Smiths Group plc, Unival Group GmBH, Rapiscan Systems, Analogic Corporation, Brucker, Astrophysics Inc., and Braun & Co. Limited.

Security Inspection Market Size, Share & Analysis, By Product, By Type, By Services, By Application, And By Region, Forecast To 2027, To identify the key trends in the industry, click on the link below:

For the purpose of this report, Reports and Data has segmented the global security inspection market on the basis of product, type, services, application, and region:

  • Product Outlook (Revenue, USD Billion; 2017-2027)
    • Checkpoint screening systems
    • Personnel screening systems
    • Liquid and radioactive substance monitors
    • Vehicle inspection systems
    • Cargo and baggage inspection systems
    • Explosives & drugs trace detection systems
    • Others
  • Type Outlook (Revenue, USD Billion; 2017-2027)
    • Portable
    • Fixed
  • Services Outlook (Revenue, USD Billion; 2017-2027)
    • Maintenance and repair services
    • Security consulting services
    • Security training services
    • Installation and integration services
    • Support services
  • Application Outlook (Revenue, USD Billion; 2017-2027)
    • Border security
    • Aviation
    • Critical infrastructure protection
    • Correctional facilities and law enforcement
    • Commercial security
    • Others

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  • Regional Outlook (Revenue, USD Billion; 2017-2027)
    • North America
      1. US
      2. Canada
    • Europe
      1. Germany
      2. UK
      3. France
      4. BENELUX
      5. Rest of Europe
    • Asia Pacific
      1. China
      2. Japan
      3. South Korea
      4. Rest of APAC
    • MEA
      1. Saudi Arabia
      2. UAE
      3. Rest of MEA
    • Latin America
      1. Brazil
      2. Rest of LATAM

Table Of Content

Chapter 1.    Market Synopsis

    1.1.    Market Definition

    1.2.    Research Scope & Premise

    1.3.    Methodology

    1.4.    Market Estimation Technique

Chapter 2.    Executive Summary

    2.1.    Summary Snapshot, 2019-2027

Chapter 3.    Indicative Metrics

Chapter 4.    Security Inspection Market Segmentation & Impact Analysis

    4.1.    Security Inspection Market Material Segmentation Analysis

    4.2.    Industrial Outlook


Chapter 10.    Competitive Landscape

    10.1.    Market Revenue Share By Manufacturers

    10.2.    Manufacturing Cost Breakdown Analysis

    10.3.    Mergers & Acquisitions

    10.4.    Market positioning

    10.5.    Strategy Benchmarking

    10.6.    Vendor Landscape

Chapter 11.     Company Profiles                   

    11.1.    Nuctech Company Limited

            11.1.1.    Company Overview

            11.1.2.    Financial Performance

            11.1.3.    Technology Insights

           11.1.4.    Strategic Initiatives

    11.2.    Leidos

            11.2.1.    Company Overview

            11.2.2.    Financial Performance

            11.2.3.    Technology Insights

            11.2.4.    Strategic Initiatives

    11.3.    Rohde & Schwarz

            11.3.1.    Company Overview

            11.3.2.    Financial Performance

            11.3.3.    Technology Insights

            11.3.4.    Strategic Initiatives

    11.4.    Smiths Group plc

             11.4.1.    Company Overview

             11.4.2.    Financial Performance

             11.4.3.    Technology Insights

             11.4.4.    Strategic Initiatives

    11.5.    Unival Group GmBH

            11.5.1.    Company Overview

            11.5.2.    Financial Performance

            11.5.3.    Technology Insights

            11.5.4.    Strategic Initiatives

Continue …

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