Security Scanning Equipment Market Analysis

Security Scanning Equipment Market Analysis

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Based on product type, the security scanning equipment market is segmented into X-ray scanners, Magnetic Resonance Imaging (MRI) scanners, Computed Tomography (CT) scanners, Ultrasound scanners and others. The X-ray scanner segment held a market share of over 30% in 2022 with a volume of over 20 thousand units. The global increase in air travel and international trade contributes to the demand for security scanning equipment. Airports, cargo terminals, and border checkpoints are witnessing a surge in passenger & cargo volumes, thereby augmenting the need for efficient & robust security measures. X-ray scanners play a crucial role in maintaining the security & integrity of these operations by enabling the rapid & accurate screening of baggage, cargo, and parcels. Moreover, Modern x-ray scanners feature high-resolution imaging, advanced material discrimination algorithms, and automated threat recognition systems. These improvements enhance the efficiency & accuracy of threat detection, thereby reducing false alarms and improving the overall security screening processes.
 

Based on end use, the security scanning equipment market is divided into commercial, industrial, public infrastructure, military & defence and correctional facility, institutional, transportation & aviation, healthcare. The military & defence and correctional facility segment is expected to grow at a CAGR of over 8% from 2023 to 2032. The demand for security scanning equipment is growing in the military & defense sector for border security as well as the prevention of the smuggling of weapons, contraband, or illegal substances across national borders.
 

Security scanning equipment including cargo scanners and vehicle inspection systems play a vital role in screening & inspecting vehicles, containers, and goods at border checkpoints. By utilizing advanced security scanning equipment, military & defense organizations enhance border security and prevent security breaches. Moreover, security scanning equipment help in preventing escapes, assaults, and acts of violence within correctional facilities, thereby boosting product demand in this segment. By screening individuals, bags, or parcels, security scanners can detect hidden weapons or escape tools. The deployment of advanced security scanning equipment enhances the ability to identify potential threats and maintain control within the facility, thereby ensuring the safety of both inmates and staff.
 

North America held a significant market share of over 40% in 2022. North America is a hub for technological innovations and advancements. The region has a strong presence of companies specializing in security scanning equipment, driving advancements in technology a& products. Technological advancements, such as advanced imaging techniques, Artificial Intelligence (AI), and data analytics, improve the capabilities & performance of security scanning equipment. The availability of cutting-edge technology is fueling the security scanning equipment market growth in North America. Government investments in the procurement of security scanning equipment are anticipated to propel market growth in the U.S. For instance, in April 2023, the TSA invested USD 1.3 billion to procure Computed Tomography (CT) scanners for airport checkpoints.