Urban Security Screening Market to Accrue $22.3 Bn, Globally, by 2031 at 10.1% CAGR: Allied Market Research

Rise in the smart cities generated demand for security systems at airports, thereby boosting the growth of the global urban security screening market.

PORTLAND, Ore., Aug. 24, 2022 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Urban Security Screening Market by Product Type (Baggage Scanners, Vehicle Scanners, Cargo Scanners, CBRN Detection, Explosive/narcotics Detectors, Trace Detectors), by End Use (Government Buildings, Airports, Educational Institutes, Public Places, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." As per the report, the global urban security screening industry was estimated at $8.6 billion in 2021, and is set to reach $22.3 billion by 2031, growing at a CAGR of 10.1% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.

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Drivers, restraints, and opportunities

Rise in the smart cities increased demand for security systems at airports, thereby boosting the growth of the global urban security screening market. Furthermore, the advent of industry 4.0 and digitization will drive global market growth. An increase in the use of urban security screening for detecting land mines and weapons including knives, guns, and blades will open new growth avenues for the global industry. However, huge costs related to urban security products and high installation, production, and maintenance charges of urban security screening equipment can hinder the growth of the global market.

Covid-19 scenario:

• The COVID-19 pandemic impacted the expansion of the global urban security screening market due to the effect of the pandemic on key players operating in the supply chain.
• Low availability of skilled workforce and delay or cancellation of projects due to lockdown imposed by the government to curb the spread of COVID-19 hindered the global market surge.

Scope of the Report: -

The baggage scanners segment to dominate the global market in terms of revenue by 2031

Based on the product type, the baggage scanners segment contributed to the highest market share in 2021, accounting for more than one-fourth of the global urban security screening market. The segment is predicted to contribute majorly toward an overall market share in 2031. The growth of the segment over the forecast period can be attributed to the lucrative use of baggage scanners in screening activities at airports, railway stations, hotels, metro stations, multiplexes, and cinema theatres. However, the explosive/ narcotics segment is predicted to register the fastest CAGR of nearly 11.67% from 2022 to 2031. The segmental growth can be credited to the need for identifying and detecting a wide range of explosives. The report also provides an overall analysis of the segments such as vehicle scanners, cargo scanners, CBRN detection, and trace detectors.

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The educational institutes segment to contribute the highest CAGR of 12.14% Over 2022-2031

On basis of end use, the educational institutes segment is set to register the highest CAGR of 12.14% over the forecast period. The highest growth rate of the segment can be credited to the high demand for security and safety for students and staff. Furthermore, the need for screening students for preventing them from carrying harmful objects such as sharp items and knives with them will boost the growth of the segment during the assessment period. However, the airports segment contributed a major share toward the global urban security screening market in 2021, accounting for nearly one-fourth of the global market share. The growth of the segment can be attributed to the presence of artificial intelligence methods for automatic object recognition for aviation security. The report also provides an overall analysis of the segments such as government buildings, public places, and others.

The Asia-Pacific region to maintain dominant status over 2022-2031

Based on the region, Asia-Pacific contributed notably toward the global urban security screening market share in 2021, and is projected to continue its dominance during the forecast period. The region accounted for nearly half of the global market share in 2021. Furthermore, the region is predicted to record the highest CAGR of 10.98% over the forecast timeline. The growth of the regional market over the projected timeline can be credited to the increase in the number of airports. Furthermore, the swift growth of the infrastructure sector in the region is anticipated to prop up the security screening in the foreseeable future, thereby driving the regional market trends.

Major market players

• Smiths Group plc
• Astrophysics Inc.
• Rapiscan Systems
• Autoclear
• Ledios,
• Nuctech Company Limited
• Hitachi, Ltd
• Environics, Inc.
• Proengine
• Bruker Daltonics
• Bruker daltonics
• Thermofisher
• Thruvision

The report analyzes these key players in the global urban security screening market. These players have implemented key business strategies such as strategic expansion, new product launches, alliances, and joint ventures for enhancing market penetration and reinforcing their position in the industry. The report helps the target audience in determining the market performance, performance of each segment, product portfolio development in the market, and contributions made by each player to the market growth.

Key Benefits for Stakeholders

• This study comprises analytical depiction of the Japan urban security screening market size, Japan urban security screening market opportunity along with current trends and future estimations to depict imminent investment pockets.
• The overall Japan urban security screening market analysis is determined to understand profitable trends to gain a stronger foothold. 
• The report presents information related to key drivers, restraints, Japan urban security screening market size and opportunities with a detailed impact analysis.
• The market outlook forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency. 
• Porter's five forces analysis illustrates potency of buyers and the market share of key vendors.
• The report includes the market trends and the share of key vendors.

Urban Security Screening Market Segments:

Product Type

• Trace Detectors
• Baggage Scanners
• Vehicle Scanners
• Cargo Scanners
• CBRN Detection
• Explosive/narcotics Detectors

End Use

• Government Buildings
• Airports
• Educational Institutes
• Public Places
• Others

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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SOURCE Allied Market Research

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