North America Security Screening Market Estimated To Account For A Higher Value By 2027; With a Whooping CAGR

 Security Screening Market In North America is expected to grow from US$ 2.31 Bn in 2018 to US$ 4.01 Bn by the year 2027 with a CAGR of 5.9% from the year 2019 to 2027.

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The growth of the security screening market is driven by several factors, including the rise in global air passenger traffic, the increasing loss of human life due to persistent attacks, and the booming e-commerce sector that is fueling both domestic and international trade. Furthermore, substantial investments in infrastructure development are expected to further stimulate market growth. Government initiatives and regulatory policies focused on enhancing security have also led to an uptick in investments by companies. The surge in life-threatening threats such as terrorist attacks, criminal activities, and recent mass shootings, especially in the US, has prompted the installation of advanced security screening systems in public buildings and transport hubs. According to the Airport Council International-North America, an estimated US$ 100 billion is needed for airport developments in the US between 2017 and 2021. Approximately 63% of these funds are allocated for accommodating growth in passenger and cargo activities, while 30% is aimed at upgrading existing infrastructure to maintain high standards for aircraft operations. This expansion will boost the demand for metal and trace detectors, as well as X-ray scanners across the region.

These advanced devices play a critical role in detecting explosives, metallic objects, and preventing unauthorized access. With growing concerns over terrorist activities, the adoption of cutting-edge security systems is becoming increasingly prevalent. The security screening market is segmented into products such as X-ray scanners, biometric systems, electromagnetic metal detectors, and explosive trace detectors. The X-ray scanner segment led the market in 2018 with the largest market share and is projected to maintain its dominance throughout the forecast period. Additionally, biometric systems are expected to grow at the fastest rate, driven by their integration into secure access control systems, which are becoming standard for non-transferable devices. Airports and public spaces are likely to see a gradual adoption of these advanced technologies over the next three to five years, with facial recognition systems being particularly notable in the growing trend.

The US dominated the security screening market in 2018 and is expected to maintain its leadership in the North American region throughout the forecast period. Airports across the country are investing in significant infrastructure and construction projects to upgrade and expand their facilities. These projects include the construction of new terminals, improvements to lighting and passenger amenities, and the renovation of runways and taxiways. Notably, New Orleans started constructing a US$ 807 million North Terminal complex in January 2016, and Orlando International Airport is undergoing a US$ 1.1 billion expansion project. These initiatives are driving the growth of the security screening market in the US.

North America Security Screening Strategic Insights

Strategic insights for the North American security screening market provide a data-driven analysis of the industry landscape, current trends, key players, and regional factors. These insights offer actionable recommendations that enable businesses to differentiate themselves from competitors by identifying untapped opportunities or creating unique value propositions. By leveraging data analytics, stakeholders can anticipate market shifts and adjust their strategies accordingly. This forward-looking perspective is crucial for long-term success, allowing investors, manufacturers, and other players to make informed decisions that maximize profitability and achieve business objectives in this dynamic market.

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Author’s Bio:

Suryakant Gadekar

Senior Market Research Expert at Business Market Insights