X-Ray Security Scanner Market Is Estimated to Grow at US $5.95 Billion by 2025

The global X-ray security scanner market is valued at US$ 3.88 billion in 2017 and is estimated to reach US$ 5.95 million by 2025.  With a collective population of over 3.5 billion, the region’s e-commerce market is growing significantly. According to World Bank projection, Asia Pacific will continue to account for one-third of the global e-commerce industry. An extraordinary investment has been noticed within Asia Pacific e-commerce industry. For instance, in 2014, Alibaba’s IPO ranked world’s biggest at US$ 25 Bn, and Amazon invested around US$ 4.74 Bn in India. Furthermore, traditional brick and mortar business are also making considerable investments to accelerate their e-commerce business. Moreover, growth of cross-border transaction will propel the deployment of cargo inspection X-ray systems in the region.

Furthermore, the government of several countries in the APAC region are making significant investments to enhance their airport infrastructure. The growing middle-class population in the APAC countries has pushed the airlines to set-up new budgets as well as flying routes across the region. This is further forcing the governments to either construct new airports or to expand the existing airports. For instance, by 2020, Kuala Lumpur targets to double its passenger capacity to 100 million, while Hong Kong aims to handle around 97 million passengers annually by 2030, which is up from 60 million in 2013. Further, China is also planning to construct 66 new airports by 2020.  The Australian government announced its plans to build its second international airport in Sydney. The estimated cost of the project in US$ 3.7 Bn and is expected to open by 2026. The increasing investment in airport infrastructure is anticipated to further bolster the growth of X-ray security scanner market.

In November 2017, an X-ray body scanner trial was conducted to detect passengers carrying suspicious item. This scanner was sensitive to jewelry as well as Indian attire. Also, in February 2018, Airports Authority of India placed an over US$ 50 million order with Smiths Detection to supply hold-baggage scanners. Also, in November 2017, Astrophysics, Inc. was awarded with a contract to supply X-ray scanners for 2018 Winter Olympics and Paralympics to be held in South Korea. Also, in January 2018, for enhanced security during 2018 Winter Olympics and Paralympics, the South Korean government deployed several X-ray machines at the pedestrian and vehicle checkpoints to check incoming baggage.

Asia is leading the global X-ray security scanner market, followed by Europe. Also, China holds largest share of the Asia Pacific X-ray security scanner market. The primary reasons for the installation of X-ray security scanners in APAC region is the increasing infrastructure development in the emerging economies.

Some of the major players operating in the market of X-ray security scanner include Astrophysics, Inc., ADANI, Eurologix Security Group, L3 Security & Detection Systems, NUCTECH COMPANY LIMITED, OSI Systems, Inc., Gilardoni S.p.A., Kromek Group plc, Smiths Detection Inc., and TELEDYNE ICM.

Guest article written by: Mayur S – Marketing Manager at The Insight Partners. He is in charge of marketing strategy and branding.