The Security Screening Market was valued at USD 7.5 billion in 2021; it is expected to reach USD 10.1 billion by 2026, growing at a CAGR of 6.3% from 2021 to 2026. The growth of the Security Screening Market is primarily driven by the increasing criminal activities, growing need for large-scale surveillance at public places, and increasing demand in the private sector.
Surge in demand for biometric solutions in private sector
Many organizations implement biometrics technology for physical and logical access control to mitigate the risks associated with data theft. IT companies, in particular, are playing a crucial role in the growth of the biometrics market. In IT companies, biometric technologies are mainly used to provide access control, register attendance of employees, and stop the theft or leakage of crucial information. In the case of biometrics, the person does not have to remember the passwords or carry anything to prove his/her identity. Only biological or behavioral traits can work for the identification purpose. This makes the implementation of biometrics technologies much easier as compared with other security and identification solutions. Due to these reasons, most private sector companies prefer biometrics security systems.
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Biometric Technology to hold the largest market share during the forecast period in the Security Screening Market
The biometric systems segment holds the largest share of the Security Screening Market. Biometric technology has evolved from fingerprint scanners to facial recognition. Thus, its demand is on the rise for security screening purposes to enable authorities to screen a person accurately. The deployment of biometric systems is on the rise at airports and for homeland security purposes.
The use of security screening systems for transportation application is expected to witness the highest growth rate during the period 2021 and 2026
The rising passenger traffic has made it essential to regularly and rigorously inspect people, cargo, baggage, and vehicles. Individual and baggage screening is very important at airports and other transit locations, while cargo screening plays an important role in preventing illegal activities at seaports. Many countries are focusing on installing security measures at airports, bus depots, and train stations due to the increasing incidents of terrorist attacks and crimes.
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North America to hold the largest share of the Security Screening Market during the forecast period
North America is expected to be the leading Security Screening Market due to the presence of various market players, such as OSI Systems (US), Leidos (US), Aware Incorporation (US), and Analogic Corporation (US). These players deal in security screening products such as X-ray scanners, metal detectors, and biometric systems, and are working toward the development of new products and technology enhancements. North America has the highest number of airports (19,636) in the world as of 2019, and the US stands first with 14,556 airports as of 2019.
The report profiles key players such as Smith Detection (UK), OSI Systems (US), Leidos (US), Thales (France), NEC (Japan), FLIR Systems (US), Teledyne ICM (US), Bruker (US), Analogic Corporation (US), and ADANI Systems (US).
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