Security Screening Market Size (2024 - 2029)

Security Screening Market Analysis

The Security Screening Market size is estimated at USD 7.61 billion in 2024, and is expected to reach USD 10.45 billion by 2029, growing at a CAGR of 6.57% during the forecast period (2024-2029).

• As the threat of terror attacks on public and critical infrastructure continues to rise, security screening has become increasingly important in various sectors, such as airports, border checkpoints, and government organizations. To address this, many countries have increased their spending on new security equipment, which has driven the demand for advanced security screening systems. Automated security scanning solutions such as CT and vehicular scanners are being adopted by governments worldwide to detect narcotics, drugs, explosives, and other banned substances.
• The growth in the number of passengers and international trade has also positively impacted the amount of cargo carried by the airline industry each year. Although the pandemic has had a restraining impact on this growth, global cargo traffic is expected to increase significantly during the forecast period. However, the higher cost of advanced security solutions and the need for a skilled workforce to operate and maintain these systems present challenges to the market's growth. Health concerns related to security scanners are also a major challenge that must be addressed.
• Despite these challenges, the aviation industry is expected to witness an upward growth trend post-pandemic. Air freight traffic is expected to grow, and the construction of new airports is expected to gain traction in the post-COVID-19 period. The pandemic is expected to play a crucial role in the design of new airports and commercial places, prioritizing touchless technology, adaptability, and public health protection, among other changes, creating a supportive growth outlook for the market.

Security Screening Industry Segmentation

Security screening refers to the procedure whereby baggage, mail and parcels, cargo, and vehicles, among others, are electronically screened at a transportation hub or a facility before it is allowed to proceed further. X-ray, CT-based, neutron sensing, and detection are some techniques through which security scanning is performed in the market.

The security screening market is segmented by detection technology (x-ray, ct-based, neutron sensing and detection), application (mail and parcel, baggage scanning, cargo and vehicle inspection, and explosives and narcotics), end user (airports, ports and borders, defense, critical infrastructure, commercial and law enforcement), and geography (North America (United States, Canada), Europe (United Kingdom, Germany, France, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia Pacific), Rest of the World). The market sizes and forecasts are provided in terms of value (USD) for all the segments.