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The Worldwide Full-Body Scanners Industry is Expected to Reach $302 Million by 2027: Rising Safety Concerns due to Increased Terrorism Incidents Drives Growth
Global Full-Body Scanners Market
Dublin, Feb. 24, 2023 (GLOBE NEWSWIRE) -- The "Global Full-Body Scanners Market by End-use (Transport, Critical Infrastructure), Technology (X-ray, Millimeter Wave), Type (Single View, Dual View, 3D), Detection (Manual, Automatic), Component (Hardware, Software), and Region - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The Global Full-Body Scanners Market is projected to grow from USD 153 million in 2022 to USD 302 million by 2027, at a CAGR of 14.5% during the forecast period.
Increasing technological developments are driving demand across all security systems across applications. The developments in adopting mega trend solutions like Artificial Intelligence and cloud analytics are driving developments in creating more advanced full-body scanner solutions. Artificial Intelligence and cloud analytics solutions are used to easily identify concealed objects and provide easy judgement to security personnel.
Hardware segment expected to have larger market share during the forecast period
By component, the hardware segment is expected to have a larger market share during the forecast period. In the manufacturing of the full-body scanner the hardware system holds a larger percentage of the production costs.
Hardware includes the radiation emitter, the display, and the electrical solutions that support the equipment. These components cost more than the software of the equipment. Hence the hardware segment holds the larger market share.
Automatic segment to witness highest growth in the forecast period
Based on component, automatic segment is witnessing highest growth across the forecast period. Automatic full-body scanners provide easy scanning and hassle-free screening of the people. Automatic systems also provide less wait time during rush hours.
Fast paced facilities like airports and railways & metros require the passenger to be processed fast and hassle free hence solutions that take less time are preferred. These are the reason automatic systems are preferred.
Report Metrics:
Report Attribute | Details |
No. of Pages | 200 |
Forecast Period | 2022 - 2027 |
Estimated Market Value (USD) in 2022 | $153 Million |
Forecasted Market Value (USD) by 2027 | $302 Million |
Compound Annual Growth Rate | 14.5% |
Regions Covered | Global |
Market Dynamics
Drivers
Rising Safety Concerns due to Increased Terrorism Incidents
Growing Need to Detect Contraband in Prisons
Smooth Passenger Experience at Airports
Restraints
Privacy Concerns
Health Concerns Associated with Exposure to Radiation
High Procurement and Operational Costs
Opportunities
Artificial Intelligence and Proliferation of Biometrics
Challenges
Technical Vulnerabilities of Existing Scanners
Case Study Analysis
Hexwave: Being Beta-Tested at Metro Toronto Convention Centre
Evolv Edge: Used by Major US Airports to Improve Employee Screening
Companies Mentioned
3F Advanced Systems
Braun & Company Ltd.
Brijot
Canon USA Inc.
CST Digital Communication (Pty) Ltd.
Evolv Technology
Hi-Tech Detection Systems
Leidos
Liberty Defense
LINEV Systems
Metrasens
Mistral Solutions
Nuctech
OD Security
Qilootech
Qinetiq
Rohde & Schwarz
Scan-X Security Ltd.
Smiths Detection Group Ltd.
Tek84, Inc.
Terasense Group Inc.
Thruvision Ltd.
VMI Security
Westminster International Inc.
Xscann
For more information about this report visit https://www.researchandmarkets.com/r/ebxlmp-full-body?w=12
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