Global Full-Body Scanner Market 2022-2027 | 7% CAGR Projection Over the Next Five Years
Increased security concerns as a result of terrorism, as well as the desire to reduce drug trafficking at transit hubs, are projected to fuel the market’s expansion.
The global full-body scanners market is expected to develop at a CAGR of 11.9 percent from 2020 to 2025, from USD 276 million in 2020 to USD 485 million in 2025
Improvements in passenger scanning technology, expansion of current airports and seaports, and development of new airports, seaports, and railway stations are all contributing to this segment’s growth. Since March 2020, the transportation sector has seen a severe decline in passenger footfall, which is estimated to take 2-3 years to recover. As the market is predicted to rebound from 2020 to 2025, this will result in a higher CAGR.
Prisons, government institutions, and homeland security are all considered critical infrastructure. Prison officials are increasingly purchasing full-body scanners to prevent the smuggling of contraband such as narcotics and weapons.
From 2020 to 2025, the millimetre wave sector is predicted to lead the full-body scanners market in terms of technology.
The full-body scanner market has been divided into two categories based on technology: x-ray and millimetre wave. Because frequent and continuous exposure to x-ray scanners might cause cancer and other ailments due to radiation exposure, the millimetre wave sector is predicted to account for the highest proportion. Airports and other transit hubs utilise exclusively these scanners. In addition to prisons, millimetre wave scanners are often used in critical infrastructure facilities.
The dual view sector is predicted to lead the full-body scanners market from 2020 to 2025, based on the output.
The market has been divided into three categories based on output: single view, dual view, and 3D. In 2020, the dual view sector accounted for a greater market share than the single view and 3D segments combined. Due to the fact that dual view scanners provide two images that can be utilised to detect contraband inside the body, they are more efficient than single view scanners. In dual view scanners, the second image provides a crisper picture of the torso and can be utilised to detect contraband hidden inside organs or bodily cavities. Because the technology is still in its early stages, 3D scanners have seen little acceptance.
From 2020 to 2025, the market for full-body scanners in Asia Pacific is expected to develop at the fastest rate.
In terms of region, the Asia Pacific market is expected to develop at the fastest rate during the forecast period. Changing demographics and rising disposable income in the region are boosting demand for air travel, resulting in a rise in new airport development and expansion, necessitating the installation of new passenger security systems throughout the region. Aside from increased passenger traffic, the region is home to a large number of prisons and inmates. As a result, full-body scanners have a lot of potential in Asia Pacific.
The study examines consumer and technological trends in specific regions, as well as the most recent industry dynamics. These include North America, South America, and the Americas, but are not restricted to them.
Japan and Asia Pacific
Europe
Latin America is a continent in South America.
Africa and the Middle East
The research provides data-driven insights and recommendations on a variety of topics. The following are some of the most significant inquiries:
What are the significant current trends that may have an impact on the product life cycle and return on investment?
Which regulatory changes have an impact on corporate, company, and functional strategies?
Which of the major players’ micromarketing attempts will result in investment?
What framework and techniques are ideal for PESTLE analysis?
What areas will see an increase in new opportunities?
What are the game-changing technologies that will be deployed in the near future to capture new revenue streams?
What operational and tactical frameworks are different players using to gain client loyalty?
What is the existing and anticipated level of market rivalry in the near future?
Disclaimer: This market research project is continuing, and every effort has been made to ensure that the highest levels of accuracy are maintained at all times. However, given the fast-changing business environment, some regional or segment-specific modifications may require time to be included in the study.
Read also: Talc Market