X-ray Security Screening Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0212770
  • Format: Electronic (PDF)
  • Number of Pages: 195
  • Author(s): Joshi, Madhavi

Report Overview

The X-ray Security Screening Market size was estimated at USD 5.8 billion in 2023 and is projected to reach USD 10.2 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.50% during the forecast period (2024-2030).

X-ray Security Screening Market

(Market Size)
$5.8 billion
$10.2 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 8.50%
2023 Market Size USD 5.8 billion
2030 Market Size USD 10.2 billion
Key Players Smiths Detection, OSI Systems, Leidos, Nuctech, L3Harris

Market Summary

The X-ray security screening market is a critical segment within the semiconductor and electronics industry, focused on the development and deployment of advanced imaging technologies for security applications across various sectors. These systems are essential for detecting prohibited items, contraband, and threats in baggage, cargo, and personnel screening at airports, government buildings, critical infrastructure, and public venues. The market is characterized by continuous technological advancements, including the integration of artificial intelligence and machine learning for automated threat recognition, which enhances detection accuracy and operational efficiency. Key players in this market are investing heavily in research and development to introduce more sophisticated, reliable, and faster screening solutions that comply with stringent international security standards. The growing emphasis on global security, coupled with increasing passenger and cargo traffic, is driving the adoption of X-ray security systems worldwide. Additionally, the rise in terrorism and illicit activities has necessitated the upgrade and expansion of existing security infrastructures, further propelling market growth. The market is also witnessing a shift towards compact and mobile X-ray systems, which offer flexibility and are suitable for a variety of environments, including temporary security checkpoints and events. As security concerns continue to evolve, the demand for more advanced and integrated X-ray screening solutions is expected to remain strong, making this a dynamic and rapidly progressing market.

Key Highlights

The X-ray security screening market is distinguished by several key highlights that underscore its importance and growth trajectory. One of the most significant aspects is the integration of artificial intelligence and deep learning algorithms into X-ray systems, which significantly improves threat detection capabilities by reducing false alarms and increasing throughput. Another highlight is the development of dual-energy and multi-view X-ray technologies, providing enhanced imaging and material discrimination, which is crucial for identifying explosives and other hazardous materials. The market is also seeing increased adoption of automated screening lanes in airports, which streamline the security process and improve passenger experience while maintaining high security standards. Furthermore, there is a growing trend towards the use of X-ray systems in non-traditional sectors such as commercial buildings, educational institutions, and public transportation, expanding the application scope. The emphasis on compliance with international regulations and standards, such as those set by the International Civil Aviation Organization and the Transportation Security Administration, is driving innovation and ensuring that systems meet rigorous security requirements. Additionally, partnerships and collaborations between technology providers and security agencies are fostering the development of next-generation screening solutions that address emerging threats and operational challenges.

Drivers, Opportunities & Restraints

The X-ray security screening market is driven by several factors, including increasing security concerns worldwide, rising air passenger traffic, and stringent government regulations mandating advanced security measures at public and critical infrastructure. The growing incidence of terrorism, smuggling, and other security threats has heightened the need for effective screening technologies, propelling market demand. Opportunities in this market are abundant, particularly with the advent of smart cities and the integration of IoT with security systems, which open new avenues for advanced X-ray screening solutions. The expansion of airport infrastructure in emerging economies and the modernization of existing facilities in developed regions present significant growth opportunities. Additionally, the development of portable and cost-effective X-ray systems is creating new application areas in smaller venues and events. However, the market faces restraints such as high initial costs associated with advanced X-ray systems, which can be a barrier for adoption in budget-constrained environments. Concerns regarding radiation exposure and privacy issues also pose challenges, necessitating continuous advancements in low-dose imaging technologies and compliance with health and safety standards. Moreover, the complexity of integrating new systems with existing security infrastructures can slow down deployment, requiring tailored solutions and extensive training.

Concentration Insights

The X-ray security screening market is concentrated among a few key players who dominate due to their extensive product portfolios, strong research and development capabilities, and global presence. Companies such as Smiths Detection, OSI Systems, Leidos Holdings, and Analogic Corporation are leading the market, offering a wide range of screening solutions for various applications. These established players focus on innovation, strategic acquisitions, and partnerships to enhance their market position and expand their geographic reach. There is also a significant presence of specialized manufacturers that cater to niche segments, providing customized solutions for specific security needs. The market concentration is further influenced by stringent regulatory requirements and the need for certifications, which favor larger companies with the resources to comply with these standards. However, the market is also seeing the emergence of innovative startups that leverage new technologies such as AI and cloud computing to offer competitive products, gradually increasing competition. Regional players in Asia-Pacific and Europe are gaining traction by addressing local security demands and offering cost-effective alternatives, contributing to a more diversified competitive landscape over time.

Type Insights

X-ray security screening systems are categorized into several types based on technology and application, each designed to address specific security needs. The primary types include baggage and parcel screening systems, personnel screening systems, and cargo and vehicle screening systems. Baggage and parcel screening systems are the most widely used, employing transmission X-ray technology to scan items for threats in airports, government buildings, and commercial facilities. These systems often feature dual-energy capabilities for better material discrimination. Personnel screening systems, such as body scanners, use backscatter X-ray or millimeter-wave technology to detect concealed objects on individuals, ensuring security in high-risk areas. Cargo and vehicle screening systems are designed for inspecting large containers and vehicles, utilizing high-energy X-rays to penetrate dense materials and identify contraband or explosives. Additionally, there are specialized systems like computed tomography (CT) scanners for hold baggage screening, which provide 3D imaging and superior detection accuracy. The choice of system type depends on factors such as the required throughput, detection capabilities, and specific operational environment, with ongoing advancements focusing on enhancing speed, accuracy, and user safety across all categories.

Application Insights

X-ray security screening systems find applications across a diverse range of sectors, each with unique requirements and challenges. The aviation sector is the largest application area, where these systems are used for screening passengers, baggage, and cargo to ensure airport security and compliance with international regulations. Government and law enforcement agencies deploy X-ray screening at borders, critical infrastructure, and public events to prevent terrorism and illegal activities. The commercial sector, including corporate offices, shopping malls, and hotels, increasingly adopts these systems to protect assets and ensure public safety. Transportation hubs such as railways, metros, and seaports utilize X-ray screening for baggage and cargo inspection to maintain security across networks. The industrial sector employs these systems for quality control and detecting contaminants in manufacturing processes, although security remains the primary focus. Additionally, X-ray screening is used in correctional facilities to prevent smuggling of contraband. Each application demands tailored solutions, driving innovation in system design, such as compact units for space-constrained environments or high-throughput systems for busy airports, ensuring that security needs are met effectively across all domains.

Regional Insights

The adoption and growth of the X-ray security screening market vary significantly across regions, influenced by factors such as security threats, regulatory frameworks, and economic development. North America holds a substantial market share, driven by stringent security regulations, high investment in airport security, and the presence of major players like OSI Systems and Leidos. The region's focus on upgrading existing infrastructure and adopting advanced technologies supports steady market growth. Europe is another key market, with strong demand from aviation and government sectors, supported by EU-wide security directives and initiatives to enhance cross-border security. The Asia-Pacific region is experiencing rapid growth due to increasing air travel, rising security expenditures, and infrastructure development in countries like China and India. Middle East and Africa show growing demand, particularly in aviation and critical infrastructure, driven by geopolitical tensions and economic diversification efforts. Latin America is also emerging as a promising market, with investments in airport modernization and public security projects. Each region presents unique opportunities and challenges, with local regulations and threat landscapes shaping the adoption of X-ray screening technologies and influencing market dynamics.

Company Insights

The X-ray security screening market is led by several prominent companies that have established strong footholds through innovation, extensive product lines, and global reach. Smiths Detection is a key player, known for its advanced screening solutions such as the HI-SCAN series for baggage and cargo, and the eqo body scanner for personnel screening. OSI Systems, through its subsidiary Rapiscan Systems, offers a broad portfolio including the RAPISCAN Eagle series for cargo and vehicle inspection, and the Metor walk-through metal detectors. Leidos Holdings, following its acquisition of L3Harris Technologies' security detection business, provides integrated solutions like the ProVision body scanner and ClearScan baggage system. Analogic Corporation specializes in CT-based screening systems for aviation security, such as the ConneCT series for checkpoint screening. Other notable companies include Nuctech Company Limited, which dominates in China and expanding globally, and Autoclear LLC, focusing on baggage and parcel screening. These companies invest heavily in research and development to incorporate AI, cloud connectivity, and enhanced imaging technologies, ensuring their products meet evolving security needs and regulatory standards, thereby maintaining competitive advantage in the market.

Recent Developments

The X-ray security screening market has witnessed several recent developments that highlight ongoing innovation and strategic movements among key players. There has been a significant push towards integrating artificial intelligence and machine learning for automated threat recognition, reducing reliance on human operators and improving detection accuracy. For instance, companies are launching AI-powered software that can identify prohibited items in real-time, enhancing operational efficiency. Another development is the introduction of compact and mobile X-ray systems designed for flexible deployment in various environments, such as events and temporary checkpoints. Partnerships and collaborations are also prevalent, with technology firms teaming up with security agencies to develop customized solutions for specific threats and applications. Additionally, there is a growing focus on enhancing passenger experience through faster and less intrusive screening processes, leading to the adoption of advanced imaging technologies that minimize physical contact and waiting times. Regulatory updates continue to influence the market, with new standards requiring higher detection capabilities and lower false alarm rates, driving manufacturers to innovate continuously. These developments reflect the market's dynamic nature and its responsiveness to global security challenges and technological advancements.

Report Segmentation

This report on the X-ray security screening market provides a detailed segmentation to offer comprehensive insights into various aspects of the industry. The market is segmented by type, including baggage and parcel screening systems, personnel screening systems, cargo and vehicle screening systems, and others, each analyzed for their market presence and growth potential. By application, the segmentation covers aviation, government, commercial, transportation, and other sectors, highlighting the specific demands and trends in each area. The report also includes a regional segmentation, examining market dynamics in North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America, with focus on key countries driving growth in these regions. Additionally, the segmentation by technology covers transmission X-ray, backscatter X-ray, computed tomography, and others, providing insights into technological adoption and advancements. Each segment is analyzed in terms of market trends, competitive landscape, and future outlook, offering stakeholders a thorough understanding of opportunities and challenges. The report aims to assist businesses, investors, and policymakers in making informed decisions by providing granular insights into the factors shaping the X-ray security screening market.

FAQs

What are the different types of X-ray security screening systems? X-ray security screening systems include baggage and parcel screening systems, personnel screening systems, cargo and vehicle screening systems, and others like full-body scanners and portable units, each designed for specific security applications and environments.

How does artificial intelligence improve X-ray security screening? Artificial intelligence enhances X-ray security screening by enabling automated threat recognition, reducing false alarms, increasing detection accuracy, and speeding up the screening process through machine learning algorithms that analyze images in real-time.

What are the key applications of X-ray security screening? Key applications include aviation for passenger and baggage screening, government and law enforcement for border security, commercial sectors for building safety, transportation hubs for cargo inspection, and industrial settings for quality control and security.

Which regions are leading in the adoption of X-ray security screening? North America and Europe are leading due to stringent security regulations and advanced infrastructure, while Asia-Pacific is rapidly growing driven by increasing air travel and security investments in countries like China and India.

What are the main drivers of the X-ray security screening market? Main drivers include rising security threats, increasing air passenger traffic, government regulations mandating advanced screening, and technological advancements such as AI integration and improved imaging capabilities.

Who are the major companies in the X-ray security screening market? Major companies include Smiths Detection, OSI Systems (Rapiscan), Leidos Holdings, Analogic Corporation, Nuctech Company Limited, and Autoclear LLC, among others, known for their innovative products and global presence.

Citius Research has developed a research report titled “X-ray Security Screening Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• X-ray Security Screening Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The X-ray Security Screening Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

X-ray Security Screening Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

X-ray Security Screening Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of X-ray Security Screening Market
• Research Methodology
• Executive Summary
• Market Dynamics of X-ray Security Screening Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of X-ray Security Screening Market
• Cost and Gross Margin Analysis of X-ray Security Screening Market
• X-ray Security Screening Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “X-ray Security Screening Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

X-ray Security Screening Market Key Stakeholders

Below are the key stakeholders for the X-ray Security Screening Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

X-ray Security Screening Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the X-ray Security Screening Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the X-ray Security Screening Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in X-ray Security Screening Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global X-ray Security Screening Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global X-ray Security Screening Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global X-ray Security Screening Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global X-ray Security Screening Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global X-ray Security Screening Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global X-ray Security Screening Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America X-ray Security Screening Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America X-ray Security Screening Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe X-ray Security Screening Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA X-ray Security Screening Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific X-ray Security Screening Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa X-ray Security Screening Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia X-ray Security Screening Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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