Full Body Scanner Market

Smiths Group plc (U.K.) and L 3 Technologies Inc. (U.S.) are the Key Players in the Full Body Scanner Market

The full body scanner market is expected to reach USD 382.2 Million by 2022, at a CAGR of 10.11% from 2017 to 2022. This growth is mainly attributed to the increasing safety concerns among various regulatory authorities, upgradation of international airports, rise air passenger traffic, rise in drug trafficking, and terrorist attacks especially in the Middle East, Africa, and the Asia-Pacific. The rise in air passenger traffic has led airport operators to increase the procurement of full body scanners, which scans a person in 15 seconds, thereby contributing to the growth of the full body scanner market. In addition, technological advancements in the aviation sector have resulted in the demand for efficient, accurate, and secure full body scanners having image processing, and 3D scanner technology. This, in turn, has further propelled the growth of the full body scanner market.

Key players in the full body scanner market are Smiths Group plc (U.K.), L 3 Technologies Inc. (U.S.), Rapiscan Systems (U.S.), Adani Systems, Inc. (U.S.), OD Security (The Netherlands), and Nuctech Co. Ltd. (China), among others. Stakeholders in this market such as component manufacturers, OEMs, and suppliers are focusing on the development of advanced detection software and improved security in airports, critical Infrastructure, and ports & customs, among others.

Smiths Group plc. is one of the major players in the full body scanner market. It is a global solutions provider across multiple segments, and has a strong distribution and service network. The company has detection equipment manufacturing units in Germany, France, Malaysia, the U.S., and the U.K. Various business segments contribute to company revenue, for instance, transportation contributes 45%, followed by critical infrastructure at 23%, ports and border at 17%, and military and emergency responders at 15%.  Smiths Detection, Inc., a subsidiary of Smiths Group plc. has strong revenue growth and margin expansion due to the increasing initiatives of the company to capture aftermarket service revenues, and sustained management action to improve productivity and operations. In April 2017, the company acquired Morpho Detection from Safran S.A., worth USD 710 million. In the same year, the company received a 10 year contract from the U.K. Ministry of Defense to supply the innovative millimeter-wave eqo scanners to screen people, and IONSCAN 600 trace detectors, among others.

L 3 technologies, Inc. is one of the major players in the full body scanner market. The company is one of the leading contractors in maritime vessels and ground vehicles, in Command, Control, Communications Intelligence, Surveillance, and Reconnaissance (C3ISR) systems, and in national security solutions. The company intends to deepen the collaboration among diversified businesses to develop new business opportunities, combine leading technologies and deliver the right solutions to customers quickly. In 2016, the company acquired two companies, namely, Implant Sciences Corporation (U.S.) and MacDonald Humfrey (U.K.) worth USD 315 million to cater to the international market. Such acquisitions are expected to maintain the existing prime contractor and supplier positions, internal investments to increase the market share, and organic growth of sales leading to build strong businesses.

Related Reports:

Full Body Scanner Market by Application (Transport, Critical Infrastructure), Technology (Image Processing & Modelling, 3D Body Scanners), Systems (Millimeter, Backscatter), Region (North America, Europe, Asia-Pacific) - Global Forecast to 2022

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Report Code
AS 3080
RI Published ON
6/1/2017
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