The security screening market is estimated to be worth USD 7.5 billion in 2021 and is projected to reach USD 10.1 billion by 2026, at a CAGR of 6.3 %. The global increase in terrorist attacks and illegal immigration, public gatherings fuel demand for security enhancement solutions and surge in demand for biometrics solutions in the private sector are some of the prominent factors for the growth of the security screening market globally.
Smiths Detection (UK), OSI Systems (US), Leidos (US), Thales (France), and NEC (Japan) are some of the major companies across the globe in the security screening market. The companies in the security screening market have adopted various strategies in such as partnerships, collaborations, and acquisitions to grow in the security screening market. The organic and inorganic strategies have helped the players in the market to expand themselves globally with innovative offering in the security screening market.
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Smiths Detection (UK) offers a variety of detection, screening, and inspection solutions. Smiths Detection is one of five operating divisions of Smiths Group, a global technology company listed on the London Stock Exchange. The company employs over 22,000 people in more than 50 countries. It is a world leader in the practical application of advanced technologies that make the world safer, healthier, and more productive. Smiths Detection is a global authority on the application, management, and manufacture of world-class detection and screening technologies for aviation, ports and borders, urban security, and defense end-use markets. The company operates through 5 major divisions: John Crane, Smiths Medical, Smiths Detection, Smiths Interconnect, and Flex-Tek. Through the Smiths Detection division, the company offers sensors and systems that detect and identify explosives, narcotics, weapons, chemical agents, biohazards, and contraband.
OSI Systems (US) offers security and inspection products, medical devices, and optoelectronic-based components. OSI designs and manufactures specialized electronic systems and components for critical applications in homeland security, healthcare, defense, and aerospace. The company operates through 3 major segments: Security, Optoelectronics and Manufacturing, and Healthcare. Under the Security segment, the company offers security and inspection systems, turnkey security screening operations, and integrated solutions, along with their maintenance services worldwide. These products are sold by its subsidiaries Rapiscan Systems and American Science and Engineering (AS&E). These products utilize several inspection technologies and advanced threat identification algorithms for baggage and parcel inspection, cargo and vehicle inspection, hold baggage and people screening, radiation detection, and explosive and narcotics trace detection. Under the Optoelectronics and Manufacturing segment, the company sells its X-ray security inspection systems under the OSI Optoelectronics, OSI LaserDiode, and OSI Laserscan trade names. These products find their applications in markets such as homeland security, military, and aerospace.
Leidos (US) formerly known as Science Applications International Corporation, is an American defense, aviation, information technology, and biomedical research company that provides scientific, engineering, systems integration, and technical services. The company serves markets such as aviation, defense, energy, government, healthcare, homeland, intelligence, and surface transportation. It provides domain-specific capabilities and innovations to customers in each of these markets by leveraging five technical core competencies: digital modernization, cyber operations, mission software systems, integrated systems, and mission operations. The company’s business is aligned into three reportable segments: Defense Solutions, Civil, and Health. The civil business helps modernize infrastructure, systems, and security. Leidos partners with government and highly-regulated commercial customers looking for transformative solutions in mission IT, security, software, engineering, and operations. The security screening products come under security products under the Civil segment. Products such as Cargo inspection systems – M6500, IP6500, XPL Passenger Vehicle Scanning System, GT Trailer-Mounted Scanning System, GT, and VACSIS (product range) come under this segment.
Thales (France) became a prominent player in the biometric systems market with the acquisition of Gemalto in April 2019. After this acquisition, Gemalto operates as one of the business divisions of Thales and is named Digital Identity and Security. Gemalto offers digital security products and services worldwide. It was formerly known as Axalto Holding (Netherlands) and changed its name to Gemalto in 2006. It offers solutions that find applications in financial services and retail, government, enterprise security, Internet of Things, mobile, software monetization, and transportation fields. Thales operates through 5 business segments: Aerospace, Transport, Defence & Security, Digital Identity & Security, and Others.
NEC (Japan) is one of the leading providers of information technology (IT) services, integrated solutions, components, and products for computing and communications applications in Japan. The company utilizes its experience and global resources to offer advanced technology-based products to meet the complex and ever-changing needs of its customers. It operates through six major business segments: Public Business, Network Service Business, System Platform Business, Enterprise Business, Global Business, and Others. The Others business segment offers smart energy and lighting equipment, and biometric solutions, including face and fingerprint identification solutions. NEC is one of the key players providing automated fingerprint identification systems (AFIS); it is also a leader in the global biometrics industry. The company offers authentication solutions based on fingerprint, face, DNA, and vein recognition. Its biometric products are used for civil IDs, border control, e-passport, driver's license, consumer ID and surveillance, criminal IDs, and access control applications, among others. Its face recognition technology is certified by the National Institute of Standards and Technology (US).
Security Screening Market with Covid-19 Impact Analysis by Technology (X-Ray, Metal Detection, Biometric, Spectrometry, Spectroscopy), End Use, Application (People Screening, Baggage & Cargo Screening, Vehicle Inspection), Region - Global Forecast to 2026
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