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3. Security Screening Companies - Smiths Detection Group Ltd. (UK) and Leidos (US) are the Key Players

The security screening market is valued at USD 9.4 billion in 2024 and is expected to reach USD 13.2 billion by 2029, growing at a CAGR of 7.1% from 2024 to 2029. Factors such as the Rising investment in advanced security screening technologies to enhance travel experience, and Growing concern about terrorism and illegal immigration are expected to drive market growth during the forecast period. Governments, organizations, and institutions are adopting stringent security measures to protect their assets, citizens, and borders. As a result, the demand for advanced security screening technologies, such as X-ray scanners, metal detectors, and biometric systems, is increasing to effectively detect and deter potential threats. These solutions are adopted at critical locations, including airports, transportation hubs, government buildings, and public venues.

Key players in the Security screening market include OSI Systems, Inc. (US), Smiths Detection Group Ltd. (UK), Leidos (US), Thales (France), NEC Corporation (Japan), Teledyne Technologies Incorporated. (US), Bruker (US), Analogic Corporation (US), Astrophysics Inc. (US), LINEV Group UK), Nuctech (China), 3DX-RAY (UK), Metrasens (England), Gilardoni S.p.A. (Italy), Westminster Group (England), Garrett Metal Detectors (US), Autoclear (US), Vidisco Ltd. (Israel), Neurotechnology (Lithuania), DERMALOG Identification Systems GmbH (Germany), Daon (US), C.E.I.A. S.p.A. (Italy), Aware Inc. (US), Scanna (UK), and Precise Biometrics (Sweden).

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Major Security Screening Companies Include:

• OSI Systems, Inc. (US)
• Smiths Detection Group Ltd. (UK)
• Leidos (US)
• Thales (France)
• NEC Corporation (Japan)
• Teledyne Technologies Incorporated. (US)
• Bruker (US)
• Analogic Corporation (US)
• Astrophysics Inc. (US)
• LINEV Group UK)
• Nuctech (China)
• 3DX-RAY (UK)
• Metrasens (England)
• Gilardoni S.p.A. (Italy)
• Westminster Group (England)
• Garrett Metal Detectors (US)
• Autoclear (US)
• Vidisco Ltd. (Israel)
• Neurotechnology (Lithuania)
• DERMALOG Identification Systems GmbH (Germany)
• Daon (US), C.E.I.A. S.p.A. (Italy)
• Aware Inc. (US)
• Scanna (UK)
• Precise Biometrics (Sweden)

These companies have employed a variety of growth approaches, such as product launches, partnerships, contracts, collaborations, and acquisitions, to compete in the security screening market. Partnerships have been the key strategy of players from 2020 to 2023 for expanding their customer base and strengthening their product portfolio.

Leidos (US)

Leidos, formerly Science Applications International Corporation, is an American defense, aviation, information technology, and biomedical research company providing scientific, engineering, systems integration, and technical services. The company serves markets, such as aviation, defense, energy, government, healthcare, homeland, intelligence, and surface transportation. Leidos operates under three reportable segments: Defense Solutions, Civil, and Health. The Civil business segment helps modernize infrastructure, systems, and security. The company partners with government and highly regulated commercial customers seeking transformative solutions in mission IT, security, software, engineering, and operations. Leidos has strategically opted to reinforce its competitive edge by establishing a security system manufacturing facility in North Charleston, South Carolina. With a substantial investment of USD 31.7 million, the company aims to insource production, fostering greater control over the manufacturing process and ensuring high-quality, innovative security solutions. This strategic move reflects its commitment to enhancing its global security capabilities for aviation and critical infrastructure markets. It signifies a proactive step towards optimizing efficiency, quality, and safety through best-in-class manufacturing practices. The expansion aligns with its broader vision to meet current and emerging security needs, positioning itself as a leader in the evolving landscape of security screening technologies.

Smiths Detection Group Ltd. (UK)

Smiths Detection Group Ltd. is a global technology company offering a range of detection, screening, and inspection solutions. The company is one of four operating divisions of Smiths Group. It is a world leader in the practical application of advanced technologies that make the world safer, healthier, and more productive. It authorizes the development, management, and manufacturing of cutting-edge detection and screening technologies for aviation, ports & borders, urban security, and defense end-use markets. Smiths Detection Group Ltd. operates through four major divisions: John Crane, Smiths Detection, Smiths Interconnect, and Flex Tek. The Smiths Detection division offers sensors and systems that detect and identify explosives, narcotics, weapons, chemical agents, biohazards, and contraband. Smiths Detection Group Ltd. has been adopting growth strategies, such as partnerships, collaborations, and new product launches, to increase its share in the security screening market. The company’s key business strategies adopted in recent years include competitively differentiated product offerings and innovative product developments and launches. For instance, in October 2022, it introduced the HI-SCAN 7555 DV, a dual-view X-ray scanner with enhanced capabilities for efficient screening in high-threat applications.

OSI Systems, Inc. (US)

OSI Systems, Inc. offers security and inspection products, medical devices, and optoelectronic-based components. The company designs and manufactures specialized electronic systems and components for critical homeland security, healthcare, defense, and aerospace applications. OSI Systems, Inc. operates through three major segments: Security, Optoelectronics, and Healthcare. Its subsidiaries, Rapiscan Systems and American Science and Engineering (AS&E), sell these products. They utilize several inspection technologies and advanced threat identification algorithms for baggage and parcel inspection, cargo and vehicle inspection, hold baggage & people screening, radiation detection, and explosive and narcotics trace detection. OSI Systems, Inc. adopts organic and inorganic growth strategies to stay ahead of its competitors. The company’s primary growth strategies are product development, industry deals, and contracts. For instance, in January 2024, it received a USD 4 million order from a leading global air cargo logistics provider for advanced security inspection systems. It plans to capitalize on vertical integration, which has several advantages, such as reduced manufacturing and delivery times, lower operational costs due to access to competitive international labor markets, and direct sourcing of raw materials.

Thales (France)

Thales became a prominent player in the biometric systems market after acquiring Gemalto in April 2019. After this acquisition, Gemalto began operating as one of the company’s Digital Identity and Security business divisions. Gemalto offers digital security products and services worldwide. Thales operates through four business segments: Aerospace, Defence & Security, Digital Identity & Security, and Others. The company’s biometric systems are sold through the Digital Identity & Security segment. Under the biometrics portfolio, it offers products and servicesas for identifying and authenticating users with the help of fingerprints, retinal scans, voice identification, and facial recognition. Thales has shown a strong financial performance. Due to financial stability, the company can invest in R&D of technology and innovations. For instance, in 2022, the company invested USD 1.14 billion in R&D. Its focus on innovative services and product offerings helps it increase its share in the security screening market.

NEC Corporation (Japan)

NEC Corporation 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 Solutions Business, Public Infrastructure Business, Network Services Business, Enterprise Business, Global Business, and Others. To optimize its value chain, NEC Corporation concentrates on overall integration by providing end-to-end solutions, such as hardware and software. This idea has helped align its businesses internally with customers and suppliers. The company accelerates growth by reviewing strategies and business structure. In November 2023, it partnered with Mastercard to increase the adoption of facial recognition technology for in-store payments in Asia Pacific. In addition, in November 2022, it launched a multimodal biometric authentication solution under its“Bio-IDio” brand, integrating face recognition and iris recognition technologies.

Related Reports:

Security Screening Market by Technology (X-ray Screening (Body Scanners, Handheld Screening Systems, Baggage Scanners), Electromagnetic Metal Detection, Biometrics, Spectrometry & Spectroscopy), End Use, Application, Region - Global forecast to 2029

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