Global security screening market to be worth US$9.1 billion by 2020

According to a new market research report published by MarketsandMarkets, the global security screening market is expected to reach US$9.1 billion by 2020, at an expected CAGR of 9.46% from 2014 to 2020. The Asia-Pacific region tops all other regions in terms of the CAGR, the company said.

Smiths' X-ray detection at work when the company opened its Malaysian plant in January 2014.

Security screening is about scanning of individuals and their belongings to avoid unlawful and unethical practices. The importance of security screening has been increasing due to threats related to terrorism, and other unethical and unlawful practices which may result in economic, financial, and, human loss. 

Security Screening Market by Product (X-ray & biometric screening system, EDT, and metal detector), by Application (Airport, Government, Border Security, Education, and Private & Public Places), and by Geography - Analysis and Forecast to 2013 - 2020 analyses the market by application segment (airports, government applications, border checkpoints, educational institutes, the private sector, and public places), as well as by technologies (X-ray screening systems, explosive trace detectors, electromagnetic detectors, and biometric systems).

Key developments include Finger on the Fly from Safran of France, the world's fastest contactless four finger scanner, while Smiths Detection of the UK has come up with an advanced dual-view X-ray inspection system for automatic explosive detection at security checkpoints.

The major players in security screening are American Science and Engineering, Analogic, Argus Global, Aware, Digital Barriers, Implant Sciences, Magal Security Systems, OSI Systems, Safran, and Smiths.

Read about Smiths' Malaysian plant here.