sector accounted for the substantial market share of X-Ray security scanner and is estimated to lead the overall
market in the years to come. The reason could be developing infrastructure with the latest technology and high
investment by countries across the globe on airport infrastructure. Also, commercial mall & multiplexes sector
is estimated to grow at the fastest pace in the years to come.
Globally, North America accounted for the substantial market share of X-Ray security scanner and is estimated
to lead the overall market in the years to come. The reason behind the overall market growth could be higher
expenditure on security measures, the presence of key manufacturers in this region, and high demand from
defense and government sector. The United States and Canada are the major consumers of x-ray security
scanner in this region.
Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the
second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest
CAGR in the forecast period. The aspects that may be ascribed to the growth comprise government initiatives
like high funding for developing enhanced airport infrastructure, growing middle-class populace, and developing
infrastructure in developing countries like India and China.
The key players of X-Ray security scanner market are TELEDYNE ICM, Astrophysics, Inc., Smiths Detection Inc.,
ADANI, Kromek Group plc, Eurologix Security Group, Gilardoni S.p.A., L3 Security & Detection Systems, OSI
Systems, Inc., and NUCTECH COMPANY LIMITED. These players are concentrating on inorganic growth to sustain
themselves amidst fierce competition.
Browse Related Category Market Reports @
https://www.millioninsights.com/industry/machinery-and-machine-parts