Commercial Security Segment to Dominate APAC Security Inspection Market during 2019–2027

According to a new market research study on “APAC Security Inspection Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Product Type and Application” is expected to reach US$ 4,388.8 million by 2027 from US$ 2,416.6 million in 2019. The market is estimated to grow at a CAGR of 8.2% from 2020 to 2027. The report provides trends prevailing in the APAC security inspection market along with the drivers and restraints pertaining to the market growth. Security inspection systems combining with modern AI is the major factor driving the growth of the APAC security inspection market. However, issues associated with availability of traditional legacy security inspection system hinders the growth of APAC security inspection market.  

The APAC security inspection market is segmented into product type, application, and country. Based on the product type, the APAC security inspection market is segmented into personnel screening systems, cargo and baggage inspection systems, vehicle inspection systems, and others. The personnel screening systems is expected to hold a significant market share during the forecast period. Based on the application, the APAC security inspection market is segmented into aviation, border security, critical infrastructure protection, commercial security, and others. The commercial security sector dominates the market in 2019.

COVID-19 pandemic, which emerged in China later, affected several other countries such as South Korea and India. The countries such as China, India, South Korea, and Japan  are  moving toward the deployment of the new security solutions. China and India are the biggest manufacturing hub in the region and have increasing focus toward industrialization. Due to lockdown, businesses remained closed for several periods and the manufacturing industry has been hampered due to lockdown, but soon recovered the growth by enhancing the production capabilities is second half of 2020. Although, China is the most important manufacturer and industrial producer across the world, a large number of COVID-19 cases in China have affected the economy of APAC. According to the Organization for Economic Co-operation and Development (OECD), other than China, the pandemic has also affected other major economies such as the large South Korea, India, Australia, and Japan. Countries such as China, Japan, South Korea, India, Hong Kong and Taiwan have experienced tremendous losses due to low production and a poor supply chain. Additionally, the labor shortage in these countries has negatively affected the manufacturing sector. Due to the high impact of COVID-19 in the manufacturing sector, the exports from the countries are highly impacted; thereby, keeping the impact of COVID-19 on APAC region is low to moderate.

ADANI; Analog Corporation; Leidos; Nuctech Company Limited; OSI Systems, Inc.; Smiths Group plc; are among the leading companies in the APAC security inspection market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, OSI Systems, Inc. was awarded with multiple contracts for approx. $93 million from an international government customer to provide various Rapiscan X-ray cargo & vehicle inspection systems, trace detection systems, baggage & parcel inspection systems, and follow on maintenance & support from its security division.

The report segments the APAC Security Inspection Market follows:  

APAC Security Inspection Market – By Product Type

• Personnel Screening Systems
• Cargo and Baggage Inspection Systems
• Vehicle Inspection Systems
• Others

APAC Security inspection Market – By Application

• Aviation
• Border Security
• Critical Infrastructure Protection
• Commercial Security
• Others

APAC Security inspection Market – By Country

• China
• Japan
• South Korea
• India
• Australia
• Rest of APAC