Report : Europe Security Inspection Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Product Type (Personnel Screening Systems, Cargo and Baggage Inspection Systems, Vehicle Inspection Systems, and Others), and Application (Aviation, Border Security, Critical Infrastructure Protection, Commercial Security, and Others)
Aviation Segment to Dominate Europe Security Inspection Market during 2019–2027
According to a new market research study on “Europe Security Inspection Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Product Type and Application” is expected to reach US$ 2,711.7 million by 2027 from US$ 1,575.6 million in 2019. The market is estimated to grow at a CAGR of 7.5% from 2020 to 2027. The report provides trends prevailing in the Europe security inspection market along with the drivers and restraints pertaining to the market growth. Full-body X-ray screening systems are at high Demand across important facilities and this is the major factor driving the growth of the Europe security inspection market. However, issues associated with presence of old security inspection system hinders the growth of Europe security inspection market.
The Europe security inspection market is segmented into product type, application, and country. Based on the product type, the Europe 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 Europe security inspection market is segmented into aviation, border security, critical infrastructure protection, commercial security, and others. The aviation sector dominates the market in 2019.
The ongoing COVID-19 is having a bad impact over the European region. As selected countries observed a rise in the number of reported COVID-19 cases and subsequently experienced strict lockdown periods or social isolation, the effect of COVID-19 varied from one country to other across the European region. However, owing to a strong healthcare system, Western European countries such as Germany, France, Russia, and the UK have seen a comparatively modest decrease in their development activities across the security sector. With a negative economic growth rate in the first half of 2020, the European economy is projected to contract. It is expected that countries such as the UK, Italy, and Germany would have a greater effect on the economy compared to other European countries. The imbalance in the demand and supply side of security screening solutions, and the lockdown phase in several European countries had a significant negative impact on the security inspection market in the first half of 2020. However, the upliftment of lockdowns have led to start of trade and travel; thereby, expected to influence the growth of the market with the adoption of new technologies to ensure safety and security of its population.
ADANI; C.E.I.A. SpA; EAS Envimet Analytical Systems Ges.m.b.H.; Gilardoni S.p.A.; Leidos; Nuctech Company Limited; OSI Systems, Inc.; Smiths Group plc; unival group GmbH are among the leading companies in the Europe 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, ADANI was awarded a contract of 14 years (4-year supply, ten-year support) by the Ministry of Justice (MoJ) of the UK for installing CONPASS TR, which is an x-ray body scanner. The x-ray body scanners help to identify the use of drugs and mobile phones in prisons.
The report segments the Europe Security Inspection Market follows:
Europe Security Inspection Market – By Product Type
- Personnel Screening Systems
- Cargo and Baggage Inspection Systems
- Vehicle Inspection Systems
Europe Security inspection Market – By Application
- Border Security
- Critical Infrastructure Protection
- Commercial Security
Europe Security inspection Market – By Country
- Rest of Europe
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