North America Security Inspection Market is expected to reach US$ 2,500.8 Mn by 2027

Personnel Screening Systems Segment to Dominate North America Security Inspection Market during 2019–2027

According to a new market research study on “North America Security Inspection Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Product Type and Application” is expected to reach US$ 2,500.8 million by 2027 from US$ 1,830.0 million in 2019. The market is estimated to grow at a CAGR of 4.4% from 2020 to 2027. The report provides trends prevailing in the North America security inspection market along with the drivers and restraints pertaining to the market growth. Rising acceptance of vehicle inspection system at border checkpoints is the major factor driving the growth of the North America security inspection market. However, issues associated with universality of legacy security inspection system hinders the growth of North America security inspection market.

The North America security inspection market is segmented into product type, application, and country. Based on the product type, the North America 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 North America 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 pandemic is having a devastating impact over North America.  At presently, the US is the world’s worst-affected country due to the COVID-19 pandemic. North America has the highest adoption of new technologies owing to favorable government policies to boost the innovation and strengthen the infrastructure capabilities. Therefore, any impact on industries is expected to affect the economic growth of the region. Due to the shutdown of businesses and delay in procurement activities in the last six months of 2020, the market is significantly impacted. Moreover, the falling GDP is another factor negatively impacting the growth of the security inspection market. The COVID-19 crisis has drastically impacted the operations across the value chain, from supplier networks to the customer delivery experience. Moreover, this has influenced the adoption of contactless security inspection systems across the country to comply with both safety regulation and social distancing norms laid down by the respective government body. However, the impact of COVID-19 is short-term and is likely to decrease in the coming years.

ADANI; Analogic Corporation; C.E.I.A. SpA; Leidos; Nuctech Company Limited; OSI Systems, Inc.; Smiths Group plc are among the leading companies in the North America 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, Leidos had completed the acquisition of L3Harris Technologies' security detection and automation businesses. The acquired businesses by Leidos would provide airport and critical infrastructure screening products, automated tray return systems, and other industrial automation products.

The report segments the North America Security Inspection Market follows:

North America Security Inspection Market – By Product Type

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

North America Security inspection Market – By Application

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

North America Security inspection Market – By Country

• US
• Canada
• Mexico