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Asia Pacific 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)

Code: TIPRE00018145 | Pages: 109 | Industry: Technology, Media and Telecommunications | Date: Jan 2021
Covid

Market Introduction

The presence of developing economies and the rising adoption of innovative as well as advanced technologies contribute to the overall growth of the APAC region. Australia, China, Japan, India, South Korea are the major contributors to the growth of the security inspection market in APAC region. Rapid developments in technologies, digitalization of economies, and adequate support by the governments are among the major factors contributing to the smooth evolution of these economies from a developing to developed stage in terms of security inspection systems. Within the region, security is the major concern of the government across countries such as India, Australia, Malaysia, New Zealand, Myanmar, the Philippines and Sri Lanka. In the long-term scenario, while China is expected to continue to be the key driver for adoption of automated solutions in the region, the shifts in security preference from traditional systems to technologically advanced automated systems is the major factor that is influencing the growth of the security inspection market across the APAC region. Security inspection systems combining with modern AI is expected to create a significant demand for security inspection in the coming years, which is further anticipated to drive the APAC security inspection market.

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.

Market Overview and Dynamics

The security inspection market in APAC is expected to grow from US$ 2,416.6 million in 2019 to US$ 4,388.8 million by 2027; it is estimated to grow at a CAGR of 8.2% from 2020 to 2027. Owing to rising trade through roadways and surge in intercity travel among the population the governments of various countries are implementing security measures across borders to avoid illegal entry of people or materials. The adoption of vehicle inspection system enables the border security team to check all vehicles crossing borders without involving manpower. This reduces the risk of omission due to human eyes or any other unauthorized proceedings between border officials. These factors are promoting the adoption of vehicle inspection systems across border checkpoints; thereby, contributing to the market growth.

Key Market Segments

In terms of product type, the personnel screening systems segment accounted for the largest share of the APAC security inspection market in 2019. In terms of application, the commercial security segment held a larger market share of the APAC security inspection market in 2019.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the security inspection market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are ADANI; Analogic Corporation; Leidos; Nuctech Company Limited; OSI Systems, Inc.; Smiths Group plc.

Reasons to buy report

  • To understand the APAC security inspection market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC security inspection market
  • Efficiently plan M&A and partnership deals in APAC security inspection market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC security inspection market
  • Obtain market revenue forecast for market by various segments from 2020-2027 in APAC region.

APAC Security Inspection Market Segmentation

APAC Security Inspection Market - By Product Type

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

APAC Security Inspection Market - By Enterprise Size

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

APAC Security Inspection Market - By Country

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

APAC Security Inspection Market - Company Profiles

  • ADANI
  • Analog Corporation
  • Leidos
  • Nuctech Company Limited
  • OSI Systems, Inc.
  • Smiths Group plc   

TABLE OF CONTENTS

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        APAC Security Inspection Market – By Product Type

1.3.2        APAC Security Inspection Market – by Application

1.3.3        APAC Security Inspection Market- By Country

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           APAC Security Inspection Market Landscape

4.1         Market Overview

4.2         APAC PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           APAC Security Inspection Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Border Checkpoints Witnessing High Adoption of Vehicle Inspection System

5.1.2        High Demand for Full-Body X-ray Screening Systems at Significant Facility Points

5.2         Market Restraint

5.2.1        Availability of Traditional Legacy Security Inspection System

5.3         Market Opportunity

5.3.1        Security Inspection Systems Combining With Modern AI

5.4         Future Trend

5.4.1        Development of Automated Security Scanning

5.5         Impact Analysis of Drivers and Restraints

6.           Security Inspection Market – APAC Analysis

6.1         Security Inspection Market APAC Overview

6.2         APAC Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

6.3         Market Positioning – Five Key Players

7.           APAC Security Inspection Market Analysis – By Product Type

7.1         Overview

7.2         APAC Security Inspection Market, By Product Type (2019 and 2027)

7.3         Personnel Screening Systems

7.3.1        Overview

7.3.2        Personnel Screening Systems: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

7.4         Cargo and Baggage Inspection Systems

7.4.1        Overview

7.4.2        Cargo and Baggage Inspection Systems: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

7.5         Vehicle Inspection Systems

7.5.1        Overview

7.5.2        Vehicle Inspection Systems: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

7.6         Others

7.6.1        Overview

7.6.2        Others: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

8.           APAC Security Inspection Market Analysis – by Application

8.1         Overview

8.2         APAC Security Inspection Market, by Application (2019 and 2027)

8.3         Aviation

8.3.1        Overview

8.3.2        Aviation: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

8.4         Border Security

8.4.1        Overview

8.4.2        Border Security: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

8.5         Critical Infrastructure Protection

8.5.1        Overview

8.5.2        Critical Infrastructure Protection: Security Inspection Market – Revenue and Forecast to 2027  (US$ Million)

8.6         Commercial Security

8.6.1        Overview

8.6.2        Commercial Security: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

8.7         Others

8.7.1        Overview

8.7.2        Others: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

9.           APAC Security Inspection Market – Country Analysis

9.1         Overview

9.1.1        APAC: Security Inspection Market, By Country

9.1.1.1          Australia: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.1.1          Australia: Security Inspection Market, By Product Type

9.1.1.1.2          Australia: Security Inspection Market, By Application

9.1.1.2          China: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.2.1          China: Security Inspection Market, By Product Type

9.1.1.2.2          China: Security Inspection Market, By Application

9.1.1.3          India: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.3.1          India: Security Inspection Market, By Product Type

9.1.1.3.2          India: Security Inspection Market, By Application

9.1.1.4          Japan: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.4.1          Japan: Security Inspection Market, By Product Type

9.1.1.4.2          Japan: Security Inspection Market, By Application

9.1.1.5          South Korea: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.5.1          South Korea: Security Inspection Market, By Product Type

9.1.1.5.2          South Korea: Security Inspection Market, By Application

9.1.1.6          Rest of APAC: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.6.1          Rest of APAC: Security Inspection Market, By Product Type

9.1.1.6.2          Rest of APAC: Security Inspection Market, By Application

10.        Impact of COVID-19 Pandemic on APAC Security Inspection Market

10.1      APAC: Impact assessment of COVID-19 Pandemic

11.        Industry Landscape

11.1      Overview

11.2      Market Initiative

11.3      New Product Development

11.4      Merger and Acquisition

12.        Company Profiles

12.1      ADANI

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      Analogic Corporation

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      Leidos

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      Nuctech Company Limited

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      OSI Systems, Inc.

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6      Smiths Group plc

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

13.        Appendix

13.1      About The Insight Partners

             13.2      Word Index

LIST OF TABLES

Table 1.             APAC Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

Table 2.             APAC: Security Inspection Market, By Country – Revenue and Forecast to 2027 (US$ Million)

Table 3.             Australia: Security Inspection Market, By Product Type – Revenue and Forecast to 2027 (US$ Million)

Table 4.             Australia: Security Inspection Market, By Application – Revenue and Forecast to 2027 (US$ Million)

Table 5.             China: Security Inspection Market, By Product Type – Revenue and Forecast to 2027 (US$ Million)

Table 6.             China: Security Inspection Market, By Application – Revenue and Forecast to 2027 (US$ Million)

Table 7.             India: Security Inspection Market, By Product Type – Revenue and Forecast to 2027 (US$ Million)

Table 8.             India: Security Inspection Market, By Application – Revenue and Forecast to 2027 (US$ Million)

Table 9.             Japan: Security Inspection Market, By Product Type – Revenue and Forecast to 2027 (US$ Million)

Table 10.          Japan: Security Inspection Market, By Application – Revenue and Forecast to 2027 (US$ Million)

Table 11.          South Korea: Security Inspection Market, By Product Type – Revenue and Forecast to 2027 (US$ Million)

Table 12.          South Korea: Security Inspection Market, By Application – Revenue and Forecast to 2027 (US$ Million)

Table 13.          Rest of APAC: Security Inspection Market, By Product Type – Revenue and Forecast to 2027 (US$ Million)

Table 14.          Rest of APAC: Security Inspection Market, By Application – Revenue and Forecast to 2027 (US$ Million)

Table 15.            List of Abbreviation

LIST OF FIGURES

Figure 1.           APAC Security Inspection Market Segmentation

Figure 2.           APAC Security Inspection Market Segmentation – By Country

Figure 3.           APAC Security Inspection Market Overview

Figure 4.           Personnel Screening Systems Segment Held the Largest Market Share Based on Product Type

Figure 5.           Aviation Segment Held the Largest Market Share Based on Application

Figure 6.           China to Show Great Traction During Forecast Period

Figure 7.           APAC – PEST Analysis

Figure 8.           Expert Opinion

Figure 9.           APAC Security Inspection Market: Impact Analysis of Drivers and Restraints

Figure 10.        APAC Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

Figure 11.        APAC Security Inspection Market Revenue Share, by Product Type (2019 and 2027)

Figure 12.        APAC Personnel Screening Systems: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

Figure 13.        APAC Cargo and Baggage Inspection Systems: Security Inspection Market – Revenue and Forecast to 2027  (US$ Million)

Figure 14.        APAC Vehicle Inspection Systems: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

Figure 15.        APAC Others: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

Figure 16.        APAC Security Inspection Market Revenue Share, by Application (2019 and 2027)

Figure 17.        APAC Aviation: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

Figure 18.        APAC Border Security: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

Figure 19.        APAC Critical Infrastructure Protection: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

Figure 20.        APAC Commercial Security: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

Figure 21.        APAC Others: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

Figure 22.        APAC: Security Inspection Market Revenue Share, By Country (2019 and 2027)

Figure 23.        Australia: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

Figure 24.        China: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

Figure 25.        India: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

Figure 26.        Japan: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

Figure 27.        South Korea: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

Figure 28.        Rest of APAC: Security Inspection Market – Revenue and Forecast to 2027 (US$ Million)

Figure 29.        Impact of COVID-19 Pandemic in APAC Country Markets

Some of the leading companies are:

  1. ADANI
  2. Analog Corporation
  3. Leidos
  4. Nuctech Company Limited
  5. OSI Systems, Inc.
  6. Smiths Group plc
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC security inspection market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in APAC security inspection market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the security inspection market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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