Market Introduction
Full body scanner is a scanning system used to identify and detect concealed items carried by a person. The scanner is either based on X-ray or millimeter wave scanner technology, which can detect items attached to body or ingested by a person. The software used in full body scanner shows black and white image of the output, which can be in 2D and 3D image format. The modern full body scanner is powered by advanced software that can identify and detect concealed items automatically.
Market Overview and Dynamics
India and Southeast Asia full body scanner market is expected to grow from US$ 27.08 million in 2021 to US$ 39.07 million by 2028; it is estimated to grow at a CAGR of 5.4% from 2022 to 2028.
The full body scanner market is experiencing significant growth owing to increasing year on year government budgets for national security. Many countries across the Asia are spending for the procurement of advanced security & scanning system including full body scanner. However, the health concern with regards to full body scanner is hampering the growth of the market. Meanwhile, as government across Asia are realizing the importance of transport infrastructure for economic development the development of airports, seaports, and railway network & metro projects is gaining significant traction which is anticipated to flourish the full body scanner market in forth coming future.
Many developing countries characterize the South-East Asia region with a positive economic outlook, high industrial companies, and a vast population. The high growth rate of urbanization and industrialization in the South-East Asia region developing countries is anticipated to offer ample growth opportunities to the market players operating in the South-East Asia full-body scanner market. The ongoing COVID-19 is expected to cause considerable disruptions in the growth of various industries of the Asia Pacific region. Moreover, manufacturing is one of the prominent industries in the Asian economy due to the rising need for industrial and consumer products; however, due to government's measures to reduce the spread of COVID-19 by announcing lockdowns, travel and trade bans have disrupted and delayed the operations in manufacturing, and other industries. Thus, the slowdown of significant initiatives in APAC has subsequently affected the demand for full-body scanners, which, in turn, has hampered the market growth.
Further, the OEMs have also faced challenges in procuring raw material due to supply chain disruption, thereby hampering their production process. New coronavirus infections in Southeast Asia have hampered factory operations across industries, jeopardizing the region's recovery from the COVID-19 pandemic and impacting worldwide textiles, autos, and electronics supplies. Companies have been forced to close factories and postpone or curtail operations due to the coronavirus restrictions, which come at a time when Asia's manufacturing sector is already dealing with rising raw material costs and signs of a faltering economy. Three of the region's most significant manufacturing hubs, Vietnam, Malaysia, and Thailand, manufacture goods for some of the world's most well-known consumer brands. Since April, a coronavirus outbreak has required stringent lockdowns in Vietnam's main cities and industrial hubs, forcing electronics, textile, and footwear industries to cease or decrease operations. In recent weeks, the limits have been relaxed. However, in the Southeast Asian region, a sudden disruption in the supply chain has been a key stumbling block to expanding the full-body scanner market.
Key Market Segments
In terms of component, the hardware segment accounted for a larger share of the India and Southeast Asia full body scanner market in 2020. By technology, the X-ray segment accounted for a larger share of the market in 2020. Based on application, the transport segment held a larger market share in 2020. Further, based on detection, the automatic segment held a larger share of the India and Southeast Asia full body scanner market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to while preparing the report on the India and Southeast Asia full body scanner market are company websites, annual reports, financial reports, national government documents, and statistical database. Major companies listed in the report are Mistral Solutions Pvt. Ltd.; Leidos; ADANI; Nuctech Company Limited; Smiths Detection Group Ltd. (Smiths Group plc); Rapiscan Systems, Inc.; Aventura Technologies, Inc.; Westminster Group Plc; 3F Advanced System; and Rohde & Schwarz.
Reasons to Buy Report
India and Southeast Asia full body scanner Market Segmentation
India and Southeast Asia Full Body Scanner Market – by Component
India and Southeast Asia Full Body Scanner Market – by Technology
India and Southeast Asia Full Body Scanner Market – by Application
India and Southeast Asia Full Body Scanner Market– by Detection
India and Southeast Asia Full Body Scanner Market-Companies Mentioned