The security inspection market in Europe is expected to grow from US$ 1,575.6 million in 2019 to US$ 2,711.7 million by 2027; it is estimated to grow at a CAGR of 7.5% from 2020 to 2027.
“Europe Security Inspection Market” study by The Business Market Insights provides details about the market dynamics affecting the market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years.
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Leading Europe Security Inspection market Players:
- E.I.A. SpA
- EAS Envimet Analytical Systems Ges.m.b.H.
- Gilardoni S.p.A.
- Nuctech Company Limited
- OSI Systems, Inc.
- Smiths Group plc
- unival group GmbH
Increasing demand for real-time treat detection to offer much safer environment in airports, railway stations, country borders, and other crowed places is influencing the investment in technologies such as artificial intelligence by major market players. For instance, Gatekeeper Security, Inc. has developed artificial intelligence powered vehicle inspection security for screening vehicles across various industries such as energy, and transportation amongst others to detect threat in real-time and take action accordingly. The solutions enable under vehicle inspection, automatic number plate reader, and 360-degree vehicle scanning capabilities to ensure no threat across the facilities and the vehicles. Therefore, rise in investment in technology is expected to fuel the growth of the Europe security inspection market.
The report is a combination of qualitative and quantitative analysis of the Europe Security Inspection Market. The report also focuses on the exhaustive PEST analysis and extensive market dynamics during the forecast period.
NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post the COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
Europe Security Inspection Market Segmentation
Europe Security Inspection Market – By Product Type
- Personnel Screening Systems
- Cargo and Baggage Inspection Systems
- Vehicle Inspection Systems
Europe Security Inspection Market – By Enterprise Size
- Border Security
- Critical Infrastructure Protection
- Commercial Security
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- Scrutinize in-depth regional market trends and outlook coupled with the factors driving the market, as well as those restraining the growth at a certain extent.
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