Japan urban security screening Market Expected to Reach $868.5 Million by 2030-Allied Market Research

According to a recent report published by Allied Market Research, titled, “Japan urban security screening Market by Product Type and End Use: Global Opportunity Analysis and Industry Forecast, 2021–2030,”the global Japan urban security screening market was valued at $ 350.7 Million in 2020, and is projected to reach $957.0 Million by 2030, registering a CAGR of 10.8% from 2021 to 2030.

The primary objective of installing security devices is to provide safety & security to people and their property. Security screening is one of the technology which assures from threat against unethical and unlawful activities and protects financials and humans. Further, there is rising need for security equipment, such X-ray system, hand-held detectors, and biometric system. This factor is expected to provide growth opportunities for the security screening market.

Technological advancements, such as internet connectivity, have enabled real-time surveillance at remote and critical locations with enhanced accuracy. These devices are cost-effective and help to highlight criminal activities. Increasing cross-border terrorism and smuggling have resulted in the growth of the use of security screening systems in the Japan and across the globe.

On the basis of product type, the baggage scanners segment dominated the Japan urban security screening industry in 2020 and is projected to maintain its dominance during the forecast period. The baggage screening is being used for detection of threats within personal belongings and luggage by X-ray analysis as they passes along a conveyor belt. The need for checking luggage in detail and also in short time primarily drives demand for the baggage scanners. In addition, wide application of baggage screening in airport, hotels, multiplexes, railway station, metro stations, and cinema theatres is fueling demand for baggage scanners.

On the other hand, CBRN detection segment is expected to witness highest growth rate during the Japan urban security screening market forecast period. Need for the detection of CBRN materials at the national borders or border crossings primarily boosts demand for the CBRN detection systems.

By product type, it is bifurcated into baggage scanners, vehicle scanners, cargo scanners, CBRN detection, explosive/narcotics detectors, and trace detectors. The baggage scanners segment was the highest revenue contributor accounting for $71.7 million in 2020, and is expected to witness the fastest growth at a CAGR of 7.4% during the forecast period.

By end use, the Japan urban security screening market share is divided into government buildings, metro and railways, commercial buildings, power plants, e-commerce and logistics, data centers, emergency responders, public venues, and military. The commercial buildings sector is expected to be the fastest growing segment registering a CAGR of 14.3% during the forecast period. However, the metro and railways segment is the highest revenue contributor that accounted for $65.5 million in 2020.

COVID-19Impact:

COVID-19 has caused the overall semiconductor industry to mobilize quickly and make short-term decisions with long-term implications. Semiconductor companies operate in a complex ecosystem, working across the value chain with numerous raw materials, assembly, test, package, and equipment suppliers & partnersacross the globe.

Demand from the IT & telecommunication segment is expected to increase, owing to factors such as rise in broadband usage, higher demand for cloud services, and video streaming. In addition, in the medium to long term, COVID-19 is expected to further push the need for digital transformation and technologies, such as 5G, IoT, AI, and intelligent edge computing for future optimization.

Some of the Japan urban security screening market manufacturers have witnessed temporary delays in production, increased costs, and revenue lossesdue to the pandemic.

The manufacturing sector witnessed severe loss, and thus no new orders have been placed during the pandemic. In addition, this impact is estimated to continue till 2021. Moreover, international consumer electronics and Japan urban security screening markets are in a very weak state, owing to lockdowns imposed to tackle the pandemic. Although the markets in the U.S. and Europe witnessed mild recovery in the second half of 2020, they are still significantly down on pre-crisis levels. Therefore, the Japan urban security screening market is facing major obstacles from the emergence of COVID-19 pandemic.

The pandemic is impacting production process of several industries, including semiconductor and electronics. Trade barriers are further constraining the demand and supply outlook. The overall production process is adversely affected as governments of different countries have already announced total lockdown and temporary shutdown of industries.

Key Findings Of The Study

• The Baggage Scanners segment is expected to generate the highest revenue during the Japan urban security screening market  opportunity.
• The Metro and Railways segment is expected to register the highest revenue during the Japan urban security screening market trends.

The key players profiled in the report include Smiths Group PLC, Astrophysics, RAPISCAN, Autoclear, Ledios, Nuctech, Hitachi, Environics, Proengine, Bruker Daltonics, Thermofisher, and Thruvision. These key players have adopted several strategies, such as new product launch & development, acquisition, partnership &collaboration, and business expansion, to increase their footprint in the Japan urban security screening market opportunity during the forecast period