The 2023 report on the “Backscatter X-ray Devices Market” presents a thorough and accurate examination of different factors pertaining to business expansion prospects, challenges, risk elements, and trends in all geographical regions. This report delivers current information on the most recent technological developments, along with SWOT and PESTLE analysis, and valuable insights on market size.
Global Backscatter X-ray Devices Market is valued approximately USD 180.84 million in 2021 and is anticipated to grow with a healthy growth rate of more than 4.6% over the forecast period 2022-2028.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Backscatter X-ray is an advanced X-ray imaging technology. The backscatter X-ray devices detect the radiation that reflects from the target. This device is gaining huge traction in applications such as law enforcement, customs & border protection, military and defense, airport/aviation, and many others. The growing number of terrorist attacks and illegal immigration, rising adoption of security solutions at public gathering spaces, increase in smuggling of narcotics are the primary factors that are spurring the market demand across the globe. For instance, according to Statista, in 2017, there were almost 18, 753 deaths were caused because of the terrorist attacks around the world, and the amount increased and reached 29,389 fatalities in 2020.
Accordingly, rising incidences of terrorist attacks worldwide are fueling the demand for backscatter X-ray devices, thus, in turn, accelerating the market growth in the near future. However, the high installation and maintenance costs and rising privacy concerns associated with backscatter X-ray body scanners impede the growth of the market over the forecast period of 2022-2028. Also, technological advancements in X-ray screening systems and the development of low-cost products are anticipated to act as a catalyzing factor for the market demand during the forecast period.
The key regions considered for the global Backscatter X-ray Devices market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the rising adoption of novel technologies and the presence of the leading market companies. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the increasing number of terrorist attacks, rising investments in R&D activities, as well as the growth of emerging nations such as India and China, would create lucrative growth prospects for the Backscatter X-ray Devices market across the Asia-Pacific region.
Major market players included in this report are:
Rapiscan Systems Inc.
Nuctech Company Limited
Viken Detection
Laurus Systems, Inc.
Scanna MSC Ltd.
Autoclear LLC
Tek8, Inc
Rrg engineering technologies (p) limited
Dongguan Houjie Huabao Electronic Technology
Denterprise International Inc.,
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type
Handheld
Non-handheld
By Application
Customs and Border Protection
Law Enforcement
Airport/Aviation
Military and Defense
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Which elements of this study are relevant to market analysis?
- The research offers a thorough analysis of market trends, along with details on regional usage and consumption.
- The growth rates of each area, including their respective nations, are included in market reports for the upcoming years.
- How are the major market players rated?
- A thorough study of the market’s top rivals is provided in this report.
- The study contains details about the major market vendors.
- Each company’s profile, revenue sources, and items produced are all covered in detail in the study.
- Along with the opinions of the top market participants, the study includes data and information about rival companies.
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