Frost Radar™: Security Screening and Detection Solutions, 2022

Frost Radar™: Security Screening and Detection Solutions, 2022

A Benchmarking System to Spark Companies to Action Innovation that Fuels New Deal Flow and Growth Pipelines

RELEASE DATE
06-Dec-2022
REGION
Global
Research Code: PD03-01-00-00-00
SKU: AE01659-GL-MR_27197
AvailableYesPDF Download

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$4,950.00

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Description

Growth in traveler numbers post-pandemic continues to pressure global ports of entry to manage threats and screen people and goods efficiently. The continued risk of cross-border terrorism and crime creates a demand for more stringent passenger screening, apart from detecting contraband smuggling into nations. Screening and detection are among the top 3 investment areas in infrastructure upgrade programs running at global ports of entry. As the industry recovers from the impact of the COVID-19 pandemic, demand for screening and detection solutions is expected to recover as a result of restarting halted projects and procurement programs over the next 5 to 10 years. As more screening system innovation moves away from traditional x-ray technology, the market will witness disruption by new entrants over the next 10 years. Every company competing in the security space must address these imperatives proactively; failing to do so will almost certainly lead to stagnation or decline. Successful companies overcome the challenges posed by these imperatives and leverage them to drive innovation and growth.

Security screening and detection is a niche market with intense competition between a limited number of players. However, the market is expected to witness disruption by start-up companies with innovative technology. The industry will converge as many start-up organizations may become targets for mergers and acquisitions. Legacy systems with very low efficiency and efficacy are driving ports to transform digitally to enhance the security of infrastructure and cargo. An increase in cargo traffic is driving the need for digitally-enhanced systems for quick and accurate security processing. Ports of entry worldwide are in the early stages of digital transformation. Advanced AI-based screening and detection solutions, terrorist attacks, civil disruptions leading to mass migration and human trafficking, and the smuggling of illicit goods will drive the adoption of more advanced non-intrusive portable screening and detection systems.

Frost Radar™ is a robust analytical tool that evaluates companies across two key indices: Innovation and Growth. Our primary and secondary analysis span the entire value chain of each industry, identifying organizations that consistently develop new growth strategies based on a visionary understanding of the future and a proven ability to effectively address emerging challenges and opportunities. Frost Radar™ serves as a truly dynamic solution to continuously benchmark companies’ future growth potential with clear insight into their core strengths and weaknesses.
The document presents competitive profiles of each company based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in an industry and benchmarks them across 10 criteria on the Frost Radar™, where the leading companies in the industry are then positioned.

Source: Aravind Srimoolanathan

Table of Contents

The Strategic Imperative

The Growth Environment

Market Segmentation

Frost Radar™: Security Screening and Detection Solutions Market

Frost Radar™: Competitive Environment

Frost Radar™: Competitive Environment (continued)

Adani Systems, Inc

Analogic Corporation

Astrophysics, Inc

Integrated Defense & Security Solutions (IDSS)

Leidos

NUCTECH

OSI Systems

Smiths Detection

Teledyne Technologies

Unival Group

Westminster Group

Strategic Insights

Significance of Being on the Frost Radar™

Frost Radar™ Empowers the CEO’s Growth Team

Frost Radar™ Empowers Investors

Frost Radar™ Empowers Customers

Frost Radar™ Empowers the Board of Directors

Frost Radar™: Benchmarking Future Growth Potential

Frost Radar™: Benchmarking Future Growth Potential

Legal Disclaimer

Growth in traveler numbers post-pandemic continues to pressure global ports of entry to manage threats and screen people and goods efficiently. The continued risk of cross-border terrorism and crime creates a demand for more stringent passenger screening, apart from detecting contraband smuggling into nations. Screening and detection are among the top 3 investment areas in infrastructure upgrade programs running at global ports of entry. As the industry recovers from the impact of the COVID-19 pandemic, demand for screening and detection solutions is expected to recover as a result of restarting halted projects and procurement programs over the next 5 to 10 years. As more screening system innovation moves away from traditional x-ray technology, the market will witness disruption by new entrants over the next 10 years. Every company competing in the security space must address these imperatives proactively; failing to do so will almost certainly lead to stagnation or decline. Successful companies overcome the challenges posed by these imperatives and leverage them to drive innovation and growth. Security screening and detection is a niche market with intense competition between a limited number of players. However, the market is expected to witness disruption by start-up companies with innovative technology. The industry will converge as many start-up organizations may become targets for mergers and acquisitions. Legacy systems with very low efficiency and efficacy are driving ports to transform digitally to enhance the security of infrastructure and cargo. An increase in cargo traffic is driving the need for digitally-enhanced systems for quick and accurate security processing. Ports of entry worldwide are in the early stages of digital transformation. Advanced AI-based screening and detection solutions, terrorist attacks, civil disruptions leading to mass migration and human trafficking, and the smuggling of illicit goods will drive the adoption of more advanced non-intrusive portable screening and detection systems. Frost Radar™ is a robust analytical tool that evaluates companies across two key indices: Innovation and Growth. Our primary and secondary analysis span the entire value chain of each industry, identifying organizations that consistently develop new growth strategies based on a visionary understanding of the future and a proven ability to effectively address emerging challenges and opportunities. Frost Radar™ serves as a truly dynamic solution to continuously benchmark companies’ future growth potential with clear insight into their core strengths and weaknesses. The document presents competitive profiles of each company based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in an industry and benchmarks them across 10 criteria on the Frost Radar™, where the leading companies in the industry are then positioned. Source: Aravind Srimoolanathan
More Information
Author Aravind Srimoolanathan
Industries Aerospace, Defence and Security
No Index No
Is Prebook No
Keyword 1 security solutions
Keyword 2 security system solutions
Keyword 3 Security Screening
Podcast No
WIP Number PD03-01-00-00-00