The global Handheld Backscatter X-Ray Device Market is estimated to be valued at US$ 57.1 Mn in 2023 and is expected to exhibit a CAGR of 6.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Handheld backscatter X-ray devices are used for security screening applications. They are portable devices that do not require any external power source and produce high-resolution digital images by detecting and processing backscattered radiation. Handheld backscatter X-ray devices provide advantage of imaging through clothing without requiring the person to disrobe. They help detect non-metallic contraband items such as drugs, currency and explosives that are not easily detected by metal detectors. These devices provide security checks at borders, checkpoints and during VIP scanning applications.
Market key trends:
One of the key trends in the handheld backscatter X-ray device market is growing need for improved security screening at public places. With rising number of crime and terrorism activities globally, there is increasing need for advanced security screening solutions at airports, railway stations, shopping malls and other public places. Handheld backscatter X-ray devices are useful for security scanning of individuals at such locations without requiring them to disrobe or removing items from bags. Their portable nature makes them suitable for impromptu security checks. Introduction of artificial intelligence powered handheld backscatter X-ray devices with advanced threat detection capabilities is another key trend expected to drive the market growth over the forecast period.
Threat of new entrants: The threat of new entrants is moderate. There are high costs associated with R&D, manufacturing, and distribution which pose barriers for new companies. However, the market is growing rapidly with new technologies emerging which can provide opportunities.
Bargaining power of buyers: The bargaining power of buyers is high. There are many alternative options available and customers can easily switch between suppliers based on price and performance. Buyers also purchase in bulk which increases their negotiating power.
Bargaining power of suppliers: The bargaining power of suppliers is moderate. While there are few raw material suppliers, their products are not highly differentiated. Suppliers still hold some power as switching costs are involved if companies change suppliers.
Threat of new substitutes: The threat of new substitutes is high. New scanning technologies keep emerging which can substitute handheld backscatter devices. Companies need to consistently innovate and upgrade their products to defend against substitutes.
Competitive rivalry: The market currently sees intense competition between established players. Companies compete based on product performance, features, and pricing.
The global Handheld Backscatter X-Ray Device Market is expected to witness high growth, exhibiting CAGR of 6.0% over the forecast period, due to increasing security threats across industries. Airport security and custom checks have led to rising adoption of these scanners for fast detection of contraband.
Regional analysis indicates that North America dominates the market currently owing to strict safety regulations. However, Asia Pacific is anticipated to grow at the fastest pace during the forecast period with increasing investments in advanced screening systems by developing economies like China and India to curb illegal smuggling.
Key players operating in the Handheld Backscatter X-Ray Device market are Nutech Company Limited, Viken Detection (formerly Heuresis Inc.), and Rapiscan Systems Inc. (a part of OSI Systems Inc.), among others. Nutech Company Limited leads the market with innovations to deliver superior resolution imagery for improved threat detection capabilities