Airport Baggage Screening Systems Market 2019 World Analysis and Forecast to 2023
Posted: Jan 19, 2019
Global Airport Baggage Screening Systems Market Information Report by Product Type (Advanced Imaging Systems, Computed Tomography Systems, Explosive Detection Systems, and X-Ray Systems), by Baggage Type (Hold Baggage and Cabin Baggage) and by Regions (North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America) - Global Forecast To 2023
The increasing development of smart airports and new terminals are some major factors that boost the global market for airport baggage screening systems. Over the years, there have been increasing investments on airport infrastructure, particularly in the Asia-Pacific region. Moreover, a number of smart initiatives are being introduced at the airports, which is expected to augment the aviation industry, as a whole. With the International Air Transport Association (IATA) and Airports Council International (ACI) focusing on ensuring minimal inconvenience to passengers and facilitate optimized airport operations, the airport baggage screening systems are expected to be subjected to rapid technological developments. With the development of new airports, the role of baggage handling systems has become significant, over the years.
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Moreover, the growing demand for air travel and the increasing air traffic, are expected to propel the demand for the market. The manufacturers of these are increasingly focusing on the development and provision of efficient baggage screening systems, as the improvement of the existing baggage screening processes can simultaneously support the performance and efficiency of an airport. Therefore, the global airport baggage screening market is expected to reach the valuation of USD 4,260.9 million and register a CAGR of 5.42%.
Rapidly improving socio-economic conditions, and stringent vehicle safety regulations and changing customer preferences are some of the factors contributing towards the growth of the advanced driver assistance systems market. Of late, the market for airport baggage screening systems has witnessed tremendous growth, and is expected to grow rapidly, during the forecast period. Despite the rapid growth of the market, the high cost associated with screening systems pose a significant threat to the market growth. Besides their high installation costs, they require regular maintenance and upgrade. This becomes challenging for the new players in the market, and result in only a handful of developers of the airport baggage screening systems.
North America dominated the market for the airport baggage screening systems in 2016, largely due to existence of major market players in this region. Over the years, there have been high investments on the airport security systems in the region, due to the growing number of attacks and terror threats across the globe. North America is one of the leading regions in the airport baggage screening systems market. The sheer existence of the major manufacturers in this region such as Rapiscan Systems and Astrophysics Inc., among others, combined with the availability of sophisticated technologies to manufacture high-tech baggage screening systems, results in this region being of the leading regions in the airport baggage screening systems market. In addition, strict government norms and airport authorities ensuring implementation of regular and advanced security checks, also fuels the market growth.
Similarly, Asia-Pacific is expected to be the leading market for airport baggage screening systems primarily due to the increasing expenses on the development and upgradation of airport infrastructure in the region. Countries such as Malaysia, Indonesia, Philippines, and Thailand have witnessed a steady international air traffic growth in the recent years, which have resulted in higher investments on the airports by their governments.
There has been a significant domestic air traffic in countries such as India and China. In addition, there have been a large number of terrorist threats in this region, which have compelled the governments to improve their security measures. Thus, the region has become very lucrative for the companies that manufacture airport baggage screening systems.
The key players of global airport baggage screening systems market are American Science and Engineering, Inc., Analogic Corporation, Astrophysics Inc., C.E.I.A. S.p.A., Gilardoni S.p.A., Glidepath Group, L3 Security & Detection Systems, NUCTECH COMPANY LIMITED, Rapiscan Systems, and Smiths Detection.
The report for Global Airport Baggage Screening Systems Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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