Research Nester recently published report titled “Airport baggage screening system: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the airport baggage screening system in terms of market segmentation by product type, by baggage type, and by regions.
The global airport baggage screening system market is segmented based on product type into advanced imaging systems, computed tomography systems, explosive detection systems and x-ray systems; by baggage type into hold baggage and cabin baggage, and by regions. The global airport baggage screening system market is estimated to grow at a CAGR of around 6% over the forecast period i.e. 2019-2027.
The growing demand for air travel and the increasing air traffic, are expected to drive the growth of the market. The manufacturers of these screening systems 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. According to the U.S. Department of Transportation (DOT) passenger-volume forecasts, combined with the TSA historical and forecasted passenger-screening statistics, it was anticipated that the security screening systems will grow by 3.5% in 2018, as compared to 2017.
North America airport baggage screening systems market is anticipated to witness a fast growth attributed 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 and estimated to maintain its dominance during the forecast period. Asia Pacific is also expected to witness a significant growth in airport baggage screening system market on account of increasing expenses on the development and up-gradation of airport infrastructure in the region.
Smart Security Initiative
The smart security initiative aims to minimize passenger delay and maintain advanced levels of security at checkpoints in airports. Airports are incorporating innovative and advanced technologies to improve the flow of people and bags throughout checkpoints. Nowadays, many airports have adopted advanced carry-on baggage X-ray machines, new throughput processes, and pre-airport checks with a goal to detect explosives or non-metallic objects in the airports. The addition of such IT technologies in airports have attracted new investments in the market.
Moreover, the Transportation Security Administration (TSA) is improving the existing checkpoint and checked baggage screening technologies, to increase their detection capabilities and efficiencies. These technologies include advanced imaging technology, X-Ray scanning, explosives detection systems, and explosives trace detection system. Such developments are expected to drive the growth of airport baggage screening system market.
However, the high costs associated with screening systems pose a significant threat to the market growth. Their high installation costs and their regular maintenance and upgrade are becoming a challenge for the market growth. The global market is highly competitive with all the players competing to gain a major market share. The vendors compete on various factors, they compete based on cost, product quality, reliability, and aftermarket service. This becomes a challenge for the new players in the market, and also the restraining factor for the growth of airport baggage screening system market.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the global airport baggage screening system which includes company profiling of American Science and Engineering, Analogic Corporation, Astrophysics Inc., C.E.I.A. S.p.A., Gilardoni S.p.A., Glidepath Group, L3 Security & Detection Systems, Rapiscan Systems, Smiths Detection and Other Prominent Players. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global airport baggage screening system that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.