Research Nester released a report titled “Airport Passenger Screening System Market: Global Demand Analysis & Opportunity Outlook 2027” which delivers the detailed overview of the global airport passenger screening systems in terms of market segmentation by type , applications and region.
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.
The global airport passenger screening system market is anticipated to record a 4.8% CAGR over the forecast period i.e. 2019-2027. The growth of airport passenger screening system market is driven by the increase in the number of air travel passengers on account of expansion of economies, the rise in disposable incomes, cheap airfares and efficient airline services. Additionally, integration of advanced technology supporting screening devices and strict airport security regulations in order to ensure public safety and increase operational efficiencies of the airport, are expected to contribute significantly to the expansion of the market over the forecast period.
On the basis of type, the market is segmented into metal detectors, explosive trace detectors, magneto static detectors, full body scanners, and advanced imaging technologies, out of which, metal detectors are most widely used in all the airports, across the world. Moreover, the advanced imaging technology is gaining acceptance on account of the ban on using full body scanners in certain countries due to the privacy issues and is likely to gain maximum growth during the forecast period.
By region, the airport passenger screening system market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region, out of which, the market in North America region holds the largest market share on account of the large number of airports and related infrastructure in the region. Further, the mature markets of Europe and North America are anticipated to grow on the back of total funding and spending on aviation security, to meet the challenges of ISIS inspired terror threats and the migration crisis during the forecast period. Further, the market in Asia Pacific region is projected to witness the highest growth rate in airport passenger screening market owing to the rising threats, re-modernization of existing airports and building of new airports to meet the rising travelers’ traffic in Asia Pacific countries. These factors, along with, growing economies, improvement in household incomes, and favorable demographic profiles of the countries; China, India, Thailand and Indonesia are expected to propel the growth of airport passenger security systems in the region.
Growing Technological Advancements to Boost Adoption of Screening Systems
With the ability of advanced screening systems to accommodate the growth in air traffic without impacting the operational efficiency of an airport by adopting biometric technology and more automated screening lines, the airport passenger screening systems market is anticipated to grow significantly in upcoming years.
However, rising concern among airport regulatory authorities such as fear of privacy interruption coupled with concerns related to ill health effects of full body scanning, among the air travelers might hinder the adoption of screening systems.
This report also provides the existing competitive scenario of some of the key players of the global airport passenger screening system market which includes company profiling of key companies such as Analogic Corporation, Agilent Technologies (NYSE: A), Autoclear LLC, C.E.I.A. SpA, Garrett Electronics Inc., Kromek (LON: KMK), Leidos (NYSE: LDOS), L-3 Technologies Inc., Nuctech Systems Ltd, OSI Systems Inc.( NASDAQ: OSIS), Smiths Group(LON: SMIN), Vanderlande Industries BV. The outlining 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 passenger screening system market that is expected to 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.