The global baggage scanners market is segmented by end user which includes airports, railway Stations, educational institutes, border checkpoints, public sectors and others. Among these segments, airport & railway stations are anticipated to be the dominating segments during the forecast period. Growing up gradation of existing airports coupled with increasing number of new airports are key factors which are likely to augment the demand for baggage scanners at airports in near future.
Global baggage scanners market is expected to expand at a robust compound annual growth rate (CAGR) during the forecast period. The global market of baggage scanners is likely to reach at striking revenue by the end of 2024.
The defense & security segment by application is likely to grow at remarkable pace during the forecast period. Increasing adoption of baggage scanners at border checkpoints coupled with growing terrorism activities are some of the dynamic factors which are likely to spur the demand for baggage scanners at border checkpoints in near future.
Emergence of New Airports
The emerging economies such as India, China, and Nigeria are witnessing arrival of new airports. Further, this rise in number of airports is anticipated to upsurge the growth of global baggage scanners market. Urbanization in developing countries is also envisioned to bolster the demand for baggage scanners at airports and railway stations.
Rising disposable income of the consumers coupled with growing global tourism is likely to augment the demand for airports & railway stations which in turn boost the growth of global baggage scanner market during the forecast period.
Rising air passenger traffic
Rising number of travelers at airports coupled with growing air passenger traffic are key factors which are likely to drive the growth of global baggage scanner market in near future. Further, rising per capita income of the consumers and growing preference for air travel are increasing the number of travellers at airports which in turn augmenting the demand for baggage scanners at airports.
Although, high installation cost of baggage scanners is major challenge to the growth of global baggage scanners market. Additionally, reduced passenger travel growth rate is also a key factor which is expected to hamper the growth of global baggage scanners market in near future.
The report titled “Baggage Scanners Market: Global Demand Analysis & Opportunity Outlook 2024” delivers detailed overview of the global baggage scanner market in terms of market segmentation by Application, by end-user, by sorting system and by 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.
This report also provides the existing competitive scenario of some of the key players of the global baggage scanners market which includes company profiling of Astrophysics Inc., Ammeraal Beltech, DAIFUKU LOGAN, G&S Airport Conveyor, Beumer Group, Detectorall Co. Ltd., Kapri Corp., Shanghai Eastimage Equipment Co. Ltd., Pteris Global Ltd., and Automated Technology Group Ltd. 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 baggage scanners market 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.