Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
Airport baggage screening system is a type of screening system that is used to monitor or check the baggage with the help of electronic devices. These systems are used at an airport where the luggage is properly examined before it passed on to the aircraft. Screening systems have acquired huge recognition across the world as security concerns are rising among population. It has been observed that the manufacturers are putting more emphasis on the technological advancements in the baggage screening systems. This emphasis is due to the fact that operations can be effectively carried out and the performance of an airport can be enhanced. With the development of new airports, the function of baggage screening systems has eventually become more important. With the increasing security concerns and the failure of the metal detectors to detect non-metallic objects and explosives are forcing many airports to implement advanced screening technologies and procedures. These technologies are implemented to screen the baggage and luggage for explosives and non-metallic weapons.
The global airport baggage screening system market is anticipated to project a CAGR of around 6% over the forecast period i.e. 2019-2027. The growing demand for air travel and the increasing air traffic is 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. The improvement of the existing baggage screening processes can simultaneously support the performance and efficiency of an airport. Before 2011, three types of attacks on aircraft were very common, i.e. hijacking, bombing, and robbing. In all three types of attacks, the civil aircraft, with people and goods aboard, was the major target. As a result, screening systems were introduced for better safety. According to the U.S. Department of Transportation (DOT) passenger-volume forecasts, combined with the Transportation Security Administration (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. CLICK TO DOWNLOAD FREE SAMPLE
The growing terror threats and airport incidents, the explosive detection systems have become the primary equipment that ensure safety of individuals at airports. Airport baggage screening systems providing higher image quality than the other screeners, has become a vital factor during searches for explosives, weapons, and contrabands in baggage. All these advantages of the baggage screeners have resulted in a higher number of airports employing the explosive detection and screening systems. All these contribute to the growth of baggage screening system market.
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 passengers 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 the 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.
The high costs associated with the screening systems pose a significant threat to the market growth. Their high installation costs and their regular maintenance and upgrade restricts the market growth over the forecast period. The airport baggage screening system market is highly competitive with all the players competing to gain major market share. The vendors compete on various factors, they compete based on cost, product quality, reliability, and aftermarket service. It is very challenging for the vendors to provide cost-efficient and high-quality airport baggage screening systems, to survive and succeed in an intensely competitive market environment.
This becomes a challenge for the new players in the market, and the challenging factor for the growth of airport baggage screening system market.
Our-in depth analysis of the global airport baggage screening system market includes the following segments:
On the basis of region, the airport baggage screening system market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
North America airport baggage screening systems market is anticipated to witness a fast growth on account of 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 over the forecast period.
Asia Pacific is also expected to witness 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. There have been many terrorist threats in this region, which have compelled the governments to improve their security measures. Attributed to all these factors, region has become very profitable for the companies that manufacture airport baggage screening systems.
Global airport baggage screening system market is further classified on the basis of region as follows:
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