Airport Passenger Screening Systems Market Research Future Scope, Trends and Projected Industry Growth to 2030

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Airport Passenger Screening Systems Market Size Anticipated to reach US$ 4 Billion by 2030, and at a CAGR of 10% by 2022-2030.

Airport Passenger Screening Systems Market

Airport Passenger Screening Systems Market Size Anticipated to reach US$ 4 Billion by 2030, and at a CAGR of 10% by 2022-2030.

Airport Passenger Screening Systems Market Trendsreport, it is projected that the global market would expand approximately 5% CAGR during the forecast period of 2017 to 2023. Airport passenger screening systems are considered to be advanced screening techniques. It requires trained personnel or professionals to operate the screening devices designed to safeguard civil aviation against acts of terrorism, accidental harms, and other possible threats. These passenger screening systems are widely used to screen people and their belongings to prevent prohibited items entry like liquor products, metal objects, weapons, and other similar objects.

The globalAirport Passenger Screening Systems Market Reportis projected to witness higher growth due to the growing measures on airline safety and airport. The demand for air travel is increasing in emerging nations like South America, Asia Pacific, and Middle East Africa because of the rapid global air passenger traffic growth. At the airport security checkpoints, the advanced airport passenger screening systems and air traffic are being widely utilized, fueling theAirport Passenger Screening Systems Market Growth duringthe assessment period.

Further, the globalAirport Passenger Screening Systems Market haswitnessed higher growth with market segmentation. The metal detectors are most widely used in all airports of different countries. Moreover, advanced imaging technology has emerged as an advanced body scanner because many countries have banned full-body scanners for privacy issues. These days, body scanners based on advanced imaging techniques are quite expensive, and it is replacing the metal decors and full-body scanners in various airports of the countries. Thus, the advanced imaging technology segment will face maximum growth in the analysis period. For instance, the intended audiences like distributor supplier companies, consultants and investment bankers, and end-users also support the global market, fueling theAirport Passenger Screening Systems Market Sizefor the research period.

Competitive Landscape Analysis

As per theAirport Passenger Screening Systems Market Trends report, the global market is consisting of different key players who are strengthening the development with all their efforts. These key players are:

Rapiscan Systems (U.S.),

CEIA (U.S.),

Kromek Group plc (U.K),

L-3 Communications Security Detection Systems (U.S.),

American Science and Engineering (U.S.),

Smiths Detection (U.K),

Nuctech (China),

AUTOCLEAR (U.S.),

Analogic (U.S.),

Optosecurity (Canada).

TheAirport Passenger Screening Systems Market Research Growth isexpected to enhance in the upcoming years. This market is projected to engage more key players because of the growing demands in different regions and shortage of players for the production.

Covid-19 Impact Analysis

In the first half of the year 2020, several economies of different countries have faced harsh economic downturns. TheAirport Passenger Screening Systems Market hasbeen impacted negatively as many countries were on lockdown. Also, the supply chain and manufacturing chain were disrupted during the pandemic period.

As per theAirport Passenger Screening Systems Market Forecastreport, the present situation of the global market has been changed due to the continuous efforts of the market players and vendors. Hence, the globalAirport Passenger Screening Systems Market ispredicted to account for the higher market growth in the upcoming years.

Market Dynamics

Key Market Drivers

The increasing need to protect aircraft passengers and the aircraft is driving the globalAirport Passenger Screening Systems Market growth in the forecast period. Moreover, the demand for airport passenger screening systems is surging because of the increasing number of passengers worldwide.

On June 28, 2016, a terrorist attack happened on Istanbul Ataturk International Airport, Turkey, where nearly 42 people dead, 238 people were injured. This led to adopting the Airport Passenger Screening Systems for the government. This kind of initiative by different regions might generate higherAirport Passenger Screening Systems Marketgrowth in the research period.

  • Market Opportunities:

Nowadays, the airport authorities are becoming highly stricter with the baggage screening policies and passengers in terms of maintaining efficiency and security facilities. This results in increasing the air traffic in the present context and bringing more opportunities for the market leaders and vendors of the globalAirport Passenger Screening Systems Market.

In addition, the domestic and international airports and governmental sectors are investing significantly in passenger screening to enhance performance and efficiency. This brings lucrative opportunities for the vendors and market players in the forecast period.

  • Market Restraints

The globalAirport Passenger Screening Systems Market mightface restraints due to the high maintenance costs of security solutions and its high installation costs.

Moreover, theAirport Passenger Screening Systems Market Value might get hampered due to the stringent regulation of the government regarding the safety of the airport passengers.

  • Market Challenges

The globalAirport Passenger Screening Systems Market Valuemight experience challenges due to the high cost of the security solution.

Another challenge for the globalAirport Passenger Screening Systems Market canbe the unavailability of raw materials and the unprecedented covid-19 pandemic that has disrupted the supply chain of the global market.

Cumulative Growth Analysis

Several factors are indirectly influencing the market growth positively. For instance, theAirport Passenger Screening Systems Marketwill witness significant market revenue and value in the analysis period.

As per theAirport Passenger Screening Systems Market Outlookreport, a region like Europe and the Asia Pacific are rapidly enhancing market growth by constituting large numbers of market players in the region. This shows that the current market has more scope in the upcoming years.

Market Segmentation

The globalAirport Passenger Screening Systems Market Outlook reportexplains that the present market has been segmented into type and airport type.

  • By Type:

Based on the type of segment, the globalAirport Passenger Screening Systems Market hasbeen classified into metal detectors, advanced imaging technologies, full-body scanners, explosive trace detectors, and magnetostatic detectors.

Of these, the metal detector segment is projected to dominate the global market by generating the largerAirport Passenger Screening Systems Market Shareduring the forecast period of 2019. In major airports of different countries, full-body scanners have been installed to provide better service.

  • By Airport Type

The globalAirport Passenger Screening Systems Markethas been categorized as domestic and international airports depending on the airport type segment.

Recently, the German government has ordered the installation of more than 100 full-body scanners in the domestic airport, which is estimated to thrive in the global market. Also, this segment is projected to generate the largerAirport Passenger Screening Systems Market Shareduring the review period.

Regional Analysis

TheAirport Passenger Screening Systems Market Analysis highlights that the current market has been segmented into different geographical areas such as Europe, Asia Pacific, North America, Latin America, Middle East Africa, and the rest of the world.

Of these, the Asia Pacific regional market is estimated to dominate the global market in 2023 by overtaking Europe and the North American region. Presently, the Asia Pacific region is projected to acquire nearly 27% of the global air traffic and is further expected to increase almost 50% of the global traffic in the coming 15 years. Therefore, the Asia Pacific region is expected to witness the highest growth rates and the higher market value in the aviation industry for the upcoming two decades. Moreover, nearly 60% of the global population has a home in Asia pacific region out of more than four billion people. Thus, the demand for air travel is increasing in emerging nations such as India and China due to the increasing purchasing power and growth in the region's GDP. Apart from that, the Asia Pacific region has recently witnessed a rapid expansion of new airport construction projects and terminals, driving theAirport Passenger Screening Systems Market Size during the assessment timeframe.

Recent Developments

  • In December 2019, a contract of USD926 million valuation was awarded to the Leidos and the US transportation security system. This award has aimed to support the logistics support services and the maintenance of the passenger screening equipment.

Airport Passenger Screening System Market Report by Type (Metal Detectors, Explosive Trace Detectors, Magneto Static Detectors, Full Body Scanners, and Advanced Imaging Technologies), by Airport Type (International Airport and Domestic Airport) and by Region - Global Forecast to 2030

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