Global 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 2023.
Airport screening systems have been witnessing technological advancements in recent years. With the development of technology, the product is likely to gain more popularity over the next couple of years. In the latest study circulated by Market Research Future (MRFR), the global airport passenger screening system market is expected to register a CAGR of 5% across the assessment period 2017 to 2023.
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The strong economic development on the global front has led to a rise in air travel. This, in turn, is expected to favor the expansion of the airport passenger screening system market over the next few years. The rising demand for air travel, in conjunction with the increasing air traffic, is anticipated to lead the growth of the market in the years to come.
Aviation industry leaders are adding to their fleet sizes in order to cater to the rising demand for air services. It is expected to boost the growth of the aviation industry in the forthcoming years, thus, supporting the expansion of the airport passenger screening system market. In addition, in order to support the tourism industry, governments are investing in the establishment of new airports. It is poised to open new avenues of growth opportunities for the participants in the airport passenger screening system market. Also, the growth of the tourism industry is assessed to reflect on the growth pattern of the market in the years to come.
Increasing investments in the modernization of existing airports and equipping them with advanced technologies for ensuring safety is primarily poised to drive market growth in the forthcoming years. Technological innovations are prognosticated to play a crucial role in the development of the airport passenger screening system market over the next few years.
The segments of the global airport passenger screening system market, on the basis of type, are full body scanners, metal detectors, magneto static detectors, explosive trace detectors, and advanced imaging technologies.
The segmental analysis of the airport passenger screening system market, based on airport type, covers international airport and domestic airport.
A detailed regional evaluation of the global air passenger screening system has been included in this study on both regional and a country-level basis. The major regional segments covered in this MRFR report are North America, Asia Pacific (APAC), the Middle East & Africa (MEA), South America, and Europe. The report reveals that Asia Pacific is expected to overtake North America and Europe to secure the pole position in the global market place by 2023. Factors such as increasing air traffic, rising demand for air travel, growth of aviation industry, etc. are projected to lead the expansion of the airport passenger screening system market in the region over the next couple of years. China and India are anticipated to contribute substantially to market development in the region.
L-3 Communications Security & Detection Systems (U.S.), CEIA (U.S.), RapiScan Systems (U.S.), American Science and Engineering (U.S.), Smiths Detection (U.K), Analogic (U.S.), Nuctech (China), Optosecurity (Canada), AUTOCLEAR (U.S.), and Kromek Group plc (U.K) are few of the prominent players participating in the global airport passenger screening system market.
Key players are focusing on technological innovations to gain an edge over their competitors. In addition, investments in research & development are also expected to increase by these players for strengthening their footholds in the market. The competitive landscape of the market is characterized by robust competition among the established as well as small players. Some of the developments anticipated to be witnessed in the airport passenger screening system market in the forthcoming years are product innovation, mergers & acquisitions, collaborations, competitive pricing policies, etc.
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