Airport Baggage Screening Systems Market Information Report by Product Type (Advanced Imaging Systems, Computed Tomography Systems, Explosive Detection Systems, and X-Ray Systems), by Baggage Type and by Regions.
Pune, India -- (SBWIRE) -- 12/08/2017 -- Market Highlights
The increasing development of smart airports and new terminals are some major factors that boost the global market for airport baggage screening systems. Over the years, there have been increasing investments on airport infrastructure, particularly in the Asia-Pacific region. Moreover, a number of smart initiatives are being introduced at the airports, which is expected to augment the aviation industry, as a whole. With the International Air Transport Association (IATA) and Airports Council International (ACI) focusing on ensuring minimal inconvenience to passengers and facilitate optimized airport operations, the airport baggage screening systems are expected to be subjected to rapid technological developments. With the development of new airports, the role of baggage handling systems has become significant, over the years.
Rapidly improving socio-economic conditions, and stringent vehicle safety regulations and changing customer preferences are some of the factors contributing towards the growth of the advanced driver assistance systems market. Of late, the market for airport baggage screening systems has witnessed tremendous growth, and is expected to grow rapidly, during the forecast period. Despite the rapid growth of the market, the high cost associated with screening systems pose a significant threat to the market growth. Besides their high installation costs, they require regular maintenance and upgrade. This becomes challenging for the new players in the market, and result in only a handful of developers of the airport baggage screening systems.
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Major Key Players
American Science and Engineering, Inc.,
L3 Security & Detection Systems,
NUCTECH COMPANY LIMITED,
Moreover, the growing demand for air travel and the increasing air traffic, are expected to propel the demand for the market. The manufacturers of these are increasingly focusing on the development and provision of efficient baggage screening systems, as the improvement of the existing baggage screening processes can simultaneously support the performance and efficiency of an airport. Therefore, the global Airport Baggage Screening Market is expected to reach the valuation of USD 4,260.9 million and register a CAGR of 5.42%.
here has been a significant domestic air traffic in countries such as India and China. In addition, there have been a large number of terrorist threats in this region, which have compelled the governments to improve their security measures. Thus, the region has become very lucrative for the companies that manufacture airport baggage screening systems.
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North America dominated the market for the airport baggage screening systems in 2016, largely due to existence of major market players in this region. Over the years, there have been high heavy investments on the airport security systems in the region, due to the growing number of attacks and terror threats across the globe.
Similarly, Asia-Pacific is expected to be the leading market for the airport baggage screening systems primarily due to the increasing expenses on the development and up gradation of airport infrastructure in the region. The countries such as Malaysia, Indonesia, Philippines, and Thailand have witnessed a steady international air traffic growth in the recent years, which have resulted in higher investments on the airports by their governments.
Similarly, there has been a significant domestic air traffic growth in countries such as India and China. In addition, there have been a large number of terrorist threats in this region, which have compelled the governments to increase improve their security measures. Thus, the region has become a very lucrative for the companies that manufacture airport baggage screening systems.
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