Airport Passenger Screening Systems Market Information Report by Type (Metal Detectors, Explosive Trace Detectors, Magneto Static Detectors, Full Body Scanners, Advanced Imaging Technologies) and by Geography - Forecast to 2021
Pune, India -- (SBWIRE) -- 04/10/2018 -- Airport Passenger Screening Systems Market – Overview
Airport Passenger Screening Systems have become an unavoidable reality of the aviation, due to the recent threats faced by this sector. Market Research Future, a firm which specializes in market reports related to the aerospace sector among others, published in its recent report on Airport Passenger Screening Systems Market Research Report - Global Forecast to 2021 that the sector is expected to grow at a CAGR of around 4.5% during 2016-2021. The demand is expected to increase further following development of the screening systems market.
Due to increasing measures on airport and airline safety, . With the increased air traffic, advanced airport passenger screening systems are being utilized at airport security checkpoints.
The global air passenger traffic is growing at a rapid pace, propelled by the increasing demand for air travel from emerging nations in APAC, the Middle East, and South America. Significant resources (such as passenger screening systems) are needed to accommodate the growth in air traffic without impacting the operational efficiency of an airport. Moreover, along with evolving security threats, airports worldwide now implement technology and procedures to screen passengers for explosives and non-metallic weapons.
The acceptance of full-body scanners has grown in many of the countries outside the U.S. Furthermore, more advanced passenger screening technologies are being developed, which provide enhanced detection capability of metallic and non-metallic threats. For example, the terahertz-based passenger screening system can detect some explosives that are not visible in the millimeter range.
As a result, it is expected that the airport passenger screening system market would grow at a CAGR of approximately 5%, during 2017-2023.
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Airport Passenger Screening Systems Market - Competitive Analysis
With the entry of new industry players in the global airport passenger screening systems segment, a trend of solid, volume-driven growth has been observed in the market with the addition of new and advanced products. Companies are aiming to capture & solidify their share of the market segment, by competing and experimenting with various advantage points. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies.
The key players in the Airport Passenger Screening Systems Market are CEIA, L-3 Communications Security & Detection Systems, RapiScan Systems. Some of the other notable players are Smiths Detection, American Science and Engineering, Analogic, AUTOCLEAR, Nuctech, and Optosecurity.
Consequently, full-body scanners have been installed in major airports across the country.
Similarly, the German government ordered more than 100 full-body scanners to be installed in their domestic
It is expected that APAC will lead the world in air traffic by 2032, overtaking North America and Europe. Asia currently accounts for about 27% of the global air traffic. It is estimated that almost 50% of the global traffic in the next 15 years will come from APAC. APAC has witnessed one of the highest growth rates in the global aviation industry and is expected to drive the industry for the next two decades, as demands saturate in mature markets, such as Europe and North America. With more than four billion people in the APAC region, it is the home to 60% of the global population. With the growth in GDP and purchasing power in the region, mainly fueled by emerging nations such as China and India, there is increased demand for air travel. In addition, APAC has seen a rapid expansion of airport terminals and new airport construction projects.
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