Press release
Airport Passenger Screening Systems Global Market Report 2024 - By Size, Share, Report, Trends, Forecast To 2033
Airport Passenger Screening Systems
The Business Research Company offers in-depth market insights through Airport Passenger Screening Systems Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The airport passenger screening systems market size has grown rapidly in recent years. It will grow from $2.09 billion in 2023 to $2.31 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to global trade expansion, economic growth, e-commerce boom, supply chain optimization, fuel price volatility.
The airport passenger screening systems market size is expected to see strong growth in the next few years. It will grow to $3.32 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to sustainability initiatives, trade policies and geopolitical changes, pandemic recovery, regulatory changes, capacity challenges. Major trends in the forecast period include technology integration, technology advancements, advancements in technology, infrastructure investments, sustainability and green initiatives.
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Market Segmentation:
The airport passenger screening systems market covered in this report is segmented -
1) By Type: Metal Detectors, Advanced Imaging Technologies, Full-Body Scanners, Explosive Trace Detectors, Magnetostatic Detectors
2) By Product: Passenger Screening, Carry-On Baggage Screening
3) By Airport Type: International Airport, Domestic Airport
4) By End-Use: Commercial Airports, Military Airports
Major Driver - Increasing Number Of Passengers Is Anticipated To Fuel Airport Passenger Screening Systems Market
The increasing number of passengers is expected to propel the airport passenger screening systems market going forward. A passenger refers to an individual journeying from one location to another by airplane, who isn't piloting or serving on the flight. Airport passenger screening systems provide several benefits to passengers, ensuring their safety and the overall security of air travel. For instance, in March 2022, according to the International Air Transport Association, a Canada-based trade association of the world's airlines, in 2021, the total number of air travelers was at 47%, and reached 94% in 2023. Furthermore, in 2022, the total number of air travelers in North America was 94% and reached 102% in 2023. Therefore, the increasing number of passengers is driving the airport passenger screening systems market.
Competitive Landscape:
Major companies operating in the airport passenger screening systems market report are L3Harris Technologies Inc., Leidos Holdings Inc., Agilent Technologies Inc., Daifuku Co. Ltd., Smiths Group plc, Vanderlande Industries BV, Rohde & Schwarz GmbH & Co KG, Unisys Corporation, BEUMER Group GmbH & Co. KG, OSI Systems Incorporated , FLIR Systems Inc., Spellman High Voltage Electronics Corporation, Nuctech Company Limited, Rapiscan Systems Limited, Analogic Corporation, Garrett Electronics Incorporated, Implant Sciences Corporation, Minelab Electronics Pty Limited, Autoclear LLC, Kromek Group plc , Westminster Group plc, Tek84 Engineering Group LLC, C.E.I.A. S.p.A., Gilardoni S.p.A., Braun & Co. Ltd., Brijot Imaging Systems Incorporated, Laurus Systems Inc., Point Security Inc., Adani Systems Inc., Cobalt Light Systems
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