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Airport Passenger Screening Systems Market Size, Emerging Trends, Growth Rate, Business Opportunities And Forecast To 2033
Airport Passenger Screening Systems Market Size
According to The Business Research Company's, 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 Drivers and Trends:
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.
Major companies operating in the airport passenger screening systems market are introducing next-generation products such as OPENGATE to provide unprecedented screening of people and drive revenues in the market. For instance, in July 2023, CEIA USA Ltd, a US-based leading provider of security screening devices, introduced a new generation weapons detection system, OPENGATE Its open design allows for rapid, automated, and unparalleled screening of individuals carrying purses, backpacks, and luggage to detect mass casualty shooting weapons. Its lightweight, portable design, weighing only 25 pounds, installs in less than a minute with an easy turn-on-and-go process. There are no cords or obstructions between the two pillars that people could trip over or trip over as this quick and simple construction doesn't involve the setting up or assembly of any mechanical or electrical equipment, including none in the passageway.
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Major Key Players of the Market:
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
Airport Passenger Screening Systems Market 2024 Key Insights:
• The airport passenger screening systems market is expected to grow to $3.32 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%.
• Increasing Number Of Passengers Is Anticipated To Fuel Airport Passenger Screening Systems Market
• CEIA USA Introduces Revolutionary OPENGATE System For Unprecedented Airport Passenger Screening
• North America was the largest region in the airport passenger screening systems market in 2023
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