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Airport Baggage Screening Systems Market Research Report 2024 - By Growth, Recent Trends, Key Players And Forecast To 2033
Airport Baggage Screening Systems Market Research Report
According to The Business Research Company's, The airport baggage screening systems market size has grown strongly in recent years. It will grow from $3.1 billion in 2023 to $3.32 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to disease and pest management, enhanced crop yield and quality, improved seed germination, regulatory support, efficiency in application..
The airport baggage screening systems market size is expected to see strong growth in the next few years. It will grow to $4.22 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to sustainable agriculture practices, rising demand for ornamental plants, increased sports turf management, changing climate conditions, government initiatives for landscapin.. Major trends in the forecast period include advancements in formulations, biological seed treatments, precision application technologies, seed enhancement technologies, customized seed treatment solutions, integrated pest management (ipm)..
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Market Drivers and Trends:
The growing demand for air travel is expected to propel the growth of the airport baggage screening systems market going forward. Air travel refers to traveling by aircraft from one location to another. Airports employ various screening procedures to ensure the safety of air travel, one of which includes the use of X-ray imaging systems to inspect the hand-carried baggage of passengers. These systems are designed to detect the presence of any dangerous objects or weapons that may pose a threat to the safety of the flight. For instance, in 2022, according to the International Air Transport Association (IATA), a Canada-based agency for world airlines, total air traffic in 2022 (measured in revenue passenger kilometers, or RPKs) increased by 64.4% over 2021. The total air traffic increased to 39.7% in December 2022 compared to December 2021. Therefore, the increasing demand for air travel is driving the growth of the airport baggage screening systems market.
Technological advancements are a key trend gaining popularity in the airport baggage screening systems market. Companies operating in the airport baggage screening market are launching innovative artificial intelligence (AI) based technology to sustain their position in the market. For instance, in June 2022, Thales, a France-based technology company providing advanced solutions, launched HELIXVIEW, an innovative cabin baggage explosive detection system. HELIXVIEW is a compact and lightweight system that allows passengers to keep their items inside their luggage while being scanned. The system uses X-ray nanotechnology-based electronic scanning and 3D imaging reconstruction, making it fully compliant with the C3 standard for EDS CB scanners. Thales has integrated Artificial Intelligence (AI) and Cybersecurity into the system to enhance its intelligence and cost-effectiveness for airports. HELIXVIEW enhances airport security and offers passengers a stress-free and seamless travel experience.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
Analogic Corporation; Rapiscan Systems Limited; Glidepath Group Inc.; L3 Security & Detection Systems- Leidos; Gilardoni S.p.A.; Smiths Detection Limited; American Science and Engineering Inc.; Astrophysics Inc.; Nuctech Company Limited; G&S Airport Conveyor Systems LLC; Daifuku Co. Ltd.; Vanderlande Industries B.V.; Beumer Group GmbH; RTX Corporation; Siemens Logistics GmbH; L3Harris Security & Detection Systems; CEIA S.p.A.; Adani Systems Inc.; Garrett Metal Detectors Inc.; Sita SpA; VOTI Detection Inc.; Optosecurity Inc.; Integrated Defense & Security Solutions; Scan-X Security Ltd.; Rohde & Schwarz GmbH & Co. KG; Routescene Inc.; Cobalt Light Systems Inc.; OD Security Solutions Inc.; Morpho Detection LLC; EVS GmbH
Airport Baggage Screening Systems Market 2024 Key Insights:
• The airport baggage screening systems market will grow to $4.22 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%.
• Importance Of Airport Baggage Screening Systems
• Technological Advancements Driving Market Growth
• North America is expected to be the fastest-growing region in the forecast period
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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