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Steady Expansion Forecast for Airport Passenger Screening Systems Market, Projected to Reach $3.6 Billion by 2029
Airport Passenger Screening Systems Market
Airport Passenger Screening Systems Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, there has been a swift expansion in the market size for airport passenger screening systems. This market is projected to increase from $2.31 billion in 2024 to reach $2.56 billion in 2025, growing at a compound annual growth rate (CAGR) of 10.7%. The market growth in the historical duration is linked to factors such as the surge in global trade, economic growth, the rise of e-commerce, optimization of the supply chain, and fluctuating fuel prices.
Airport Passenger Screening Systems Market Size Forecast: What's the Projected Valuation by 2029?
The market size of airport passenger screening systems is anticipated to experience robust growth in the coming years. It is projected to reach $3.6 billion by 2029, growing at a compound annual growth rate (CAGR) of 8.9%. Various factors such as sustainability initiatives, trade policies, geopolitical shifts, pandemic recovery, regulatory changes, and capacity issues contribute to the growth during the forecast period. Key trends that will shape this market during the forecast period include the integration of technology, technological advancements, investment in infrastructure, and focus on sustainability and green initiatives.
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What Are the Drivers Transforming the Airport Passenger Screening Systems Market?
The surge in the number of air travelers is anticipated to spur the growth of the airport passenger screening systems market. When we talk about a passenger, we are referring to someone who is traveling by air from one spot to another and is neither a pilot nor part of the flight crew. The airport passenger screening systems offer numerous advantages to the passengers, substantially enhancing their safety and air travel security. For example, data from the International Air Transport Association, a Canada-based global airline trade association, disclosed that in 2021, the total air passengers accounted for 47% and it escalated to 94% by 2023. Additionally, the total air passeneger count in North America stood at 94% in 2022 and rose to 102% in 2023. Thus, the escalating count of air passengers is promoting the growth of the airport passenger screening systems market. Market Driver for Airport Passenger Screening Systems: Escalating Airport Smuggling Boosts Expansion in Airport Passenger Screening Systems Market
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What Long-Term Trends Will Define the Future of the Airport Passenger Screening Systems Market?
Leading companies in the airport passenger screening systems market are launching next-generation products like OPENGATE to enhance people screening procedures and boost market revenues. For example, in July 2023, CEIA USA Ltd., a dominant US company offering security screening devices, unveiled OPENGATE, a new age weapons detection system. Its open structure enables quick, automated, and unrivalled inspection of individuals with bags, rucksacks, and suitcases for identifying large-scale shooting weapons. Though it is lightweight and portable, weighing a mere 25 pounds, this unit can be set up in less than a minute with a straightforward switch-on-and-operate routine. It's designed meticulously to avoid any cords or obstructions between the two pillars that could cause people to stumble. This fast and uncomplicated setup does not include assembling or installing any mechanical or electrical equipment, even in the walkway.
Which Segments in the Airport Passenger Screening Systems Market Offer the Most Profit Potential?
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
Subsegments:
1) By Metal Detectors: Walk-Through Metal Detectors, Hand-Held Metal Detectors
2) By Advanced Imaging Technologies: Millimeter Wave Imaging, Backscatter X-ray Imaging, Full-Body Scanners
3) By X-ray Full-Body Scanners: X-ray Full-Body Scanners, Non-X-Ray Full-Body Scanners
4) By Explosive Trace Detectors: Ion Mobility Spectrometry (IMS), Mass Spectrometry, Other Explosive Trace Detectors
5) By Magnetostatic Detectors: Fixed Magnetostatic Detectors, Portable Magnetostatic Detectors
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Which Firms Dominate the Airport Passenger Screening Systems Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential in the Airport Passenger Screening Systems Market?
North America was the largest region in the airport passenger screening systems market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the airport passenger screening systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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