Report Details:
15 Companies Covered
128 Pages
Airport Baggage Screening Systems Market Outlook
North America dominated the market for the airport baggage screening systems in 2016, largely due to existence of major market players in this region. Over the years, there have been high heavy investments on the airport security systems in the region, due to the growing number of attacks and terror threats across the globe.
Similarly, Asia-Pacific is expected to be the leading market for the airport baggage screening systems primarily due to the increasing expenses on the development and up gradation of airport infrastructure in the region. The countries such as Malaysia, Indonesia, Philippines, and Thailand have witnessed a steady international air traffic growth in the recent years, which have resulted in higher investments on the airports by their governments.
Similarly, there has been a significant domestic air traffic growth iin countries such as India and China. In addition, there have been a large number of terrorist threats in this region, which have compelled the governments to increase improve their security measures. Thus, the region has become a very lucrative for the companies that manufacture airport baggage screening systems.
Taste the market data and market information presented through more than 40 market data tables and figures spread over 80 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Airport Baggage Screening Systems Market Research Report - Forecast to 2023”.
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Global Airport Baggage Screening Systems Market:
This report includes a study of strategies, of major market players. It includes the product portfolios and developments of leading major players such as American Science and Engineering, Inc., Analogic Corporation, Astrophysics Inc., C.E.I.A. S.p.A., Gilardoni S.p.A., Glidepath Group, L3 Security & Detection Systems, NUCTECH COMPANY LIMITED, Rapiscan Systems, and Smiths Detection. In 2016, these companies accounted for a share of XX% of the global market.
Market Research Analysis:
The increasing development of smart airports and new terminals are some major factors that boost the global market for airport baggage screening systems. Over the years, there have been increasing investments on airport infrastructure, particularly in the Asia-Pacific region. Moreover, a number of smart initiatives are being introduced at the airports, which is expected to augment the aviation industry, as a whole. With the International Air Transport Association (IATA) and Airports Council International (ACI) focusing on ensuring minimal inconvenience to passengers and facilitate optimized airport operations, the airport baggage screening systems are expected to be subjected to rapid technological developmentsThe developing countries such as India, Indonesia, and China have been increasing their expenses on for the development and upgradation of airport infrastructures, which is expected to compliment the global airport baggage screening systems market. With the development of new airports, the role for baggage handling systems has increased become significantly, over the years.
Moreover, the growing demand for air travel and the increasing air traffic are expected to propel the demand for the market. The manufacturers of these are increasingly focusing on the development and provision of efficient baggage screening systems, as the improvement of the existing baggage screening processes can simultaneously support the performance and efficiency of an airport simultaneously. Therefore, the global airport baggage screening market is expected to register a CAGR of more than 5%.
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