This research report highlights the growth prospects of the airport passenger screening systems market with a focus on the market shares for EMEA, APAC, and the Americas until 2019. The report also presents market shares of major countries (US, China, UK, Japan and Germany) in the airport passenger screening systems market by revenue. It covers the vendor landscape that includes companies such as CEIA, L-3 Communications, Rapiscan, and Smiths Detection.
Technavio presents an in-depth analysis of the airport security market, with the publication of its new report, Global airport passenger screening systems market, which is estimated to grow at a CAGR of around 4% between 2015 and 2019, as a result of increasing air passenger traffic across the world.
Though currently EMEA leads the airport passenger screening systems market occupying around 34% of the market share, the market is gradually shifting to emerging countries with increased demand from APAC and the Middle East. APAC is likely to cover around 38% of the market by 2032 surpassing North America and Europe. It is one of the fastest growing regions in the global aviation industry, expected to reach over $498 million by 2019, observing rapid expansion of airport terminals and new airport construction projects on its way.
Airport passenger screening systems market in APAC 2014-2019 ($ millions)
Source: Technavio Research
“Deploying adequate passenger screening capacities in airports is one of the major areas of investment both by government and private industry. Reduction in aircraft delays, timely departures and arrivals of passengers are the key areas that need immediate attention. For the moment, IATA and ACI have jointly initiated ‘Smart Security,’ aiming to familiarise advanced screening technologies, risk-based security concepts, and process innovations resulting in enhanced security and increased operational efficiency,” says Srirma Mohan, Lead Analyst, Aerospace and Defence, Technavio Research.
Major vendors like CEIA, L-3 Communications, Rapiscan, and Smiths Detection dominate the airport security market. Increased competitive scenario has prompted these vendors to come up with new software and processes that do not produce a realistic full-body image of the passenger, and maintains the person’s anonymity of the image.
This report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. There are many key drivers, challenges, and opportunities that are discussed in detail.
More detailed analysis is available in the Technavio report Global airport passenger screening systems market 2015-2019. We can customize this reports by other regions and specific segments upon request.
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