Airport Passenger Screening Systems Market Size to Surpass USD 4,295.7 Million by 2031 with a CAGR of 9.09% | KR


Posted August 1, 2024 by KingsResearchInfo

Airport Passenger Screening Systems Market Size Poised to Register 9.09% CAGR through 2031 | KR
 
Kings Market Research has published a detailed analysis of the “Airport Passenger Screening Systems Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscapes. Airport Passenger Screening Systems Market size was valued at USD 2,174.9 million in 2023 and is projected to grow from USD 2,336.1 million in 2024 to USD 4,295.7 million by 2031, exhibiting a CAGR of 9.09% during the forecast period.

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List of Key Companies in Airport Passenger Screening Systems Market

Agilent Technologies, Inc.
Analogic Corporation
Kromek Group plc
L3Harris Technologies, Inc.
Leidos
Nuctech
OSI Systems, Inc.
Smiths Detection Group Ltd.
Vanderlande Industries B.V.
E.I.A. S.p.A.
Key Market Drivers:-

Increasing Air Traffic: With the rise in global air travel, airports are witnessing a surge in passenger numbers. According to the International Air Transport Association (IATA), the number of air passengers is expected to double by 2037, creating an urgent need for efficient and effective passenger screening systems.
Enhanced Security Measures: In the wake of global security threats, governments and airport authorities are prioritizing the implementation of advanced screening technologies. This is crucial to ensuring passenger safety and preventing potential threats, driving the demand for sophisticated screening systems.
Technological Advancements: Continuous innovations in screening technology, including the development of automated and AI-powered systems, are enhancing the accuracy and speed of passenger screening processes. This not only improves security but also enhances passenger experience by reducing wait times.
Market Segmentation:-

The airport passenger screening systems market is segmented based on product type, airport size, and region.

By Product Type: The market includes metal detectors, explosive trace detectors, full-body scanners, and advanced imaging technology (AIT) systems. Full-body scanners and AIT systems are witnessing higher adoption due to their ability to detect non-metallic threats.
By Airport Size: Airports are classified into small, medium, and large, based on passenger traffic. Large airports, with higher passenger volumes, are the primary adopters of advanced screening systems, while medium and small airports are gradually upgrading their screening infrastructure.
By Region: The market is analyzed across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America and Europe currently lead the market due to stringent security regulations and high passenger traffic, while the Asia Pacific region is expected to exhibit the highest growth rate, driven by rapidly increasing air travel and infrastructure development.
Future Outlook:

The future of the airport passenger screening systems market looks promising, with several trends expected to shape the industry:

Integration of AI and Machine Learning: The incorporation of artificial intelligence (AI) and machine learning in screening systems is set to revolutionize the market. These technologies enable real-time threat detection, predictive analytics, and enhanced decision-making capabilities.
Biometric Screening: The adoption of biometric screening technologies, such as facial recognition and fingerprint scanning, is gaining traction. These technologies not only improve security but also streamline the passenger screening process, reducing wait times and enhancing the overall travel experience.
Conclusion:-

The airport passenger screening systems market is on a trajectory of robust growth, driven by increasing air travel, enhanced security measures, and technological advancements. As airports continue to modernize their infrastructure and adopt cutting-edge screening technologies, the market is set to witness significant expansion. Industry players are poised to capitalize on these opportunities by innovating and delivering advanced solutions that ensure the safety and efficiency of air travel.

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Tags airport passenger screening systems
Last Updated August 1, 2024