Airport Passenger Screening Systems Market - Growth, Trends, and Forecast (2020 - 2025)
発行: Mordor Intelligence LLP
ページ情報: 英文 105 Pages
The airport passenger screening systems market is anticipated to register a CAGR of over 10% during the forecast period, 2020 - 2025.
Advanced Imaging Technology Segment Expected to have a High Growth Rate during the Forecast Period
Metal detectors dominate the airport passenger screening systems market, as of 2019. Metal detectors are currently the most widely used ones in all airports, across the world. Full Body Scanners are banned in certain countries, due to privacy issues, which led to the development of advanced imaging technology, which is an advanced body scanner. Body scanners based on advanced imaging techniques are costly and are currently replacing the full body and metal detectors in several airports. Hence, the advanced imaging technology segment is likely to experience maximum growth during the forecast period.
Asia-Pacific Region to Dominate the Market during the Forecast Period
The North America region held the major share, in terms of revenue, in 2019, due to a large number of airports and related infrastructure in the region. But during the forecast period, Asia-Pacific is set to experience major growth, mainly due to the modernization of the existing airport facilities and construction of new airports, majorly in India, China, and some countries in Southeast Asia, like Vietnam and Thailand.
The passenger screening systems market is in the process of consolidation, with businesses aligning their products and services to either excel in a particular product type or to become a complete security and detection products manufacturer and service provider. This market is expected to gain a lot more competitors from the local Asian players, as demand improves in the region and players fall short in production. India and China have already formed alliances, partnerships, and JVs with MNCs, in order to develop their own screening technologies and standards for equipment, due to the rising threat of terrorism, militant groups, and the toughening movement of known criminals/perpetrators of law.