Airport Passenger Screening System Market: Industry Development Scenario, Industry Trends & Revenue Models 2027
Research Nester released a report titled"Global Airport Passenger Screening System Market Outlook: Industry Insights & Opportunity Assessment 2019-2027"which includes some prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter's five force model.
With the ability of advanced screening systems to accommodate the growth in air traffic without impacting the operational efficiency of an airport by adopting biometric technology and more automated screening lines, the airport passenger screening systems market is anticipated to grow significantly in upcoming years. The airport passenger screening system market is anticipated to witness significant opportunities and is estimated to grow at a CAGR of around 4.8% over the forecast period i.e. 2019-2027. The global airport passenger screening system market is segmented by type, application and region.
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Geographically, the global airport passenger screening system market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region, out of which, the market in North America region holds the largest market share owing to rising number of terror threats, migration crisis, presence of the large number of airports and related infrastructure in the region.
Further, the market in Asia Pacific region is projected to witness the highest growth rate in airport passenger screening market owing to the rising threats, re-modernization of existing airports and building of new airports to meet the rising travelers' traffic in its countries. These factors, along with, growing economies, improvement in household incomes, and favorable demographic profiles of the countries such as China, India, Thailand and Indonesia are expected to propel the growth of airport passenger security systems in the region.
Integration of advanced technology supporting screening devices and strict airport security regulations in order to ensure safety of increasing number of passengers against critical situations, and increase operational efficiencies of the airport, is estimated to boost the growth of the market over the forecast period.
However, rising concern among airport regulatory authorities such as fear of privacy interruption combined with concerns related to ill health effects of full body scanning, among the air travelers is anticipated to hamper the adoption of screening systems.
This report also provides the existing competitive scenario of some of the key players of the global airport passenger screening system market which includes company profiling of key companies such as:
Agilent Technologies (NYSE: A),
Garrett Electronics Inc.,
Kromek (LON: KMK),
Leidos (NYSE: LDOS),
L-3 Technologies Inc.,
Nuctech Systems Ltd,
OSI Systems Inc.( NASDAQ: OSIS),
Smiths Group (LON: SMIN) and Vanderlande Industries BV.
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The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. Conclusively, the report titled "Global Airport Passenger Screening System Market" , analyses the overall airport passenger screening system industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global airport passenger screening system market in the near future.
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