Our comprehensive research on the Global Airport Automated Security Screening Market (2023-2031) provides insights for businesses. It covers trends, investments, tech advancements, and major players. The report uses qualitative and statistical data from 2017-2031, including SWOT, BCG, PESTLE analysis, and visuals. It offers a full market landscape with stakeholder insights, regional outlooks, and financial considerations.
The global airport automated security screening market size was US$ 860 billion in 2021. The global airport automated security screening market is forecast to grow to US$ 1020.1 billion by 2030 by growing at a compound annual growth rate (CAGR) of 2.1% during the forecast period from 2022 to 2030.
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Factors Influencing the Market
The growing adoption of new technologies in airport automated security screening is primarily driving the market’s growth. In addition, the growing focus of airport authorities toward broadening security coverage is forecast to benefit the global airport automated security screening market.
Rising spending on enhancing airport security will propel the airport automated security screening market forward. In addition, growing traffic on airports will surge the growth of the airport automated security screening market.
The increasing advancements in the industry will boost the growth of the global airport automated security screening market. For instance, Rapiscan System’s ORION series qualified for TSA air cargo screening in 2020.
Growing urbanization and employment rate are forecast to contribute to the growth of the global airport automated security screening market during the study period.
The growing number of airports and increasing demand for industrial automation items are forecast to contribute to the growth of the global airport automated security screening market.
Regional Analysis
Asia-Pacific is forecast to emerge as the largest airport automated security screening market, followed by North America. The growth of the market is attributed to the growing number of airports and increasing advancements in the sector. Furthermore, rising urbanization and favorable government policies are forecast to benefit the regional market.
The growth of the airport automated security screening market is also attributed to the growing automation and increasing disposable income.
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Competitors in the Market
- L3 Securitiy Dtection Systems
- Nuctech
- Osi Systems, Inc.
- Smith’s Detection
- Analogic
- Ceia
- Autoclear
- Astrophysics, Inc.
- Adani Systems Inc.
- Other Prominent Players
The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.
As of the end of 2022, the Airport Automated Security Screening industry experienced notable growth in its workforce. Starting in January, employment within the Airport Automated Security Screening sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Airport Automated Security Screening output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sector’s production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.
Forecasts indicate that the global Airport Automated Security Screening output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Airport Automated Security Screening market, remains both its largest producer and consumer. Remarkably, China’s market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nation’s GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Airport Automated Security Screening market.
Market Segmentation
The global airport automated security screening market segmentation focuses on Application, End-User, and Region.
Based on the application, the airport automated security screening market has been segmented into–
- People
- Product
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Based on the end-user, the airport automated security screening market has been segmented into –
- Airports
- Ports and Borders
- Defense
- Others (Critical Infrastructure)
Based on the region, the airport automated security screening market has been segmented into –
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
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Table of Contents:
Chapter 1: Introduction to the Global Airport Automated Security Screening Industry
Chapter 3: Dynamics of the Market
Chapter 4: Profiles of Leading Companies
Chapter 5: Competition in the Global Airport Automated Security Screening Market among Players
Chapter 6: Market Size across Global Regions
Chapter 7: Application Segments in the Global Market
Chapter 8: Segment Analysis of the Global Airport Automated Security Screening Industry
Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers
Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders
Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors
Chapter 12: Evaluation of Market Impact Factors
Chapter 13: Forecasted Global Airport Automated Security Screening Market Size (2023-2031)
Reasons to Acquire This Report
(A) This research imparts invaluable insights tailored for senior management, policymakers, industry professionals, product innovators, sales executives, and stakeholders within the market. It equips them with the information needed to make well-informed decisions and craft effective strategies.
(B) The report delivers a comprehensive analysis of global, regional, and country-level Airport Automated Security Screening market revenues, extending projections until 2030. This dataset empowers companies to gauge their market presence, recognize avenues for growth, and explore emerging markets.
(C) Through meticulous segmentation of the Airport Automated Security Screening market encompassing types, applications, technologies, and end-uses, this study empowers leaders to blueprint their products and allocate resources based on the projected growth trajectories of each segment.
(D) Investors stand to gain from the market analysis by gaining insights into market scope, positioning, key drivers, challenges, limitations, expansion prospects, and potential risks. Armed with this knowledge, they can make well-considered investment choices.
(E) The report conducts an intricate analysis of competitors, unraveling their pivotal strategies and market positioning. This intelligence equips businesses with a profound understanding of the competitive landscape, enabling them to chart their own strategies accordingly.
(F) The study facilitates the assessment of Airport Automated Security Screening business projections delineated by region, key countries, and prominent companies, bestowing invaluable information for investment strategizing and decision-making.
Why is our study consequential?
Our study holds paramount importance for various reasons, a few of which include:
• Assisting businesses in gauging the viability of new or existing products or services.
• Facilitating business enterprises in the identification and cultivation of novel market segments.
• Providing a preemptive understanding of consumer demand prior to introducing new products, services, or features.
• Enhancing the overall efficacy of marketing, advertising, and promotional initiatives.
• Analyzing market trends to aid businesses in devising adaptive strategies.
• Guiding businesses in the optimal placement of their products.
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