Market Research Future Publish a New Report on – “Airport Baggage Screening Systems Market Research Report – Global Forecast to 2023”
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The increasing development of smart airports and new terminals are some major factors that boost the global market for airport baggage screening systems. Over the years, there have been increasing investments on airport infrastructure, particularly in the Asia-Pacific region. Moreover, a number of smart initiatives are being introduced at the airports, which is expected to augment the aviation industry, as a whole. With the International Air Transport Association (IATA) and Airports Council International (ACI) focusing on ensuring minimal inconvenience to passengers and facilitate optimized airport operations, the airport baggage screening systems are expected to be subjected to rapid technological developments. With the development of new airports, the role of baggage handling systems has become significant, over the years.
Moreover, the growing demand for air travel and the increasing air traffic, are expected to propel the demand for the market. The manufacturers of these are increasingly focusing on the development and provision of efficient baggage screening systems, as the improvement of the existing baggage screening processes can simultaneously support the performance and efficiency of an airport. Therefore, the global airport baggage screening market is expected to reach the valuation of USD 4,260.9 million and register a CAGR of 5.42%.
Taste the market data and market information presented through more than 50 market data tables and figures spread in 103 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Airport Baggage Screening Systems Market Research Report – Global Forecast to 2023”
Airport Baggage Screening Systems Market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
- American Science and Engineering, Inc.,
- Analogic Corporation,
- Astrophysics Inc.,
- E.I.A. S.p.A.,
- Gilardoni S.p.A.,
- Glidepath Group,
- L3 Security & Detection Systems,
- NUCTECH COMPANY LIMITED,
- Rapiscan Systems,
- Smiths Detection.
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The growing demand for air travel and the increasing air traffic are expected to propel the demand for the market. The manufacturers of these are increasingly focusing on the development and provision of efficient baggage screening systems, as the improvement of the existing baggage screening processes can simultaneously support the performance and efficiency of an airport. Therefore, the global airport baggage screening market is expected to register a CAGR of more than 5%.
This research report provides insights, on various levels of analysis such as industry analysis, and market share analysis for the leading players along with their profiles. It also helps in studying the target segments by providing views on emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios & strategies in the global construction lift market, including high-growth regions and/or countries, and political, & economic environments. The project report, further, provides views on both the historical market values and pricing & cost analysis.
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North America dominated the market for the airport baggage screening systems in 2016, largely due to existence of major market players in this region. Over the years, there have been high heavy investments on the airport security systems in the region, due to the growing number of attacks and terror threats across the globe.
Similarly, Asia-Pacific is expected to be the leading market for the airport baggage screening systems primarily due to the increasing expenses on the development and up gradation of airport infrastructure in the region. The countries such as Malaysia, Indonesia, Philippines, and Thailand have witnessed a steady international air traffic growth in the recent years, which have resulted in higher investments on the airports by their governments.
Similarly, there has been a significant domestic air traffic growth in countries such as India and China. In addition, there have been a large number of terrorist threats in this region, which have compelled the governments to increase improve their security measures. Thus, the region has become a very lucrative for the companies that manufacture airport baggage screening systems.
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