The baggage scanners market has been segmented by end-users into airports, railway stations, educational institutes, border checkpoints, public sectors etc. and finds its applications in government sector and defense & security for detection of metals and explosives. Among these segments, the airports, railway stations, government and defense services sector have a high demand for baggage scanners as security in these regions is one of the major concerns for the safety of government officials and passengers or travelers and to not compromise their security will propel the growth of baggage scanners market with noteworthy revenue over the forecast period.
The global market of baggage scanners is expected to flourish at a robust compound annual growth rate (CAGR) over the period 2017-2024 and is anticipated to reach significant market valuation in terms of revenue by the end of 2024. Growing rate of terrorism and other violent activities is one of the major factors that are driving the demand for baggage scanners. Further, development of new airports, railways stations and up gradation of existing airports and railway stations is anticipated to spike the growth of baggage scanners market over the forecast period.
Geographically, North America is dominating the baggage scanners market across the globe and is expected to behold this positive growth over the forecast period. This can be attributed to the stringent government rules & regulations to provide safety to the people at the airports, railway stations and other public places. Further, Europe region is the second leading market for baggage scanners and is expected to grow with remarkable pace during the forecast period owing to rising air traffic on the airports and increasing number of passengers at the airports & railway stations. In addition to this, rising export, import and tourism activities is estimated to propel the growth of the Asia Pacific baggage scanner market with a robust growth.
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‘Rising Tourism’ & ‘Terrorism Threats’ to Augment the Market
The growth of the baggage scanners market is driven by growing number of passengers and international travellers for educational and tourism reasons at airports and railway stations coupled with growing number of terrorism activities and are expected to promote the demand for baggage scanners at security checkpoints at airports, railways, and other areas where security is a highly concerned factor.
However, poor passenger travel growth and high installation cost are the factors that are dampening the growth of the baggage scanners market.
The report titled “Baggage Scanners Market: Global Demand Analysis & Opportunity Outlook 2024” delivers detailed overview of the baggage scanner market in terms of market segmentation by application, by end-users, by sorting system and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the baggage scanner market which includes company profiling of Astrophysics Inc., Ammeraal Beltech, DAIFUKU LOGAN, G&S Airport Conveyor, Beumer Group, Detectorall Co. Ltd., Kapri Corp., Shanghai Eastimage Equipment Co. Ltd., Pteris Global and Automated Technology Group Ltd.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the baggage scanner market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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