According to the latest report by IMARC Group, titled “Airport Passenger Screening Systems Market Report: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global airport passenger screening systems market size reached US$ 2.2 Billion in 2018. Passenger screening systems are one of the most crucial aspects of airport security operations. Passengers are required to undergo strict security procedures before boarding their respective flights, which include pat-down search, luggage check and passenger screening. Screening systems aid in the detection of metallic and non-metallic items and any other threats to transportation security from entering the airport area.
Market Trends:
A significant increase in terrorist threat activities across the globe is one of the key factors driving the market growth. Owing to this, airport authorities constantly endeavor to enhance their systems to prevent any security breach. Moreover, factors such as rising working population and growing disposable income have increased the number of air passengers. Furthermore, airport authorities are continually engaging in research and development (R&D) activities to improve their security screening standards to meet greater accuracy and reliability in detecting hidden weapons and explosives. This, coupled with significant investments by market leaders in R&D, is also boosting the sales of these screening systems. For instance, the introduction of the millimeter wave technology, which boasts the ability to see through people’s clothing and identify undetectable objects, is expected to create a positive outlook for the market growth. On account of the aforementioned factors, the market value is anticipated to exceed US$ 2.8 Billion by 2024, expanding at a CAGR of 4.1% during 2019-2024.
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Market Summary:
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