According to the new research report published by The Insight Partners, titled “Airport X-Ray Security Screening System Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Component and Type,” the market is projected to reach US$ 3,459.82 million by 2028 from US$ 2,538.98 million in 2021; it is estimated to grow at a CAGR of 4.5% from 2021 to 2028.
The global airport X-ray security screening system market is segmented into five major regions North America, Europe, Asia Pacific, the Middle East and Africa, and South and Central America. In 2020, Asia Pacific led the market with a substantial revenue share, followed by Europe and North America, respectively. Rising threats to major economies due to increasing terrorist activities compel governments and other parallel bodies to undertake air traffic controls. For instance, the Airports Authority of India (AAI), India, is set to increase security scanning systems. The deployment of full-body scanners at airports has helped reduce fraudulent activities, including the smuggling of diamonds, narcotics, and weapons. The rising security screening systems, which include full-body scanners as the major components, can successfully lower the impact of terrorist activities. In May 2021, Heathrow Airport selected Rohde & Schwarz to supply the Quick Personnel Security (QPS) scanners for reducing wait times for passengers and enhancing security checkpoints. The products are expected to ensure that all passengers, staff, and contractors accessing airside locations are scanned at the entry. The scanners facilitate the high accuracy of threat detection, low frequency of false alarms, and fast throughput to reduce passenger wait times even at busy periods, which are three key airport requirements.
The global airport X-ray security screening system market is segmented on the basis of component and type. The market, based on component, is segmented into solutions and services. On the basis of type, the market is bifurcated into baggage screening and people screening. On the basis of geography, the market is segmented into North America (US, Canada and Mexico), Europe (France, Germany, Italy, UK, Russia, and Rest of Europe), Asia Pacific (China, India, South Korea, Japan, Australia and Rest of APAC), the Middle East & Africa (UAE, Saudi Arabia, South Africa and Rest of MEA), and South America (Brazil and Rest of SAM).
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Upon the onset of the COVID-19 pandemic, in the initial months of 2020, lockdowns were enacted in many countries in the world, resulting in a travel ban. This hampered the operation of flights (except cargo aircraft). The shutdown of airports for regular passengers led to deflation in their revenues, thus restraining the airport x-ray security screening market. However, with gradual relaxations in lockdown, domestic flights begun operating in many countries in 2021, slowly adding to the demand for x-ray security screening systems at airports. With these relaxations, business units, companies, and commercial areas are also reopening. North America is one of the most important adopters of new technologies owing to favorable government policies to boost innovation. The COVID-19 pandemic has also led to delays in the expansion projects at Austin-Bergstrom Airport and Salt Lake City International Airport in the US. However, with airports recommenced their operations, the government bodies have started to reinvest huge amounts in such expansion projects.
ADANI; Nuctech Company Limited; OSI Systems, Inc.; Leidos; Astrophysics Inc.; VOTI Detection Inc.; Smiths Detection Group Ltd.; and Pexray Oy are among the major companies operating in the airport X-ray security screening system market.
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