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 heavy investments on the airport security systems in the region, due to the growing number of attacks and terror threats across the globe.
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 upgradation of airport infrastructure in the region. Countries such as Malaysia, Indonesia, Philippines, and Thailand have witnessed steady international air traffic growth in the recent years, which have resulted in higher investments on the airports by their governments.
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 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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Global Airport Baggage Screening Systems Market:
This report includes a study of strategies, of major market players. It includes the product portfolios and developments of leading major players such as American Science and Engineering, Inc., Analogic Corporation, Astrophysics Inc., C.E.I.A. S.p.A., Gilardoni S.p.A., Glidepath Group, L3 Security & Detection Systems, Nuctech Company Limited, Rapiscan Systems, and Smiths Detection.
1.2 Scope of Study
1.3 Research Objective
1.4 Assumptions & Limitations
1.5 Market Structure:
2 Research Methodology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
3 Market Dynamics
3.5 Macroeconomic Indicators
4 Market Factor Analysis
4.1 Porter’s five forces model
4.1.1 Bargaining Power of suppliers
4.1.2 Bargaining Power of Customer
4.1.3 Intensity of Competitor’s
4.1.4 Threat of New Entrants
Market Research Analysis:
The increasing development of smart airports and new terminals are some major factors that boost the global market for airport baggage screening systems. The developing countries such as India, Indonesia, and China have been increasing their expenses for the development and upgradation of airport infrastructures, which is expected to compliment the global airport baggage screening systems market. With the development of new airports, the role for 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 support the performance and efficiency of an airport simultaneously. Therefore, the global airport baggage screening market is expected to register a CAGR of more than 5%.
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