PUBLISHER: The Business Research Company | PRODUCT CODE: 1409177
PUBLISHER: The Business Research Company | PRODUCT CODE: 1409177
“Airport Cabin Baggage Scanner Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on airport cabin baggage scanner market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for airport cabin baggage scanner? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The airport cabin baggage scanner market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
The airport cabin baggage scanner is a screening apparatus employed to examine carry-on and checked bags for prohibited items within airport premises.
Key elements of airport cabin baggage scanners encompass hardware, software, and associated services. The hardware component is responsible for inspecting luggage to identify items prohibited during air travel. The scanners utilized include both 2D and 3D technologies, catering to a range of airport types such as commercial services airports, cargo services airports, and general aviation airports.
The airport cabin baggage scanner market research report is one of a series of new reports from The Business Research Company that provides airport cabin baggage scanner market statistics, including airport cabin baggage scanner industry global market size, regional shares, competitors with airport cabin baggage scanner market share, detailed airport cabin baggage scanner market segments, market trends, and opportunities, and any further data you may need to thrive in the airport cabin baggage scanner industry. This airport cabin baggage scanner market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The airport cabin baggage scanner market size has grown strongly in recent years. It will grow from $2.8 billion in 2023 to $3.02 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The expansion observed during the historical period can be ascribed to factors such as increased concerns about terrorism and security, the incorporation of automated features, adherence to industry standards and innovations, the widespread adoption of CT scanning, and substantial investments in research and development.
The airport cabin baggage scanner market size is expected to see strong growth in the next few years. It will grow to $3.99 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The anticipated growth in the forecast period can be credited to a heightened demand for enhanced security measures, integration with artificial intelligence and machine learning technologies, the surge in air travel, the implementation of remote screening solutions, and a focus on sustainability initiatives. Noteworthy trends expected in the forecast period comprise advancements in imaging technology, increased automation and integration of AI, a stronger emphasis on regulatory compliance, improvements in efficiency and throughput, as well as a growing emphasis on adaptability and flexibility.
The expansion in air traffic is anticipated to be a driving force behind the surge in demand for airport cabin baggage scanners. Air traffic, denoting the systematic movement of aircraft through airspace, is on the rise due to global demographic and economic growth. This growth, in turn, amplifies the need for advanced airport cabin baggage scanners. These scanners play a crucial role in airport security, detecting concealed items within carry-on luggage, encompassing metallic and non-metallic objects such as food, plastics, and potential threats such as weapons. According to the International Air Transport Association (IATA), global air traffic witnessed a substantial surge, reaching 41.3% higher in November 2022 compared to the same month in 2021. Consequently, the escalating air traffic significantly contributes to the burgeoning demand within the airport cabin baggage scanners market.
The escalating incidents of illegal goods smuggling are anticipated to be a significant driving factor for the airport cabin baggage scanner market's growth trajectory. Smuggling entails the unlawful transportation of goods or substances across borders in violation of regulations. Airport cabin baggage scanners play a pivotal role in detecting contraband, including explosives, weapons, and drugs, by utilizing X-ray or imaging technologies to scrutinize the contents of carry-on luggage. As reported by the World Customs Organization, smuggling cases from China to Austria flights surged by an alarming 255%, escalating from 3,346 cases in 2020 to 11,872 in 2021. This uptick in smuggling incidents underlines the crucial need for enhanced security measures, thereby propelling the demand for efficient and sophisticated airport cabin baggage scanners.
Technological advancements represent a prominent trend shaping the airport cabin baggage scanner market. Companies engaged in this sector are increasingly focused on developing cutting-edge solutions to fortify their market position. An illustrative instance of this trend is the launch of Helixview by Thales Group in June 2022. Helixview is an innovative airport baggage scanner that integrates X-ray nanotechnology-based electronic scanning and 3D imaging reconstruction. This amalgamation of advanced technologies enhances airport security measures, enabling passengers to travel seamlessly without the need to remove items from their luggage, thereby reflecting the market's thrust towards technological innovation and enhanced security offerings.
The development of technologically advanced products such as CT checkpoint X-rays represents a pivotal strategy for major players in the airport cabin baggage scanner market. CT checkpoint X-rays utilize computed tomography (CT) to generate detailed 3D images of passengers' carry-on bags, enhancing security screening capabilities. An exemplary instance is the launch of the SCAN 6040 CTiX Model S by Smiths Detection in February 2023. This innovative technology provides detailed 3D bag images, surpassing the capabilities of traditional X-ray scanners. Security officers benefit from enhanced visibility, enabling them to identify suspicious items that might be obscured in conventional X-ray images. Additionally, the HI-SCAN 6040 CTiX Model S is equipped with automatic explosives detection (AED) software, automating the identification of explosives in carry-on bags. This integration not only reinforces security measures but also expedites the screening process, thereby underscoring the significance of technological advancements in augmenting security standards within airports.
In March 2023, Tek84 Inc., a leading provider of body scanning and surveillance solutions, successfully completed the acquisition of IDSS Corp. This strategic move positions Tek84 to fortify its foothold in the competitive airport security market by integrating IDSS Corp's state-of-the-art ultra-low-dose X-ray scanning solutions into its product portfolio. The acquisition underscores the industry's commitment to expanding both product offerings and market reach. IDSS Corp, renowned for its expertise in delivering advanced threat detection solutions for airports and secure facilities, specializes in cutting-edge body and baggage scanners. By strategically incorporating IDSS Corp's capabilities, Tek84 aims to elevate its standing in the aviation sector, aligning with the industry's overarching goal of providing innovative security solutions to address evolving threats.
Major companies operating in the airport cabin baggage scanner market report are Kremoint Pharma Pvt. Ltd., Vega Pharma Ltd., Jiangxi Bolai Pharmacy Co. Ltd., Xian Wison Biological Technology Co. Ltd., Hangzhou Uniwise International Co. Ltd., HuvePharma, Yi Chang Veterinary Medicine Factory, Medson Pharmaceuticals, Medico Remedies Pvt. Ltd., Cipla Limited, Pfizer Inc., AbbVie Inc., Teva Pharmaceutical Industries Ltd., Zoetis Inc., Taiwan Fructose, Novartis AG, Johnson & Johnson Inc., Bristol Myers Squibb Company, Sandoz International GmbH, Sun Pharmaceutical Industries Ltd., Zydus Lifesciences Ltd., Lupin Limited, Aurobindo Pharma Limited, Fresenius Kabi AG, Aspen Pharmacare Holdings Limited, Mylan N.V., Sanofi S.A., Merck & Co. Inc., GlaxoSmithKline plc, Eli Lilly and Company .
Asia-Pacific was the largest region in the airport cabin baggage scanner market in 2023. The regions covered in the airport cabin baggage scanner market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the airport cabin baggage scanner market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The airport cabin baggage scanner market consists of revenues earned by entities by providing airport baggage screening, detection and carry baggage inspection services. The market value includes the value of related goods sold by the service provider or included within the service offering. The airport cabin baggage scanner market also includes sales of x-ray machines, millimeter wave scanners and cabinet x-ray machines which are used in providing airport cabin baggage scanner services. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.