According to the latest research report titled “Airport X-Ray Security Screening System Market Forecast to 2028 – COVID-19 Impact and Global Analysis,” published by The Insight Partners, 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 North America region includes the U.S., Canada, and Mexico, and the region has advanced security screening technologies. The government and the companies in the regions are constantly focusing on the development of advanced security scanning products. The region has witnessed various terror attacks, and with the growing demand for public safety, the government is focusing on security checks at public places, which is supporting the demand for X-ray security scanners market in the region. A rise in government initiatives and compliances for policies and security by the regulatory bodies have resulted in an increase in investments related to security by the companies. An increase in life-threatening threats such as terrorist attacks and criminal activities, including recent mass shooting incidences in the U.S., has resulted in installing enhanced security screening systems in the buildings.
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The Airport Council International-North America has estimated a need of around US$ 100 Bn during 2018 – 2021 in the U.S for airport infrastructure development. 63% of the airport development is envisioned to accommodate passenger and cargo activity growth, and 30% is envisioned to upgrade existing infrastructure, maintain a state of good repair, as well as retain airports up to standards for the aircraft that use them. This would further result in upgrading airports across the region; thus, bolstering the demand for X-ray security scanners. In the US, John F Kennedy International Airport; Orlando International Airport; LaGuardia Airport; and Newark Liberty International Airport are amongst the 10 US airports ready for billion-dollar expansions. The airport expansion projects are projected to support installation of security systems such as x-ray security system, facial recognition technology, and many more.
Governments across the world are striving to bring advancements in their respective aviation sectors and associated industries. Growing investments in the construction of newer airports and expansion of existing ones encourage the adoption of enhanced security solutions for better operations. The increase in instances of security breaches at the airports is generating substantial demand for high-tech security solutions such as baggage scanners and passenger scanners. In addition, many governments are emphasizing on the construction of newer airports to cater to the growing volume of air passengers. According to Center of Asia-Pacific Aviation (CAPA) airport construction database, APAC has invested the significant amounts in the construction of new airports, with China and India being the forerunners. The attraction toward the deployment of advanced security systems across the newly constructed airports is expected to generate substantial demand for airport x-ray security systems in the coming years. The new airports are expected to incorporate a large number of smart technologies to accommodate higher volumes of passengers and ease their movement through seamless baggage scanning and hazzle-free individual scanning. Thus, the surge in new airport construction activities is a key force driving the airport x-ray security screening market progress.
Key Findings of Study:
The global airport X-ray security screening system market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South America (SAM). The market in North America is further segmented into the US, Canada, and Mexico, and the region has advanced security screening technologies. The government and companies in the regions are constantly focusing on the development of advanced security scanning products. With the growing demand for public safety, governments in North American countries are focusing on security checks at public places, thereby encouraging the adoption of X-ray security scanners in the region. A rise in government initiatives and policy compliance requirements has triggered the investments related to security solutions by the companies operating in the marketspace. A surge in life-threatening events such as terrorist attacks and criminal activities, in the US, has further propelled the installation of security screening systems in the airport buildings.
The Airport Council International-North America has estimated a need of ~US$ 100 billion during 2018–2021 in the US for the development of airport infrastructure. 63% of the airport development is envisioned to accommodate passenger and cargo activity growth, and 30% is envisioned to upgrade existing infrastructure, maintain a state of good repair, as well as retain airports up to standards for the aircraft that use them. This would further result in upgrading airports across the region, thus bolstering the demand for X-ray security scanners.
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