Airport terminal extensions and new terminal development ventures globally, owing to increased air passenger traffic are driving the airport passenger screening systems market. Recently developed and modernized air terminals have to be supplied with the passenger screening systems, which is expected to drive the screening systems market. With terrorist threats around the globe, airplane terminals have stepped up passenger and luggage security. The increasing number of air passengers coupled with existential security threats is expected to increase the demand for these systems.
Establishment of New Airports and the Expansion of Existing Projects is Expected to Drive the Market
The growth in middle-class population in the developing countries, such as China and India has increased the air passenger traffic, and this trend is expected to continue. To handle the growth in the air traffic, many airports in different parts of the world have been undergoing expansions creating demand for passenger screening systems from the airports. Airport expansion projects are underway across the world. All the countries that are part of Gulf Cooperation Council are in the midst of expanding their airports as the region has few of the worldÕs busiest airports. The growth in the air traffic will necessitate expansion of capacity to provide seamless travel experience. India under its regional connectivity scheme has envisaged developing the underserved and unserved airports to boost domestic air travel. The Heathrow airport in London, the busiest in the European continent is undergoing expansion. The construction of both Greenfield and Brownfield airports across the world is expected to drive the demand for such systems.
Asia-Pacific Region is the Fastest Growing Market for Airport Passenger Screening Systems
Asia-Pacific is the fastest growing market for passenger screening systems, and its market share is set to increase during the forecast period. The market growth in the region would be backed by growth in traffic and improving infrastructure, especially in emerging economies, such as India, China, and Indonesia. Africa is currently a small region for the market, but is expected to post high-growth rate post 2020, as the region would emerge as an important aviation hub in future.
Major Players: L-3 SECURITY & DETECTION SYSTEMS INC., ANALOGIC CORPORATION, GARRETT METAL DETECTORS, MORPHO DETECTION INC. and CEIA amongst others.
March 2018: AmsterdamÕs Schipol airport introduced L-3 Security & Detection SystemÕs 3D-technology to enhance screening capabilities at its checkpoints. The system is designed to scan electronic devices in the luggage without passengers needing to remove them from their bags at the checkpoint
Reasons to Purchase this Report
¥ Identify the latest developments, market shares and strategies employed by the major market players
¥ Analyzes the market scenario with the help of PorterÕs Five Forces Analysis
¥ Analysis on the region that will have the largest share in the market
¥ Insights on airport expansions and new airport construction projects
¥ Analysis on impact of growth of air traffic on the demand for airport passenger scanning systems
¥ 3-month analyst support, along with the Market Estimate Sheet (in excel)
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Companies Mentioned are -
Analogic Corporation, CEIA, Cobalt Light Systems, Garrett Metal Detectors, Ketech Systems Ltd., Kromek Group PLC., L-3 Security & Detection Systems Inc., Morpho Detection Inc., Optosecurity Inc., Rapiscan System Ltd., Reveal Imaging Technologies Inc., Smiths Detection
1.1 Study Deliverables
1.2 General Study Assumptions
2. Research methodology
2.2 Analysis Methodology
2.3 Study Phases
2.4 Econometric Modelling
3. Executive Summary
4. Market Overview and Trends
4.1 Current Market Scenario
4.2 Technology Trends
4.3 Porter's Five Forces Framework
4.3.1 Bargaining Power of Buyers
4.3.2 Bargaining Power of Supplier
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. Market Dynamics
5.1.1 Increased Security Concerns owing to growth in terrorism
5.2.1 Increasing Passenger Traffic and the resultant expansion of Airports
6. Airport Passenger Screening Systems Market, Segmentation By Type
6.1 Metal Detectors
6.2 Full Body Scanners
6.3 Advanced Imaging Technologies
7. Airport Passenger Screening Systems Market, Segmentation By Geography
7.1 North America
7.1.3 Rest of North America
7.2.4 Rest of Europe
7.3.4 South Korea
7.3.5 Rest of Asia-Pacific
7.4 Rest of the World
7.4.3 South Africa
8. Competitive Landscape
8.2 Market Structure & Analysis
9. Company Profiles
9.1 Analogic Corporation
9.3 Cobalt Light Systems
9.4 Garrett Metal Detectors
9.5 Ketech Systems Ltd.
9.6 Kromek Group PLC.
9.7 L-3 Security & Detection Systems Inc.
9.8 Morpho Detection Inc.
9.9 Optosecurity Inc.
9.10 Rapiscan System Ltd.
9.11 Reveal Imaging Technologies Inc.
9.12 Smiths Detection
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.