AIRPORT AUTOMATED SECURITY SCREENING MARKET ANALYSIS
Airport automated security screening market was pegged at around US$ 2 billion in 2016, and is expected to register growth at around 5% CAGR through the forecast period (2017–2025). Increasing requirement to provide mechanized assessment of passengers and luggage, with minimal human errors and reduce time, efforts and expenses in the process is among the primary factors that will fuel growth of the airport automated security screening market.
Increasing concerns regarding terrorist activities and smuggling is anticipated to drive the technology demands
Requirement to prevent illegal goods trafficking, airplane hijacking and planting explosives in aircraft is the major factor that will drive the demands for these systems. Moreover, according to International Air Transport Association (IATA), the global demand for air travel is projected to register growths at over 3.7% CAGR, accounting for 7.2 billion passengers to travel in 2035. Increasing demands for air travel will in turn lead to increased demands for reducing queue times and efficient security platforms for good consumer experiences. Increasing requirement of automated screening processes to meet these increasing demands will provide considerable growth prospects for airport automated security screening market.
Airport Automated Security Market Taxonomy
On the basis of end use, the global airport automated screening market is classified into:
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