AIRPORT AUTOMATED SECURITY SCREENING MARKET ANALYSIS

Regional Analysis

Asia Pacific accounted for the largest industry share in 2016, and is expected to continue its dominance over the forecast period. Growth can be largely attributed to the increasing infrastructure investments in the region that includes development of new as well as upgrade of the existing airport infrastructure. Some of these include Pudong International Airport Expansion (China), Selatar (Singapore), and Taiwan Taoyuan International (Taiwan).

Developed economies in U.S. and Europe are expected to witnessed stable growth prospects, however will find substantial demands in upgradation and maintenance of the old systems over the forecast period. Moreover, high initial capital requirement for the infrastructure is still expected to hinder the financially weak economies.