South America Airport X-Ray Security Screening System Market
South America Airport X-Ray Security Screening System Market is growing at a CAGR of 2.7% to reach US$ 118.04 million by 2028 from US$ 97.81 million in 2021 by Component and Type

Published On: Jan 2022

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South America Airport X-Ray Security Screening System Market

The solutions segment by component is estimated to lead the market growth during the forecast period.

According to a new market research study of “South America Airport X-Ray Security Screening System Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Component, Type, and Country.” The South America airport x-ray security screening system market is expected to grow from US$ 97.81 million in 2021 to US$ 118.04 million by 2028; it is estimated to register a CAGR of 2.7% from 2021 to 2028. The report highlights trends prevailing in the South America airport x-ray security screening system market and the factors driving market along with those that act as hindrances.

Governments across the world are striving to bring advancements in the aviation sector 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 surge in security breaches at airports is generating a substantial demand for high-tech security solutions such as baggage scanners and passenger scanners. This is catalyzing the airport x-ray security screening market. In addition, numerous governments are heavily emphasizing the construction of newer airports to cater to the growing volume of air travel passengers. The inclination toward the deployment of advanced security systems across newly constructed airports is expected to generate substantial demands for the airport x-ray security screening systems. Moreover, the deployment of smart technologies will also help the airport authorities to accommodate a higher volume of passengers and ease their movement through seamless baggage scanning and hassle-free individual scanning. Many airports in North America are currently deploying and integrating advanced technologies in processes such as baggage management, cargo handling, loading, and ramp management to enable passengers, airport staff, airline crews, and other individuals to operate smoothly.

Upon the onset of the COVID-19 pandemic, lockdowns were implemented in different South American countries, resulting in travel bans, which hampered the operations of flights (except cargo aircraft). The nonfunctioning or limited functioning of airports led to deflation in their revenues. Thus, the airport x-ray security screening system market experienced a slump in growth in 2020. However, with the relaxation in lockdown rules, domestic flights have begun operating, slowly adding to the deployment of x-ray security screening systems at the airports. Governments of South American countries are taking several initiatives to protect people and contain COVID-19’s spread in the region. Amid the pandemic, different airport authorities have placed orders for effective airport x-ray security screening systems for passenger screening, which is contributing to the growth of the x-ray security screening system market in South America.

Based on component, the South America airport x-ray security screening system market is segmented into solutions and services. Based on type, the South America airport x-ray security screening system market is segmented into baggage screening and people screening. Geographically, the South America airport x-ray security screening system market is sub-segmented into Brazil and Rest of SAM.

Nuctech Company Limited, OSI Systems, Inc, Leidos, Astrophysics Inc., VOTI Detection Inc., Smiths Detection Group Ltd. and Pexray Oy are among the leading companies operating in the South America airport x-ray security screening system market.

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