Europe Airport X-Ray Security Screening System Market
No. of Pages: 106 | Report Code: TIPRE00026679 | Category: Aerospace and Defense
No. of Pages: 106 | Report Code: TIPRE00026679 | Category: Aerospace and Defense
The air passenger count increased exponentially until the onset of the COVID-19 pandemic, which decimated the entire demand for air travel in 2020. Stakeholders in the aviation industry, such as aircraft manufacturers, airlines, and airports, experienced tremendous demand for their services. According to the International Civil Aviation Organization (ICAO), 4.5 billion passengers traveled by air in 2019, up by 3.6% compared to the number reported in 2018. The rise in air passengers has been one of the key factors that encouraged airport management teams to deploy advanced baggage screening and passenger screening solutions, as airports and aircraft have been key targets for various terrorist activities in the past. In 2019, Smiths Detection announced that the company has been trailing hold-baggage security at Terminal 1 of Sydney Airport. HI-SCAN 10080 XCT, offered by Smiths Detection, is a computed tomography (CT) based high-speed hold baggage automatic explosives detection system (EDS) technology.
During the COVID-19 outbreak, the aviation industry witnessed significant interruptions. However, as the aviation industry re-surfaced and began its operations in late 2020, the demand for air travel has begun rising. According to the International Air Transport Administration (IATA), the global air passenger traffic is expected to recover by 88% in 2022 and is anticipated to surpass 2019 levels by 2023. Thus, with the growing volumes of passengers and implementation of safety measures to deter the spread of the COVID-19 again, governments and airport management are increasingly emphasizing the procurement of no contact passenger screening systems. This is currently generating substantial demand for people screening solutions.
The COVID-19 outbreak has severely affected Spain, Italy, Germany, the UK, and France, among other countries in Europe. The region experienced decrease in air traffic during the pandemic, which led to a decline in aeronautical and non-aeronautical (but related) revenues. This factor further compels the airport authorities to invest in expansion projects. According to X-Ray Center, a leading X-ray security equipment and technology company, the Turkish government approved XRC's new CleanBlue UV-C Baggage cleaning system that inactivates 99.9% of the SARS-CoV-2 in just five seconds; it is the first laboratory-validated system of its kind globally. The inclination of companies toward developing advanced x-ray screening security to restrict the spread of COVID-19 through objects is catalyzing the scope expansion of the X-ray security screening system market.
Strategic insights for the Europe Airport X-Ray Security Screening System provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 739.92 Million |
| Market Size by 2028 | US$ 1,016.40 Million |
| Global CAGR (2021 - 2028) | 5.6% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe Airport X-Ray Security Screening System refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The Europe Airport X-Ray Security Screening System Market is valued at US$ 739.92 Million in 2021, it is projected to reach US$ 1,016.40 Million by 2028.
As per our report Europe Airport X-Ray Security Screening System Market, the market size is valued at US$ 739.92 Million in 2021, projecting it to reach US$ 1,016.40 Million by 2028. This translates to a CAGR of approximately 5.6% during the forecast period.
The Europe Airport X-Ray Security Screening System Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Airport X-Ray Security Screening System Market report:
The Europe Airport X-Ray Security Screening System Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Airport X-Ray Security Screening System Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Airport X-Ray Security Screening System Market value chain can benefit from the information contained in a comprehensive market report.
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