India and South-East Asia Airport X-Ray Security Screening Market
No. of Pages: 109 | Report Code: TIPRE00026000 | Category: Electronics and Semiconductor
No. of Pages: 109 | Report Code: TIPRE00026000 | Category: Electronics and Semiconductor
Security screening machines at airports operate by scanning X-ray (ionizing radiation) or high RF (radiofrequency) radiation (non?ionizing radiation) over the passenger's body. These X-ray full-body scanners provide alternatives to the traditional method of body searching and extend the detection capabilities of existing technologies. X-ray screening machines are designed to detect weapons, explosives, and other prohibited items hidden underneath clothing. These technologies can also detect explosives that passengers carry onto civil aircraft in a liquid, aerosol, or gel form.
Strategic insights for the India and South-East Asia Airport X-Ray Security Screening 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$ 860.7 Million |
| Market Size by 2028 | US$ 1,221.9 Million |
| Global CAGR (2021 - 2028) | 5.1% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | India and South-East Asia
|
| Market leaders and key company profiles |
The geographic scope of the India and South-East Asia Airport X-Ray Security Screening 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 India & Southeast Asia airport x-ray security screening market is expected to grow from US$ 860.7 million in 2021 to US$ 1,221.9 million by 2028; it is estimated to grow at a CAGR of 5.1% from 2021 to 2028.
Increasing terrorist activities and rising threats to major economies have forced the governments and other governing bodies to undertake air traffic controls, such as the Airports Authority of India (AAI), to increase security scanning systems. The deployment of full-body scanners at airports has helped reduce fraudulent activities, including the smuggling of diamonds, narcotics, and weapons. The rising security screening systems, which include full-body scanners as the major components, can successfully deteriorate the impact of terrorist activities. Also, with the rising level of violence and terrorism in India and South-East Asia, full-body scanners are increasingly installed at airports. For instance, according to the Bureau of Civil Aviation Security of India, door-frame metal detectors and handheld scanners at the Kolkata airport security check will be replaced by full-body scanners to detect non-metallic weapons and explosives. Therefore, the initiatives taken by the aviation department to curb terror activities will create lucrative opportunities for the India & Southeast Asia airport x-ray security screening market growth.
The COVID-19 pandemic has severely impacted India due to wide disease spread. India is one of the most populated countries globally, which led to the massive spread of the novel coronavirus. The COVID-19 outbreak has led to strict lockdowns across the country since March 2020. The imposition of lockdown adversely impacted the commercial aviation sector, airport equipment manufacturing, and travel industry. Major domestic aviation providers suffered considerable losses in the financial year 2020. This restrained the demand for commercial aircraft across India. Further, travel ban, due to the pandemic, hampered the operation of flights (except cargo aircraft). The airport closure for regular passengers has led the airports to experience deflation in revenue. The adoption rate of technological equipment among Indian airports is decent, and owing to the closure of airports, the demand has shrunken to an extreme level. This showcased a negative effect of the pandemic on the airport x-ray security screening market in the country in 2020. However, in 2021, with the uplifting of lockdown, the domestic flights are operating, which is slowly propelling the need for x-ray security screening at the airport for screening the passengers.
Based on component, the India & Southeast Asia airport x-ray security screening market is bifurcated into solution and services. In 2020, the solution segment led the market, accounting for a larger share in the market. By type, the market is bifurcated into baggage screening and people screening. In 2020, the baggage screening segment accounted for a larger market share.
A few top companies operating in the India & Southeast Asia airport x-ray security screening market are ADANI; Nuctech Company Limited; OSI Systems, Inc.; Leidos; Astrophysics Inc.; VOTI Detection Inc.; Smiths Group plc; and Pexray Oy. Various other companies operating in the market are coming up with new technologies and offerings, which is helping the market to expand in terms of revenue.
The India and South-East Asia Airport X-Ray Security Screening Market is valued at US$ 860.7 Million in 2021, it is projected to reach US$ 1,221.9 Million by 2028.
As per our report India and South-East Asia Airport X-Ray Security Screening Market, the market size is valued at US$ 860.7 Million in 2021, projecting it to reach US$ 1,221.9 Million by 2028. This translates to a CAGR of approximately 5.1% during the forecast period.
The India and South-East Asia Airport X-Ray Security Screening 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 India and South-East Asia Airport X-Ray Security Screening Market report:
The India and South-East Asia Airport X-Ray Security Screening Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The India and South-East Asia Airport X-Ray Security Screening Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the India and South-East Asia Airport X-Ray Security Screening Market value chain can benefit from the information contained in a comprehensive market report.
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