Global Airport Automated Security Screening Market
Dublin, July 04, 2024 (GLOBE NEWSWIRE) — The “Automated Security Screening at Airports – Global Strategic Business Report” report ResearchAndMarkets.com Recruitment.
The global airport automated security screening market is valued at an estimated USD 2.8 billion in 2023 and is projected to reach USD 3.5 billion by 2030, growing at a CAGR of 3.3% from 2023 to 2030. This comprehensive report provides a detailed analysis of market trends, drivers, and forecasts to help in making informed business decisions.
The growth of the airport automated security screening market is driven by several factors. One of the major drivers is the increasing number of passengers globally. Catering to a higher volume of passengers without compromising safety requires more efficient and scalable security solutions. Advancements in technologies such as artificial intelligence and machine learning have enhanced the capabilities of automated screening systems, making threat detection more accurate and reliable. Moreover, the rise in global terrorism and the constant evolution of security threats are forcing airports to adopt cutting-edge screening technologies.
Regulatory requirements and government mandates for enhanced security protocols are also driving airports to invest in automated systems. Additionally, the focus on improving passenger experience and operational efficiency is encouraging airports to adopt advanced screening technologies that minimize delays and increase throughput. These factors combined are contributing to the robust growth of the airport automated security screening market, enabling airports to effectively meet current and future security challenges.
Key attributes:
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Report Attributes |
detail |
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number of pages |
173 |
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Forecast Period |
2023 – 2030 |
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Estimated market value in 2023 (USD) |
$2.8 billion |
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Market value forecast to 2030 (USD) |
$3.5 billion |
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Compound Annual Growth Rate |
3.3% |
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Target area |
global |
Key insights:
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Market Growth: Understand the significant growth trajectory of the passenger screening application segment, which is anticipated to reach USD 2.4 billion by 2030, at a CAGR of 3.5%. The baggage screening application segment is also anticipated to grow at a CAGR of 2.9% during the analysis period.
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Regional Analysis: Gain insights into the US market, estimated to reach $757.7 million in 2023, and the Chinese market, projected to grow at a staggering CAGR of 6.4% to reach $721.3 million by 2030. Discover growth trends in other key regions including Japan, Canada, Germany, and Asia Pacific.
Reasons to buy this report:
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Detailed Market Analysis: Access an in-depth analysis of the global Airport Automated Security Screening market, covering all major geographic regions and market segments.
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Competitive Insights: Get an overview of the competitive landscape including the market presence of key players across various regions.
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Future Trends and Drivers: Understand the key trends and drivers shaping the future of the global Airport Automated Security Screening market.
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Actionable Insights: Leverage actionable insights that help you identify new revenue opportunities and make strategic business decisions.
Answers to your main questions:
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How is the global Airport Automated Security Screening market expected to develop by 2030?
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What are the key drivers and restraints impacting the market?
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Which market segment will witness the highest growth during the forecast period?
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How will the market shares of different regions and segments change by 2030?
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Who are the key players in the market and what are their prospects?
Report highlights:
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Comprehensive market data: Independent analysis of annual revenue and market forecasts (in USD millions) from 2023 to 2030.
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Detailed regional analysis: In-depth analysis of key markets including the United States, China, Japan, Canada, Europe, Asia Pacific, Latin America, Middle East and Africa.
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Company Profiles: Features key companies such as Analogic Corporation, Astrophysics, Inc., and Autoclear LLC.
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Free Updates: Receive free report updates for one year to stay up to date with the latest market trends.
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For more information on this report, please visit: https://www.researchandmarkets.com/r/yo3r69
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