Global Baggage Scanners Market Augmented by High Security Concerns at Airports

New York, USA, 2018-Dec-07 — /EPR Network/ —  According to Goldstein Research, Baggage Scanners Market is expected to reach USD 4.2billion by 2025, expanding at a CAGR of 5.1% over the forecast period, 2017-2025. Rising investments in R&D and threat of incidents like terrorism, hijacking, mass destruction, fire, are the factors driving the growth of global baggage scanner market.U.S. airports screen more than 2 million passengers daily, which need speedy and accurate scanners. Global baggage scanners market segmentation has been done on the basis of product size, end-users, and geography. Based on the product size, small size baggage scanners accounted for the largest market share of 36.8% in 2017.

There is an outsized number of small size baggage scanners predominantly used in various areas, where commuters are carrying on-the-go baggage such as in airports, rail stations, shopping malls, government buildings, community centers, and sports clubs among others.

Global baggage scanners market is dominated by North America accounted for the largest market share of 28.7% in 2017owing to the proactive security system in the US followed by Asia Pacific growing at a CAGR of 4.1% annually. The U.S.A. tops the list of countries expenditure on internal security, being the top consumer of baggage scanners.

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Market Segmentation

On the basis of our in-depth analysis, The Market can be segmented as follows:

By Product Size

• Backpack X-Ray Scanner
• Mail X-Ray Scanner
• Small Size Baggage Scanner
• Medium Size Baggage Scanner
• Large Size Baggage Scanner

By End-Users

• Aviation
• Border Checkpoints
• Ports
• Critical Infrastructure (Government Buildings, etc)

By Region

• North America
• Europe
• The Middle East And Africa
• Latin America
• Asia Pacific

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“Global Baggage Scanners Market Outlook 2024” contains detailed overview of the global baggage scanners market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by product size, end-users, and geography.

The industry analysis Report highlights the competitive outlook of major global players that includes the business strategies, product portfolio, revenue distribution, financial analysis, R&D activities, and investments. The in-depth analysis of baggage scanners market report will help the clients to assess their business strategies as per the competitive environment in the market space.

Major players of the global baggage scanners market discussed in the report are: Rapiscan Systems, Smiths Detection, Morpho Detection, LLC, Nuctech Company Limited, Gilardoni SPA, Daifuku Co., Ltd., Beumer Group, Aventura Technologies, Inc.,etc.

Further, Global Baggage Scanners Market Report encompasses the major trends & growth opportunities, market dynamics, and other growth factors. The market research report also comprises of key challenges for the market players, risk analysis, SWOT Analysis, BPS analysis, and Market Attractiveness. The report also includes the expert analysis which provides a complete overview of the market post analysis of the economic, political, environmental & social factors of each region and country.

Baggage Scanners Market is driving on the basis of advancement in mentioned below industries:

Smart Transportation Market

Smart Transportation Market is projected to reach a market size of USD 251.40 billion by 2024, growing at a CAGR of 16.75% from 2016 to 2024. Smart parking market is projected to grow at a CAGR of 10.9% during the forecast period, to reach a market value of USD 6.2 billion by the end of 2024. North America Smart Transportation Market is the dominating region for smart transportation market and accounted for 43% of market share in 2016. U.S. federal government is immensely investing in smart cities projects. Road transportation is a major necessity of Canada.

Baggage Conveyor Market

Baggage Conveyor System has important role in efficient operational activities at the airport. Baggage conveyor runs from baggage collection to loading and unloading from aircrafts till the baggage pickup point. Baggage Conveyor System Market size is set to reach USD 6.14 billion by 2025, growing at a CAGR of 8.7% over the forecast period.

Smart Airport Market

Smart Airport Market accounted at USD 7.38 billion in 2015 and is anticipated to expand at a compound annual growth rate of 12.3% over the forecast period i.e. 2016 to 2024. Where the Asia Pacific Smart Airport Market to expand at a CAGR of 7.3% during the forecast period 2016-2024. Further, the market is anticipated to reach USD 6.7 billion by the end of forecast period.