Global Baggage Scanner Market
Information Technology

What Are The 5 Top Insights From The Baggage Scanner Market Forecast 2024

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

 

As per The Business Research Company’s Baggage Scanner Global Market Report 2024, the baggage scanner market is expected to show significant growth in the forecast period.

 

The baggage scanner market has shown substantial growth, increasing from $1.96 billion in 2023 to an estimated $2.07 billion in 2024, with a compound annual growth rate (CAGR) of 5.5%. This blog explores the key factors driving this growth, significant trends in the industry, and the future outlook for the market.

Market Growth Forecast

  • Steady Expansion: The market is projected to grow to $2.57 billion by 2028, at a CAGR of 5.6%.
  • Key Growth Drivers:
    • Automated Screening Systems: Increasing demand for more efficient and automated screening processes.
    • Airport Expansion: The global expansion of airport facilities to accommodate rising passenger traffic.
    • Enhanced Security Protocols: Stricter security measures are fueling the demand for advanced baggage scanners.
    • Cargo and Freight Surge: The rise in cargo transportation necessitates enhanced scanning technologies.
    • Passenger Traffic: A continuous increase in global air passenger traffic is driving the market.

 

View More On The Baggage Scanner Market Report 2024 –
https://www.thebusinessresearchcompany.com/report/baggage-scanner-global-market-report

 

Market Drivers: Terrorism and Security Concerns

  • Rising Terrorism Rates: The increasing frequency of terrorist attacks is a significant driver for the baggage scanner market.
    • Global Threat Landscape: Factors such as political instability, ideological extremism, and technological advancements contribute to rising terrorism.
    • Security Measures: Baggage scanners play a crucial role in detecting threats and enhancing safety at airports and other secure facilities.
    • Global Terrorism Index: According to the 2023 Global Terrorism Index, terrorist attacks have become more lethal, with an average of 1.7 fatalities per incident, up from 1.3 in 2021.

Major Players in the Market

  • Leading Companies: Key players include Siemens AG, L3Harris Technologies, Daifuku Co. Ltd., and Smiths Detection.
  • Technological Leadership: These companies are leading in the development of advanced baggage scanning technologies, particularly in North America, the largest market region in 2023.

 

Emerging Trends: AI and 3D Imaging

  • AI-Driven Screening: The integration of AI into baggage scanners is a significant trend, enhancing threat detection and operational efficiency.
    • Hikvision’s Innovation: In February 2023, Hikvision introduced an AI-based X-ray baggage scanner in India, featuring real-time video monitoring and intelligent threat detection.
    • 3D Imaging Technology: The development of 3D imaging in baggage scanners is improving the accuracy and reliability of threat detection.
    • Non-Invasive Inspection: Advances in non-invasive techniques are making security checks faster and less intrusive.

 

Strategic Mergers and Acquisitions

  • SITA and Materna IPS: In May 2024, SITA acquired Materna IPS, aiming to enhance its passenger handling capabilities and drive digital transformation in airports.
    • Digital Transformation: This acquisition underscores the trend towards automation and digitalization in airport security and baggage handling.
    • Global Reach: SITA’s acquisition expands its influence in the global air transport technology sector, particularly in passenger processing.

Market Segmentation

  • Product Types: The market is segmented by X-ray scanners, vacuum systems, and Radio Frequency Identification (RFID).
  • Solutions: Includes check-in, screening and loading, conveying and sorting, unloading, and reclaiming.
  • Check-In Services: Divided into assisted service and self-service options.
  • End Users: The primary end users include railway stations, border checkpoints, airports, educational institutes, public sectors, and commercial facilities.

 

Regional Insights

  • North America: As of 2023, North America is the largest region in the baggage scanner market, driven by high levels of security and technological adoption.

 

Conclusion

The baggage scanner market is poised for continued growth, driven by the increasing need for advanced security measures, rising global terrorism threats, and ongoing technological innovations. As key players continue to invest in AI and 3D imaging technologies, the market is expected to evolve, offering more efficient and effective solutions for security in airports and other high-risk areas.

 

Request A Sample Of The Global Baggage Scanner Market Report 2024:
https://www.thebusinessresearchcompany.com/sample_request?id=17089&type=smp

 

The Baggage Scanner Global Market Report 2024 provides an in-depth analysis on the baggage scanner market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the baggage scanner market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

 

View More Related Reports –
Scanner Global Market Report 2024 

Computed Tomography (CT) Scanners Devices And Equipment Global Market Report 2024

Narcotics Scanner Global Market Report 2024 

 

Learn More About The Business Research Company
The Business Research Company has published over 15000+ reports in 27 industries, spanning 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

 

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas
+1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info

 

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on:

Leave a Reply

Your email address will not be published. Required fields are marked *