Friday 13 April 2018

Baggage Scanners Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2017–2024


Baggage scanners use x-ray technology to scan the baggage. Baggage scanners can inspect the luggage by using x-ray technology and show all the items on the computer screen. Further, baggage scanner consists of a conveyor belt and a display. The baggage scanner shows different colors on screen which indicates whether the object in the bag is dangerous or not. Additionally, in case of presence of any precarious object in the luggage the baggage scanners will start making sound. Such scanners are highly used at places including airport, railway stations and others. Furthermore, baggage scanners are highly utilized in those places where security is one of major concerns.
 Market Size & Forecast
Global baggage scanners market is expected to flourish at a robust compound annual growth rate (CAGR) during the forecast period i.e. 2017-2024. Factors such as rising terrorism activities all over the world, development of new airports, railways stations and up gradation of existing airports and railway stations are expected to escalate the growth of global baggage scanners market during the forecast period.
In terms of region, global baggage scanners market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these regions, North America region dominating the global market of baggage scanners owing to the strict rule & regulations for the sake of peoples safety at the airports, railway stations and other public places. Further, North America is expected to behold this positive growth during the forecast period. In addition to this, Europe region is the second leading market for baggage scanners and is expected to witness remarkable growth during the forecast period. Further, this growth of baggage scanners market in Europe region can be attributed to the factors such as rising air traffic on the airports and increasing number of passengers at the airports & railway stations.
Apart from this, market of baggage scanners in Asia Pacific region is growing at a tremendous pace and is projected to witness robust growth during the forecast period. Growth of baggage scanners market in Asia Pacific region can be credit to factors such as rising tourism activities, rising terrorism threats and rising export & import activity in this region. In addition to this, China, India and Japan are the major contributors to the growth of baggage scanners in this region owing to factors such as rising number of airport and railway stations coupled with up gradation of existing airports and railway stations in these countries.
Growth Drivers & Challenges
Global baggage scanners market is primarily driven by the strict government rules and regulations for the sake of public safety at airport, railway stations coupled with rising awareness towards security at public places. Moreover, baggage scanners are very useful in those situations where security and safety are major concerns such as airports, border checkpoints and other. Such applications of baggage scanners for security reasons at these places are expected to bolster the growth of global baggage scanners market in near future.
Apart from this, increasing terrorism activities across the globe have fueled the need for security equipment in public places. Further, this rising concern for safety of people is expected to drive the growth of global baggage scanners market during the forecast period. Moreover, factors such as rising number of passengers at airports and railway stations coupled with growing number of international travellers are envisioned to drive the growth of baggage scanners market at remarkable pace during the forecast period.
However, high installation cost is a major factor which is hampering the growth of global baggage scanners market. Moreover, poor passenger travel growth rate is also dampening the growth of baggage scanners market.
This report also provides the existing competitive scenario of some of the key players of the global baggage scanners market which includes company profiling of Astrophysics Inc., Ammeraal Beltech, DAIFUKU LOGAN, G&S Airport Conveyor, Beumer Group, Detectorall Co. Ltd., Kapri Corp., Shanghai Eastimage Equipment Co. Ltd., Pteris Global Ltd., and Automated Technology Group Ltd. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global baggage scanners market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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