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Asia Pacific to become largest passenger screening technology market by 2032

A new report by independent research firm Technavio has shown that the worldwide market for airport passenger screening systems will increase at a compound annual growth rate of 4% until 2019.

The report states that although the EMEA leads the airport passenger screening systems market with around 34% of the market share, it is gradually shifting to emerging countries with increased demand from the Asia Pacific (APAC) region and the Middle East. APAC is likely to cover around 38% of the market by 2032 – surpassing North America and Europe. It is one of the fastest-growing regions in the global aviation industry and is expected to reach revenues of more than US$498m by 2019.

Sriram Mohan, lead analyst, aerospace and defense, Technavio Research, said, “Deploying adequate passenger screening capacities in airports is one of the major areas of investment both by government and private industry. Reduction in aircraft delays, timely departures and arrivals of passengers are the key areas that need immediate attention. For the moment, the International Air Transport Association (IATA) and Airports Council International (ACI) have jointly initiated ‘Smart Security’, aiming to familiarize advanced screening technologies, risk-based security concepts, and process innovations, resulting in enhanced security and increased operational efficiency.”

Technavio’s global report examines the performance of major vendors such as CEIA, L-3 Communications, Rapiscan, and Smiths Detection, in market shares for the EMEA, APAC, and Americas until 2019. The report also reports on market shares of major countries including the USA, China, UK, Japan and Germany.

To read more from the report by Technavio click here.

August 24, 2015


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