Baggage Scanner Market Overview 2024-2033 – Competitive Landscape and Strategies

Sep 5, 2024 - 12:33

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Baggage Scanner Market Overview 2024-2033 – Competitive Landscape and Strategies

The Baggage Scanner Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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https://www.thebusinessresearchcompany.com/report/baggage-scanner-global-market-report

According to The Business Research Company’s Baggage Scanner Global Market Report 2024, The baggage scanner market size is expected to see strong growth in the next few years. It will grow to $2.57 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to growing demand for automated screening systems, expansion of airport facilities, a rise in global air passenger traffic, enhanced security protocols, and a surge in cargo and freight transportation. Major trends in the forecast period include the development of 3D imaging technology, increased use of AI-driven screening, adoption of automated baggage handling systems, a rise in non-invasive inspection techniques, and the integration of advanced threat detection algorithms.

The growing number of terrorist attacks or terrorism is expected to propel the growth of the baggage scanner market going forward. Terrorism is defined as the use of violence, intimidation, or coercion for political, religious, or ideological purposes. Terrorism rates are on the rise owing to several factors, such as political instability, economic disparities, ideological extremism, foreign interventions, media influence, ethnic tensions, technological advancements, and weapons proliferation. Baggage scanners are used to fight against terrorism by providing advanced technology for threat detection, enhancing security measures at various checkpoints, and contributing to overall public safety efforts worldwide. For instance, in March 2023, according to the Global Terrorism Index 2023, published by the Institute for Economics & Peace, an Australia-based research and education think tank, terrorist attacks became more lethal, averaging 1.7 fatalities per incident, up from 1.3 deaths per attack in 2021. Therefore, the growing number of terrorist attacks or terrorism is driving the baggage scanner market.

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The baggage scanner market covered in this report is segmented –

1) By Product Type: X-Ray Scanners, Vacuum System, Radio Frequency Identification (RFID)
2) By Solution: Check-In, Screening And Loading, Conveying And Sorting, Unloading And Reclaim
3) By Check-In Services: Assisted Service, Self Service
4) By End User: Railway Stations, Border Checkpoints, Airports, Educational Institutes, Public Sectors, Commercial Facilities, Other End User

Major companies operating in the baggage scanner market are developing AI-based intelligent security inspection systems to enhance security and efficiency at airports and other secure facilities. AI-based intelligent security inspection systems utilize artificial intelligence to instantly identify threats, process images, and improve security measures. For instance, in February 2023, Hikvision, an India-based security and inspection systems company, launched a next-generation X-ray baggage scanner. It is an AI-based intelligent security inspection system among India's first to integrate AI for threat recognition, real-time video monitoring, and variable speed functions. The key features include intelligent threat object detection, real-time video surveillance, and adaptive speed capabilities.

The baggage scanner market report table of contents includes:

1. Executive Summary
2. Baggage Scanner Market Characteristics
3. Baggage Scanner Market Trends And Strategies
4. Baggage Scanner Market - Macro Economic Scenario
5. Global Baggage Scanner Market Size and Growth
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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