The baggage scanner market is witnessing strong growth, projected to rise from $1.96 billion in 2023 to $2.07 billion in 2024, with a CAGR of 5.5%. This growth is driven by the increase in global air travel and heightened security concerns. By 2028, the market is expected to reach $2.57 billion, growing at a CAGR of 5.6%. Notable trends include advancements in AI-driven screening and the development of automated baggage handling systems.
Major Driver In The Baggage Scanner Market
The biometrics in the government market is set to expand significantly due to growing security concerns. As threats related to cybersecurity and identity fraud rise, the need for robust security measures becomes more pressing. Government applications of biometrics improve both security and service efficiency, mitigating risks associated with unauthorized access. The Federal Bureau of Investigation reported a 127% surge in complaints about investment fraud from $1.45 billion in 2021 to $3.31 billion in 2022. The biometrics market in government applications, valued at $2.5 billion in 2023, is anticipated to grow to $7.6 billion by 2028, driven by the increasing demand for advanced identity verification solutions.
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Baggage Scanner Market Competitive Landscape
Siemens AG, L3Harris Technologies, Daifuku Co. Ltd., Smiths Detection, Vanderlande Industries B.V., Hamamatsu Photonics, OSI Systems, Rapiscan Systems, Analogic Corporation, Astrophysics Inc., Kromek Group plc, Nuctech Company Limited, KritiKal Securescan, Cobalt Systems Ltd, Elder Engineering, Teledyne ICM, Todd Research Ltd, NAFFCO Aviation, Braun & Co. Limited., Artemis Shielding, XrayCurtains.com, Protective Technologies International, Vidisco
Key Baggage Scanner Market Trend
Companies operating in the baggage scanner market are enhancing security with AI-based intelligent security inspection systems. These systems utilize artificial intelligence to detect threats and streamline security processes. In February 2023, Hikvision, an India-based security company, launched a next-generation X-ray baggage scanner that integrates AI for real-time threat recognition and monitoring. This innovative product aims to improve security measures in airports and other secure facilities.
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Baggage Scanner Market Segmentation
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
By Geography:The regions covered in the baggage scanner market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the baggage scanner market in 2023.
The Baggage Scanner Global Market Report 2024 furnishes information about the global baggage scanner market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
