The solutions segment by component is estimated to lead the market growth during the forecast period.
According to The Insight Partners market research study of “Asia Pacific Airport X-Ray Security Screening System Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Component, Type, and Country.” The Asia Pacific airport x-ray security screening system is expected to grow from US$ 860.67 million in 2021 to US$ 1221.90 million by 2028; it is estimated to register a CAGR of 5.1% from 2021 to 2028. The report highlights trends prevailing in the Asia Pacific airport x-ray security screening system market and the factors driving market along with those that act as hindrances.
Increasing terrorist activities and rising threats to major economies have forced the governments and other governing bodies to pay attention to air traffic controls. For instance, the Airports Authority of India (AAI) is set to increase security scanning systems at various airports in the country. The deployment of full-body scanners at airports helps reduce fraudulent activities, including the smuggling of diamonds, narcotics, and weapons. The deployment of security screening systems, which include full-body scanners as the major components, can successfully deteriorate the impact of terrorist activities. In May 2021, Rohde & Schwarz supplied quick personnel security (QPS) scanners to Heathrow Airport for reducing passenger wait times and enhancing security checkpoints. The products are expected to ensure that all passengers, staff, and contractors accessing airside locations are scanned on entry. The scanners address the three key airport requirements: high accuracy of threat detection, low frequency of false alarms, and fast throughput to reduce passenger wait times even at busy periods. Similarly, in October 2021, Incheon International Airport Corporation (IIAC) awarded Smiths Detection a contract to deliver and install HI-SCAN 10080 XCT, high-speed explosives detection system (EDS), for hold baggage screening at the Incheon International Airport (ICN) Terminal 2, as part of its Phase 4 Expansion Construction Project. Likewise, in August 2021, OSI Systems, Inc. received an order valued at ~US$ 13 million to supply multiple units of RTT 110 explosive detection systems to an international airport in APAC to screen passengers’ hold baggage. Further, the maintenance and training service providers are also expected to witness significant demand for their services, as smooth solution installation requires enhanced operational and maintenance training.
The COVID-19 pandemic has resulted in delays in airport expansion projects in India. Construction work in Patna, Mumbai, and Delhi was deferred due to the rising cases of COVID-19 in the country. In addition, the Penang International Airport (Malaysia) and Singapore Changi Airport (Singapore) expansion projects were discontinued during this period. However, the uninterrupted pace of urbanization in developing countries of Asia Pacific is anticipated to offer ample growth opportunities to the Asia Pacific airport x-ray security screening system market players.
Based on component, the Asia Pacific airport x-ray security screening system market is segmented into solutions and services. Based on type, the Asia Pacific airport x-ray security screening system is segmented into baggage screening and people screening. Geographically, the Asia Pacific airport x-ray security screening system market is sub-segmented into Australia, China, India, Japan, South Korea and Rest of APAC.
ADANI GROUP, Nuctech Company Limited, OSI Systems, Inc, Leidos, Astrophysics Inc., VOTI Detection Inc., Smiths Detection Group Ltd. and Pexray Oy are among the leading companies operating in the Asia Pacific airport x-ray security screening system market.
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