India and South-East Asia Airport X-Ray Security Screening Market to Grow at a CAGR of 5.0% to reach US$ 410.3 Million from 2021 to 2028

India and South-East Asia Airport X-Ray Security Screening Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Solutions and Services) and Type (Baggage Screening and People Screening)

  • Report Code : TIPRE00026000
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 109
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The India & South-East Asia airport x-ray security screening market is expected to grow from US$ 291.8 million in 2021 to US$ 410.3 million by 2028; it is estimated to grow at a CAGR of 5.0% from 2021 to 2028.

The international tourism industry is growing at an exponential rate. According to Indian government, the total number of foreign tourist arrivals in India in 2020 was 2.74 million. According to the Malaysia Tourism Promotion Board (MTPB), the total number of foreign tourist arrivals in Malaysia in 2020 was 4.3 million. Further, according to the World Bank Group, in 2019, the number of arrivals in Singapore was 19.1 million.

With the rising number of international tourists, airports across India & South-East Asia are deploying an additional level of security to handle air passenger traffic. For instance, in October 2021, ADANI introduced the first product of its new product line, the IF 6045 baggage X-ray security system. This new product features the company’s advanced software developments along with the state-of-the-art technology. Additionally, in July 2021, a UV disinfection system is embedded in ADANI’s latest full-body X-ray scanner (CLEARPASS). Ultraviolet (UV) Germicidal Irradiation light can be utilized for deactivating the DNA of bacteria and RNA of viruses. Further, with the growing passenger numbers, Malaysia airports are replacing manual body searches with X-ray machines and scanners. In 2020, Kuala Lumpur International Airport (KLIA) and low-cost carrier terminal KLIA2 implemented new X-ray machines and scanners. Moreover, in September 2019, there was an installation of 23 X-ray machines at Thailand's main international airport, Suvarnabhumi International Airport. Therefore, an increase in number of passenger traffic in India & South-East Asia is expected to boost the demand for airport x-ray security screening systems in the coming years.

Impact of COVID-19 Pandemic on Airport X-Ray Security Screening Market

Air business is one of the essential businesses in South-East Asian countries, and the COVID-19 outbreak across the region has paralyzed the entire industry. The revenue generated from airports contributes a significant share in the GDP of every South-East Asian country. However, the airports in the region are witnessing a continuous fall in revenues, as operations were suspended for regular passenger flights in 2020 and airport infrastructure development was paused in several countries. Due to the temporary termination of airport operations (except freight aircraft), the revenue generation for end users (airport owners) has fallen drastically, which would take a longer time to normalize. This showcased a negative effect on the airport x-ray security screening market in the country in 2020. However, in 2021, with the uplifting of lockdown, the domestic flights are operating, which is slowly propelling the need for x-ray security screening at the airports for the screening off passengers.

Airport X-Ray Security Screening Market Revenue and Forecast to 2028 (US$ Million)

Airport X-Ray Security Screening Market Revenue and Forecast to 2028 (US$ Million)
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India & South-East Asia Airport X-Ray Security Screening Market Segmentation

India & South-East Asia Airport X-Ray Security Screening Market – by Component

  • Solutions
  • Services

India & South-East Asia Airport X-Ray Security Screening Market – by Type

  • Baggage Screening
  • People Screening

India & South-East Asia Airport X-Ray Security Screening Market - Companies Mentioned

  • ADANI        
  • Nuctech Company Limited                   
  • OSI Systems, Inc.    
  • Leidos       
  • Astrophysics Inc.     
  • VOTI Detection Inc.                 
  • Smiths Group plc   
  • Pexray Oy

Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Airport X-Ray Security Screening System Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 India – PEST Analysis

4.2.2 Southeast Asia – PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinions

5. Airport X-Ray Security Screening System Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Growing Number of Airports

5.1.2 Increasing Number of Tourists

5.2 Market Restraints

5.2.1 Inadequate Information, Privacy Concerns, and Health Concerns

5.3 Market Opportunities

5.3.1 Growing Safety Concern due to Increasing Incidences of Terrorism

5.4 Future Trends

5.4.1 Body Scanners Equipped with Advanced Technologies

5.5 Impact Analysis of Drivers and Restraints

6. Airport X-Ray Security Screening System Market – India & South-East Asia Analysis

6.1 Airport X-Ray Security Screening System Market- India & South-East Asia Overview

6.2 India & Southeast Asia: Airport X-Ray Security Screening System Market – Revenue and Forecast to 2028 (US$ Million)

6.3 India & Southeast Asia: Airport X-Ray Security Screening System Market: Market Positioning – Five Key Players

7. Airport X-Ray Security Screening System Market Analysis –By Component

7.1 Overview

7.2 Airport X-Ray Security Screening System Market Breakdown, By Component, 2020 & 2028

7.3 Solution

7.3.1 Overview

7.3.2 Solution Market Forecast and Analysis

7.4 Services

7.4.1 Overview

7.4.2 Services Market Forecast and Analysis

8. Airport X-Ray Security Screening System Market Analysis – By Type

8.1 Overview

8.2 Airport X-Ray Security Screening System Market Breakdown, By Type, 2020 & 2028

8.3 Baggage Screening

8.3.1 Overview

8.3.2 Baggage Screening Market Forecast and Analysis

8.4 People Screening

8.4.1 Overview

8.4.2 People Screening Market Forecast and Analysis

9. Airport X-Ray Security Screening System Market – Country Analysis

9.1 Overview

9.1.1 India & Southeast Asia: Airport X-Ray Security Screening System Market- by Key Country

9.1.1.1 India: Airport X-Ray Security Screening System Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.1.1 India: Airport X-Ray Security Screening System Market, by Component

9.1.1.1.2 India: Airport X-Ray Security Screening System Market, by Product

9.1.1.2 Indonesia: Airport X-Ray Security Screening System Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.2.1 Indonesia: Airport X-Ray Security Screening System Market, by Component

9.1.1.2.2 Indonesia: Airport X-Ray Security Screening System Market, by Product

9.1.1.3 Singapore: Airport X-Ray Security Screening System Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.3.1 Singapore: Airport X-Ray Security Screening System Market, by Component

9.1.1.3.2 Singapore: Airport X-Ray Security Screening System Market, by Product

9.1.1.4 Malaysia: Airport X-Ray Security Screening System Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.4.1 Malaysia: Airport X-Ray Security Screening System Market, by Component

9.1.1.4.2 Malaysia: Airport X-Ray Security Screening System Market, by Product

9.1.1.5 Thailand: Airport X-Ray Security Screening System Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.5.1 Thailand: Airport X-Ray Security Screening System Market, by Component

9.1.1.5.2 Thailand: Airport X-Ray Security Screening System Market, by Product

9.1.1.6 Vietnam: Airport X-Ray Security Screening System Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.6.1 Vietnam: Airport X-Ray Security Screening System Market, by Component

9.1.1.6.2 Vietnam: Airport X-Ray Security Screening System Market, by Product

9.1.1.7 Rest of Southeast Asia: Airport X-Ray Security Screening System Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.7.1 Rest of Southeast Asia: Airport X-Ray Security Screening System Market, by Component

9.1.1.7.2 Rest of India & Southeast Asia: Airport X-Ray Security Screening System Market, by Product

10. Airport X-Ray Security Screening System Market- COVID-19 Impact Analysis

10.1 India: Impact Assessment of COVID-19 Pandemic

10.2 South-East Asia: Impact Assessment of COVID-19 Pandemic

11. Industry Landscape

11.1 Overview

11.1 New Development

12. Company Profiles

12.1 ADANI SYSTEMS, INC.

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Nuctech Company Limited

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 OSI Systems, Inc.

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Leidos

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Astrophysics Inc.

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 VOTI Detection Inc.

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 Smiths Detection Group Ltd.

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 Pexray Oy

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Word Index


LIST OF TABLES

Table 1. Airport X-Ray Security Screening System Market – Revenue, and Forecast to 2028 (US$ Million)

Table 2. India: Airport X-Ray Security Screening System Market, by Component –Revenue and Forecast to 2028 (US$ Million)

Table 3. India: Airport X-Ray Security Screening System Market, by Product –Revenue and Forecast to 2028 (US$ Million)

Table 4. Indonesia: Airport X-Ray Security Screening System Market, by Component –Revenue and Forecast to 2028 (US$ Million)

Table 5. Indonesia: Airport X-Ray Security Screening System Market, by Product –Revenue and Forecast to 2028 (US$ Million)

Table 6. Singapore: Airport X-Ray Security Screening System Market, by Component –Revenue and Forecast to 2028 (US$ Million)

Table 7. Singapore: Airport X-Ray Security Screening System Market, by Product –Revenue and Forecast to 2028 (US$ Million)

Table 8. Malaysia: Airport X-Ray Security Screening System Market, by Component –Revenue and Forecast to 2028 (US$ Million)

Table 9. Malaysia: Airport X-Ray Security Screening System Market, by Product –Revenue and Forecast to 2028 (US$ Million)

Table 10. Thailand: Airport X-Ray Security Screening System Market, by Component –Revenue and Forecast to 2028 (US$ Million)

Table 11. Thailand: Airport X-Ray Security Screening System Market, by Product –Revenue and Forecast to 2028 (US$ Million)

Table 12. Vietnam: Airport X-Ray Security Screening System Market, by Component –Revenue and Forecast to 2028 (US$ Million)

Table 13. Vietnam: Airport X-Ray Security Screening System Market, by Product –Revenue and Forecast to 2028 (US$ Million)

Table 14. Rest of Southeast Asia: Airport X-Ray Security Screening System Market, by Component –Revenue and Forecast to 2028 (US$ Million)

Table 15. Rest of India & Southeast Asia: Airport X-Ray Security Screening System Market, by Product –Revenue and Forecast to 2028 (US$ Million)

Table 16. List of Abbreviation

LIST OF FIGURES

Figure 1. India & Southeast Asia: Airport X-Ray Security Screening System Market Segmentation

Figure 2. Airport X-Ray Security Screening System Market Segmentation – By Country

Figure 3. Baggage Screening Held the Largest Market Share in 2020

Figure 4. Solution Held the Largest Market Share in 2020

Figure 5. India – PEST Analysis

Figure 6. Southeast Asia – PEST Analysis

Figure 7. Airport X-Ray Security Screening System Market– Ecosystem Analysis

Figure 8. Expert Opinion

Figure 9. Airport X-Ray Security Screening System Market: Impact Analysis of Drivers and Restraints

Figure 10. India & Southeast Asia: Airport X-Ray Security Screening System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 11. Airport X-Ray Security Screening System Market Breakdown, By Component, 2020 & 2028 (%)

Figure 12. Solution Market Revenue and Forecast to 2028 (US$ Mn)

Figure 13. Services Market Revenue and Forecast to 2028 (US$ Million)

Figure 14. Airport X-Ray Security Screening System Market Breakdown, By Type, 2020 & 2028 (%)

Figure 15. Baggage Screening Market Revenue and Forecast to 2028 (US$ Million)

Figure 16. People Screening Market Revenue and Forecast to 2028 (US$ Million)

Figure 17. India & Southeast Asia: Airport X-Ray Security Screening System Market Revenue Share, By Key Country (2020 and 2028)

Figure 18. India: Airport X-Ray Security Screening System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19. Indonesia: Airport X-Ray Security Screening System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20. Singapore: Airport X-Ray Security Screening System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21. Malaysia: Airport X-Ray Security Screening System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22. Thailand: Airport X-Ray Security Screening System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23. Vietnam: Airport X-Ray Security Screening System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24. Rest of Southeast Asia: Airport X-Ray Security Screening System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25. Impact of COVID-19 Pandemic in Indian Markets

Figure 26. Impact of COVID-19 Pandemic in South-East Asia Country Markets

The List of Companies - India & Southeast Asia Airport X-ray Security Screening System Market

  1. Adani Systems, Inc
  2. Nuctech Company Limited
  3. OSI Systems, Inc.
  4. Leidos
  5. Astrophysics Inc.
  6. VOTI Detection Inc.
  7. Smiths Group plc
  8. Pexray Oy

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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