LONDON, Nov. 2, 2016 /PRNewswire/ -- Terrorism remains the single most influential driver sustaining the global passenger screening market. Efforts to increase both security and efficiency at airports have given birth to additional screening technologies and mechanisms such as automated passport control (APC) kiosks, automated border control (ABC) (also known as eGates), and a mobile passport app developed through the US Customs and Border Protection (CBP) agency.
This research reviews the global passenger screening market by identifying major participants (Smiths Detection, Morpho Detection, L-3 Communications, Rapiscan) key market drivers and restraints, and regional market forecasts from 2016 to 2021 using a base year of 2015. The top 5 passenger screening market participants contributed over 80% of total market revenue in 2015.
The regions reviewed for this effort include Asia-Pacific (APAC), Europe, Latin America (LATAM), Middle East and Africa (MEA), and North America. North America remains the largest consumer of passenger screening technologies, accounting for over 35% of market spending in 2015.
Market size and forecast estimates for each region are established through a compilation of airport numbers, passenger traffic, regional economic trends, and future development plans. Percent spending for total passenger screening is divided by 3 segments: passport control, checkpoint equipment, and maintenance.
Key questions this study answers:
• Who are the competitors in the passenger screening market and how are they contributing to market growth?
• Will these companies/products/services continue to exist, or will other companies acquire them?
• What outside influences could change the structure of the market in the short or long term?
• Are the products/services offered today meeting customer needs or is additional development needed?
Looking ahead, growth opportunities largely revolve around biometric technologies including new capabilities such as smartphone apps and unique identification innovations. This study concludes with 3 big predictions for the global passenger screening market.
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