Growing Safety Concerns Drive Airport Full Body Scanner Market, States M&M Report Available at MarketPublishers.com05 May 2016 • by Natalie Aster
LONDON – A value of the world’s market for full body scanners is expected to amount to USD 79 million in 2016. With safety concerns continuing to rise, passenger waiting time being reduced and smuggling of narcotics being a serious problem, this marketplace is set continue growing in the upcoming years. Its CAGR is forecast to be more than 8 percent through 2021.
However, there are some factors restraining this growth, such as privacy issuers and health concerns.
Data protection and improvement of effectiveness of currently available scanners are some of major challenges of the marketplace.
Millimeter radio-wave scanners are expected to become the swiftest growing segment in the near term given their growing popularity.
North America will be the fastest growing market in the upcoming years following recent mandate released by TSA. A large number of international airports located in the region will also drive this growth.
Millivision, Smiths Group, Braun & Company and Rapiscan Systems are some of the largest players in the global space.
In-demand research report “Airport Full Body Scanner Market by Technology, Airport Class and Region - Global Forecast to 2021” prepared by M&M offers comprehensive examination of the world’s market for full body scanners. The study provides a bird’s eye view of this marketplace: it shares with a reader details of its segmentation, factors that drive and restrain the market and covers its opportunities and challenges.
The report explores industry trends: it focuses on supply and value chains, looks at technology trends and comprises Porter’s five forces analysis. The research study analyses the market on the basis of technology and airport class. It limelights regional marketplaces and concentrates on key countries. Competition in the marketplace and key companies are highlighted in the research report. Global forecasts through 2021 can be found in the research study, too.
More insightful studies by this publisher are available at M&M page.