Colgate-Palmolive Reaffirms 2026 Sales Outlook Despite Weak North America Demand 
Palantir Stock Soars as AI Demand Drives Strong Q2 Earnings and Higher 2026 Outlook 
Vast Eyes Hong Kong IPO as Chinese AI Unicorn Gains Momentum 
Meta Cuts Wipro Outsourcing by 25% After AI-Led Restructuring 
T-Mobile Executives Reportedly Oppose $300 Billion Deutsche Telekom Merger 
Warner Bros. Discovery Shares Rise as Newsom Pushes Settlement in $110 Billion Merger Fight 
Trump Urges Exxon, Chevron to Cut Gas Prices After Record Oil Profits 
Shein Targets $30B-$40B Valuation in Hong Kong IPO Planned for August 
SK Hynix Bonus Dispute Deepens as Union Rejects Stock-Based Payout Proposal 
Apple Restores Telegram to App Store After Content Policy Violation 
Holcim Raises 2026 Outlook After Strong Q2 Earnings Beat 
Chery Invests $75 Million in KG Mobility to Expand Global Automotive Partnership 
SpaceX Earnings Preview: Bernstein Says 4 Key Factors Will Drive Long-Term Valuation 
AstraZeneca, Bristol Myers Squibb Explore Mega Merger Worth Nearly $400 Billion 
Novo Nordisk Eyes Turnaround as Oral Wegovy Challenges Eli Lilly in Weight-Loss Drug Race 
HSBC H1 Profit Jumps 23%, Announces $1 Billion Share Buyback and Reaffirms 2028 Targets 
BYD July Global Vehicle Sales Rise 22% as Overseas Demand Surges 
SAN JOSE, Calif., April 09, 2018 -- According to a new market research report published by Credence Research, “Baggage Scanners Market (By End-use (Transit (Railway Stations, Airports, and Sea Ports), Government & Border Checkpoints, and Commercial Facilities), By Geography (North America, Europe, Asia Pacific, and Rest of the World)) - Growth, Future Prospects, and Competitive Landscape, 2018 -2026”, the global baggage scanners market is expected to reach US$ 2.68 Bn by 2026, expanding at a CAGR of 6.8% during the forecast from 2018 to 2026.
Market Insights
The count of terror plots by jihadist groups against Western countries has increased substantially over the last few years. Groups like the ISIS are encouraging their acolytes to attack Western countries involved in the military programs in Iraq and Syria. In light of the same, the relevance of intelligence and security systems has intensified. In view of growing threats from terrorist organizations, rise in drugs trafficking, and growing cross border tensions between countries, efforts have been made by the governments to strengthen the security infrastructure at different terminals including seaports, airports, railway stations, cross border checkpoints, and commercial facilities. The willingness shown by the government to invest in the development of robust security infrastructure augurs well with the market growth. With improving standard of living and consequent rise in air travelers, airport authorities are compelled to deploy smart and intelligent security checkpoint solutions to improve operational efficiency. For instance, to prevent travelers from queuing-up near the security terminals and ensure smooth passenger flow, Airports Authority of India (AAI) in February 2018 placed an order worth excess US$ 50 Mn with Smiths Detection for baggage scanners to be installed at nine different airports across India. In addition, compliance with the aviation legislations has mandated airport authorities to modernize their current security infrastructure, thereby driving new baggage scanner installations. An EU directive mandated all airport authorities in Europe to deploy robust and sufficient perimeter and airfield security by 2015. While the developed economies including North America and Europe are estimated to witness a steady growth, Asia Pacific and the Middle East are poised to experience a considerable uptrend.
Competitive Insights:
Lack of product differentiation is the major challenge faced by manufacturers of baggage scanners. Hence, product innovation and new technology development are expected to be the go-to strategies for manufacturers in the market. Some of the leading vendors profiled in the study include Adani Systems Inc., 3DX-RAY Ltd., Kapri Corp., Astrophysics Inc., MinXray, Inc., L-3 Communications Security & Detection Systems, Westminster International Ltd., OSI Systems, Inc., Smith Detection, Safran Identity & Security (Morpho Detection), Analogic Corporation, Eurologix Security, and Leidos Holdings, Inc. Since good portion of baggage scanner sales is through contracts to government agencies and transport authorities, manufacturers are focused on ensuring long-term association with their customers.
Browse Full Report With TOC, Figures And Tables @ http://www.credenceresearch.com/report/baggage-scanners-market
Related Reports:
Dispatch Console Systems Market
About Us:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we've manufactured a firm extraordinarily prepared to this task.
Contact:
Name: Chris Smith
Designation: Global Sales Manager
E-mail: [email protected]
Ph: +1-800-361-8290
Connect With US:
Web: Credence Research
Facebook @ https://www.facebook.com/CredenceResearch
Twitter @ https://twitter.com/CredenceResearc
Linkedin @ https://us.linkedin.com/company/credenceresearch
G+ @ https://plus.google.com/+Credenceresearch
