From GlobeNewswire: 2024-11-20 09:00:00

The baggage scanner market was valued at USD 2.14 billion in 2023 and is projected to reach USD 3.15 billion by 2032, growing at a CAGR of 4.15%. Heightened security concerns and technological advancements are driving market growth, with baggage handling systems currently dominating at 87.7%.

Government regulations and safety measures have increased the demand for advanced baggage scanners, with agencies like TSA and EASA enforcing strict rules. The market is expected to benefit from innovations in detecting explosives and improving accuracy, with a significant investment of USD 7.4 billion in transportation security in 2024.

X-ray scanners are the fastest-growing system in the baggage scanner market, projected to grow at a CAGR of 5.72%. RFID systems have a 56% market share due to their efficiency in tracking luggage, reducing mishandling. Transit stations and airports are major end users, with airports expected to grow at a CAGR of 6.34% through 2032.

North America and Europe lead the baggage scanner market, with North America capturing 34% of the market in 2023. Asia Pacific is poised for significant growth, with a notable CAGR of 6.34% from 2024 to 2032. Rapid airport construction in countries like China and Japan is driving market expansion in the region.

Recent developments include the launch of advanced baggage scanners by companies like Smiths Detection and Micro-X, improving efficiency and threat detection at security checkpoints. Smiths Detection also deployed 3D cabin bag scanners at Indian airports to reduce security wait times. The Baggage Scanners Market Growth & Outlook report provides statistical insights, key vendor analysis, performance benchmarks, and integration capabilities for 2023. The report also includes usage statistics, competitive landscape, regional analysis, company profiles, and use cases. For more information, visit https://www.snsinsider.com/reports/baggage-scanners-market-4775.

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