North American Market Forecast
X-ray security screening market in the North American region market amongst the markets in all the other regions, is anticipated to hold the largest with a share of about 30% by the end of 2037. The market growth in the region is also expected on account of significant government spending on enhancing public safety and security infrastructure, especially in response to challenges like illegal immigration and terrorism. According to studies, the US spends an estimated 4.9 billion on Border patrol to tackle illegal immigration and illicit trafficking. Furthermore, stringent rules and regulations by bodies like The Canadian Air Transport Security Authority (CATSA) have set strict security screening protocols at airports for people, baggage, and the administration of identity cards which has resulted in a demand for X-ray screenings adoption in the region. Additionally, the USA’s status as a major economic force in the world and its many busy international airports contribute to the demand. also expected to spur the growth of X-ray security screening market in the North American region.
APAC Market Analysis
The Asia Pacific X-ray security screening market is estimated to be the second largest, registering a share of about 22% by the end of 2037. The market’s expansion can be attributed majorly to the rise in air traffic in the region as a result of more accessible fares, a rise in both business and leisure travel, and a rise of the middle class in countries like India, Indonesia, China, Philippines, Thailand, Japan, and South Korea. Data provided by an analytics firm suggest that domestic air traffic in India had an estimated all-time high passenger count of 150 million passengers in 2023 beating the previous record of 144 million passengers in 2019. Furthermore, the swift expansion of e-commerce and international trade in countries like China and India has boosted the market growth in the region. For instance, China alone delivered and handled an estimated 110 billion parcels in the year in 2022 which has resulted in an increased requirement for strong security protocols. Thus, is attributed to the growth of X-ray security screening market in the Asia Pacific region.
Author Credits: Abhishek Verma
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?