Market Share of Airport Passenger Screening Systems Industry
The market for passenger screening systems is currently going through a process of consolidation. Businesses are aligning their products and services to either be the best at one type of product or to become a full-service manufacturer and provider of security and detection products.Some major players in the airport passenger screening systems market are OSI Systems Inc., Analogic Corporation, C.E.I.A. S.p.A., Smiths Group plc, and Garrett Electronics Inc.
As demand in the area goes up and players can't keep up with it, this market is likely to get a lot more competition from local players.The players in the market are investing in R&D to develop advanced screening technologies and equipment that will help them increase their share of the market.
For instance, in May 2022, Athena Security unveiled the Entryway Security Solution. This multi-sensory walk-through metal detector was expected to allow a faster flow of pedestrian traffic while providing a high level of security screening and weapons detection. The system can automatically differentiate between a weapon, keys, watches, and a cell phone, eradicating the need to strip items required by legacy metal detectors. Such innovations in passenger screening systems are anticipated to help the company receive new orders from aircraft operators and strengthen its presence in the market in the coming years.
Airport Passenger Screening Systems Market Leaders
Analogic Corporation
OSI Systems Inc.
Garrett Electronics Inc.
C.E.I.A. S.p.A.
Smiths Group plc
*Disclaimer: Major Players sorted in no particular order
