Market Size of America Airport Passenger Screening Systems Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 1.26 Billion |
Market Size (2029) | USD 1.95 Billion |
CAGR (2024 - 2029) | 9.20 % |
Fastest Growing Market | North America |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
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America Airport Passenger Screening Systems Market Analysis
The America Airport Passenger Screening Systems Market size is estimated at USD 1.26 billion in 2024, and is expected to reach USD 1.95 billion by 2029, growing at a CAGR of 9.20% during the forecast period (2024-2029).
The aviation industry in America is witnessing a significant growth rate. The increase in the air passenger traffic in the region has led to considerable development of airport infrastructure, such as new terminals and terminal expansion, to accommodate more passengers. Such factors will bolster the growth of the market in the region shortly.
Furthermore, the rise in terrorism and illegal trading of illicit goods in America leads to growing demand for advanced airport passenger screening systems in the US, Canada, Mexico, Brazil, and other Latin American countries. Moreover, the rise in terrorism and the trading of illicit goods in America is causing the customs department and airports in the region to deploy advanced passenger screening systems for threat identification.
Furthermore, adopting technology, such as augmented reality, machine learning, artificial intelligence, and biometric solutions at airports will also drive the market growth for airport passenger screening systems in the American region during the forecast period. However, the high cost of installation and operational failures hinder the market growth.