Baggage Scanners Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0212572
  • Format: Electronic (PDF)
  • Number of Pages: 175
  • Author(s): Joshi, Madhavi

Report Overview

The Baggage Scanners Market size was estimated at USD 3.25 billion in 2023 and is projected to reach USD 6.2 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 10.00% during the forecast period (2024-2030).

Baggage Scanners Market

(Market Size)
$3.25 billion
$6.2 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 10.00%
2023 Market Size USD 3.25 billion
2030 Market Size USD 6.2 billion
Key Players Smiths Detection, Leidos, L3Harris Technologies, Nuctech, Analogic

Market Summary

The baggage scanners market is a critical segment within the broader security and semiconductor and electronics industry, primarily focused on ensuring safety across various high-risk and high-traffic environments. These systems are essential for detecting prohibited or dangerous items within luggage and parcels, utilizing advanced technologies such as X-ray imaging, computed tomography (CT), and explosive detection systems (EDS). The market is driven by increasing security concerns globally, particularly in aviation, public transportation, and critical infrastructure sectors. With rising passenger traffic and stringent government regulations mandating enhanced security measures, the demand for efficient and reliable baggage scanning solutions continues to grow. Key players in this market are continuously innovating to improve detection accuracy, speed, and integration capabilities with other security systems. The adoption of artificial intelligence and machine learning for automated threat recognition is also becoming more prevalent, offering significant advancements in operational efficiency. Additionally, the expansion of airport infrastructure in emerging economies and the modernization of existing facilities in developed regions present substantial growth opportunities. The market is characterized by a mix of established multinational corporations and specialized technology providers, all competing to offer superior products that meet evolving security standards and customer requirements.

Key Highlights

The baggage scanners market is distinguished by several key highlights that underscore its importance and dynamism. Advanced imaging technologies, such as multi-view and dual-energy X-ray systems, are increasingly being deployed to enhance detection capabilities while reducing false alarms. Integration of artificial intelligence and deep learning algorithms allows for automated threat recognition, significantly improving screening efficiency and reducing the reliance on human operators. The market is also witnessing a trend towards the development of compact and mobile scanners, catering to the needs of various applications beyond airports, including courthouses, government buildings, and event venues. Another notable highlight is the growing emphasis on compliance with international security standards, such as those set by the International Civil Aviation Organization (ICAO) and the Transportation Security Administration (TSA), which drive product innovation and adoption. Furthermore, partnerships and collaborations between scanner manufacturers and software developers are fostering the creation of integrated security solutions that offer seamless operation and data analytics. The increasing investment in research and development by leading companies ensures continuous technological advancements, keeping the market at the forefront of security technology evolution.

Drivers, Opportunities & Restraints

The growth of the baggage scanners market is propelled by several key drivers, including rising global security threats and the consequent increase in regulatory requirements for enhanced screening processes. The surge in air passenger traffic, particularly in emerging economies, necessitates the deployment of advanced scanning systems to manage higher volumes of luggage efficiently. Additionally, the modernization of airport infrastructure worldwide and the expansion of public transportation networks contribute significantly to market demand. Opportunities in this market are abundant, especially with the integration of cutting-edge technologies like artificial intelligence, IoT, and cloud computing, which enable smarter and more connected security ecosystems. The development of cost-effective and energy-efficient scanners presents further growth prospects, particularly in budget-conscious regions. However, the market faces certain restraints, such as the high initial investment and maintenance costs associated with advanced scanning systems, which can be a barrier for adoption in developing countries. Stringent certification processes and lengthy approval timelines for new technologies also pose challenges. Moreover, privacy concerns related to advanced imaging techniques may lead to public resistance and regulatory hurdles, potentially slowing market expansion in some areas.

Concentration Insights

The baggage scanners market exhibits a concentrated competitive landscape, dominated by a few major players who hold significant market share due to their extensive product portfolios, global presence, and strong research and development capabilities. Companies such as Smiths Detection, Leidos Holdings, Inc., and OSI Systems, Inc. are among the leaders, leveraging their technological expertise and established customer relationships to maintain a competitive edge. These firms focus on continuous innovation, often through strategic acquisitions and partnerships, to enhance their product offerings and expand their market reach. Regional players also play a crucial role, particularly in emerging markets, where they cater to local requirements and offer cost-effective solutions. The market concentration is further influenced by high barriers to entry, including the need for substantial capital investment, advanced technological know-how, and compliance with rigorous international standards. Collaboration with government agencies and security organizations is common, as these entities are primary customers, and such relationships can provide stable revenue streams and opportunities for large-scale deployments. Overall, the market's concentration dynamics are shaped by technological advancement, regulatory compliance, and the ability to offer integrated and reliable security solutions.

Type Insights

Baggage scanners are categorized into various types based on their technology and application, each offering distinct advantages for specific security needs. X-ray scanners are the most widely used, employing electromagnetic radiation to create detailed images of luggage contents, allowing operators to identify potential threats. These systems range from single-view to multi-view scanners, with the latter providing enhanced imaging capabilities from multiple angles. Computed Tomography (CT) scanners represent a more advanced category, utilizing rotational X-ray beams to generate 3D images, which significantly improve detection accuracy for explosives and other concealed items. Explosive Detection Systems (EDS) are specialized scanners designed specifically to identify explosive materials, often integrated into broader security setups at airports and high-security facilities. Other types include radioactive material detection systems and automated screening lanes, which streamline the baggage handling process. The choice of scanner type depends on factors such as the required detection capability, throughput speed, installation environment, and budget constraints. Technological advancements continue to refine these systems, making them more efficient, user-friendly, and capable of integrating with other security technologies for comprehensive threat management.

Application Insights

Baggage scanners are deployed across a diverse range of applications, each with unique requirements and operational contexts. The aviation sector is the largest application area, where scanners are essential for screening checked and carry-on luggage to ensure flight safety and compliance with international regulations. Airports of all sizes, from major international hubs to regional facilities, rely on these systems to handle high volumes of baggage efficiently. Beyond aviation, baggage scanners are critical in public transportation settings, such as railway stations and subway systems, where they help secure mass transit environments against potential threats. Government and military installations use advanced scanning technologies to protect sensitive areas and personnel, often requiring systems with higher detection capabilities and robustness. Critical infrastructure sites, including power plants and communication centers, also employ baggage scanners to prevent unauthorized access and sabotage. Additionally, these systems are increasingly used in commercial venues like stadiums, convention centers, and corporate buildings to enhance security during large events. The versatility of baggage scanners allows them to be adapted to various environments, driven by the universal need for effective threat detection and prevention.

Regional Insights

The baggage scanners market demonstrates varied growth patterns across different regions, influenced by factors such as economic development, security expenditure, and infrastructure modernization efforts. North America holds a significant share of the market, driven by stringent security regulations, high investment in airport security, and the presence of major market players. The United States, in particular, is a key contributor due to its extensive aviation network and ongoing upgrades to security infrastructure. Europe follows closely, with countries like the United Kingdom, Germany, and France prioritizing advanced security solutions in response to heightened terror threats and regulatory frameworks such as those from the European Union. The Asia-Pacific region is experiencing rapid growth, fueled by increasing air travel, expanding airport capacities, and rising government focus on security in countries like China, India, and Japan. Middle Eastern nations, with their strategic focus on becoming global aviation hubs, are also investing heavily in state-of-the-art scanning technologies. Latin America and Africa present emerging opportunities, though adoption may be slower due to budgetary constraints and infrastructure challenges. Overall, regional dynamics are shaped by security needs, economic conditions, and governmental policies aimed at enhancing public safety.

Company Insights

The competitive landscape of the baggage scanners market features several prominent companies that lead through innovation, extensive product lines, and global reach. Smiths Detection, a division of Smiths Group plc, is a key player known for its advanced X-ray and CT-based screening solutions, widely used in aviation and critical infrastructure. Leidos Holdings, Inc., through its acquisition of L3Harris Technologies' security detection business, offers a comprehensive portfolio including automated screening systems and explosive detection technologies. OSI Systems, Inc., operating under its subsidiary Rapiscan Systems, provides a range of baggage scanners renowned for their reliability and advanced imaging capabilities. Other significant contributors include Analogic Corporation, which specializes in CT systems for baggage screening, and CEIA S.p.A., known for its electromagnetic inspection devices. These companies invest heavily in research and development to introduce cutting-edge features such as AI-driven threat recognition, reduced operational costs, and enhanced user interfaces. Strategic partnerships with airports, government agencies, and security firms are common, enabling these companies to secure large contracts and maintain their market positions. The focus on developing integrated and scalable solutions that meet evolving security standards is a common thread among all leading players, ensuring their continued relevance in a competitive market.

Recent Developments

Recent developments in the baggage scanners market highlight a continuous push towards technological innovation and strategic expansion. Major players have introduced advanced CT scanners with improved detection algorithms and faster processing speeds, enhancing throughput at security checkpoints without compromising accuracy. For instance, new models featuring automated threat recognition powered by artificial intelligence are being deployed to reduce human error and increase efficiency. There has also been a trend towards the development of compact and modular scanners designed for flexible deployment in various settings, from small airports to public venues. Partnerships and acquisitions are frequent, as companies seek to broaden their technological capabilities and geographic presence. For example, recent collaborations between scanner manufacturers and software firms aim to integrate baggage scanning systems with broader security and operational platforms, providing holistic solutions. Additionally, regulatory approvals for new technologies have been a focus, with companies working closely with authorities to ensure compliance and facilitate adoption. Investments in sustainable and energy-efficient designs are also gaining traction, aligning with global environmental goals. These developments reflect the market's responsiveness to evolving security challenges and the demand for more sophisticated, reliable, and user-friendly scanning solutions.

Report Segmentation

This market research report on the baggage scanners market offers a detailed segmentation to provide comprehensive insights into various aspects of the industry. The segmentation is based on type, application, and region, allowing for a nuanced analysis of market dynamics. By type, the report covers X-ray scanners, computed tomography (CT) scanners, explosive detection systems (EDS), and other specialized scanning technologies. Each segment is analyzed in terms of technological features, adoption rates, and growth potential. Application-wise, the market is divided into aviation, public transportation, government and military, critical infrastructure, commercial spaces, and others, highlighting the specific requirements and trends in each sector. Regional segmentation includes North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa, examining regional market sizes, growth drivers, and competitive landscapes. This structured approach enables stakeholders to identify key opportunities and challenges within specific segments, facilitating informed decision-making. The report also delves into factors influencing each segment, such as regulatory changes, technological advancements, and economic conditions, providing a holistic view of the market's trajectory and potential areas for investment and innovation.

FAQs

What are the different types of baggage scanners available? Baggage scanners primarily include X-ray systems, computed tomography (CT) scanners, explosive detection systems (EDS), and other variants like radioactive material detectors. X-ray scanners are most common for general screening, while CT and EDS are used for higher-threat environments.

Which regions are leading in the adoption of baggage scanners? North America and Europe are currently the leading regions due to stringent security regulations and advanced infrastructure. However, the Asia-Pacific region is rapidly growing, driven by increasing air travel and infrastructure development.

What are the key applications of baggage scanners beyond airports? Beyond airports, baggage scanners are used in public transportation hubs, government buildings, military facilities, critical infrastructure sites, and large public venues like stadiums and convention centers to enhance security.

Who are the major companies in the baggage scanners market? Major companies include Smiths Detection, Leidos Holdings, Inc., OSI Systems, Inc. (Rapiscan Systems), Analogic Corporation, and CEIA S.p.A., among others, known for their innovative and reliable security solutions.

How is artificial intelligence impacting the baggage scanners market? Artificial intelligence is revolutionizing the market by enabling automated threat recognition, reducing false alarms, improving screening speed, and decreasing reliance on human operators, thus enhancing overall security efficiency.

What are the main challenges faced by the baggage scanners market? Key challenges include high initial costs, stringent regulatory certifications, privacy concerns related to advanced imaging, and the need for continuous technological upgrades to counter evolving threats.

Citius Research has developed a research report titled “Baggage Scanners Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Baggage Scanners Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Baggage Scanners Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Baggage Scanners Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Baggage Scanners Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Baggage Scanners Market
• Research Methodology
• Executive Summary
• Market Dynamics of Baggage Scanners Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Baggage Scanners Market
• Cost and Gross Margin Analysis of Baggage Scanners Market
• Baggage Scanners Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Baggage Scanners Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Baggage Scanners Market Key Stakeholders

Below are the key stakeholders for the Baggage Scanners Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Baggage Scanners Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Baggage Scanners Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Baggage Scanners Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Baggage Scanners Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Baggage Scanners Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Baggage Scanners Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Baggage Scanners Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Baggage Scanners Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Baggage Scanners Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Baggage Scanners Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Baggage Scanners Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Baggage Scanners Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Baggage Scanners Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Baggage Scanners Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Baggage Scanners Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Baggage Scanners Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Baggage Scanners Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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