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Press Release: Airport Metal Detectors Market is expected to exhibit a CAGR of 5.1% During the Forecast period (2019-2027)
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Market Overview
Metal detector is a device, which is used for detection of metals or weapons at airport, hotels, railways stations, and many other public and private places. Airports in particular are considered to be soft target by terrorists. Hence, airport are always deployed with various security measures. Majority of the weapons are metals in the form of knives, guns, scissors, razors blades, and others that are detected by these detectors. There are various types of metal detectors, which are used for airport security such as fixed type (walk-through metal detectors) and portable type (handheld).
The global airport metal detectors market is expected to exhibit a CAGR of 5.1% during the forecast period (2019-2027).
Market Dynamics-Drivers
Growing demand for safety and security in the aviation industry is expected to drive growth of the global airport metal detectors market during the forecast period.
Airports and aviation systems are considered a lucrative target by terrorist across the globe. Airplanes are more vulnerable compared to other forms of transportation. The reason being when flight is in the air, it is completely isolated from ground and it is difficult to engage with hijackers without harming the passenger. The Boeing 747 typically holds around 416 passengers on board and when it is in the air, it is one of the biggest targets for terrorist attacks. This has lead security agencies to focus on preventing these attacks at airports. Increasing threats in the aviation industry is expected to drive the global airport metal detectors market growth over the forecast period.
Among regions, North America region held a dominant position in the global airport metal detectors market in 2019, accounting for 27% share in terms of value, followed by Asia Pacific and Europe, respectively.
Source: Coherent Market Insights
Market Restraints
High cost of metal detectors is expected to restrain growth of the global airport metal detectors market over the forecast period.
Metal detectors is one of the crucial parts of airport security infrastructures. However, initial purchasing cost of metal detectors is very high. Moreover, according to Coherent Market Insights’ analysis, installation of new metal detectors at the airport costs around US$ 30,000. Due to high initial purchasing cost and installation cost, airport authority may hesitate to adopt new metal detectors at airports.
Market Opportunities
Increasing government investments on airport security systems is expected to create lucrative growth opportunities for market players in the global airport metal detectors market
Governments are continuously investing in security infrastructure at airports. Among all countries all over the world, the U.S. is considered as one of the safest countries to travel, owing to high government investments in airport security. For instance, in December 2018, a report published by Transportation Security Administration (TSA), a U.S. airport security body was formed just after 26/11 terrorist attack. TSA had a budget of US$ 7.6 Mn in 2017 and it is expected to increase to US$ 7.78 Mn in 2020. The majority of this funding is spend on new equipment in security infrastructures.
Source: Coherent Market Insights
Competitive Section
Key companies operating in the global airport metal detectors market include Ceia USA, Ltd., Cobalt Light Systems, Garrett Electronics Inc., L3Harris Security & Detection Systems, Rapiscan Systems, IRT ScanMaster Systems, Inc., Unival group GmbH, ZKTECO CO., LTD, and others.
Key Developments
A metal detector is an electronic device, which detects the presence of metals. Metal detectors are useful for detecting hidden metal objects at airports, railway stations, bus stations, and other public and private places. Metal detectors are categorized into two types such as hand held metal detector and walk-through metal detectors. Moreover, these metal detector consists of components such as sensor creates an electromagnetic wave and reflector, which acts as wave reflector. When a metal comes in close contact with these detectors, the waves are blocked by metals objects and circuit remains open causing an alarm to ring.
Market Dynamics
Terrorist activities all over the world are increasing at a rapid pace driving governments and airport security agencies to upgrade their security infrastructure continuously. For instance, according to Coherent Market Insights’ analysis, in 2018, around 4,320 number of guns were detected at airports in the U.S. This number is expected to increase over the forecast period.
Conflict between two countries force security agencies to implement additional security measures at airports and major public places. For instance, in January 2020, according to a Statement given by United States Department of Defense, the U.S. killed Iranian general Qasem Soleimani of Iran's Islamic Revolutionary Guard Corps (IRGC) in drone attack near Baghdad airport. After this incident, there is tension between two counties. This is why airports across all the U.S. are on high alert. These factors are expected to drive the global metal detectors market over the forecast period.
However, due to advancement in technology, the nature of attacks by terrorists is also changing. For instance, instead of pistol they prefer plastic explosives, which are not detected by metal detectors. This is expected to hamper growth of the market over the forecast period.
Market Taxonomy
This report segments the global airport metal detectors market on the basis of product type, application, and region. On the basis of product type, the global airport metal detectors market is segmented into explosives, metal, narcotics, radioactivity, and others. On the basis of application, the global airport metal detectors market is segmented into military and civil, and on the basis of region, the global airport metal detectors market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
Key features of the study:
Detailed Segmentation:
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Table of Contents
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