The market for AI baggage scanning system is expected to grow at a CAGR of around 41.3% from 2020 to 2027 and expected to reach the market value of around US$ 5,544.9 Mn by 2027.
AI baggage scanning system is an artificial intelligence-based solution that ensures accuracy and efficiency in threat detection at various security checkpoints. These may offer the features like high throughput, huge range, flexible integration, universal compatibility, and regulation-compliant among others. The integration of AI in the baggage scanning system allows ultimate in-image detection, examination of bags with high contrast filter, and allows enhanced material discrimination.
Market Dynamics
The increasing terrorist activities and consequent safety concerns have increased the demand for security systems including baggage scanners across the globe. Law enforcement and government agencies across the globe are significantly upgrading their security capabilities is additionally boosting the market value. The increasing investments in infrastructure development of developing economies are further propelling the market value. Additionally, increasing smart city projects and the growing maritime tourism industry are further expected to provide potential growth during the forecast period from 2020 to 2027. Furthermore, the increasing usage of destination coded vehicles and robotics in baggage scanning is expected to drive the market during the forecast period.
On the other hand, the high cost associated with the AI-based application as well as the complexity and high price associated with the initial installation and maintenance is further hampering the market growth in the estimated period.
Segment Instance of Global AI Baggage Scanning System Market
Destination coded vehicle segment is projected to exhibit fastest growth over the forecast period
Destination coded vehicles (DCV) are anticipated to experience the fastest growth in the near future. The faster operation rate of DCV as compare to the conveyor, which helps in handling the increasing number of air travelers is supporting the market growth. The increasing number of airport infrastructural development projects in order to expand the capacity is additionally bolstering the regional market value.
North America accounted for the maximum revenue share in the AI baggage scanning market
In 2019, North America leads the market with dominating share, and the region is also projected to maintain its dominance over the forecast period from 2020 to 2027. The presence of major players and advanced Application infrastructure in the region is supporting the regional market value. The high risk associated with the terrorist activities in the major economy of the region US is highly involved in the market growth.
Asia Pacific is estimated to exhibit fastest growth over the forecast period from 2020 to 2027
The increasing number of air travelers along with the tourism industry of developing economies is supporting the fastest growth of the region. The increasing disposable income and growing upper-middle-class population are boosting the demand in the market. The continuous efforts towards the infrastructural development in terms of security and fast services by the government owing to the increasing security concern are additionally propelling the regional market value. The increasing number of startups in the AI industry is additionally expected to boost the growth in the near future.
Baggage AI, an Indian startup has developed a sophisticated high-performance artificial intelligence (AI)-based system for automatic object detection of banned items in baggage through x-ray images. The system looks at each image like a human eye, outline banned items, and send alert to the connected screen. The existing scanners work on manual detection, while this system has automated the process by finding and locating prohibited items in the x-ray image of the scanned baggage.
Key Players
The players profiled in the report include Astrophysics Inc., Daifuku Co. Ltd., Rapiscan Systems, Siemens Postal, BaggageAI, Parcel & Airport Logistics, SITA, Smiths Detection, Synapse Application Corporation, Vehant Technologies, and Westminster Group Plc.
Market Segmentation
Market By Component
Hardware
Software
Services
Market By Type
Destination Coded Vehicle
Conveyor
Market By Application
Airport
Railway
Marine
Educational Institutes
Border checkpoints
Others
Market By Geography
North America
• U.S.
• Canada
Europe
• U.K.
• Germany
• France
• Spain
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific
Latin America
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa
• GCC
• South Africa
• Rest of Middle East & Africa
CHAPTER 1. Industry Overview of AI Baggage Scanning System
1.1. Definition and Scope
1.1.1. Definition of AI Baggage Scanning System
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global AI Baggage Scanning System Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. AI Baggage Scanning System Market By Component
1.2.3. AI Baggage Scanning System Market By Type
1.2.4. AI Baggage Scanning System Market By Application
1.2.5. AI Baggage Scanning System Market by Regions
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restrain 1
3.2.2. Restrain 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of AI Baggage Scanning System Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for AI Baggage Scanning System Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Regulatory Compliance
3.9. Competitive Landscape, 2019
3.9.1. Player Positioning Analysis
3.9.2. Key Strategies Adopted By Leading Players
CHAPTER 4. AI Baggage Scanning System Market By Component
4.1. Introduction
4.2. AI Baggage Scanning System Revenue By Component
4.2.1. AI Baggage Scanning System Revenue (US$ Mn) and Forecast, By Component, 2016-2027
4.2.2. Hardware
4.2.2.1. Hardware Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
4.2.3. Software
4.2.3.1. Software Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
4.2.4. Services
4.2.4.1. Services Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 5. AI Baggage Scanning System Market Revenue By Type
5.1. Introduction
5.2. AI Baggage Scanning System Revenue (US$ Mn) By Type
5.2.1. AI Baggage Scanning System Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
5.2.2. Destination coded vehicle
5.2.2.1. Destination coded vehicle Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.3. Conveyor
5.2.3.1. Conveyor Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 6. AI Baggage Scanning System Market By Application
6.1. Introduction
6.2. AI Baggage Scanning System Revenue (US$ Mn) By Application
6.2.1. AI Baggage Scanning System Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
6.2.2. Airport
6.2.2.1. Airport Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.3. Railway
6.2.3.1. Railway Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.4. Marine
6.2.4.1. Marine Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.5. Educational Institutes
6.2.5.1. Educational Institutes Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.6. Border checkpoints
6.2.6.1. Border checkpoints Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.7. Others
6.2.7.1. Others Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 7. North America AI Baggage Scanning System Market By Country
7.1. North America AI Baggage Scanning System Overview
7.2. U.S.
7.2.1. U.S. AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Component, 2016-2027
7.2.2. U.S. AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
7.2.3. U.S. AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
7.3. Canada
7.3.1. Canada AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Component, 2016-2027
7.3.2. Canada AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
7.3.3. Canada AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
7.4. North America PEST Analysis
CHAPTER 8. Europe AI Baggage Scanning System Market By Country
8.1. Europe AI Baggage Scanning System Market Overview
8.2. U.K.
8.2.1. U.K. AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Component, 2016-2027
8.2.2. U.K. AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
8.2.3. U.K. AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
8.3. Germany
8.3.1. Germany AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Component, 2016-2027
8.3.2. Germany AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
8.3.3. Germany AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
8.4. France
8.4.1. France AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Component, 2016-2027
8.4.2. France AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
8.4.3. France AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
8.5. Spain
8.5.1. Spain AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Component, 2016-2027
8.5.2. Spain AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
8.5.3. Spain AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
8.6. Rest of Europe
8.6.1. Rest of Europe AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Component, 2016-2027
8.6.2. Rest of Europe AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
8.6.3. Rest of Europe AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
8.7. Europe PEST Analysis
CHAPTER 9. Asia Pacific AI Baggage Scanning System Market By Country
9.1. Asia Pacific AI Baggage Scanning System Market Overview
9.2. China
9.2.1. China AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
9.2.2. China AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
9.2.3. China AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
9.3. Japan
9.3.1. Japan AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
9.3.2. Japan AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
9.3.3. Japan AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
9.4. India
9.4.1. India AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
9.4.2. India AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
9.4.3. India AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
9.5. Australia
9.5.1. Australia AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
9.5.2. Australia AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
9.5.3. Australia AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
9.6. South Korea
9.6.1. South Korea AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
9.6.2. South Korea AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
9.6.3. South Korea AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
9.7. Rest of Asia-Pacific
9.7.1. Rest of Asia-Pacific AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
9.7.2. Rest of Asia-Pacific AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
9.7.3. Rest of Asia-Pacific AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
9.8. Asia Pacific PEST Analysis
CHAPTER 10. Latin America AI Baggage Scanning System Market By Country
10.1. Latin America AI Baggage Scanning System Market Overview
10.2. Brazil
10.2.1. Brazil AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
10.2.2. Brazil AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
10.2.3. Brazil AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.3. Mexico
10.3.1. Mexico AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
10.3.2. Mexico AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
10.3.3. Mexico AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.4. Rest of Latin America
10.4.1. Rest of Latin America AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
10.4.2. Rest of Latin America AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
10.4.3. Rest of Latin America AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Application, 2016 – 2027
10.5. Latin America PEST Analysis
CHAPTER 11. Middle East & Africa AI Baggage Scanning System Market By Country
11.1. Middle East & Africa AI Baggage Scanning System Market Overview
11.2. Saudi Arabia
11.2.1. Saudi Arabia AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
11.2.2. Saudi Arabia AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
11.2.3. Saudi Arabia AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
11.3. UAE
11.3.1. UAE AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
11.3.2. UAE AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
11.3.3. UAE AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
11.4. Rest of Middle East & Africa
11.4.1. Rest of Middle East & Africa AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
11.4.2. Rest of Middle East & Africa AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
11.4.3. Rest of Middle East & Africa AI Baggage Scanning System Market Revenue (US$ Mn) and Forecast By Application, 2016 – 2027
11.5. Middle East & Africa PEST Analysis
CHAPTER 12. Player Analysis Of AI Baggage Scanning System
12.1. AI Baggage Scanning System Market Company Share Analysis
12.2. Competition Matrix
12.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
12.2.2. New Product Launches and Product Enhancements
12.2.3. Mergers And Acquisition In Global AI Baggage Scanning System Market
12.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 13. COMPANY PROFILE
13.1. Astrophysics Inc.
13.1.1. Company Snapshot
13.1.2. Business Overview
13.1.3. Financial Overview
13.1.3.1. Revenue (US$ Mn), 2019
13.1.3.2. Astrophysics Inc. 2019 AI Baggage Scanning System Business Regional Distribution
13.1.4. Product/ Service and Specification
13.1.5. Recent Developments & Business Strategy
13.1.6. Manufacturing Plant Footprint Analysis
13.2. Daifuku Co. Ltd.
13.3. Rapiscan Systems
13.4. Siemens Postal, Parcel & Airport Logistics
13.5. SITA
13.6. Smiths Detection
13.7. Synapse Application Corporation
13.8. Vehant Technologies
13.9. Westminster Group Plc
13.10. Others
