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Airport Baggage and Cargo Screening Market Assessment EU-Accession StatesPublished by: Frost & Sullivan Published: Jun. 9, 2009 - 38 Pages Table of Contents
AbstractThis Frost & Sullivan research service titled Airport Baggage and Cargo Screening Security EU-Accession States Market provides a quantitative overview of the security spending in the east European region within the airport baggage and cargo screening security market. It identifies the key market drivers and restraints as well as industry challenges and analyses their impact on market prospects. It also offers strategic recommendations for companies that wish to enter the market. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets: perimeter security, biometric and access control as well as surveillance systems in the airport baggage and cargo screening security market across the European Union (EU) accession states.Market Overview Mounting Cargo and Baggage Throughput and Heightened Security Regulations to Boost the Airport Baggage and Cargo Screening Security Market in EU Accession States The airport baggage and cargo screening security market in the EU accession states has been expanding steadily since the accession of new states to the EU in 2004. Solid market growth is anticipated from 2008 to 2016, stimulated by the increased spending by airport authorities and operators towards enhancing and upgrading screening systems. Mounting security regulations for baggage and cargo screening, coupled with an escalation in cargo and baggage throughput in the airports of the EU accession states, will support the development of the airport baggage and cargo screening security market in the region. "Economies in the EU accession states are developing at a rapid pace, even as cargo traffic in the region has soared due to increased trading links within the common European market and with other regions as well," notes the analyst of this research. "As EU accession states hasten to comply with European and international airport regulations, spending on baggage and cargo screening technologies is set to surge." Cargo throughput in the EU accession states is projected to double by 2016, driven mainly by the increase of trading links in the region and development of airport infrastructure. Higher volumes of baggage and cargo traffic in the EU accession states will boost demand for leading-edge screening technology solutions. "The upgrade and extension of airport terminals in countries such as Poland, Romania, the Czech Republic, Slovakia and Bulgaria is set to expand cargo and baggage throughput in the next 7 years to more that 90 per cent its current passenger capacity," explains the analyst. "New screening technology will be required to speed up the process of security clearance and comply with European regulations in terms of airport security." Strategic Alliances Critical for Successful Market Entry The economic downturn will impact cargo traffic. Lower cargo traffic could affect investments in screening technology. "Companies should add capabilities to their existing product line and ally with local companies in the region," advises the analyst. "While entering new markets, performing an analysis of the distribution chain and partnering with regional participants and system integrators in that region will be critical to success." Most airport operators have already established business relations with screening technology companies. Airport authorities and private operators will be keen on acquiring integrated solutions from a single source. Companies should focus on creating strategic partnerships; tier-one companies are already consolidated in the market, but tier-two and tier-three companies can outsource many of their products to companies that already operate and have a better understanding of the market dynamics. In this highly fragmented market, partnerships and alliances are essential for market entry. Get Full Details About This Report >> |
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