According to Cognitive Market Research, the global Baggage Scanner market size will be USD 8861.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 7.20% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 3544.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 2658.36 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 2038.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 443.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 177.22 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.9% from 2024 to 2031.
The X-ray Scanner is the fastest-growing segment of the global Baggage Scanner market.
