Airport Security Market:
Growth opportunities in the Airport Security Market look promising over the next six years. This is mainly due to the replacement and up-gradation of old technologies, increasing growth rate of passengers and International trade, and the escalating threat of criminal attacks.
Airport Security Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
Several drivers responsible for the growth of the global airport security market include the augmenting menaces caused by cyber-attacks and terrorism, accelerating number of passengers and international trade, and strict government norms to enhance airport safety. Also, the augmenting consciousness about the technology and methods to decrease the waiting time further strengthens the market size. Moreover, the advancement and substitution of old technologies and better aftersales value of several security systems will propel the market growth.
The International Air Transport Association (IATA) resolution 753, initiated in 2018, mandated airlines to monitor the baggage before the aircraft loading is done. These rules further drive the market’s growth to manage passengers and goods at the airport accurately. The security legislation is constantly directed and updated to trail any criminal or terrorist activity. The increase in infrastructural enhancement and new airport construction activity imparts profitable opportunities for the industry. However, excessive maintenance costs associated with pertaining protection at airports will hamper the airport security market size.
Systems and Equipment Segment Drivers
Based on the Systems and Equipment, the market is segmented into Backscatter X-ray Systems, Metal Detectors, Fiber optic perimeter intrusion detection systems, Explosives and Narcotics trace detectors, and Cabin Baggage screening systems. Amongst which, the metal detector is projected to lead the market during the forecast period. This is primarily attributed to their ability to scan prohibited products such as weed, explosives, and drugs. It thereby assists the security personnel to prevent the illegal transportation of drugs and explosives.
Regional Drivers
Based on the regional coverage, Europe is predicted to witness a faster CAGR during the forecast period. This is owing to the rising norms, which requisites entry & exit checks on the passengers from the countries outside the 26 nations in the Schengen zone. These regulations were formulated after the Brussels and Paris attacks to safeguard the travelers at the airport. The Schengen information system and Interpol record of lost travel documents are implemented to verify the details of the passengers.
Airport Security Market’s leading Manufacturers:
- Westminster Aviation Security Services
- Siemens AG
- OSI Systems Inc
- FLIR Systems Inc.
- Autoclear LLC
- Smiths Detection Group Ltd.
- Robert Bosch LLC
- Leidos
- E.I.A SpA
- American Science & Engineering Inc.
Airport Security Market Segmentation:
Segmentation by Security Type
- Access Control
- Cyber Security
- Perimeter Security
- Screening
- Surveillance
- Others
Segmentation by Systems & Equipment
- Metal Detectors
- Fiber Optic Perimeter Intrusion detection systems
- Backscatter X-ray Systems
- Explosives and Narcotics Trace detector
- Cabin Baggage Screening Systems
- Others
Segmentation by Airport Model
- Airport 2.0
- Airport 3.0
- Airport 4.0
Segmentation by Airport Class
- Class A
- Class B
- Class C
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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