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Airport Security Market by Offering (Systems (X-Ray Machines, Metal Detectors, Surveillance Systems, Biometric Devices, Others), Services), Application (Access Control, Perimeter Security, Scanning & Screening, Others), and Geography - Global Forecast to 2031
Report ID: MRICT - 1041089 Pages: 200 Aug-2024 Formats*: PDF Category: Information and Communications Technology Delivery: 24 to 72 Hours Download Free Sample ReportThe Airport Security Market is projected to reach $25.27 billion by 2031, at a CAGR of 8.6% during the forecast period 2024–2031. Some of the major factors driving the growth of this market are stringent government regulations for airport security and the growing number of air passengers. In addition, increasing investment in airport security is expected to offer significant opportunities for the growth of this market. Difficulty in upgrading existing security systems is a challenge in the airport security market. However, the high cost of airport security systems can restrain the growth of this market.
This rapid growth of the aviation industry has put airport operators under pressure to face important challenges such as increasing their capacity, optimizing their processes, diversifying their revenues, being part of the passenger global experience, and of course, providing top security and cybersecurity measures. In this context, digital solutions gave airports the unique opportunity to address all these issues.
Due to this, airports are investing heavily in automation to assure safety and security in addition to operational effectiveness and customer experience. Biometric identity systems, automated surveillance systems, and advanced imaging technology all improve security measures while speeding up screening processes. Automated baggage screening systems with powerful imaging and explosives detection capabilities increase security check accuracy and speed, improving the operational effectiveness of supply chain management in the aviation industry. By reducing the danger of identity fraud and enhancing general security, biometric identification systems, such as facial recognition or fingerprint scanning, enable safe and effective passenger verification operations.
Some of the recent developments:
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Increasing adoption of airport security systems and the growing focus of key players on product development and enhancement is expected to drive the segment growth. For instance, in November 2023, Huawei Technologies Co., Ltd. (China) launched a series of brand-new smart airport solutions for international markets, including the Fully Connected Fiber Network Solution and Smart Airport Perimeter Security with Fiber Sensing Solution. In another instance, in October 2023, Leidos (U.S.), a science and technology leader, launched ProSight™, its newest enterprise software platform, which provides airports and commercial organizations with high-risk points of entry with a centralized security management system.
Based on application, the airport security market is segmented into access control, perimeter security, scanning and screening, surveillance, and other applications. In 2024, the scanning and screening segment is expected to account for the largest share of the global airport security market. The large share of this segment is mainly attributed to the rising deployment of security systems to prevent prohibited items and other threats to transportation security from entering the sterile area of the airport, rising investment in airport scanning and screening systems to improve passenger experience, and focus of key players to develop innovating scanning and screening products.
Based on geography, the airport security market is segmented into North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. In 2024, North America is expected to account for the largest share of the airport security market. However, the Asia-Pacific region is expected to grow with the highest CAGR during the forecast period.
The growth of the market is driven by the rising investment to modernize airport infrastructure, the growing need to ensure operational efficiency, and the rising deployment of security systems at the airports. For instance, in September 2021, South [PT9] Korea-based Incheon International Airport Corporation (IIAC) signed a contract with Smiths Detection (U.K.) to install its explosives detection system (EDS) HI-SCAN 10080 XCT for hold baggage screening at Incheon International Airport (ICN) Terminal 2. In another instance, in February [PT10] 2021, Singapore’s Changi Airport Group awarded a contract to Genetec (Canada), a technology provider of integrated security, business intelligence, public safety, and operations solutions, to upgrade its security system.
The key players operating in the airport security market are Teledyne FLIR LLC (U.S.), Leidos (U.S.), Honeywell International Inc. (U.S.), Robert Bosch GmbH (Germany), Siemens AG (Germany), Hart International (UAE), Covenant Aviation Security, LLC (U.S.), Collins Aerospace (U.S.), Smiths Group plc. (U.K.), Elbit Systems Ltd. (Israel), SITA (Switzerland), Rapiscan Systems (U.S.), Axis Communication AB (Sweden), Thales Group (France), Westminister Group Plc. (U.K) and among others.
Particulars |
Details |
Number of Pages |
200 |
Format |
|
Forecast Period |
2024-2031 |
Base Year |
2023 |
CAGR |
8.6% |
Estimated Market Size (Value) |
$25.27 billion by 2031 |
Segments Covered |
By Offering
By Application
|
Countries Covered |
North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, Russia, and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and the Rest of Asia-Pacific), Latin America, and the Middle East & Africa. |
Key Companies |
Teledyne FLIR LLC (U.S.), Leidos (U.S.), Honeywell International Inc. (U.S.), Robert Bosch GmbH (Germany), Siemens AG (Germany), Hart International (UAE), Covenant Aviation Security, LLC (U.S.), Collins Aerospace (U.S.), Smiths Group plc. (U.K.), Elbit Systems Ltd. (Israel), SITA (Switzerland), Rapiscan Systems (U.S.), Axis Communication AB (Sweden), Thales Group (France), Westminister Group Plc. (U.K) and among others. |
The global Airport Security market is projected to reach $25.27 billion by 2031, at a CAGR of 8.6% during the forecast period.
Some of the major factors driving the growth of this market are stringent government regulations for airport security and the growing number of air passengers. In addition, increasing investment in airport security is expected to offer significant opportunities for the growth of this market.
The key players operating in the airport security market are Teledyne FLIR LLC (U.S.), Leidos (U.S.), Honeywell International Inc. (U.S.), Robert Bosch GmbH (Germany), Siemens AG (Germany), Hart International (UAE), Covenant Aviation Security, LLC (U.S.), Collins Aerospace (U.S.), Smiths Group plc. (U.K.), Elbit Systems Ltd. (Israel), SITA (Switzerland), Rapiscan Systems (U.S.), Axis Communication AB (Sweden), Thales Group (France), Westminister Group Plc. (U.K) and among others.
Based on offering, the systems segment is expected to account for the larger share of the global airport security market.
Based on application, the access control segment is expected to record the highest CAGR during the forecast period.
Asia-Pacific is projected to register the highest growth rate over the coming years.
Published Date: Aug-2024
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Published Date: Jan-2024
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