Global Airport Security Market
Industry Overview
According to Goldstein Research, “Rising air passenger and cargo traffic have significantly pushed the developments in the field of airport security and the need for faster and more seamless processing. There have also been important efforts to advance the accuracy of threat detection. These new technologies not only provide better security but can also help to enhance the passenger experience, which is the major factor for the growth of airport security solutions market.”
“Global Airport Security Market Outlook 2024”
The global Airport Security Market is segmented based on technology and by components. Technology segment is further bifurcated into access control, cybersecurity, perimeter security, screening, and surveillance. Through 2016, growth in cybersecurity, which accounted for the small proportion of global airport security solutions in 2016, will outpace that in security surveillance. The inclining interest of the government authorities in various developing nation to build and upgrade the Global Smart Airport Market. Moreover, this will further boost the demand for airport security market to ensure rising security concerns.
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The global airport security market size is projected to reach USD 12.9 billion by the end of forecast period owing to demand the latest innovations in security technology such as millimeter wave scanners or thermal cameras and full body x-ray scanners.
North America is the largest region for airport security solutions market in 2016 and is expected to dominate the market during the forecast period of 2016-2024. North America airport security solutions market valued USD 4.4 billion in 2016 and is estimated to reach USD 6.7 billion by 2024. The United States is expected to dominate the airport security solutions market followed by India due to large milk production in these countries. The North American Airport Security Market is likely to grow strongly, attributed to the U.S government high priority for homeland security.
Technological Advancement: Major Impel
Advancements in airport security solutions improving airport security, including perimeter protection, video surveillance, face recognition and improvements in the efficiency of screening chemical capabilities. Moreover, airport security solution providers and big companies are progressively providing end-to-end, integrated solutions that integrate a number of security technologies. For instance,Izmir International Airport in Turkey has recently entered into an agreement with Tyco Security Products for the delivery of integrated security solutions such as access control, location tracking and intrusion tracking.
“Global Airport Security SolutionsMarket Outlook 2024” contains a detailed overview of the global airport security solutions market in terms of market segmentation by technology and by components.
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Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Global Airport Security Solutions Market Report also provides a competitive outlook of some of the major players which include profiling of companies such asSiemens Ag, Thales Group, American Science and Engineering, Inc, Westminster Group PLC, Axis Communications, Scanna MSC Ltd., Bosch Security Systems etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global airport security solutions market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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Browse the market report on Smart Airport Market to accumulate industry trends, share, revenue data, key Player, USP analysis of leading companies, growth rate and more business-oriented facts & Figure. Moreover, to get regional insights of the fastest growing market, read the synopsis of APAC Smart Airport Market.