Global Airport Security Solution Market
Rising need for intelligent security solutions to protect travelers, assets, and infrastructure amid emerging multifaceted threats, has significantly augmented the demand for airport security solutions
Market Landscape
Airport Security Solutions Market is anticipated to expand at a compound annual growth rate (CAGR) of 5.1% during the forecast period i.e. 2016-2024.
Growing air passenger traffic and volume led the airport authorities to adapt to the requirements and to become more active towards moving aviation dynamics. Primary aim of the smart airports across the globe is to make systems connected, intellectual and uncomplicated access by everybody.
Approximately two third of the airports across the globe are planning major IT developments in passenger effortless self-service solutions with precise smart security solutions to cope up with the emerging need for smart security solutions with growing passenger traffic. More than38% airports around the world will be incorporated by the digital technologies such as interactive way findings, smart tracking of passengers and smart check-in services. Many major international airports have adopted advanced airport security technologies to advance their security needs. For instance, the self-service check-in kiosk systems were installed at the London Heathrow Airport not only enhance passenger travelling experience but also to expedite the screening process precisely.
Browse Full Report Here: Airport Security Solutions Market
Global airport security solutions Market Outlook, 2016-2024 Covers:
- Forecast market size (USD), market share (%) and market growth CAGR, 2016-2024
- Present ground scenario and future opportunity prospects for the market players to analyze the target markets across the globe.
- In-depth competitive analysis of the major players and leaders in aviation industry.
- Future prospects of the overall industry based on industry professionals, airport security solutions manufacturers, aftermarket vendors, and component suppliers.
- The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models.
- the aviation security solutions market report also recognizes value chain analysis to understand the cost differentiation to provide a competitive advantage to the existing and new entry players.
- Market growth dynamics, challenges, risk analysis, trends & opportunities for the new & existing players in the market.
- The market segmentation in the report is backed by the estimated & forecast market size (USD) & market share (%) along with the BPS analysis & market attractiveness.
Global Airport Security Solutions Market Segmentation
By Technology Type
- Access control
- Cyber security
- Perimeter security
- Screening
- Surveillance
By Component Type
- Software
- Hardware
- Services
By Geography
- North America (US, Canada) {Market Share (%), Market Size (USD Billion)}
- Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion)}
- The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Market Share (%), Market Size (USD Billion)}
- Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion)}
- Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion)}
Market Trends, Drivers, and Challenges
Megatrends such as rapid urbanization and globalization in today’s world continue to influence society through the ever-growing mobility of air passenger and goods. The major challenge for airports as entryways to the extensive world is to proficiently accommodate the hassles of the escalating passenger and cargo traffic. In addition to this, guaranteeing the complete safety and security of passengers, staff, airport possessions and structure remains a major concern at all times. Passenger traffic across the globe is swelling with 5% Y-O-Y growth coupled with rising IT expenditure by the airport authorities to lower their operating expenditures and to implement advanced technologies will significantly fuel the growth of aviation security solution market.
However lack of funding and delayed airport development projects are some major challenges affecting the growth of smart airport security solution market. For instance approximately USD 20.0 billion average annual funding required for U.S. airports, which is expressively higher than the funding accessible through annual AIP grants and airport generated net revenue. It shows, existing authorized funding system cannot meet U.S. airport infrastructure needs for updating and expanding airport capacity which is important for a safe, effective and globally competitive aviation system.
Key Players
The global airport security solutions market Report encompasses the competitive outlook of following major players: Siemens Ag, Thales Group, American Science and Engineering, Inc, Westminster Group PLC, Axis Communications, Scanna MSC Ltd., Bosch Security Systems, RedXDefense LLC, Fisher Research Laboratory, Hitachi Ltd, OSI Systems Inc., MilliVision Technologies, Flir Systems, Tyco International, Saab AB, Robert Bosch LLC, etc.
Key questions answered in Global Airport Security Solutions Market Report
- What is the global airport security solutions market Size by 2025 and what would be the expected growth rate of the industry?
- What is the total revenue per segment and region in global airport security solutions market in 2016-2017 and what would be the expected revenue per segment and region over the forecast period?
- What are the global airport security solutions market trends and recent developments?
- What are the factors which are driving global airport security solutions market?
- What are the major barriers to global airport security solutions market growth?
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