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Market Research Report

Global Airport Security Solutions Market Size, Trends, Opportunity and Demand, and Forecast 2016-2024

Published On : 2018-02-06 Report Page : 290 Category: Hardware and ICT

Global Airport Security Solutions Market 

Market Overview

Megatrends such as rapid urbanization and globalization significantly impacted the society through the ever-increasing movement of people and cargo across the globe. The airport operators face major challenge of efficient accommodation of escalating passenger and cargo traffic. In addition to this, guaranteeing the complete safety and security of passengers, airport assets, staff and infrastructure remains key at all times which forces airport authorities to adopt and implement sufficient and advanced security solutions. Moreover, airports are faces major security threats, including terrorism, unauthorized entry, theft and vandalism, which are the major factors for the growth of airport security solutions market growth across the globe.  

Goldstein Research analyst forecast the global airport security solutions market to expand at a CAGR of 5.1% during the forecast period 2016-2024. Further, the market is anticipated to reach USD 12.9 billion by the end of forecast period owing to growing air passenger traffic and rising threat of terrorism and criminal activities at airports. 

Covered in this global airport security solutions market report

The report covers the present ground scenario and the future growth prospects of the airport security solutions market for 2016-2024 along with the total revenue of airport security solutions market in every region. We calculated the market size and revenue share on the basis of revenue generated per segment, regional and country level. The revenue forecast is given on the basis of number of airport security solutions companies and current growth rate of the market.

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)}
  • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of 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)}
  • Rest of the World{Market Share (%), Market Size (USD Billion))}

Based on technology type, surveillance systems are expected to hold the lion share of the global market throughout the forecast period. Over the forecast period, however, cyber security spending will rise significantly and the segment is likely to grow at fastest pace.

Global Airport Security Solutions Market Outlook 2016-2024, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the global airport security solutions market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global airport security solutions market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

Our global airport security solutions market report comprises of the following companies as the key players in the global airport security solutions market: 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 and Robert Bosch LLC

According to our global airport security solutions market study on the basis of extensive primary and secondary research, one major trend in the market is emergence of IoT (Internet of Things) and technological advancements. Many large international airports have adopted advanced technology. For instance, the self-service check-in kiosk systems installed at the London Heathrow Airport not only improve passenger travelling experience but also to expedite the screening process.

According to the report, major driver in global airport security solutions market is growing air passenger and cargo traffic across the globe, which has significantly augmented the need for efficient airport security systems. Globally two thirds of airports have planned major developments in airport security solutions and IT expenditure is likely to be the top priority by airport operators.

Further, the report states that one challenge in global airport security solutions market is initial high capital investments and the maintenance cost of smart devices and services expected to hinder the market growth.

Geographically, North America accounted for the largest market share with 35% revenue in global airport security solutions market. Asia Pacific is anticipated to be the fastest growing region for airport security solutions market, at a CAGR of +9% during the forecast period attribute to the fastest growing economies in the region and rapidly growing air passenger traffic. Middle East & Africa are the most opportunistic regions owing to growth of tourism industry and reimbursement projects for older airports in the region.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this global airport security solutions market report

  • What is the total market size of airport security solutions market by 2024 and what would be the expected growth rate of the market?
  • What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
  • What are the key market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities for the existing and entry level players?
  • What are the recent developments and business strategy of the key players?

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Global Airport Security Solutions Market Size, Trends, Opportunity and Demand, and Forecast 2016-2024

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