Airport Security Systems Market Overview Analysis:
Airport Security Systems Market was worth US$ xx million in 2020, and it is estimated to reach a valuation of US$ xx million by the end of 2025, expanding at a moderate CAGR.
Airport security includes several methods and techniques used to protect employees, passengers and airplanes from damage, threats and other malicious or accidental crimes. Airport security is a combination of material and human resources to protect private resources from illegal interference. Illegal interference includes interference, terrorism, threats to property and life, misrepresentation of threats and bombings.
Airport Security Systems Market Recent Developments:
Airport Security Systems Industry Growth:
As threats to security grow, demand and investment in technology and systems development are driving the global airport security systems market.
Airport Security Systems Market Drivers:
As the number of passengers and air travel increases, the need for efficient and robust safety mechanisms arises. The threat of criminal attacks and terrorism forced many governments to tighten their security measures. The technological advance and the availability of several solutions have led to the growth of the airport security systems market over the years. The ability of these systems to integrate with multiple platforms has expanded the reach of the industry. Also, automated detection equipment has become widespread due to the reduction of real-time data intelligence and the time of the detection procedure. Many large airports have adopted this trend. The increase in new airport construction activities and infrastructure upgrades offer opportunities for the industry. Besides, security laws are regularly updated and revised to address terrorism or criminal activity. The increased awareness of passengers about technology and the reduction of waiting times is expected to be key trends in the growth of the global airport security systems industry.
The high installation and maintenance costs associated with these systems are hampering the market growth. These systems require constant updates due to the evolution of piracy software to facilitate access to hackers. The reduction of public spending can negatively affect the construction and improvements of new airports. Also, the effectiveness of existing equipment will prevent the operator from choosing a new technical solution.
By System: The global airport security systems market is divided into perimeter security, cybersecurity, surveillance, detection and access control. The surveillance sector is likely to grow at a significant growth rate due to the increase in problems such as product smuggling, terrorist activity and passenger protection. Detection systems are mainly used for inspections of passengers and luggage at airports to avoid transporting items threatened by passengers. The system has a millimetre-wave machine to detect backscatter X-ray systems, passengers and metal detectors. Airports are investing heavily in advanced detection technology to safely block passengers and luggage without physical contact with metallic and non-metallic threats, such as explosives and weapons.
By Type of Airport: The global airport security systems market is divided into green and brownfields.
North America Region is occupying the Market Share:
North America is presumed to occupy an essential part of the market during the forecast period, with the presence of existing players, further infrastructure development and regional air travel. In addition, with the increase in the adoption of international standards, the use of advanced machines to increase safety and security is accelerating market growth during the forecast period.
Europe is expected to experience significant growth, and new regulatory demand departures and entry checks for passengers from countries outside the region of regulations are supposed to affect market growth. This new regulation protects travellers in transportation centers, including airports. EU airports have witnessed a decrease in passenger traffic due to low consumer confidence based on terrorist activities.
The Asia-Pacific region is anticipated to be the fastest-growing region in the market during the forecast period due to increased investment in aviation infrastructure driven by increased air passenger traffic. India and China are among the most prodigious aviation infrastructure spenders in the Asia Pacific region. The increasing incidence of security violations, new construction projects and higher disposable income is expected to boost Asia-Pacific growth in the future.
The new technology development company of Robert Bosch GmbH is expected to help attract customers and expand their geographic location to expand into new businesses.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Airport Security Systems Market, By System
6.1.1 Perimeter Security
6.1.5 Access Control
6.1.6 Market Size Estimations & Forecasts (2019-2024)
6.1.7 Y-o-Y Growth Rate Analysis
6.1.8 Market Attractiveness Index
6.2 Airport Security Systems Market, By Airport Type
6.2.3 Market Size Estimations & Forecasts (2019-2024)
6.2.4 Y-o-Y Growth Rate Analysis
6.2.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By System
7.2.3 By Airport Type
7.3.1 By Country
126.96.36.199 Rest of Europe
7.3.2 By System
7.3.3 By Airport Type
7.4 Asia Pacific
7.4.1 By Country
188.8.131.52 South Korea
184.108.40.206 South East Asia
220.127.116.11 Australia & NZ
18.104.22.168 Rest of Asia-Pacific
7.4.2 By System
7.4.3 By Airport Type
7.5 Latin America
7.5.1 By Country
22.214.171.124 Rest of Latin America
7.5.2 By System
7.5.3 By Airport Type
7.6 Middle East and Africa
7.6.1 By Country
126.96.36.199 Middle East
7.6.2 By System
7.6.3 By Airport Type
8. Key Player Analysis
8.1 Robert Bosch GmbH
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Honeywell International, Inc.
8.3 Smiths Group
8.4 Siemens AG
8.5 L3 Harris Technologies, Inc.
8.6 IBM Corp
8.7 FLIR Systems, Inc.
8.8 Thales Group
8.9 Lockheed Martin Corp
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures