Passenger Security Equipment Market To Grow $79,042 Million By 2023

The global passenger security equipment market is expected to reach $79,042 million in 2023, from $43,398 million in 2016, growing at a CAGR of 8.9% from 2017 to 2023. Passenger security refers to a technique, which helps them protect from accidentals harms, crimes, and other threats. Such procedures help the government to avoid any crimes and allow passengers to travel from one place to another without any harm. Honeywell International, Orbocomm, and L-3 Communications are some of the leading key players of the passenger security equipment market.

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Increase in terror attacks on public transport infrastructures drives the passenger security equipment market growth. Further, rise in demand of biometrics technologies for identity verification by the government also fuels the market growth. However, high installation cost is anticipated to hinder the passenger security equipment market during the forecast period.

Based on type, the global passenger security equipment market is categorized into baggage inspection system, explosive detection system, video surveillance, intrusion detection and prevention system, fire safety & detection system, people screening systems, and others. The people screening systems segment dominated the global passenger security equipment market, in terms of revenue, and is expected to maintain this trend.

Honeywell International, Orbocomm, L-3 Communications, Kapsch, Siemens AG, Rapiscan Systems, Rockwell Collins, Safran Group, Raytheon Group, and Smiths Group are some of the leading key players of global passenger security equipment market.

KEY MARKET SEGMENTS

BY TRANSPORT INFRASTRUCTURE

• Airports
• Train Stations
• Bus Stations
• Seaports

BY TYPE

• Baggage Inspection System
• Explosive Detection System
• Video Surveillance
• Intrusion Detection and Prevention System
• Fire Safety & Detection System
• People Screening Systems
• Others

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BY REGION

• North America
• U.S.
• Mexico
• Canada
• Europe
• UK
• Germany
• France
• Rest of Europe
• Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
• LAMEA
• Latin America
• Middle East
• Africa

KEY PLAYERS

• Honeywell International
• Orbocomm
• L-3 Communications
• Kapsch
• Siemens AG
• Rapiscan Systems
• Rockwell Collins
• Safran Group
• Raytheon Group
• Smiths Group

The other players in the value chain include (profiles not included in the report):

• Anixter
• Avigilon
• Harris
• HID Global
• Lockheed Martin
• Northrop Grumman

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Table Of Content

• CHAPTER 1 INTRODUCTION
• CHAPTER 2 EXECUTIVE SUMMARY
• CHAPTER 3 MARKET OVERVIEW
• CHAPTER 4 PASSENGER SECURITY EQUIPMENT MARKET, BY TRANSPORT INFRASTRUCTURE
• CHAPTER 5 PASSENGER SECURITY EQUIPMENT MARKET, BY TYPE
• CHAPTER 6 PASSENGER SECURITY EQUIPMENT MARKET, BY GEOGRAPHY
• CHAPTER 7 RELATED INDUSTRY INSIGHTS
• CHAPTER 8 COMPANY PROFILES

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