Airport Security Market By Analysis By Top Key Player: CEIA USA, Bosch Security and Safety Systems, IBM, G4S PLC, Hitachi, Lockheed Martin, Siemens, Vision-Box

Market Overview: -

Airport Security Market accounted for a revenue of over USD 16 billion over the forecast timespan. Continuous evolution of criminal activities, such as data thefts, cyber-attacks, and hijackings, in terms of technological complexity and method of execution is a major factor driving the airport security market. Rise in terroristic and smuggling attacks has led to governments of various economies to undertake stringent safety measures and protocols for the safeguarding of human life and protection of financial data and consumer trust.

Furthermore, occurrence of these activities can disrupt business for elongated periods of time, making the airport unusable. For instance, in June 2016, mass shooting and bombing attacks at Ataturk Airport in Instanbul was responsible for more than 230 casualties. Rapid industrialisation and globalization has propelled the global passenger traffic. Governments across various regions, primarily in the South-East region, are undertaking large scale construction activities for the development of new and modification of existing airport infrastructure, contributing to the growth of the airport security market.

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Top Key Players: -

The companies operating in the global airport security market include Axis Communication, CEIA, BOSCH Security Systems, IBM Corporation, G4S PLC, Hitachi Ltd, Lockheed Martin Corporation, Scanna MSC Ltd., Siemens AG, Vision-Box, and Thales Group. Hitachi Ltd

Regional Segmentation's: -

The increase in defense and security spending budget is driving the demand of the airport security market in Asia Pacific. Countries experiencing industrialization at a rapid rate, such as India and China, experience high passenger traffic per day. To reduce the inconvenience to travelers, governments in the region are increasingly embracing technologies such as biometrics and full body x-ray scanners that reduce the passenger wait times and speed up the security processes.

Tourism and large-scale business development is anticipated to drive the airport security market in the Middle East and Africa region. There is a substantial increase in internal and religious conflict and the need for advanced systems to cater to the increasing traveller population encountered per day. For instance, in 2015 the Abu Dhabi airport had deployed the automated document authentication systems to help the passengers in scanning their mobile or home-printed or traditional boarding pass and further speed up the validation process and reduce queue waiting times.

Partial Chapter of the Table of Content

Chapter 1. Methodology and Scope

1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definition and forecast parameters
1.2. Data Sources
1.2.1. Primary
1.2.2. Secondary

Chapter 2. Executive Summary

2.1. Airport Security industry 3600 synopses, 2013 - 2024
2.1.1. Business trends
2.1.2. Regional trends
2.1.3. Technology trends

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The screening application segment of the airport security market is anticipated to dominate in terms of revenue during the forecast timespan. Various governments, in light of rising attacks, have initiated stringent baggage and traveller scanning protocols. For instance, the Liquids Rule issued by the Transportation Security Administration in the U.S restricts the quantity of fluids in hand-held baggage. This is to dissuade terrorist attacks from the carriage of corrosive and acidic liquids that can pose a security threat.

The rising trend of IoT technology has further fuelled the demand for airport security market. For instance, Birmingham Airport has implemented a solution that accurately measure queues and predict waiting times. These technologies, which include RFID baggage reconciliation systems, e-gates, and more. Smart technologies, however, owing to their increased dependence on the internet, are more susceptible to thefts and hacking attacks.

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