01-04-2019 05:01 AM CET - Business, Economy, Finances, Banking & Insurance

Airport Security Market Development Analysis 2024 With Key Players Axis Communications, Bosch Security and Safety Systems, FLIR Systems, G4S, Hitachi, IBM, Lockheed Martin, Safran, Siemens, Smiths Detection, Thales and Leidos

Press release from: Global Market Insights, Inc.
Airport Security Market
Airport Security Market
Airport Security Market is mainly driven by the the increase in the traveler populations, primarily in the Middle East and Asia Pacific. Large scale globalization and rapid industrialization is driving the movement of goods and people across country borders. Owing to this, airports in urban locations are increasingly experiencing high passenger traffic causing governments of varying economies to undertake massive projects for the upgrade of existing technologies and the development of new airports. In the aftermath of the 9/11 attacks, the U.S government has increased the stringency of security procedures in and around the aircraft and passenger areas. The worldwide Airport Security Market size is expected to reach USD 16 billion by 2024.

High penetration of these solutions is due to the demand for advanced security systems such as biometrics in identity and access monitoring, contactless entryway checkpoints, x-ray scanners, and thermal cameras. Conventional security measures employ invasive procedures and protocols such as physical checks and body pat-downs which are highly uncomfortable. To boost passenger convenience, airport security market vendors are investing in R&D activities for the development of technologies such as x-ray scanners. In high-risk settings, preventive measures are required over reactive technologies. In such cases, it is essential to track and forecast security threats in contrast to taking measures to fix the issues after their occurrence.

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Airport security market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2013 to 2024, for the following segments:

Airport Security Market, By Technology

• Access Control
• Cybersecurity
• Perimeter Security
• Screening
• Surveillance
• Others

Key Market Competitors:
1. American Science and Engineering, Inc.
3. Axis Communications
4. Bosch Security and Safety Systems
6. Fisher Research Laboratory Inc
7. FLIR Systems
8. G4S
9. Hitachi
10. IBM
11. L3 Security & Detection Systems
12. Lockheed Martin
13. Millivision Inc
14. OSI Systems
15. RedXDefense, LLC
16. Safran
17. Scanna
18. Siemens
19. Smiths Detection
20. Thales
21. Westminster Group plc
22. Leidos

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The rising penetration of smart technologies and IoT in airports is fueling the demand for airport security market. These include technologies such as remote check-ins, sensor equipment, e-gates, RFID baggage reconciliation systems, etc. A major portion of the data is collected in real-time and stored in large central databases. The presence of security issues in such cases can leave the data vulnerable to attacks from internal and external parties. Wireless tracking technologies, for instance, can allow a hacker to utilize triangular algorithms or Received Signal Strength Indication (RSSI)

Information to track the location of the Wi-Fi end-point user and unearth historical data such as the route taken by the users, purchasing data, etc.
The airport surveillance system market is anticipated to exhibit substantial growth during the forecast time-period. These systems are required to be functional at all times and sense multiple movements occurring at varying ranges. Additionally, these systems are supposed to function effectively in intense environmental conditions such as fog and storms and capture images in reduced visibility settings. The advent of 4K cameras and video units has revolutionized the airport security market owing to their sharper and improved image quality and provide coverage for a wider area.

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The North America airport security market is anticipated to dominate in terms of revenue in the following years. This is mainly attributed to the high emphasis of the U.S government on security measures such as surveillance cameras and cyber security solutions. The Transportation Security Administration (TSA) has launched the testing of 3D checkpoint scanning technology at the Phoenix Sky Harbor and the Logan International Airport. The computed tomography screening equipment improves the threat detection capabilities by providing a more through 3D image of the screened cargo.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Corporate Sales, USA
Global Market Insights, Inc.
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