Airport Security Market Insights, Potential Business Strategies, Mergers and Acquisitions, Revenue Analysis

The availability of diverse security solutions and technological advancements are some of the factors, responsible for the growth of the global airport security market. The capability of security systems to integrate with multiple platforms has extended the growth scope of the global airport security industry. Moreover, the reduced time on screening procedures and real time data intelligence are some of the reasons, due to which, the automated screening equipment are gaining prominence these days. For instance, the self-service screening machine integrated in the London Heathrow Airport has increased the passenger experience and fastened the screening process. Further, the propagation of internet of things (IoT) and smart security solutions are expected to play a key role in the growth of the global airport security market.

The increase in number of new constructions and infrastructure upgrades of airports is expected to be a major growth driver of the airport security market in the forecast period. With the increase in number of smaller cities, new airports are being built as an important part of an integrated transportation strategy, which is estimated to offer lucrative opportunities for the industry. To address any terrorist or criminal activity, security legislations are being implemented worldwide. In response to the gunman attack on a TSA Officer at LAX International airport in the U.S. on 16th September 2015, legislation was passed which mandated the integration of active shooters at all airports in the country. Under the legislation, the operators have been compelled to update their security procedures and remain well informed with the latest technology facilities.

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The access control systems segment of airport security market mainly includes keypads, biometric authentication devices, card readers, and access control for vehicles. The cyber security segment aims at the preservation of critical data and information technology (IT) infrastructure. Such solutions are of vital importance for global distribution system and computer reservations system (GDS/CRS), as well as air traffic control (ATC) information systems. These solutions are expected to experience highest growth rate over the forecast period. The perimeter security segment broadly includes equipment and analytics for perimeter administration and intrusion detection, which includes alarms, gates, sensors, electronic fences, bollards, and others. The screening involves monitoring of people, baggage and cargo, and the detection of proscribed objects, such as weapons, metals explosives, narcotics or liquids. The surveillance segment includes ground radar surveillance, IP and analog video, and video analytics. Other technologies include building management systems (BMS), command control communication & Integration (C3I) and lighting.

Additionally, some of the trends witnessed in the global airport security market are increasing awareness of passengers and reducing queue times for security screening. The technical inconsistencies and existence of security equipment are obstructing the growth of the global airport security market. The replacement and up gradation of outdated security systems and growing aftersales revenues, serve as key opportunities for the growth of the market.

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The increased air and traffic volumes are driving the need for efficient and strong security mechanisms. Terrorism and threat of criminal attacks have impelled various governments to strengthen their security measures. Lockheed Martin Corporation, Robert Bosch GmbH, American Science and Engineering Inc., C.E.I.A. S.p.A., OSI Systems Inc., Siemens AG, Smiths Detection are some of the competitors in the global airport security market.

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