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Airport Security Market 2026 – Regional Outlook, Market Growth & Share Analysis Report: Lockheed Martin Corporation, Raytheon Co., Boeing Co., Northrop Grumman Corp., Booz Allen Hamilton Inc., BAE systems plc., and General Dynamics Corporation

06-21-2019 04:18 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Worldwide Market Reports

Airport Security

Airport Security

With the increase in security threats, the demand and investment for development of technologies and systems for the aviation security market is expected to experience substantial growth over the forecast period. Growing threats of cross border terrorism, human trafficking, piracy, smuggling, drug trade have led to stringent security at airports worldwide. Need for providing access control to critical infrastructure and growing demand for effective immigration control have increased demand for fixed surveillance devices and biometric identification technologies.

Replacement of obsolete security equipment to satiate stringent international security requirements have considerably driven the demand for installation of advanced aviation security devices. Advancements in screening technologies and security infrastructure are expected to favorably impact the market growth. Discrepancy in the government regulations and budget restraints can pose a challenge to the aviation security market.

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North America and Europe are expected to be key adopters of technologically advanced airport security equipment due to implementation of high degree security protocols to counter growing terrorism threats and prevent the relapse of loopholes which led to the 9/11 attacks. Aviation security has gained prominence in Asia Pacific and the Middle East due to substantial increase in air passenger volume.

Typical equipment used in the aviation security industry includes Explosives Trace Detectors (ETD), automated border control, baggage & cargo x-ray scanners, explosives detection systems, liquid explosive detectors, metal detectors, airport perimeter security, ground radar surveillance, and multi modal security systems.

Key aviation security market players include Lockheed Martin Corporation, Raytheon Co., Boeing Co., Northrop Grumman Corp., Booz Allen Hamilton Inc., BAE systems plc., and General Dynamics Corporation.

Raw market data is obtained and collated on a broad front. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. For comprehensive understanding of the market, it is essential to understand the complete value chain and in order to facilitate this; we collect data from raw material suppliers, distributors as well as buyers.

Technical issues and trends are obtained from surveys, technical symposia and trade journals. Technical data is also gathered from intellectual property perspective, focusing on white space and freedom of movement. Industry dynamics with respect to drivers, restraints, pricing trends are also gathered. As a result, the material developed contains a wide range of original data that is then further cross-validated and authenticated with published sources.

Our market estimates and forecasts are derived through simulation models. A unique model is created customized for each study. Gathered information for market dynamics, technology landscape, application development and pricing trends is fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression and time series analysis. Market forecasting is performed via a combination of economic tools, technological analysis, and industry experience and domain expertise.

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About WMR

Worldwide Market Reports is your one-stop repository of detailed and in-depth market research reports compiled by an extensive list of publishers from across the globe. We offer reports across virtually all domains and an exhaustive list of sub-domains under the sun. The in-depth market analysis by some of the most vastly experienced analysts provide our diverse range of clients from across all industries with vital decision making insights to plan and align their market strategies in line with current market trends.

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