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Airport Passenger Security Market 2027 – COVID-19 Impact and Global Demand By Smiths Detection Group Ltd., SITA, Siemens, Honeywell International

06-10-2021 01:10 PM CET | Logistics & Transport

Press release from: Allied Market Research

Airport Passenger Security Market

Airport Passenger Security Market

Airport Passenger Security Market Outlook – 2027

The global airport passenger security market is expected to witness a steady growth, owing to increase in the terror attacks on public transport infrastructures in the future.Airport passenger security includes various methods (RCMP andpre-board screening) to protect airline passengers from several malicious harm, threats, and other crimes. Several passenger security equipment are being installed in various airports across the globe. Such systems are helpful in monitor and scanning of passengers & their luggage. For instance, explosive & intrusion detectors are used to control threats of smuggling and drug trade. Such passenger security systems are also essential to avoid loss of assets & disruption of businesses. Airport passenger security includes to protect airport & country from possible threatening events and assuring the safety of travelling passenger.

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COVID-19 Scenario analysis:

Due to COVID-19 situation, the supply chain of spare parts of aircraft passenger security systems has been hampered because of the declared lockdowns across the globe.

Due to COVID-19, lockdown of airports worldwide and halt of all activities inside airports have lessen the opportunities for airport passenger security industries and their business development potential has been negatively impacted.

Considerable rise in demand in the airport passenger security market is expected in near future as world is moving toward normalcy.

Revenues of airline companies are expected to decline by 55% in 2020 compared to 2019 because of travel restrictions due to COVID-19 crisis. Such decline in airline companies’ revenue, may have direct impact on global aircraft passenger security market.

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Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

Rise in number of air passengers globally, technological advancements, and availability of diverse solutions are some of the factors that drive the growth of the global airport passenger security market. However, increase in cybersecurity risk may hinder the airport passenger security market growth. Increase in the use of data analytics, video management software, and artificial intelligence may contribute further in the growth of the airport passenger security market in the future.

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Rise in number of air passengers globally

Rise in global air passenger traffic is leading to the expansion of existing airports and construction of new airports. For instance, in 2018, approx. 50 airports in the U.S.has spent an estimated 70 billion USD for the expansion of existing airports and construction & development of new airports. Further,according to the Economic Times, India is also expected to increase 100 airports in the coming 15 years to cope with rise in air passenger movement. Such expansion & development of new airports will generate the need of airport passenger security equipment and hence will drive the growth of the market.

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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