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Global Passenger Security Market to Reach USD 9.55 billion by 2028

09-05-2022 12:57 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: skyquestt

According to the latest research by SkyQuest Technology, the global passenger security market was valued at USD 6.56 billion in 2021, and it is expected to reach USD 9.55 billion by 2028, with a CAGR of 5.5% during the forecast period of 2022 - 2028. The research provides up-to-date passenger security market analysis of the current market landscape, latest trends, drivers, and overall market environment.

An increase in passenger traffic and considerable technological improvements in screening and inspection systems are expected to propel the growth of the passenger security industry in the coming years. The airport authorities are boosting security procedures to monitor potential threats by examining the behaviors and intentions of numerous tourists and visitors to the nation. Due to the high altitude required to fly from one location to another, the aviation sector is more important in terms of ensuring a safe and secure flight duration. Therefore, it is essential to check every passenger carefully before boarding a flight.

The amount of checked baggage compared to unscreened baggage has increased 3% year, according to the Transportation Security Administration (TSA) in the United States.
Read Market Research Report, "Global Passenger Security Market By Equipment (Baggage Inspection Systems, Explosive Trace Detectors, Hand-Held Scanners, Walk-Through Metal Detectors, Full-Body Scanners, Perimeter Intrusion Detection Systems, Video Management Systems, Access Control/Biometric Systems, Bar-Coded Boarding Systems, Cyber Security Solution), End-User (Airport, Sea Port, Railway Station And Others), and Region -Forecast and Analysis 2022-2028" by SkyQuest.

Click Here to Download and Understand Latest Key Trends:
https://skyquestt.com/sample-request/passenger-security-market

The baggage inspection system category controlled a large share of this market. It is anticipated that this industry will continue to hold a dominant position during the course of the predicted time frame. Every airport has a system in place for inspecting traveler luggage to detect or seize any suspicious items, such as weapons, narcotics, or restricted things.

In order to produce high-resolution image processing features and find materials like explosives, illegal drugs, and flammable liquids inside of objects, these screening systems use x-ray machines. Most countries, including the US, are moving toward the use of advanced image detection systems due to their many benefits, including unique semiconductor detection and high-resolution image detection systems.
The airport category currently holds the largest market share, and it is predicted that it will continue to dominate for the foreseeable future.

Due to customers' high demand for air transportation infrastructure, the aviation industry's market size has increased dramatically over the past few years. Our research indicates that the revenue passenger kilometer rose by 4.2% from the previous year. The international passenger market is growing quickly at a rate of 4.1%, and global capacity has increased by 3%.
An increase in air travelers from various countries due to increased disposable income and reasonably priced airline tickets is a significant element driving passenger growth. These elements are anticipated to drive the market during the anticipated time frame.

Report Findings
● Drivers- Security procedures have improved as a result of the increase in aviation passengers and this is bolstering the market growth.
● Restraint- OEM companies are required to create security goods with high-quality hardware and components to reduce the possibility of operational failure. Costs for security system components and production are extremely costly, which raises the price of the final product as a whole.

Speak with our analyst for more information:
https://skyquestt.com/speak-with-analyst/passenger-security-market

What does this Report Deliver?
● Market Estimation for 20+ Countries
● Passenger Security Market demand by Region, Sub-Region, and Country
● Customization on Segments, Regions, and Company Profiles
● 100+ tables, 150+ Figures
● Global, Regional and Country specific Passenger Security Market Trends
● Comprehensive Mapping of Passenger Security Industry Parameters
● Attractive Investment Proposition in the Global Passenger Security Industry
● Competitive Strategies Adopted by Passenger Security Market Key Players
● Drivers, Restraints, Opportunities, Challenges and the impact on the Passenger Security Market Size
● Market growth rate till 2028
● Regulatory scenario, regional dynamics, and Passenger Security market insights of leading countries in each region
● In-depth Market insights by Region and Country
● Market Segmentation Trend Analysis, Opportunities and Growth
● Porter's five force analysis to know the market's condition
● Pricing Analysis and Passenger Security Market Sales
● Parent market analysis
● Product portfolio benchmarking

SkyQuest has segmented the Global Passenger Security Market based on Equipment, End-User, and Region:
● Global Passenger Security Market by Equipment (Revenue, US$ billion, 2021 - 2028)
○ Baggage Inspection Systems
○ Explosive Trace Detectors
○ Hand-Held Scanners
○ Walk-Through Metal Detectors
○ Full-Body Scanners
○ Perimeter Intrusion Detection Systems
○ Video Management Systems
○ Access Control/Biometric Systems
○ Bar-Coded Boarding Systems
○ Cyber Security Solution
● Global Passenger Security Market by End-User (Revenue, US$ billion, 2021 - 2028)
○ Airport
○ Sea Port
○ Railway Station
○ Others
● Global Passenger Security Market by Region (Revenue, US$ billion, 2021 - 2028)
○ North America
■ US
■ Canada
○ Europe
■ Germany
■ France
■ UK
■ Italy
■ Spain
■ Rest of Europe
○ Asia Pacific
■ China
■ India
■ Japan
■ Rest of Asia Pacific
○ Central & South America
■ Brazil
■ Rest of CSA
○ Middle East & Africa
■ GCC Countries
■ South Africa
■ Rest of MEA

Key Players in the Global Passenger Security Market
● Smiths Detection Group Ltd. (UK)
● Honeywell International Inc. (US)
● Orbcomm (US)
● L3 Security & Detection System (US)
● Siemens AG (Germany)
● Rapiscan Systems (US)
● Axis Communication AB (Sweden)
● Bosch Sicherheitssysteme GmbH (Germany)
● Autoclear LLC (US)
● Nutech (China)

About Us:
SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.
Address:
1 Apache Way, Westford, Massachusetts 01886
Phone:
USA (+1) 617-230-0741
Email: sales@skyquestt.com

USA1 Apache Way, Westford, Massachusetts 01886

SkyQuest Technology Group is a Global Market Intelligence, Innovation Management & Commercialization organization that connects innovation to new markets, networks & collaborators for achieving Sustainable Development Goals

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