Press release
Global Airport Security Market Projected to Surpass $29.56 Billion by 2029 with 11.4% Annual Growth
Airport Security Market Size
The airport security market is expanding due to the surge in new airport construction and upgrades in airport facilities. These terms encompass enhancements in airport infrastructure and amenities including arrival, departure, check-in, and airport staff services. Population growth, rising air traffic, and the escalating demand for infrastructure modernization have collectively led to an upswing in new airport construction and facilities advancements. As reported by Webuild, a construction firm based in Italy, as of January 2024, over 5,200 public airports in the United States are undergoing modernization and expansion to meet the growing need for air travel. Consequently, the evolution of new airport construction projects and advancements in facilities is propelling the growth of the airport security market.
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What growth opportunities are expected to drive the airport security market's CAGR through 2034?
The tremendous growth in size of the airport security market in recent years is noteworthy. Starting at a value of $17.11 billion in 2024, it is projected to surge to $19.21 billion in 2025, with a compound annual growth rate (CAGR) of 12.2%. Factors fueling the historic growth period include increasing terrorism threats, stringent regulatory compliance, growing passenger volume, expanding globalization, and infrastructure development.
The market size for airport security is set to witness a significant surge in the upcoming years, escalating to $29.56 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 11.4%. Factors contributing to this expansion during the forecasted period include an increase in cyber security threats, the digital revolution in airports, a surge in investments in the aviation industry, tourism growth, and a boost in trade. Influential trends during this period will encompass strategic partnerships, integration of biometrics, the detection and mitigation of drones, the integration of cybersecurity, and multi-modal security.
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What are the emerging trends shaping the future of the airport security market?
Leading aircraft security corporations are concentrating on technological advancements such as Advanced security technologies as a strategy to outperform their competition and bolster their product portfolio. These advancements, which include biometrics, AI, and machine learning, consolidate the detection capabilities of potential risks including weapons, explosives, and dangerous substances. An exemplification of this was in May 2023, when Cincinnati/Northern Kentucky International Airport, a public international airport in the US, implemented innovative technology at their security checkpoints to augment safety measures and improve passenger experience. This revolutionary technology, known as Credential Authentication Technology (CAT), is considered a game-changer in security, guaranteeing almost immediate ID validation, reservation verification, and Secure Flight pre-screening status at airport security checkpoints. CAT proves to be an instrumental resource for TSA officers, enhancing their ability to spot fraudulent IDs while simultaneously verifying passenger identity and flight details.
Which growth-oriented segments of the airport security market are leading the industry's development?
The airport security market covered in this report is segmented -
1) By Technology: Access Control, Cybersecurity, Perimeter Security, Screening and Scanning, Surveillance, Real-Time Locating System (RTLS), Other Technologies
2) By System: Metal Detectors, Fiber Optic Perimeter Intrusion, Backscatter X-Ray Systems, Cabin Baggage Screening Systems, Other Systems
3) By Application: Civilian and Commercial Airport, Military Airport
Subsegments:
1) By Access Control: Biometric Systems, Card-Based Systems, Keypad Entry Systems
2) By Cybersecurity: Network Security, Cloud Security, Endpoint Security
3) By Perimeter Security: Fencing, Intrusion Detection Systems, Ground Radar Systems
4) By Screening and Scanning: X-Ray Scanners, Full-Body Scanners, Explosive Detection Systems (EDS), Metal Detectors
5) By Surveillance: CCTV Cameras, Thermal Imaging Cameras, Video Analytics
6) By Real-Time Locating System (RTLS): RFID-Based Systems, GPS-Based Systems, Bluetooth-Based Systems
7) By Other Technologies: Command and Control Systems, Communications Systems, Data Analytics Systems
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What regions are leading the charge in the airport security market?
North America was the largest region in the airport security market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the airport security market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What companies are at the forefront of innovation in the airport security market?
Major companies operating in the airport security market include American Science and Engineering Corp., Bosch Corporation, CEIA S.p.A., Hitachi Electronic Devices (USA) Inc., L-3 Communications Holdings Inc., Lockheed Martin Corporation, OSI Systems Inc., Safran Morpho Inc., Siemens AG, Smiths Detection Inc., Auto Clear LLC, Analogic Corporation, Bruker Corporation, Nuctech Company Ltd., MilliVision Technologies LLC, G4S Secure Solutions (USA) Inc., Securitas AB, Covenant Aviation Security LLC, ICTS Europe Holdings BV, Allied Universal Corporation, SM Group (America) Inc., Vantage Airport Group Ltd., Rapiscan Systems Inc., L3Harris Technologies Inc., IDEMIA Identity & Security USA LLC, Argus Global LLC, Clear Channel Airports Inc., Leidos Inc., Vision-Box Inc., Rohde & Schwarz USA Inc.
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What Is Covered In The Airport Security Global Market Report?
•Market Size Forecast: Examine the airport security market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the airport security market for a structured understanding.
•Key Players Overview: Analyze major players in the airport security market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the airport security market.
•Segment Contributions: Evaluate how different segments drive overall growth in the airport security market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the airport security market.
•Industry Challenges: Identify potential risks and obstacles affecting the airport security market.
•Competitive Landscape: Review strategic developments in the airport security market, including expansions, agreements, and new product launches.
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