Passenger Security Market Poised for 8 % Growth, Set to Hit $9.06 Billion by 2029

What industry-specific factors are fueling the growth of the passenger security market?
The passenger security market is projected to expand due to increased passenger traffic. This refers to the cumulative count of individuals using various modes of transportation, such as buses, boats, or airplanes, to move from one location to another. This upswing in passenger movement necessitates stronger security protocols for their safety. Airport security plays a crucial role in ensuring this during transit. For example, the International Civil Aviation Organization, a US agency responsible for managing international air navigation, reported in May 2022 that from January to April 2022, global air passenger numbers saw a 65% hike compared to the same period in 2021, accompanied by a 30% increase in aircraft departures. Concurrently, the count of available airline seats surged by 32%. As such, this upsurge in passenger traffic is catalyzing the expansion of the passenger security market.

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What Is the projected market size and growth rate for the passenger security market?
Recent years have seen a substantial increase in the size of the passenger security market. It is projected to increase from $6.44 billion in 2024 to $6.78 billion in 2025, with a compound annual growth rate (CAGR) of 5.3%. Factors contributing to past growth include heightened awareness of security incidents, the public's increasing demand for safety, advancements in passenger screening techniques, strategic adjustments in the realm of security, and the implementation of new screening protocols.

In the next few years, the passenger security market is projected to witness substantial growth, swelling to "$9.06 billion by 2029 with a 7.5% compound annual growth rate (CAGR). Factors contributing to this upsurge during the forecast period include the rise in air travel, emphasis on detecting threats, utilization of biometric solutions, worldwide events influencing security, and integration of health screening. Prominent trends in the forecast period consist of sharing threat intelligence and information, recognition through biometric identification, advanced screening methods, behavioral analysis, and the use of AI and machine learning.

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What new trends are reshaping the passenger security market and its opportunities?
The escalating trend of technological evolution is becoming more and more prominent in the passenger security sector. Major players in this market are striving to devise novel technologies to maintain their market standing. In a case in point, the Thales Group, a French firm that specializes in security management solutions for airport infrastructure and passengers, introduced HELIXVIEW, a revolutionary airport scanner, in June 2022. This innovative Explosive Detection System for Cabin Baggage (EDS CB) allows passengers to leave their belongings unattended. Utilizing electronic scanning powered by X-ray nanotechnology along with 3D image reconstruction, this next-gen, C3 compliant HELIXVIEW scanner, blends Thales' proficiency in artificial intelligence (AI) and cybersecurity to offer a pioneering, cost-effective solution for airports.

What major market segments define the scope and growth of the passenger security market?
The passenger security market covered in this report is segmented -

1) By Solution: Baggage Inspection Systems, Video Management Systems, Access Control Or Biometric Systems, Cybersecurity Solutions, Hand-Held Scanners, Full-Body Scanners, Explosive Trace Detectors, Walk-Through Metal Detectors, Perimeter Intrusion Detection Systems, Bar-Coded Boarding Systems
2) By Investment: New Demand, Replacement Demand
3) By End User: Commercial Airports, Seaports, Railway Stations

Subsegments:
1) By Baggage Inspection Systems: X-Ray Baggage Scanners, Computed Tomography (CT) Systems
2) By Video Management Systems: Surveillance Cameras, Video Analytics Software
3) By Access Control Or Biometric Systems: Card-Based Access Control, Fingerprint Recognition Systems, Facial Recognition Systems
4) By Cybersecurity Solutions: Firewall Solutions, Intrusion Detection Systems
5) By Hand-Held Scanners: Metal Detectors, Explosive Detection Scanners
6) By Full-Body Scanners: Millimeter Wave Scanners, Backscatter X-Ray Scanners

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Which region dominates the passenger security market?
North America was the largest region in the passenger security market in 2024. The regions covered in the passenger security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Which key market leaders are driving the passenger security industry growth?
Major companies operating in the passenger security market include Honeywell International Inc., Indra Sistemas S.A., Robert Bosch GmbH, Teledyne FLIR LLC, Autoclear LLC, Smiths Detection Group Limited, Adani Systems Inc., Advanced Perimeter Systems Limited, SITA - Société Internationale de Télécommunications Aéronautiques, Navtech Radar Ltd., NEC Corporation, OSI Systems Inc., Thales Group, Swissport International AG, Wabtec Corporation, Securitas Transport Aviation Security Ltd., G4S plc, ICTS Europe Systems BV, Allied Universal Security Services LLC, Prosegur Compañía de Seguridad S.A., Brink's Company, ADT Inc., Secom Co. Ltd., American Airlines Group Inc., Delta Air Lines Inc., United Airlines Holdings Inc., Southwest Airlines Co., Air France-KLM SA, Deutsche Lufthansa AG, The Emirates Group, Qatar Airways Group Q.C.S.C., Cathay Pacific Airways Limited, Singapore Airlines Limited, Japan Airlines Co. Ltd., Korean Air Lines Co. Ltd., China Southern Airlines Company Limited, Air China Limited, Turkish Airlines Inc.

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What Is Covered In The Passenger Security Global Market Report?

• Market Size Forecast: Examine the passenger security market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the passenger security market for a structured understanding.
• Key Players Overview: Analyze major players in the passenger security market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the passenger security market.
• Segment Contributions: Evaluate how different segments drive overall growth in the passenger security market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the passenger security market.
• Industry Challenges: Identify potential risks and obstacles affecting the passenger security market.
• Competitive Landscape: Review strategic developments in the passenger security market, including expansions, agreements, and new product launches.

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