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Airport Security Market Trends That Will Shape the Next Decade: Insights from Technology Advancements For Enhanced Aviation Security
Airport Security
How Large Will the Airport Security Market Size By 2025?
The size of the airport security market has seen a fast-paced increase in recent years. It is projected to escalate from $17.11 billion in 2024 to $19.21 billion in 2025, with a compound annual growth rate (CAGR) of 12.2%. The surge in the historic timeframe can be credited to factors such as terrorism threats, regulatory compliance, increase in passenger count, globalization, and infrastructure development.
How Big Is the Airport Security Market Size Expected to Grow by 2029?
Rapid expansion is anticipated in the airport security market size in the coming years, with a projected value of $29.56 billion in 2029, growing at a compound annual growth rate (CAGR) of 11.4%. The proliferation during the projection period can be associated with growing cyber security threats, airport digitisation, rising investments within the aviation industry, increased tourism and escalating trade activities. Key trends expected during the impending period include strategic alliances, adoption of biometrics, drone detection and mitigation features, cybersecurity incorporations, and multi-modal security.
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Which Key Market Drivers Powering Airport Security Market Expansion and Growth?
The expansion of new airport construction activities and enhancements in facilities are major contributors to the escalation of the airport security market. The term 'airport building operations and facilities improvements' is indicative of advancements in the airport's infrastructure and facilities, encompassing arrivals, departures, check-ins, and airport staff among others. A surging population, heightened air traffic, and a growing need for the modernisation of infrastructure have all spurred an enlargement in new airport building operations and improvements. For instance, in January 2024, Webuild, a construction firm based in Italy, reported that over 5,200 public airports in the United States are undergoing expansions and upgrades to cater to the rising demand for air travel. Hence, the expansion of new airport construction activities and facilities enhancement acts as a catalyst for the growth of the airport security market.
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Which Fast-Growing Trends Are Poised to Disrupt the Airport Security Market?
Aircraft security industry leaders are prioritizing tech advancements such as advanced security technologies as means for gaining a competitive edge and improving their offerings. These advanced security technologies incorporate biometrics, AI, and machine learning to amplify the detection of potential threats such as weapons, explosives, and hazardous materials. A case in point is the Cincinnati/Northern Kentucky International Airport, a US-based public international airport, which in May 2023, introduced new technology at security checkpoints aimed at bolstering security and enriching the passenger experience. This innovative technology, known as Credential Authentication Technology (CAT), is a game-changer in security, guaranteeing near real-time ID authentication, reservation confirmation, and Secure Flight pre-screening status at the airport security checkpoint. CAT serves as a valuable tool for TSA officers, offering augmented fraudulent ID detection capabilities while verifying the identity and flight details of passengers.
What Are the Emerging Segments in the Airport Security Market?
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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Who Are the Global Leaders 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.
Which are the Top Profitable Regional Markets for the Airport Security Industry?
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.
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