Airport Security Market Share, Growth, Analysis, Statistics, Trends, Forecast Report, 2023
Increasing investment to upgrade legacy or disparate systems may further drive the airport security market growth in the future. Infrastructure development and growing number of new airports in Asia Pacific region including India and China offers ample opportunities for the industry. Moreover, enhancement of security technology that offers operators with better situational awareness greater efficiency, and increased security is anticipated to contribute to the airport security market size.
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Growing number of safety threats are compelling airports to become highly vigilant and are dictating the requirement for smarter security solutions. Such factors are driving investments towards the development of screening and identification technologies such as biometrics, RFID and prototype screening devices among others.
Key insights from the report include:
• Airport cybersecurity market accounted for over 20% of the global demand in 2015. Increasing terrorism, and smuggling of premium goods has propelled the segment growth. Growing demand for airline security to avoid the serious disruptions through cyber-attacks may enhance the airport security market revenue.
• Screening technology was worth over USD 4 billion in 2015. Increasing adoption owing to the presence of the advanced features including metal detectors, X-ray machines and protection from sudden attack is fueling the technology demand. The ability to screen individuals and luggage to identify endangered material will positively impact the airport security market share.
• Asia Pacific is anticipated to witness significant growth owing to the attractive India and China airport security market share and growth prospects. The region accounted for over 25% of the global revenue in 2015. Economic growth and improving infrastructure are driving demand for advanced security solution in the region. Middle East & Africa airport security market size is expected to witness notable growth due to the rise in the vulnerabilities and undesirable attacks in the countries including Saudi Arabia and the UAE.
• Prominent players in the airport security market include Smiths Detection, Safran Morpho, OSI Systems (Rapiscan), L-3 Security & Detection, and American Science & Engineering. Other notable players include, Bosch Security Systems, AutoClear LLC, CEIA, and Lockheed Martin. Technological innovations and increase in R&D expenditure are among the key strategies adopted by participants to offer differential solutions to maximize market share.
• Owing to the emerging new threats and stringent government regulations, airports need planning coupled with the obligatory infrastructure to drive actionable intelligence. Such developments have led to the shift towards IP based networked and integrated platforms. These platforms help airports to reduce overall IT associated cost and the requirement for training.
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Table of Contents
Chapter 1 Methodology & Scope
1.1 Research Methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.1.4 Research scope and assumptions
1.2 List of Data Sources
1.2.1 Secondary sources
1.2.2 Primary sources
Chapter 2 Executive Summary
2.1 Airport security market 3600 synopsis, 2012 – 2023
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Application trends
Chapter 3 Airport Security Industry Insights
3.1. Market segmentation
3.2. Industry size, forecast and growth expectations, 2012 - 2023
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.4. Regulatory landscape
3.5. Airport security market dynamics
3.5.1. Growth drivers
184.108.40.206 Need to combat criminal activity
220.127.116.11 Growing passenger volume
18.104.22.168 Airport construction and upgrade activities
3.5.2. Industry pitfalls and challenges
22.214.171.124 Budgetary constraints
126.96.36.199 Effective installed equipment base
3.6. Key growth opportunities
3.7. Porter's analysis
3.8. Key competitor analysis, 2015
3.8.1. Airport security screening company market share, 2015
3.8.2. Company strategy overview
3.9. PESTEL analysis
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