Global Airport Security Market To Expand Moderately At A CAGR Of 6% During the Forecast Period Of 2018-2023
Rise in terrorist activities and import and export of illegal drugs and others are leading to the rise in demand for enhanced security system on airports. It includes various technologically advanced systems that are utilized to safeguard the staff members, passengers and aircraft from threats, malicious activities and violence.
Market Research Future (MRFR) has published a report asserting that the global airport security market is marked to expand at a moderate CAGR of 6% during the forecast period of 2018-2023.
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The leading players profiled by MRFR that are operating in the global airport security market are-
- American Science and Engineering Inc. (the U.S.)
- Autoclear LLC (the U.S.)
- C.E.I.A. SpA (the U.S.)
- FLIR Systems Inc. (the U.S.)
- L3 Security & Detection Systems (the U.S.)
- OSI Systems Inc. (the U.S.)
- Robert Bosch LLC (the U.S.)
- Siemens AG (Germany)
- Smiths Detection LLC (the U.S.)
- Westminster Aviation Security Services Ltd. (the U.K).
Recent Industry Updates:
In November 2018, the Interdisciplinary Center for Security, Reliability and Trust (SnT) from the University of Luxembourg has successfully tested a high-tech airport security system at Luxembourg airport.
In November 2018, it has been announced that facial recognition system and other biometric screening are introduced for security purposes at the Dallas Fort Worth airport.
Market Drivers and Restraints:
Increased adoption of advanced technology for enhancing the security scanning on airports is majorly propelling the growth of the global airport security market. The inclusion of various systems and technologies such as metal detectors, x-ray scanners, explosive detectors, biometrics, intrusion detectors, 3D scanners and others and stringent government regulations regarding strengthening the airport security due to increased terrorist activities are also fueling the growth of the global airport security market. However, the high cost related to the installation and maintenance of advanced security systems at the airports are likely to restrain the growth of the global airport security market during the forecast period.
The global airport security market has been segmented on the basis of type, systems & equipment and technology. Based on type, the airport security market has been segmented into access control, cybersecurity, perimeter security, screening, surveillance and others. Based on system & equipment, the airport security market has been segmented into metal detectors, fiber optic perimeter intrusion detection system, backscatter X-ray systems, explosives and narcotics trace detector, cabin baggage screening systems and others. Based on technology, the airport security market has been segmented into radio-frequency identification (RFID), biometrics, 3D scanning and others. Among these, the 3D scanning technology command for the major share in the global airport security market owing to the multiple benefits provided by 3D scanning systems in security scanning.
Geographically, the global airport security market has been segmented into five major regions such as North America, Europe, Latin America, and the Middle East and Africa. The North America region commands for the maximum share in the global airport security market owing to the stringent regulatory framework imposed by the government and high-security standards under Transportation Security Administration (TSA) as a result of increased terrorist activities in this region. The Europe region is marked to expand at a significant growth rate in the global airport security market due to increased adoption of technologically advanced systems for enhanced airport security in this region. The Asia Pacific region is anticipated to project fastest growth in the global airport security market owing to the increased construction activities of airports and necessity of advanced security systems on airports due to increased terrorist activities in this region. Rise in number of air travelers is leading to the noteworthy growth of the airport security market in Latin America and the Middle East and Africa regions.
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Table of Contents
1. Executive Summary
2. Scope of the Report
2.1. Market Definition
2.2. Scope of the Study
2.2.2. Research Objective
2.3. Research Process
2.3.1. Primary Research
2.3.2. Secondary Research
2.4. Market Size Estimation
2.5. Forecast Model
3. Market Landscape
3.1. Porter’s Five Forces Analysis
3.1.1. Threat of New Entrants
3.1.2. Bargaining Power of Buyers
3.1.3. Threat of Substitutes
3.1.4. Segment Rivalry
3.1.5. Bargaining Power of Supplies
3.2. Value Chain/supply Chain Analysis
4. Market Dynamics
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Market Trends
List Of Tables
Table 1 Global Airport Security Market: By Region, 2018-2023
Table 2 North America: Airport Security Market: By Country, 2018-2023
Table 3 Europe Airport Security Market: By Country, 2018-2023
Table 4 Asia-Pacific Airport Security Market: By Country, 2018-2023
Table 5 RoW Airport Security Market: By Country, 2018-2023
Table 6 Global Airport Security Market, By Systems & Equipment, By Regions, 2018-2023
Table 7 North America: Airport Security Market, By Systems & Equipment, By Country, 2018-2023
Table 8 Europe Airport Security Market, By Systems & Equipment, By Country, 2018-2023
Table 9 Asia-Pacific Airport Security Market By Systems & Equipment, By Country, 2018-2023
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