IMARC Group, a leading market research company, has recently released a report titled “Airport Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The study provides a detailed analysis of the industry, including the global airport security market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the airport security market?
The global airport security market size reached US$ 13.39 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 20.96 Billion by 2028, exhibiting a growth rate (CAGR) of 7.67% during 2023-2028.
Airport Security Market Overview?
Airport security encompasses a range of protective measures aimed at safeguarding passengers, airport personnel, and aircraft from potential threats and dangerous incidents. These measures comprise a diverse array of protocols and technologies that oversee, manage, and regulate the flow of individuals and cargo, spanning from physical inspections to cutting-edge digital solutions. These processes encompass tasks like screening of personnel, scrutinizing luggage, deploying surveillance systems, enforcing access controls, implementing biometric authentication, fortifying cybersecurity, and other methods, all put in place to mitigate risks and potential threats. Moreover, its overarching objective is to uphold the operational integrity of aircraft, ensuring their safety from the point of departure to arrival, while deterring activities such as terrorism, contraband transportation, and other illicit interventions. In the contemporary era, airport security has advanced into a complex network that harnesses state-of-the-art technologies, including Artificial Intelligence (AI), biometrics, and advanced surveillance systems.
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What are the growth prospects and trends in the airport security industry?
The global market is primarily being propelled by the increasing number of airports. This trend is reinforced by the growing concerns about terrorism and cyber threats, necessitating ongoing enhancements in airport security measures. With the continuous growth of air travel on a global scale, there is a growing emphasis on ensuring passenger safety, which is driving substantial investments in the airport security sector. Furthermore, the widespread adoption of ‘smart airports’ that employ IoT (Internet of Things) and data analytics for security optimization is significantly bolstering the market. Additionally, the enforcement of strict security standards by both international and national regulatory bodies is further fueling the demand for airport security. Beyond this, the increasing adoption of contactless security systems, accelerated by the imperative for reduced contact procedures due to the COVID-19 pandemic, is making a valuable contribution to the market. Moreover, technological advancements like AI-powered surveillance, biometric identification, and integrated security solutions are generating a positive outlook for the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
Market Breakup by Type:
- Access Control
- Cyber Security
- Security
- Screening
- Surveillance
- Others
Market Breakup by Technology:
- RFID
- Biometrics
- 3D scanning
- Others
Market Breakup by Equipment Type:
- Metal Detector
- Backscatter X-Ray System
- Cabin Baggage Screening Systems
- Others
Market Breakup by Airport Type:
- Civil airports
- Military/Government Airports
- Private Airports
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Hangzhou Hikvision Digital Technology Co. Ltd.
- Honeywell International Inc.
- OSI Systems Inc.
- Pelco Incorporated (Motorola Solutions Inc.)
- Pure Tech Systems
- Robert Bosch GmbH
- Smiths Group Plc
- Thales Group
- Westminister Group Plc
- Zhejiang Dahua Technology Co.
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