Growing number of travelers, new airports, and increasingly stringent security mandates are the major growth drivers for the Global Airport Security Market. Get insights from Aranca's Business Research Experts.
Just Call Vip call girls Mysore Escorts ☎️9352988975 Two shot with one girl (...
Global airport security market
1. Source: Airport Security Market Analysis Market 2015-2022, Grand View Research; Global Airport Security Market 2015–2023, Global Market Insights Inc.
Global airport security market is anticipated to
expand at a CAGR of approximately 4.6% and reach
~$11.0 Bn by 2020
Global Airport Security Market Size
Figures in USD Billion I 2015–2020
8.8
9.2
9.7
10.1
10.6
11.0
2015 2016F 2017F 2018F 2019F 2020F
CAGR: 4.6%
Global Airport Security Market – By Region
North America
(35%) accounts
for majority of
Global Airport
Security Market
2. Source: Airport Security Market Analysis Market 2015-2022, Grand View Research; Global Airport Security Market 2015–2023, Global Market Insights Inc.
Technology Technology Details
Access control systems
It includes card readers, keypads, biometric authentication devices and
access control for vehicles.
Cyber security solutions
These solutions are aimed at preservation of critical data and IT
infrastructure. This technology is expected to register a CAGR of 6% over
the next five years.
Perimeter security
It broadly includes equipment and analytics services for intrusion
detection and perimeter supervision. The technology involves the usage
of alarm systems, sensors, electronic fences, gates and bollards.
Screening solutions
Screening technology accounted for approximately 45% of the airport
security market share in 2015. These solutions are used in monitoring
people, baggage and cargo for the detection of proscribed objects such as
weapons, explosives, narcotics, metals or liquids.
Surveillance systems
It includes Internet Protocol (IP) and analogue video, ground radar
surveillance and video analytics.
Global Airport Security Market Technologies
Key Players
3. Source: Airport Security Market Analysis Market 2015-2022, Grand View Research; Global Airport Security Market 2015–2023, Global Market Insights Inc.
Increase in passenger volume, security threats and new airport
projects are the key drivers for the global airport security
marketMarket Drivers and Challenges
Growing passenger and air travel volume: Growth in passenger traffic has significantly increased the
need for efficient and robust security mechanisms. Airports across the globe are adopting accurate,
efficient and time-saving technology solutions.
Construction of new airports: There has been a rapid increase in the development of new airports
globally, particularly in emerging countries in the Middle East, India, Africa and China where the
aviation sector is growing radically.
Increasing security threats: The increasing number of security incidences globally has led the aviation
industry to follow stern security mandate in order to protect its facilities and passengers. Airport
authorities, especially across the Middle East and European region are investing heavily in upgrading
their security systems.
Ineffectiveness of security equipment:
The ineffectiveness of existing equipment in combating threats and lack of a tangible return on
investment has discouraged operators from purchasing new solutions. Furthermore, labour costs
consume a significant portion of the security budget, taking away potential investments in new
technology.
Constricting budgets: Despite increased investment, airports are struggling against tight budgets.
Airport management is struggling to fit security spend within the overall budget for the airport to
meet the business objectives. Therefore, the management deters from buying new and costly
security equipment.
Aranca Views
The threat of criminal attacks and terrorism continues to be the key market driver.
The global airport security industry is undergoing a major shift in terms of market share among
regions. The industry which was once dominated by the US is now shifting towards the Middle
Eastern and Asia Pacific regions. The key drivers for growth in these regions are growing threat of
terrorism, booming economy and growing air travel volume.
In terms of supply, the global airport security market is fragmented. There are numerous
manufacturers and solution providers that offer a diverse range of security products and solutions.
Equipment manufacturers are constantly focusing on the development of intelligent and
integrated solutions that augment the requirement of efficiency and speed. With the proliferation
of smartphones and Internet-of-Things, smart security solutions are expected to play a key role in
market growth.
Compiled By: Yogesh Shelke, Senior Consultant,
Business Research & Advisory