This report analyses the global airport security market regarding technologies deployed and geography. Based on technology, the international airport security market is segmented into surveillance, access control, perimeter security, screening, and cyber security, among others. The global airport security market's geographical distribution in this study encompasses regional markets such as North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
Overview:
Security concerns, given growing terrorist threats coupled with the development of new airport projects with improved security infrastructure, are identified as the major factor driving demand for airport security. Conformity with domestic as well as international aviation legislation supports the deployment of security technologies at airports. In addition, the market would also benefit from the replacement of existing security systems with advanced and intelligent versions. These factors are expected to contribute to steady growth during 2016–2023. Issues including high upfront costs and constrained budgets are expected to pose a moderate challenge to market growth, especially during the first half of the forecast period.
1.1 Report Description
Purpose of the Report
The purpose of this strategic research study titled "Airport Security Market: Growth, Share, Opportunities, and Competitive Analysis, 2016–2023" is to offer industry investors, company executives, and industry participants in-depth insights to enable them to make informed strategic decisions related to the opportunities in the airport security market.
1.1.1 Target Audience
Industry Investors
Airport Security System Manufacturers
Other Security System Manufacturers
Government Agencies
Airport Authorities
The report titled "Global Airport Security Market: Growth, Share, Opportunities, and Competitive Analysis, 2016–2023" offers strategic insights into the global airport security market along with the market's size and estimates for the duration of 2014–2023. The said research study covers an in-depth analysis of multiple market segments based on technology and a cross-sectional study across different geographies. In order to help strategic decision-makers, the report also includes competitive profiling of the key industry participants, their SCOT (Strengths, Challenges, Opportunities, and Weaknesses) analysis, market positioning, and recent developments. Other in-depth analysis provided in the report includes:
An overview of the global airport security market
Current and future market trends to justify the forthcoming attractive sub-markets within the airport security market
Qualitative assessment tools such as market drivers, challenges and prospects, value chains, and attractive investment propositions
Focus on each level of market segmentation based on product approvals, launches, and current and anticipated market dynamics.
A general overview of the industry structure
Company profiles highlight critical information about the major players operating in the global airport security market.
Market competition scrutiny tools include market share analysis, fractal maps, etc.
SRC (Segment, Region, Country) Analysis
On the basis of technology, the airport security market is categorized into the following segments:
Surveillance
Access control
Perimeter security
Screening
Cyber Security
Others
The following figure represents the contribution of these technology segments to the global airport security market in 2015 and 2023.
In 2015, the screening segment was the most significant revenue contributor to the global airport security market. The segment accounted for over 40% of the worldwide market's revenue and is anticipated to register steady growth during the 2016–2023. In the screening segment, metal detection remains the most commonly deployed security technology in the current scenario. Cybersecurity represents one of the emerging airport security technologies and is presumed to drive future investments.
Owing to the budgetary challenges faced by the airport authorities, they are bound to shift their focus away from physical security technologies and embrace cyber attack mitigation and prevention measures in the near future. The airport authorities would be tempted to seek aid from the governments to strengthen their capacity to manage cyber security attacks on a global scale.
Overall, the research study provides a holistic view of the global airport security market, offering market size and estimates for the period from 2014 to 2023, keeping in mind the above-mentioned factors.
On the basis of geography, the global airport security market is segmented into the following regions and countries:
North America
U.S.
Canada
Europe
UK
Germany
France
Rest of Europe
Asia Pacific
Japan
China
India
Rest of Asia Pacific
Rest of the World
Latin America
Middle East and Africa
In 2015, North America (comprising the U.S. and Canada) was the largest airport security market worldwide. The region alone accounted for around one-third of the total market revenue worldwide in the same year. The U.S. represents the most significant individual airport security market worldwide. The airport security market in the U.S. is primarily backed by the regulations and rigorous security measures adopted by the government in the wake of growing terrorism.
The airport security market in North America is also expected to benefit from replacing out-of-date airport security systems with their advanced equivalents. On the other hand, Asia-Pacific is expected to witness maximum growth during the forecast period. The anticipated growth would be primarily driven by the development of new airport projects coupled with improving regional security infrastructure.
Frequently Asked Questions:
The market for Airport Security Market is expected to reach XX Mn in 2023.
The Airport Security Market is expected to see significant CAGR growth over the coming years,at 70%.
The report is forecasted from 2016-2023.
The base year of this report is 2015.
American Science and Engineering Inc.,OSI Systems (Rapiscan),Smith Detection,Safran Identity & Security (Morpho Detection),L-3 Communications Holdings are some of the major players in the global market.
