U.S. Airport Security Market Size 2021 Industry Forecast | Growth Dynamics To 2024
The airport security market analysis document represents a detailed collection of prioritized market definitions, industry scope and reach, and pivotal industry insights. Information about the many pitfalls of the market as well as the frequent challenges encountered by core industry players have been summarized in the report. That apart, the document also endorses details about the numerous driving parameters impacting the revenue landscape of this vertical.
The commercialization potential of airport security market has escalated immensely over the recent years, subject to the relentless threat of terrorism and aviation crimes plaguing the global landscape. Aviation industry being at the center of international and domestic transportation plays a crucial role in driving nation’s economic growth. Industry space is thus highly affected by demographic, political, and regulatory changes. The catastrophic bombarding at Brussel’s airport and explosion at Maelbeek metro station is difficult to go unnoticed in this regard. Reportedly, the accident bears a record of 31 casualties and severe injuries of almost 270 civilians. As an aftershock of the event, the Belgian government was highly criticized on the grounds of inadequate security measures and violation of safety norms. Experts believe that the immediate requirement for strict and efficient screening system in order to mitigate these global threats is proliferating industry share.
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With the emergence of new technologies, security checks at airports are evolving at a rapid pace. Airport operators are implementing new solutions to tackle common issues of passenger inconvenience such as physical body checks and long waiting times.
Security solution providers are intensifying their efforts towards R&D activities to bring in new and advanced airport security technology. Taking September 2020 for instance, airport official at Srinagar international airport installed the latest inline baggage screening system (ILBS) that are competent enough to detect explosives. This would strengthen the airport’s security and enhance customer trust.
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Increasing expansion of large-scale business development and tourism activities could enhance the prospect for airport security in the Middle East and Africa. The region is currently going through serious religious and internal conflict that could incite severe riots and terrorism down the line.
As a result, federal authorities are required to tighten their security in public places like airports to minimize casualties. Moreover, governments in MEA are investing heavily in efficient airport security scanners to fast track security checks. Highlighting an instance, earlier in 2015, the Abu Dhabi airport installed automated document authentication systems that helps passenger to easily scan their home-printed or mobile boarding pass to accelerate the validation process.
Companies operating in the airport security market are engaging in several R&D activities to broaden their product portfolio and pipeline. BOSCH Security Systems, IBM Corp., G4S PLC, CEIA, Hitachi Ltd., Lockheed Martin Corp., Siemens AG, Scanna MSC Ltd., Vision-Box, and Thales Group are some of the prominent contenders in the airport security landscape.
Major Key Points from Table of Content:
Chapter 4. Airport Security Market, By Technology
4.1. Airport security market share by technology, 2016 & 2024
4.2. Access Control
4.2.1. Airport security market estimates and forecasts, 2013 – 2024
4.3. Cybersecurity
4.3.1. Market estimates and forecasts, 2013 – 2024
4.4. Perimeter Security
4.4.1. Market estimates and forecasts, 2013 – 2024
4.5. Screening
4.5.1. Market estimates and forecasts, 2013 – 2024
4.6. Surveillance
4.6.1. Market estimates and forecasts, 2013 – 2024
4.7. Others
4.7.1. Market estimates and forecasts, 2013 – 2024
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