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.
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.
What is Airport Security?
Airport security plays a crucial role in ensuring the safety and well-being of passengers, staff, and the overall aviation system. It involves a multi-layered approach, encompassing various measures such as passenger and baggage screening, access control, surveillance, and cybersecurity. Passenger screening includes the use of metal detectors, body scanners, and manual checks to detect prohibited items. Baggage is scanned using advanced X-ray machines to identify potential threats. Additionally, biometric identification and background checks are increasingly being utilized to verify passenger identities. Coordination with law enforcement agencies and intelligence sharing enhances the overall security framework.
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What are the growth prospects and trends in the airport security industry?
The rising integration of cutting-edge technologies like biometrics, artificial intelligence (AI), and machine learning (ML) is revolutionized security screening and identity verification, which represents one of the key factors driving the growth of the market across the globe. In line with this, the growing threat of terrorism, cyber-attacks, and other criminal activities is amplifying the need for robust airport security measures, which is driving the demand for advanced technologies and procedures, thus boosting the growth of the market. The market is also driven by governments and international bodies, such as the international civil aviation organization (ICAO) implementing stringent regulations and standards, which is necessitating the adoption of specific security measures across airports. In addition to this, expansions, and upgrades of existing airports, along with the construction of new ones, require parallel investments in security, which is contributing to the market growth. Apart from this, the increasing public awareness regarding safety and security establishes a demand for effective and efficient security measures, which is further creating a positive outlook for the market across the globe.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Access Control
- Cyber Security
- Security
- Screening
- Surveillance
- Others
Breakup by Technology:
- RFID
- Biometrics
- 3D scanning
- Others
Breakup by Equipment Type:
- Metal Detector
- Backscatter X-Ray System
- Cabin Baggage Screening Systems
- Others
Breakup by Airport Type:
- Civil airports
- Military/Government Airports
- Private Airports
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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