The global airport
security market size is expected to reach USD 12.70 billion by
2022, according to a new report by Grand View Research, Inc. National security
is of vital importance at critical infrastructures such as airports. In recent
years, the policy and aim of many authorities has shifted from potential threat
identification to deploying measures that prevent infiltration of any type of
threats into the infrastructure. Demand for quicker and efficient screening has
culminated in the design and development of advanced screening systems that are
being employed worldwide.
The rapid pace of new construction activity at
airports and need to streamline security screening process in order to minimize
waiting time for passengers also serve as key drivers for market growth.
However, economic turmoil and lack of funds for public spending new development
and construction, as well upgrade of existing airports. In addition,
effectiveness of existing security equipment in combating threats and lack of a
tangible return on investment has discouraged operators from purchasing new
technology solutions. Existing retrofits and shift towards automated security
solutions as an alternative to human labor is expected to provide market growth
opportunity over the coming years
International and domestic legislations have fueled
the procurement of security technologies. Organizations such as the TSA and
European Civil Aviation Conference (ECAC) establish security standards and
oversee their adherence. Airports are subjected to numerous threats including
robbery, arson, cyber-crime, terrorism, and vandalism. Terrorist attacks are
the most critical threat in public view; therefore, technologies enabling
security are of prime importance for ensuring public safety.
Browse full research report on Airport Security Market: https://www.grandviewresearch.com/industry-analysis/airport-security-market
Further
key findings from the report suggest:
- Cyber security solutions are expected to witness fastest market
growth over the forecast period owing to technology trends such as IoT,
Big Data, cloud storage and adoption of smart solutions. Airport screening
systems continue to dominate the industry with over 45% revenue share in
2014.
- North American airport security market accounted for about 35% of
the overall share in 2014 owing to the presence of key players in the
region coupled with a large number of new construction and upgrade
activity. Government spending and regulatory mandates continue to drive
growth across regions
- The global airport security market is diversified and competitive
in nature. A large number of companies specialize in the provision of
unique solutions from screening to cyber security. The global airport security
screening market is consolidated in nature; key vendors including Safran
Morpho, Smiths Detection, L-3, OSI Systems (Rapiscan) and American Science
& Engineering accounted for around 50% of the overall share in 2014.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/electronic-security-systems-and-devices
Grand
View Research has segmented the airport security market on the basis of
technology and region:
Airport
Security Technology Outlook (Revenue, USD Million, 2012 – 2022)
- Access
control
- Cyber
security
- Perimeter
security
- Screening
- Surveillance
- Others
Airport
Security Regional Outlook (Revenue, USD Million, 2012 – 2022)
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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