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Airport security refers to various devices and systems used to safeguard infrastructures, planes passengers, and staff from threats and terrorist activities. The airport security systems including metal detectors, explosive detectors, x-ray scanners, biometrics, 3D scanners, and intrusion detectors, and others are also essential to avoid loss of assets and the disruption of business.Similarly, explosive and intrusion detectors are essential to avoid threats of trespassing that could trigger cross-border terrorism, smuggling, and drug trade. Over the last decade, the airport security market is continually growing and witnessing huge uptake of these devices.
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By acknowledging the accelerating traction, the market is garnering huge profits. Market Research Future (MRFR) in its recently published analysis asserts that the global airport security market is expected to grow significantly by 2023, registering approximately 6 % CAGR during the forecast period (2018 – 2023).
The demand for advanced security systems to ensure passenger safety against critical situations is a major driving force behind the market growth. Moreover, governments strive to issue more advanced security systems to protect airports and monitor public places and thus, to prevent terrorism. As the governments of countries across the world are looking to counter terrorist attacks, the demand for these security technologies would increase significantly over the next few years.
On the other hand, high costs associated with installation and maintenance of these security solutions are some of the factors obstructing the growth of the market. Nevertheless, technological developments would support the growth of the market, providing new growth opportunities for the players.
Segments:
For a better understanding of the report, the market is segmented into four key dynamics:
By Type: Access Control, Cybersecurity, Perimeter Security, Screening, and Surveillance, among others.
By Systems & Equipment: Metal Detector, Fiber Optic Parameter Intrusion, Detection Systems, Explosive & Narcotics Trace Detector, Cabin Baggage Screening, and Backscatter X-Ray System, among others.
By Technology: RFID and Biometrics among others.
By Regions: Europe, North America, Asia Pacific, and Rest-of-the-World.
Geographical Analysis:
North America dominates the global airport security market, mainly due to the well-established technology development sector and the augmenting demand for regulatory support. Stringent government regulations and Transportation Security Administration (TSA) standards to strengthen airport security are fostering the growth of the market in the region.
Also, factors such as the increasing advances in technologies, increasing uptake of advanced technologies across airports, and the presence of prominent players in the region are propelling the market growth in the North American region. The US accounts as the prime contributor to the growth of the regional market, due to the massive demand for airport security.
Europe is another lucrative market for airport security, globally. Heading with the increasing demand for advanced security systems, the market in the region is increasing. Undoubtedly, the resurging economy in the European region is a significant driving force tightening the security systems at the airports. Growing investments and government funding for security management concerns provide impetus to market growth in the region.
The Asia Pacific airport security market is rapidly emerging as a promising market globally. The rapidly developing security systems, technologies, and models define the growth landscape of the regional market. Moreover, rapidly improving economic conditions alongside, the market penetration of futuristic security technologies in the region provides impetus to the market growth. The airport security market in the APAC with some of its untapped regions offers high growth opportunities for foreign investors.
Competitive Landscape:
Highly competitive, the airport security market appears to be fragmented due to the presence of numerous big & small-scale players, who along with new entrants, churn profits out of the market competition. For expansion in emerging markets, these players adopt strategic initiatives such as collaboration, M&A activities, and innovations.
These players focus on optimized situational awareness and are continually seeking expansion, ensuring their mission success. They also increasingly invest in R&D activities to develop a cost-effective product portfolio.
Major Players:
Players leading the global airport security market include Autoclear LLC (US), American Science and Engineering, Inc. (US), C.E.I.A. SpA (US), L3 Security & Detection Systems (US), FLIR Systems, Inc. (US), OSI Systems, Inc. (US), Siemens AG (Germany), Robert Bosch LLC (US), Westminster Aviation Security Services Ltd. (UK), and Smiths Detection LLC (US), among others.
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