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.
Full
Research Report On airport security market Analysis:
http://www.grandviewresearch.com/industry-analysis/airport-security-market
http://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.
View More Reports
Of This Category By Grand View Research At: https://www.grandviewresearch.com/industry-analysis/airport-security-market
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
Access Full Press Release of this Report:
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.
For more information: https://www.grandviewresearch.com/
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