WorldWide Airport Security Market, Industry / Sector Analysis Report, Regional Outlook & Competitive Market Share & Forecast, 2019 - 2025 (Includes Business Impact of COVID-19)

  • TBI920899
  • September 09, 2019
  • Global
  • 132 pages
  • HCCResearch

Abstract, Snapshot, Market Analysis & Market Definition: Airport Security Market


Industry / Sector Trends

Airport Security Market size estimated at over USD 9 billion in 2016 and is predicted to grow at 7% CAGR from 2017 to 2024.   UK airport security market, by technology, 2017 & 2024 (USD Million)   Rise in international trade and the number of air passengers globally is driving the airport security market growth. According to the International Civil Aviation Organization (ICAO), the number of air departures increased by 38 million globally from 4 billion passengers in 2017 to 4.3 billion passengers in 2018. With the rise in air travelers, the demand for enhanced safety & security in the aviation sector for preventing accidental harm, threats, and other crime is increasing. Airline companies are increasingly investing in security technologies, such as X-ray scanners, biometrics, metal detectors, 3D scanners, and explosive detectors, to safeguard the passengers, staff, and aircraft from terrorist or other attacks. In October 2018, Delta Air Lines Inc., a major airline in the U.S. launched a facial recognition technology at Hartsfield–Jackson Atlanta International Airport to enhance security and help facilitate legitimate travel.   Stringent government policies associated with security in the aviation sector are positively impacting the proliferation of surveillance, screening, and access control technologies. For instance, the Federal Aviation Regulation (FAR) governs all aviation activities in the U.S. The FAR 1542 formulates several airport securities programs. This regulation promotes the installation and usage of security systems, such as Security Identification Display Area (SIDA), for preventing crimes and terrorism. Similarly, in June 2018, the International Air Transport Association (IATA) resolution 753 came into effect, which requires member airlines to screen baggage at the time of aircraft loading. These policies encourage the industry to implement effective security systems for efficiently managing passengers and goods. Such factors are anticipated to positively impact the airport security market growth.   High installation & maintenance cost associated with these systems is hindering the market growth. These systems require continuous upgrades due to the evolving hacking software, which provides easy access to hackers. According to McAfee, LLC, attackers can obtain data stored on a system by accessing a security system via Remote Desktop Protocol (RDP). Ransomware Software, such as Petya ransomware and WannaCry, are disrupting the operations of airports. In September 2018, UK's Bristol airport experienced a ransomware attack, which aimed at getting access to administrative information. Moreover, uncertain economic conditions may hinder industry growth.  

Market Segmentation, Outlook & Regional Insights: Airport Security Market

Airport Security Market, Technology The airport surveillance market is predicted to grow at 8% CAGR over the coming years. With rising issues, such as goods smuggling and terrorist activities, safeguarding of passengers has become a vital factor for the airport authorities. They are installing surveillance radar technologies to provide safer & efficient air travel to passengers. These systems include iris scans, enhanced Closed Circuit Television (CCTV) cameras, facial recognition techniques, and DNA databanks for identifying terrorists. Several manufacturers are focusing on providing high-quality security surveillance solutions to airports. For instance, Infinova Group is offering specialized thermal cameras, high-resolution general surveillance IP cameras, and user-friendly video management software to be placed across critical areas within and outside airports. Such systems ensure that the security at airports is efficiently maintained.   Screening solutions are the most used technologies used for passenger/luggage checking at airports to prevent the transport of threatening/restricted items by passengers. These systems include backscatter X-ray system, walk-through metal detectors, and millimeter-wave machine to screen passengers. Airports are highly investing in advanced screening technology to safely screen passengers without physical contact for metallic & non-metallic threats including weapons and explosives. For instance, in December 2018, Denver International Airport announced to implement Enhanced Advanced Imaging Technology (eAIT), to enhance the screening of passengers through boarding lines.   Airport Security Market, By Region Europe airport security industry size, by country, 2024   In 2017, Europe accounted for 20% of the airport security market share. In Europe, new regulations demand exit & entry checks on passengers from countries outside the 26-nation in the Schengen zone. These new regulations have been introduced after the Paris and Brussels attack to offer protection to travelers in transportation hubs such as airports. Traveler details are checked against several databases such as the Interpol record of lost travel documents and Schengen information system. Several airports are already implementing it and others are doing spot checks on selected flights. Although the EU airports will witness a reduction in the passenger traffic owing to low consumer confidence due to terrorist activities as well as the decision of the UK to leave the EU, the demand for airport security solutions will be witnessed in the region.   North America will witness immense growth owing to the presence of established players, ongoing infrastructural developments, and rising air travelers in the region. Additionally, the adoption of international standards coupled with enhancing safety & usage of advanced machinery for security is influencing market growth. Several regulatory bodies in the U.S. including the Department of Homeland Security (DHS) and Transportation Security Administration (TSA) are focusing on ensuring security requirements tailored to the unique operating environment of individual airports.  

Key Players, Recent Developments & Sector Viewpoints: Airport Security Market

The key players operating in the airport security market are IBM Corporation, Lockheed Martin Corporation, Thales Group, Fisher Research Laboratory, Siemens AG, G4S PLC, Bosch Security Systems, Auto Clear LLC and Smiths Detection LLC, among others. These companies are increasingly investing in the development of advanced security solutions to help in combating security threats. For instance, in October 2018, SATS Ltd, a ground-handling and in-flight catering service provider at Singapore Changi Airport announced to invest USD 1 million to digitalize its security system in a bid to improve security services. These new security systems include several video surveillances points, such as wearables, to deliver high visibility for on-ground activities.   Industry Viewpoint The companies operating in market are investing highly in R&D and engineering for product innovations, expanding their product offerings, and attracting a large customer base. For instance, in 2017, Axis Communications invested USD around 155 million for providing advanced security equipment and smart technologies. Several players are providing a wide array of security solutions, such as video surveillance, X-ray scanners, and full-body imaging systems, to mitigate security breaches, other critical security challenges, and create a safer environment for officials and travele

Key Insights Covered: Exhaustive Airport Security Market

1. Market size (sales, revenue and growth rate) of Airport Security industry. 2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Airport Security industry. 3. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Airport Security industry. 4. Market size (sales, revenue) forecast by regions and countries from 2019 to 2025 of Airport Security industry.

Research Methodology: Airport Security Market

  • Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  • Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  • Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.

1 Report Overview
    1.1 Research Scope
    1.2 Major Manufacturers Covered in This Report
    1.3 Market Segment by Type
        1.3.1 Global Airport Security Market Size Growth Rate by Type (2019-2025)
    1.4 Market Segment by Application
        1.4.1 Global Airport Security Market Share by Application (2019-2025)
    1.5 Study Objectives
    1.6 Years Considered

2 Global Growth Trends
    2.1 Production and Capacity Analysis
        2.1.1 Global Airport Security Production Value 2014-2025
        2.1.2 Global Airport Security Production 2014-2025
        2.1.3 Global Airport Security Capacity 2014-2025
        2.1.4 Global Airport Security Marketing Pricing and Trends
    2.2 Key Producers Growth Rate (CAGR) 2019-2025
        2.2.1 Global Airport Security Market Size CAGR of Key Regions
        2.2.2 Global Airport Security Market Share of Key Regions
2.3 Industry Trends
        2.3.1 Market Top Trends
        2.3.2 Market Drivers

3 Market Share by Manufacturers
    3.1 Capacity and Production by Manufacturers
        3.1.1 Global Airport Security Capacity by Manufacturers
        3.1.2 Global Airport Security Production by Manufacturers
    3.2 Revenue by Manufacturers
        3.2.1 Airport Security Revenue by Manufacturers (2014-2019)
        3.2.2 Airport Security Revenue Share by Manufacturers (2014-2019)
        3.2.3 Global Airport Security Concentration Ratio
    3.3 Airport Security Price by Manufacturers
    3.4 Key Manufacturers Airport Security Plants/Factories Distribution and Area Served
    3.5 Date of Key Manufacturers Enter into Airport Security Market
    3.6 Key Manufacturers Airport Security Product Offered
    3.7 Mergers & Acquisitions, Expansion Plans

4 Market Size by Type
    4.1 Production and Production Value for Each Type
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