Airport Security Market size was estimated at $84.07 billion in 2022 and is expected to reach $170.17 billion by 2031, growing at a CAGR of 8.3% during the forecast period of 2022 to 2031.
Airport Security Market
Airport security involves various techniques and methods used to protect passengers, staff, and airport property from accidental or malicious harm, crime, terrorism, and other threats. Airport security is a combination of human and material resources to protect civil aviation against any unlawful interference such as terrorism, the threat to life and property, communicating a false threat, bombing, etc. Airport security serves various purposes, from protecting the airport and country from threatening events to ensuring a safe journey to public traveling.
Airport Security Market Growth and Trend
The significant growth in the global airport security market can be attributed to the growing need for providing proficient security to air travelers. The increasing number of people passing through airports and the high concentration of people on airliners present possible targets for terrorism and other crimes. Given these circumstances, the need for airport security is increasing. In addition, the advanced and automated security system simplifies the boarding procedures at airports. The use of computerized tomography has simplified the scanning process and lead to less operational time at the airport. Also, facial recognition technology is becoming popular across the globe. It is a self-service solution that offers a user-friendly experience and enables highly automated security at check-in and exit check at airports. Moreover, increasing initiatives by the government for the safety of air travelers are expected to drive the global airport security market. However, the massive cost associated with designing, developing, and implementing these systems and components can hinder market growth.
Airport Security Market Segmentation
The global airport security market is segmented on the basis of security type, system, airport model, and airport class. Based on security type, the market is classified into access control, cyber security, perimeter security, screening, surveillance, and others. The cyber security segmented is anticipated to be the fastest-growing segment due to the rising demand for the safety of confidential aviation data. By system, the market is divided into metal detectors, fiber optic perimeter intrusion, backscatter x-ray system, cabin baggage screening systems, and others. The backscatter x-ray system segment holds the largest market share due to the rise in demand for passenger safety and luggage security at the airport. Based on the airport model, the market is segmented into airport 2.0, airport 3.0, and airport 4.0. Airport 4.0, considered the smart airport is expected to be the fastest-growing segment of the market. By airport class, the market is divided into class A, class B, and class C. The class C airport will witness the highest growth rate due to the increased demand for customization in airport security services.
Airport Security Market Country Analysis
The Asia Pacific holds the largest market share and is expected to witness the fastest growth over the forecast period due to an increase in air traffic in countries such as China, Singapore, Japan, and India. However, Europe held the second-largest market share due to increasing investment in upgrading conventional systems with ongoing technological advancements.
Airport Security Market Share and Competition
The leading companies operating in the global airport security market are L-3 Security & Detection, Safran Morpho, Smiths Detection, American Science & Engineering, OSI Systems (Rapiscan), Bosch Security Systems, AutoClear LLC, Lockheed Martin, and CEIA.
Report Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2021 – 2028)
• Data breakdown for every market segment (2021 – 2028)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Security Type Analysis (Revenue, USD Million, 2021 - 2028)
• Access Control
• Cyber Security
• Perimeter Security
• Screening
• Surveillance
• Others
System Analysis (Revenue, USD Million, 2021 - 2028)
• Metal Detectors
• Fiber Optic Perimeter Intrusion
• Backscatter X-Ray System
• Cabin Baggage Screening Systems
• Others
Airport Model Analysis (Revenue, USD Million, 2021 - 2028)
• Airport 2.0
• Airport 3.0
• Airport 4.0
Airport Class Analysis (Revenue, USD Million, 2021 - 2028)
• Class A
• Class B
• Class C
Region Analysis (Revenue, USD Million, 2021 – 2028)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Airport Security Market Companies
• L-3 Security & Detection
• Safran Morpho
• Smiths Detection
• American Science & Engineering
• OSI Systems (Rapiscan)
• Bosch Security Systems
• AutoClear LLC
• Lockheed Martin
• CEIA
Available Versions:-
• United States Airport Security Industry Research Report
• Europe Airport Security Industry Research Report
• Asia Pacific Airport Security Industry Research Report
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