Global Airport Security Market Insights Forecasts to 2030
- The global Airport Security market was valued at USD 16 billion in 2021.
- The market is growing at a CAGR of 8.1% from 2022 to 2030
- The global Airport Security market is expected to reach USD 26 billion by 2030
- The North America is expected to grow the fastest during the forecast period
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The Global Airport Security Market is expected to reach USD 26 billion by 2030, at a CAGR of 8.1% during the forecast period 2022 to 2030. These systems include hardware and software tools that help monitor, identify, and stop threats to commercial facilities. The demand for effective and reliable security measures has been greatly fueled by the growth in air travel and passenger numbers. Several nations have tightened their security measures in response to the threat of terrorist and criminal assaults.
Airport security systems are the tools used in security checking at airports. This equipment plays a crucial role in preventing airports from certain threats such as smugglers, terrorists and thieves. The airport management need to implement strict guidelines provided by the respective governments of various countries and aviation organisation. There were series aircraft hijacking cases in the past decades which as compared to the airport authorities to redesign the security rules for airport and the safety of flights. Some of the crucial challenges in airport security is identifying how to increase the security measures while minimising the inconvenience faced by the passengers. This is why airport security systems and equipment providers have started focusing on developing user-friendly systems along with increase in airport and passenger security. Not only this but also the growing demand for air travel and rising cyber security crimes at airport have also prompted the market to focus on this segment.
This research report categorizes the market for Airport Security based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Airport Security market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Airport Security market.
The increasing passenger travel in the commercial aviation sector across the world are anticipated to drive the Airport Security System market over the forecast period. According to the international air transport Association, an extra 44% of the air passenger traffic is anticipated to come from India and China in the next 10 years. Apart from this cyber security has become one of the growing concerns for the aviation industry. Over the past few years airports across the world have started dependent on critical information and communication system to run operations, maintain communication and deliver the passengers with respective services. But this heavy reliance on technology has also increased the exposure of airport to different form of threats like cyberattacks. Not only this but also the increasing number and the level of sophistication of cyberattacks against the airport security is across the world have forced the airports to invest more in the cybersecurity with an aim to safeguard the operation and to protect the passengers.
Global Airport Security Market Report Coverage
|Market Size in 2021:||USD 16 Billion|
|Forecast Period:||2021 - 2030|
|Forecast Period 2021 - 2030 CAGR:||8.1%|
|2030 Value Projection:||USD 26 Billion|
|Historical Data for:||2017 - 2020|
|No. of Pages:||220|
|Tables, Charts & Figures:||120|
|Segments covered:||By Security Type, By System, By Airport Class, By Region|
|Companies Covered:||Axis Communication AB, Hitachi Limited, FLIR Systems, Raytheon Technologies, Honeywell International Inc., Siemens AG, Thales Group, Smiths Detection Inc.|
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The automatic and advance Airport Security System make the boarding process at airports much easier but there are huge costs involved in development design and implementation of such system into the airport of various countries. This is because they need a combination of various subsystem and electronic components in providing real time data to the Airport Authority. The development maintenance and launch of such systems involve hefty amount. Because of such hefty amount the Airport Authority is preferred to outsource the third party service providers. Does both the time and the cost leader for the development and deployment of this system can hamper the overall growth of the market.
- In 2021, Cybersecurity Segment is anticipated to witness the fastest market growth.
On the basis of security type, the global airport security system market is segmented into access control, perimeter security, cybersecurity, surveillance, screening, others. Among these, the cybersecurity segment is going to witness the fastest market growth over the predicted time frame. This is due to the increasing demand for the safety of crucial aviation based data and increasing demand for cybersecurity based services.
- In 2021, Backscatter X-Ray systems segment to witness the fastest market growth.
Based on system, the global airport security system market is segmented into metal detectors, backscatter x-ray, fiber optic perimeter intrusion, cabin baggage screening systems, others. Among these, backscatter x-ray systems segment is going to witness the fastest market growth over the forecast period owing to increasing demand for the safety of both passengers and luggage at airports.
- In 2021, the Class C segment is going to witness the fastest market growth during the forecast period.
On the basis of airport class, the global airport security system market is segmented into Class A, Class B, and Class C. Among these, the Class C segment is anticipated to witness the fastest market growth over the forecast period owing to the increasing demand for installation of technologically advanced security systems at airports and need for customized systems across the world.
Regional Segment Analysis of the Airport Security Market
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of APAC)
- South America (Brazil and the Rest of South America)
- The Middle East and Africa (UAE, South Africa, Rest of MEA)
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Europe is dominating the market with the highest CAGR of more than 9.5%.
Europe holds the largest market share with a CAGR of over 9.5% and is dominating the airport security market due to the heavy investment made in infrastructural modernization. To reduce the problems in checking and screening process, officials have started use advanced technologies like x-rays, automated lanes, and integrated networks which aim to improve security parameters and efficiency of the facility to manage the passengers simultaneously.
The report offers the appropriate analysis of the key organizations/companies involved within the global Airport Security market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
- In January 2020, Heathrow Airport collaborated with Thales Group subsidiary Avellant with an aim to provide an anti drone product in avoiding flight disruption from rogue drones.
List of Key Market Players
- Axis Communication AB
- Hitachi Limited
- FLIR Systems
- Raytheon Technologies
- Honeywell International Inc.
- Siemens AG
- Thales Group
- Smiths Detection Inc.
Key Target Audience
- Market Players
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
This study forecasts revenue at global, regional, and country levels from 2021 to 2030. Spherical Insights has segmented the global Airport Security market based on the below-mentioned segments:
Airport Security Market, By Security Type
- Access Control
- Perimeter Security
Airport Security Market, By System
- Metal Detectors
- Fiber Optic Perimeter Intrusion
- Backscatter X-Ray Systems
- Cabin Baggage Screening Systems
Airport Security Market, By Airport Class
- Class A
- Class B
- Class C
Airport Security Market, Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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