Airport Security Market Analysis By Technology And Segment Forecasts From 2015 To 2022

Industry Insights

The global airport security market size was worth USD 8.37 billion in 2014. Airport security solution includes software and devices that help in detection, prevention, and monitoring of potential threats to regular airport business operations. Growing air traffic has led to a rise in focus on air passenger safety, thus, driving the market growth. Further, the rise in threats from terrorists and criminal activities has resulted in increasing focus by government and concerned authorities to secure airports.

Factors such as the availability of various solutions and technical advancements are attributing to the growth of the market. Further, these solutions can be easily integrated with multiple platforms, thereby, widening the scope of the market. Real-time collection of data and reduced time is taken for screening resulted in the increasing popularity of automated screening equipment. For example, self-check-in machines deployed at Heathrow airport in London allow an easy and fast screening process along with improved passenger experiences.

The rise in the number of airport construction and infrastructure is projected to offer a lucrative opportunity over the next few years. In addition, security measures are being tightened to counter any threat from terrorists. For instance, the U.S passed legislation on September 16th, 2015 that mandates the airports to have established measures to respond to active shooters following the gunman attack in 2013 on a TSA officer. Thus, airport authorities across the globe are compelled to enhance their security measures and be equipped with the latest technologies.

Passenger’s awareness regarding innovative technologies and focus on reducing the time in queues are positively driving the market growth. However, a reduction in the budget by governments in emerging countries can adversely affect industry growth. In addition, the availability of advance existing equipment discourages manufacturers to opt for new technologies, thereby, limiting the market growth.

Technology Insights

Based on technology, the market is segmented into access control, cybersecurity, perimeter security, screening, surveillance, and others. The aces control consists of keypads, biometric authentication features, access control for vehicles, and card readers. On the other hand, cyber security focuses on protecting IT infrastructure and critical data. These solutions are vital for Air Traffic Control (ATC) and the Computer Reservations System and Global Distribution System (CRS/GDS). These systems are anticipated to register significant growth over the next few years.

Perimeter security includes analytics and equipment for perimeter supervision such as sensors, alarms, gates, electronic fences, and others. Screening includes monitoring people, their baggage & cargo along with other prohibited items such as explosives, liquids, weapons, and narcotics. The surveillance system includes IP & analog video, video analytics, and ground radar surveillance. Various other systems include lighting, ground radar surveillance, and Command Control Communication & Integration (C3I).

Regional Insights

The U.S. dominates the airport security market. However, the Asia Pacific and MEA are gaining significant traction over the past few years. Increasing threats from terrorism are the major factor attributing to the growth of these regions. In addition, increasing air passengers and a booming economy are driving the growth in these regions.

In the recent past, the number of airports has increased significantly, especially in the Asia Pacific and the Middle East. Rapidly increasing airport infrastructure has resulted in a rise in the number of air passengers across the globe, thus, fueling the market growth.

Airport Security Market Share Insights

The market is fragmented owing to the presence of multiple players offering diverse solutions. Key players are consistently focusing on developing innovative solutions and offering products that can be easily integrated with various other systems. Reliability and credibility are imperative for players to gain a competitive edge.

Key market participants include Bosch, Lockheed Martin, Safran Morpho, Smiths Detection, OSI Systems Inc., L-3 Communications, and Siemens AG among others. These players are emphasizing the development of integrated and intelligent solutions to cater to the growing demand.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels, and provides an analysis of the latest industry trends in each of the sub-segments from 2012 to 2022. For the purpose of this study, Million Insights has segmented the global airport security market report 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

• Regional Outlook (Revenue, USD Million, 2012 - 2022)
    • North America
        • U.S.
        • Canada
    • Europe
        • Germany
        • U.K.
        • France
    • the Asia Pacific
        • China
        • India
        • Japan
        • ANZ
    • Central & South America
        • Brazil
        • Mexico
    • Middle East & Africa