PUBLISHER: Meticulous Research | PRODUCT CODE: 1576504
PUBLISHER: Meticulous Research | PRODUCT CODE: 1576504
Airport Security Market by Offering (Systems (X-Ray Machines, Metal Detectors, Surveillance Systems, Biometric Devices, Others), Services), Application (Access Control, Perimeter Security, Scanning & Screening, Others), and Geography-Forecasts to 2031.
The research report titled 'Airport Security Market by Offering (Systems (X-Ray Machines, Metal Detectors, Surveillance Systems, Biometric Devices, Others), Services), Application (Access Control, Perimeter Security, Scanning & Screening, Others), and Geography-Forecasts to 2031', provides an in-depth analysis of the airport security market across five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2031.
The airport security market is projected to reach $25.27 billion by 2031, at a CAGR of 8.6% from 2024 to 2031.
The growth of this market is driven by stringent government regulations on airport security and the increasing number of air passengers. Moreover, increasing investments in airport security are anticipated to create market growth opportunities. However, challenges related to upgrading existing security systems and the high costs associated with airport security systems restrain the market's growth.
The airport security market is segmented based on offering (systems (X-ray machines, metal detectors, surveillance systems, biometric devices, and other systems), services (support and maintenance services, deployment and integration services, consulting and training services)), application (access control, perimeter security, scanning & screening, surveillance, and other applications). The study also evaluates industry competitors and analyses the market at the regional and country levels.
Based on offering, the airport security market is broadly segmented into systems and services. In 2024, the systems segment is expected to account for the larger share of the global airport security market. The large market share of this segment can be attributed to factors such as the increasing investments in advanced technology at airports and the increasing initiatives aimed at implementing top-tier security measures at airports.
Moreover, the systems segment is expected to record the highest CAGR during the forecast period. Increasing adoption of airport security systems and the growing focus of key players on product development and enhancement are expected to drive the segment's growth. For instance, in November 2024, Huawei Technologies Co., Ltd. (China) launched a series of brand-new smart airport solutions for international markets, including the Fully Connected Fiber Network Solution and Smart Airport Perimeter Security with Fiber Sensing Solution. Similarly, in October 2024, Leidos (U.S.), a science and technology company, launched ProSight, its newest enterprise software platform. This platform provides airports and commercial organizations with high-risk points of entry with a centralized security management system.
Based on application, the airport security market is segmented into access control, perimeter security, scanning and screening, surveillance, and other applications. In 2024, the scanning and screening segment is expected to account for the largest share of the global airport security market. The large share of this segment can be attributed to the increased deployment of security systems aimed at preventing prohibited items and other threats from entering airports, heightened investments in airport scanning and screening systems to enhance the passenger experience, and the focus of key players on developing innovative scanning and screening products.
However, the access control segment is expected to record the highest CAGR during the forecast period. Growth of the segment is driven by the rising adoption of access control systems at airports to investigate security incidents or breaches and help improve security protocols. For instance, in December 2021, Kuala Lumpur International Airport (KUL) installed more than 100 biometric-enabled self-service touchpoints from air transport industry IT provider SITA.
Based on geography, the airport security market is segmented into North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. In 2024, North America is expected to account for the largest share of the airport security market. North America's major market share can be attributed to the increased spending on technology by airports, rising funding by the government to improve airport safety and security, and the growing deployment of airport security systems at the airport.
However, the market in Asia-Pacific is projected to register the highest CAGR during the forecast period. The growth of this regional market is driven by rising investments aimed at modernizing airport infrastructure, the growing need to ensure operational efficiency, and the rising deployment of security systems at airports. For instance, in September 2021, South Korea-based Incheon International Airport Corporation (IIAC) signed a contract with Smiths Detection (U.K.) to install its explosives detection system (EDS) HI-SCAN 10080 XCT for hold baggage screening at Incheon International Airport (ICN) Terminal 2. Additionally, in February 2021, Singapore's Changi Airport Group awarded a contract to Genetec (Canada), a technology provider of integrated security, business intelligence, public safety, and operations solutions, to upgrade its security system.
The key players operating in the airport security market include Teledyne FLIR LLC (U.S.), Leidos (U.S.), Honeywell International Inc. (U.S.), Robert Bosch GmbH (Germany), Siemens AG (Germany), Hart International (UAE), Covenant Aviation Security, LLC (U.S.), Collins Aerospace (U.S.), Smiths Group plc. (U.K.), Elbit Systems Ltd. (Israel), SITA (Switzerland), Rapiscan Systems (U.S.), Axis Communication AB (Sweden), Thales Group (France), and Westminister Group Plc. (U.K).
Airport Security Market Assessment-by Offering
Airport Security Market Assessment-by Application
Airport Security Market Assessment-by Geography
(Note: SWOT Analysis of the Top 5 Companies Will Be Provided)