Airport Security Market: Global Industry Analysis And Forecast (2023-2029)

Airport Security Market was valued at USD 13.44 Billion in 2022, and it is expected to reach USD 22.50 Billion by 2029, exhibiting a CAGR of 7.64% during the forecast period (2023-2029)
Airport Security Market Overview:
Airport security systems are pieces of equipment used in airport security examinations, they are critical in protecting airports from dangers such as terrorists, traffickers, and thieves. Airport administration must follow strict criteria established by their various governments and aviation groups. One of the most difficult difficulties in airport security is determining how to boost security while reducing passenger inconvenience. Airport security systems and equipment suppliers throughout the world are focused on research and development to provide user-friendly solutions with increased airport and passenger security. Increased demand for air travel and rising cyber-security assaults at airports are projected to drive market expansion. However, the high initial costs associated with the design and development of security systems and components, as well as difficulties connected to system maintenance and interoperability, are projected to stymie the overall growth of the airport security industry.

To know about the Research Methodology :- Request Free Sample Report

Research Methodology

The Global Airport Security Market report provides an evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. A secondary research is conducted to identify the segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market. The secondary source referred for the research are press releases, company annual reports, government websites, and research papers related to market. Moreover, quantitative and qualitative data is extracted from paid database like Reuters, Bloomberg, Hoovers, etc. The secondary research carried out at primary level is verified by primary research.

In the report, Porter examines competition, new entrants in the market, supplier power, buyer power, and the threats of the substitute products and services in the market. PESTLE identifies factors like political, economic, sociocultural, technological, legal, and environmental, that may affect an organization and its competitive standing. The main approach used to calculate accurate market size is bottom-up market sizing approach, where macro and micro view of all the potential customers, revenue and current market is considered as a whole. On the other hand, the research is also conducted by considering micro level segment that can be realistically targeted and calculated, which results in better forecasting and more accurate data on amore granular level.
Airport Security Market Dynamics
Rising Cyber-Security Attacks at Airports Are Expected to Drive Market Growth: One of the rising challenges for the aviation sector is cyber-security. Airports around the world have grown more reliant on vital information and communications technology to conduct operations, provide passenger services, and maintain contacts with relevant services. However, the airport's dependence on technology has increased its vulnerability to numerous types of dangers, including as cyber-attacks. The increasing quantity and sophistication of cyber-attacks on airport security systems all over the world has forced airports to invest more in cybersecurity to protect operations and passengers. As a result, this element will force the airport security system market forward.

Use of Computerized Tomography (CT) Walkways in Airport Baggage Handling: CT Scanners, or computerised tomography, are commonly related with head traumas. The system may also be used to look for liquids or dangerous commodities in baggage as it enters an airline. Due to the scanners' noise and size, their usage has been limited to just check-in luggage. This system is positioned away from congested areas to minimise interruption to airport travellers. Recent advances in security technology, however, have decreased the size and noise associated with CT scanners. CT pathways are intended to replace the present conveyor belt security system for carry-on bags. This method may identify any suspicious goods carried by travellers or in their luggage without requiring travellers to remove their bags, shoes, or belts during the examination. This will simplify the scanning process and will lead to less operational time at airports.



Increasing Air Passenger Travel to Drive Market Growth: The increasing commercial aviation industry and people's demand for air travel around the world are expected to propel growth in the airport security system market during the forecast period. According to the International Air Transport Association, China and India will account for 44% of all air passenger travel in the next ten years. Furthermore, during the next ten years, Asia Pacific is expected to be the fastest-growing area for air passenger travel. Airport officials are replacing their traditional security methods to automation systems in order to increase the overall efficiency of the airport's boarding procedure. As a result, the market's growth possibility will be boosted.

Airport Biometrics Implementation Improves Airport Operations Efficiency: Facial recognition technology is becoming increasingly common at both international and domestic airports across the world. This technology removes the need for paper and traditional data recording techniques, resulting in a more pleasant boarding experience. This technology was mostly utilised for check-in and exit checks; however, certain airports have since incorporated sophisticated technology for boarding operations. The self-service technology is user-friendly while also allowing for high-level automated security inspections at airports. Brisbane Airport piloted the Smart Path biometric system with Air New Zealand customers in 2019, making them the first to enjoy the seamless boarding experience. Following the success of the technology pilot, the Australian government announced intentions to automate more than 90% of air travel processing by the end of 2020.

High Costs of Airport Security Systems and Components to Restrain Growth: Advanced and automated security procedures make airport boarding easier. However, the design, development, and installation of these systems into any country's airports is extremely expensive. To deliver real-time data to the airport authorities, they require a mix of numerous subsystems and technological components. These systems are expensive to create, launch, and maintain. Because these technologies and necessary services are expensive, airport authorities prefer to outsource security to third-party service companies such as Securitas AB, G4S Plc, and others. As a result, both the cost and time necessary for the development and deployment of these systems show to be a barrier to the global market's growth.
Airport Security Market Segment Analysis
Based on Systems, the market is segmented into Metal Detectors, Fiber Optic Perimeter Intrusion, Backscatter X-Ray Systems, Cabin Baggage Screening Systems, Others. Due to an increase in demand for passenger safety and luggage security at airports, the backscatter x-ray systems market is expected to be the fastest-growing category over the forecast period. Metal detectors, on the other hand, were the largest category in 2019. The growth in the treatment of infectious diseases such as COVID 19 may drive demand for airport thermal scanning devices and other electronic security equipment in the airport security market through 2027.

Based on Security Type, the market is segmented into Access Control, Cyber-Security, Perimeter Security, Screening, Surveillance, Others. The cybersecurity sector is expected to be the fastest-growing category during the forecast period, owing to a growth in demand for the protection of critical aviation-related data as well as an increase in demand for cybersecurity-related services. The goal of cyber security solutions is to protect important data and IT infrastructure. These solutions are critical for Computer Reservations System and Global Distribution System (CRS/GDS) information systems, as well as Air Traffic Control (ATC) information systems. However, due to massive investment in surveillance by nations such as the United States, China, and India, the surveillance systems category was the largest segment in 2020.

Based on Airport Class, the market is segmented into Class A, Class B, and Class C. The class C sector is expected to be the fastest-growing market segment during the forecast period. This rise may be attributed to the rising demand for the installation of technologically advanced systems at airports, as well as the desire for system customisation around the world; nonetheless, the class B category was the biggest segment in 2019.

Based on Airport Model, the market is segmented into Airport 2.0, Airport 3.0, and Airport 4.0. The airport 4.0 segment is expected to be the market's fastest-growing segment during the forecast period. By linking all stakeholders in an integrated digital environment, Airport 4.0 focuses on connectivity and real-time information. This rise is related to rising need for smart and green airports around the world, as well as high demand for Internet of Things (101)-based systems and equipment, with the airport 2.0 category accounting for the lion's share in 2019.


Regional Insights
Based on region, the market is segmented into North America, Asia Pacific, Europe, Middle East & Africa, and South America. Asia-Pacific is estimated to have the largest market share in 2019, with a value of USD 3.82 billion, and to be the fastest-growing region over the forecast period. Due to considerable increases in air traffic in countries like as China, Singapore, and India, the region is expected to have robust market expansion during the forecast period. During the forecast period, the region is expected to grow at a rapid rate. Europe had the second-largest market share in 2019 as a result of significant investment in replacing traditional systems with technologically updated security systems and increased demand for smart and green airports in the coming years.

In recent years, the United States has invested throughout updating its airport infrastructure in North America. Furthermore, the presence of prominent manufacturers such as Honeywell International Inc., FLIR Systems, and Raytheon Technologies, as well as regulatory agencies like as the Transportation Security Administration (TSA), is propelling market expansion in the United States. Furthermore, the existence of the world's largest international airport, Hartsfield-Jackson Atlanta International Airport (ATL), will drive industry expansion. The Canadian Army's increasing use of autonomous security systems centres is driving market expansion in the area. Furthermore, the Middle East and Africa market is expected to grow at a considerable CAGR because to the large number of security system vendors and distributors in this area. Similarly, rising investment in domestic airports in the UAE and Saudi Arabia is likely to propel the Middle East and Africa market.

Objective of the Report

The objective of the report is to present a comprehensive analysis of the global Airport Security Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Airport Security Market dynamic, structure by analyzing the market segments and projecting the Airport Security Market size. Clear representation of competitive analysis of key players by segment type and regional presence in the Airport Security Market make the report investor’s guide.
Airport Security Market Scope: Inquire before buying



Airport Security Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US 13.44 Bn.


Forecast Period 2023 to 2029 CAGR:
7.64 %
Market Size in 2029:
US 22.50 Bn.


 Segments Covered:
by Systems
Fiber Optic Perimeter Intrusion
Metal Detectors
Cabin Baggage Screening Systems
Backscatter X-Ray Systems
Others


by Security Type
Perimeter Security
Access Control
Screening
Cyber-Security
Surveillance
Others


byAirport Model
Airport 2.0
Airport 3.0
Airport 4.0


by Airport Class
Class A
Class B
Class C



Airport Security Market, by Region:
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (razil, Argentina Rest of South America)
Key Players:
1. American Science and Engineering Inc.
2. Zwipe
3. Axis Communication AB
4. FLIR Systems
5. Hitachi Limited
6. Honeywell International Inc.
7. L3Harris Technologies Inc.
8. Raytheon Technologies
9. Robert Bosch GmbH
10. Siemens AG
11. Smiths Detection Inc.
12. Thales Group
13. Westminister Group Plc.
14. Ceia USA, Ltd.
15. Cobalt Light Systems
16. Garrett Electronics Inc.
17. L3Harris Security & Detection Systems
18. Rapiscan Systems
19. IRT ScanMaster Systems, Inc.
20. Unival group GmbH
21. ZKTECO CO., LTD

Frequently Asked Questions:

1] What segments are covered in the Global Airport Security Market report?
Ans. The segments covered in the Airport Security Market report are based on Systems, Security Type, Airport Model, and Airport Class.

2] Which region is expected to hold the highest share in the Global Airport Security Market?
Ans. The Asia Pacific region is expected to hold the highest share in the Airport Security Market.

3] What is the market size of the Global Airport Security Market by 2029?
Ans. The market size of the Airport Security Market by 2029 is expected to reach USD 22.50 Bn.

4] What is the forecast period for the Global Airport Security Market?
Ans. The forecast period for the Airport Security Market is 2023-2029.

5] What was the market size of the Global Airport Security Market in 2022?
Ans. The market size of the Airport Security Market in 2022 was valued at USD 13.44 Bn.