Airport Security Market Size Expected to Reach USD USD 17.95 Billion by 2030: Polaris Market Research
The global airport security market size is expected to reach USD 17.95 billion by 2030 according to a new study by Polaris Market Research.
Key factors that are responsible for the market growth include the rise in air travel, and passenger numbers have increased the market demand for efficient and reliable safety systems. According to the International Civil Aviation Organization’s, (ICAO) and Civil Aviation Statistics of the World staff estimates, there were around 4.5 billion passengers carried on scheduled services in 2019, up 3.6% from the previous year, while the number of departures reached 38.3 million in 2019, up 1.7% from the previous year.
Based on type, the surveillance segment accounted for a leading stake due to growing concerns such as commodities smuggling and terrorist activity, making it critical for airport officials to protect passengers. For detecting terrorists, surveillance includes improved Closed-Circuit Television (CCTV) cameras, facial recognition methods, iris scans, and DNA databanks. Asia-Pacific is estimated to hold the largest share in the market due to the significant rise in air traffic in the region. For instance, according to the ICAO, total passenger traffic in the region was 34.7% of the world traffic which is posting a growth of 5.2%.
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With a surge in the public-private initiative for promoting the adoption of airport safety in the last few years, Airport Safety has witnessed a higher preference due to the reduction in cybercrimes, and threats, among others. In June 2021, the Transportation Security Administration (TSA), in collaboration with the “McCarran International Airport”, has re-opened the Innovation Checkpoint, which now has the most speed aviation security technology to improve safety and the passenger screening experience. TSA developed the “Innovation Checkpoint in 2019” to compare and contrast innovative safety technology in a real checkpoint scenario.
Market players such as FLIR Systems Inc., Autoclear LLC, Delta Air Lines Inc., Thales Group, Honeywell International Inc., Robert Bosch GmbH, Axis Communication AB, American Science and Engineering Inc., Siemens AG, OSI Systems Inc., SafranMorpho, and Smiths Detection are some key players operating in the global market.
Several manufacturers are often backing to opt for varied marketing strategies to expand their business operations globally. In March 2021, the automated screening lane (ASL) PAX Compact from Vanderlande has been added to Vanderlande’s passenger checkpoint solutions portfolio. This new product is designed specifically for airport safety checkpoints with limited space.
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Polaris Market research has segmented the airport security market report on the basis of type, systems and equipment, technology, and region:
Airport Security, Type Outlook (Revenue – USD Billion, 2018 – 2030)
- Access Control
- Cyber Security
- Perimeter Security
Airport Security, Systems and Equipment Outlook (Revenue – USD Billion, 2018 – 2030)
- Metal Detector
- Backscatter X-Ray System
Airport Security, Technology Outlook (Revenue – USD Billion, 2018 – 2030)
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