Airport Security Market: Global Market Share, Industry Size, Market Strategies a

Posted by akshayparmar on September 17th, 2018

According to a new market report published by Credence Research, Inc. “Airport Security Market (By Technology (Surveillance, Access Control, Perimeter Security, Screening, and Cyber Security among Others), By Geography (North America, Europe, Asia Pacific, Middle East and Africa, and Latin America)) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023”, the global airport security market is expected to witness a steady growth during the forecast period 2016 – 2023, reaching US$ 12.72 Bn by 2023. [Continue Reading].

Product Insights

The combination of growing terrorism threats and willingness shown by the countries to invest in the development of airport security infrastructure are the major factors supporting deployment of security technologies at airports. With the perpetual growth in air passenger traffic, airport authorities are deploying smart and intelligent checkpoint solutions to improve their operational efficiency. Compliance with the aviation legislations has forced airport authorities to upgrade their existing security infrastructure, thereby driving new installations. For instance, the airport authorities in Europe were required to deploy sufficient airfield and perimeter security by 2015 as per an EU directive. While the developed markets like Europe and North America are presumed to witness incremental growth, Asia Pacific and Middle-East region are poised to experience a considerable uptrend. [Continue Reading]

Competitive Insights

The global airport security market is technology driven and is in the early stage of maturation. The global airport security technology market is highly reactive as players in the market are primarily focused on addressing known threats rather preventing unidentified threats alongside. Some of the leading and promising players identified in the global airport security market include American Science and Engineering Inc., OSI Systems, Inc., Smith Detection, Safran Identity & Security (Morpho Detection), L-3 Communications Holdings, Lockheed Martin, Hitachi Ltd., C.E.I.A S.p.A, Siemens AG, Bosch Security Systems, and FLIR Systems among others.  The technology providers must focus on rolling out advanced security technologies that can be easily integrated with intelligent system designs to enhance airport operational efficiency. Small players are merging and forming strategic partnerships with the established players as the market moves towards consolidation. On the other hand, a new entrant is required to make substantial capital investment and have dedicated research and development budget to come-up with innovative solutions. Growing security concerns coupled with rigorous aviation legislations bodes well for the market growth and competition.

Key Trends

  • Compliance with stringent security measures and aviation legislations to support market demand
  • Investments are made in developing robust airport security infrastructure across the globe
  • Growing security concerns over rising terrorist threats
  • High upfront cost and privacy intrusion

About us:

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we've manufactured a firm extraordinarily prepared to this task.

Who we are

Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa. 

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

Contact Us:

Credence Research Inc.

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SAN JOSE

CA 95103

United States

Email:

sales@credenceresearch.com


akshayparmar

About the Author

akshayparmar
Joined: July 31st, 2017
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