Global Airport Security Market Growth 2023-2029

Global Airport Security Market Growth 2023-2029

Airport Security encompass devices and software solutions that assist in monitoring, detection, and prevention of threats to the commercial facility.

LPI (LP Information)' newest research report, the “Airport Security Industry Forecast” looks at past sales and reviews total world Airport Security sales in 2022, providing a comprehensive analysis by region and market sector of projected Airport Security sales for 2023 through 2029. With Airport Security sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Airport Security industry.

This Insight Report provides a comprehensive analysis of the global Airport Security landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Airport Security portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Airport Security market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Airport Security and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Airport Security.

The global Airport Security market size is projected to grow from US$ 8781.4 million in 2022 to US$ 14550 million in 2029; it is expected to grow at a CAGR of 14550 from 2023 to 2029.

The industry has witnessed a major shift in market share among regions. The industry which was primarily dominated by the U.S. is now shifting towards Middle Eastern and Asia Pacific regions. The growing threat of terrorism is a major driver for growth in these regions. In additions, booming economy and growing passenger volumes also act as an enabler for market growth in the Middle East and Asia Pacific.

Over the past few years, there has been a rapid increase in the construction and development of new airports worldwide, particularly in the Middle East and Asia Pacific. Growth in the aviation sector is critical for any region’s economic growth, therefore boosting the inflow of travelers by means for capacity expansion are key strategies adopted globally.

This report presents a comprehensive overview, market shares, and growth opportunities of Airport Security market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Access Control
Cyber Security
Perimeter Security
Screening
Surveillance
Others

Segmentation by application
Civilian and Commercial Airport
Military Airport

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
American Science and Engineering
Bosch
C.E.I.A SpA
Hitachi
L-3 Communications
Lockheed Martin
OSI Systems
Safran Morpho
Siemens AG
Smiths Detection

Key Questions Addressed in this Report

What is the 10-year outlook for the global Airport Security market?

What factors are driving Airport Security market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Airport Security market opportunities vary by end market size?

How does Airport Security break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.