Airport Security Market Size, By Technology (Access Control, Cybersecurity, Perimeter Security, Screening & Scanning, Surveillance, Real-Time Locating System), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Foreca

Airport Security Market Size, By Technology (Access Control, Cybersecurity, Perimeter Security, Screening & Scanning, Surveillance, Real-Time Locating System), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 - 2028

The airport security market is anticipated to see robust growth by 2028 owing to surging adoption of enhanced security systems in airports. Additionally, rising number of terrorist attacks is likely to further support market growth through the forecast timeline.

Recently, burgeoning number of cyber-attacks within the airport industry have posed a massive risk to passenger information, operational data, and flight information, among other data. This has boosted the need for stringent airport security measures, thereby fueling market growth. For instance, in July 2021, Manchester Airport Group (MAG), the UK's largest airport group, partnered with Bridewell, a key cybersecurity firm, as its security partner to augment security event visibility by 1500% with the aim to improve airport security

Moreover, key market players have been focusing on bolstering their market presence by implementing profitable strategies in key regions, which has been favorable for the business scenario. For instance, in August 2021, C.E.I.A SpA, an Italy-based electronic manufacturer company, launched the EMA-4, a multi-sensor liquid explosive detection system. The novel system has recently been validated to meet the ECAC performance requirements for Standard 3 Type B Liquid Explosive Detection Systems (LEDS).

Furthermore, airport security is considered to be one of the fastest-growing markets for cybersecurity, which has created massive growth potential for industry players. To cite an instance, In January 2022, Leonardo, an Italy-based aerospace and defense group, announced a collaboration with the Aeroporti di Roma (AdR) unit of Atlantia, an Italy-based transport company, to create joint surveillance, cybersecurity, and communications projects for airport assets of the AdR unit.

Notably, following the onset of COVID-19, government officials implemented stringent lockdowns and travel restrictions, causing a steep decline in air travel globally. However, with relaxation of lockdown restrictions, there has been an upsurge in air travel across several regions, which has propelled the need for airport security, thereby fostering industry outlook.

The airport security market has been segmented on the basis of technology and region. In terms of technology, the airport security market has been divided into cybersecurity, access control, perimeter security, screening & scanning, surveillance, and real-time locating system (RLTS).

The cybersecurity sub-segment is likely to grow substantially over the review timeframe owing to growing focus on reducing the risk of data theft. The perimeter security sub-segment is likely to observe notable growth through 2028 due to increasing integration of advanced technologies, such as AI, data analytics, and cloud. The screening & scanning sub-segment is anticipated to grow substantially over the assessment timeframe on account of rising terrorist attacks across the globe.

From the regional point of view, the Latin America airport security market is estimated to see significant progress through the review period owing to escalating number of air passengers in the region. Meanwhile, the Middle East & Africa airport security market is projected to amass considerable gains over the forecast period due to mounting investment towards airport infrastructure expansion in the region.