Airport Security Market Share, Size, Trends, Industry Analysis Report, By Type (Access Control, Cyber Security, Perimeter Security, Screening, Surveillance, and Others); Systems & Equipment (Metal Detector, Backscatter X-Ray System, and Others), Technology (RFID, Biometrics, and Others), By Region; Segment Forecast, 2022 - 2030
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. The report “Airport Security Market Share, Size, Trends, Industry Analysis Report, By Type (Access Control, Cyber Security, Perimeter Security, Screening, Surveillance, and Others); Systems & Equipment (Metal Detector, Backscatter X-Ray System, and Others), Technology (RFID, Biometrics, and Others), By Region; Segment Forecast, 2022–2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
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%.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook