Airport security market is expected to expand CAGR of 5.1% over the forecast period i.e. 2016-2024.

Posted on 2018-10-31 by Goldstein Research in Aerospace // 0 Comments

New York, USA, 2018-Oct-31 — /EPR Network/ —Growing air passenger traffic and volume led the airport authorities to adapt to the requirements and to become more active towards moving aviation dynamics. The primary aim of the smart airports across the globe is to make systems connected, intellectual and uncomplicated access by everybody. Approximately two third of the airports across the globe are planning major IT developments in passenger effortless self-service solutions with precise smart security solutions to cope up with the emerging need for smart security solutions with growing passenger traffic. More than 38% airports around the world will be incorporated by the digital technologies such as interactive way findings, smart tracking of passengers and smart check-in services. Many major international airports have adopted advanced security technologies to advance their security needs. For instance, the self-service check-in kiosk systems were installed at the London Heathrow Airport not only enhance passenger travelling experience but also to expedite the screening process precisely.

“Global Airport Security Market Outlook, 2016-2024” covers the present ground scenario and future opportunity prospects for the market players to analyze the target markets across the globe. Moreover, the competitive analysis includes the in-depth analysis of the major players and leaders in airport security solutions industry.

The market study conducted on the basis of primary as well as secondary research where the analysts fragment the data from various databases such as Bloomberg, Factiva, Owler and others. Our primary research team conducted various interviews, surveys and group discussions of industry professionals, airport security solutions manufacturers, aftermarket vendors and component suppliers to analyze the future prospects of the overall airport security solutions industry.

Download Exclusive Sample Report: https://www.goldsteinresearch.com/request-sample/global-airport-security-solutions-market

Market Segmentation

Global Airport Security Market Segmentation can be classified on the basis of:-

By Technology Type

Access control
Cybersecurity
Perimeter security
Screening
Surveillance

By Component Type

Software
Hardware
Services

By Geography

North America (US, Canada) {Market Share (%), Market Size (USD Billion)}
Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion)}
The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Market Share (%), Market Size (USD Billion)}
Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion)}
Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion)}

Browse Full Report: https://www.goldsteinresearch.com/report/global-airport-security-solutions-market

Market Trends, Drivers and Challenges

Megatrends such as rapid urbanization and globalization in today’s world continue to influence society through the ever-growing mobility of air passenger and goods. The major challenge for airports as entryways to the extensive world is to proficiently accommodate the hassles of the escalating passenger and cargo traffic. In addition to this, guaranteeing the complete safety and security of passengers, staff, airport possessions and structure remains the major concern at all times. Passenger traffic across the globe is swelling with 5% Y-O-Y growth coupled with rising IT expenditure by the airport authorities to lower their operating expenditures and to implement advanced technologies will significantly fuel the growth of global airport security solution market.

However lack of funding and delayed airport development projects are some major challenges affecting the growth of smart airport security solution market. For instance approximately USD 20.0 billion average annual funding required for U.S. airports, which is expressively higher than the funding accessible through annual AIP grants and airport generated net revenue. It shows, existing authorized funding system cannot meet U.S. airport infrastructure needs for updating and expanding airport capacity which is important for a safe, effective and globally competitive aviation system.

“Global Airport Security Industry Analysis” has been prepared based on an in-depth market analysis from industry experts. The market research report covers the competitive landscape and current position of major players in the market space. The report also includes Porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. The global Airport Security Market report also recognizes value chain analysis to understand the cost differentiation to provide the competitive advantage to the existing and new entry players.

About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear-cut forecasts.

Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on ICT market research to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in the rigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable for our clients’ needs and business agenda.

Matched content

Editor’s pick