Airport Security Market

Market Overview

The global airport security market size was valued at USD 13.25 billion in 2022. It is projected to reach USD 25.91 billion by 2031, growing at a CAGR of 7.74% during the forecast period (2023–2031).

Airports are the entry points to the world economy for both the exchange of goods and the movement of people. Passenger security has undoubtedly received the most attention recently regarding airport security. However, any airport security strategy must include airport security as a crucial and fundamental component. The main goal of airport security is to integrate security solutions for the military, operators, back-office staff, security personnel, and air traffic control. Airport authorities across the board are using procedures by stringent government directives and regulations, helping them to secure entry points around the globe. The administration uses surveillance, screening equipment, real-time locating systems, cybersecurity, access control, and security bollards.

Airports serve as crucial transit hubs for international business operations, so security is essential for ensuring ongoing business continuity. As a result, one of the leading market drivers is the requirement for business continuity. The need for effective security measures due to the rising threat of terrorism to the ports drives the market. Additionally, governments worldwide recognize how crucial it is to provide adequate security measures at ports, which has resulted in several government initiatives to strengthen port security. The main barrier to the market is the inconsistency that prevents security agencies from providing security at the same level everywhere. A growing number of airports and the economic progress of developing countries present the market with numerous expansion opportunities.

Market Dynamics

Global Market Drivers

Travel and Tourism Are Increasing

Increased domestic and international tours have aided the growth of various industries. People used to visit different cities. They prefer air travel for domestic & international markets as well. It promotes tourism, trade, connectivity, economic growth, job creation, improved living standards, poverty alleviation, and a lifeline for remote communities in disasters. These elements contribute to airport security market growth. Infrastructure improvements and the expansion of new airport construction continue to present lucrative opportunities for the sector. Security legislation is continuously updated and modified to address terrorist or criminal activity. Lowering wait times and increasing passenger awareness of the technology are anticipated significant trends for the industry's expansion.

Rising Cyber-Security Attacks at the Airport

The need to protect passengers from explosives and other consequences of cross-border terrorism, smuggling, and illegal drug trading propels the airport security market forward. Another significant driver is the growing need for specific personnel to have access to airport-restricted control areas. The airline industry, in particular, has access to large amounts of data generated by newer technologies like the Internet of Things. Airlines face several challenges if this data is compromised during a cyber-attack. Nothing could be more clichéd than to say that cyber-threats and terrorism are on the rise and have impacted every business on the planet. Cybersecurity threats threaten a company's market credibility, brand image, and financial challenge. Given the competitive nature of today's markets, no company can afford to take either of these risks. Attacks on the travel industry, particularly the airline industry, are not uncommon.

Global Market Restraint

Minimizing the Inconvenience for the Customer

These gadgets, systems, and technologies can be pretty costly. Installing and maintaining them can also be very costly. While going through the security check with several devices available at the airport for security check will consume more time for the consumers. So, it is a more significant challenge for this market to improve consumer security measures by consuming significantly less time. These are some of the factors limiting the growth of the airport security market. The main factors limiting the airport security market growth are the high deployment and maintenance costs of airport security. The technical problems that have arisen with airport security systems are acting as market restraints that also impact the rate of airport security expansion.

Global Market Opportunities

Growing Demand for Air Travel

Demand is picking up now that travel and tourism are proliferating. It creates numerous opportunities for manufacturers and producers in the market. They're putting millions of dollars into research and development. This enables them to create and market a new generation of more effective airport security technologies, systems, and devices that protect passengers and airport staff. These businesses can also justify charging higher prices for them. Expanding air passenger traffic will help the market grow. The global preference for air travel and the expanding commercial aviation industry is anticipated to drive growth in the market for airport security systems. To improve the airport’s boarding process efficiency, authorities are replacing manual security systems with automatic systems. This will therefore increase the market's potential for growth.

Regional Analysis

The global airport security market is bifurcated into four regions: North America, Europe, Asia-Pacific, and LAMEA.

North America Dominates the Global Market.

North America is the most significant shareholder in the global market and is expected to grow at a CAGR of 7.38% during the forecast period. The U.S. and Canada are included in the analysis of the airport security market in North America. The market share among regions has undergone a significant change in this industry. One of the main forces driving growth in these areas is the escalating threat of terrorism. Growth is expected to be fueled by the increasing importance of accelerating entry and exit processes at airport security checkpoints. This results from the increasing demand for security against criminal and illegal activity and the growth of technological innovation and advancement in this area. Adopting access control, screening, and governmental regulations about aviation safety positively impacts monitoring technology.

Asia Pacific is expected to grow at a CAGR of 7.92% during the forecast period. China, India, Japan, Australia, and the rest of Asia-Pacific are all included in the analysis of the Asia-Pacific airport security market. The ongoing plans of the civil aviation authorities to invest in new airport construction and the rising threat of terrorist activity at the airports in the area are driving up demand for the market. Countries like China and India are increasing their investments in building new airports, expanding existing airports, and modernizing the aviation infrastructure in the region due to the region's airports seeing an increase in passenger traffic. The new robots can independently travel patrol routes equipped with 360-degree, stereo, and PTZ cameras, laser sensors, bumper sensors, ultrasonic sensors, and PSD sensors, as well as sensors for internal temperature and battery temperature.

Segmental Analysis

The market is segmented by security type, equipment, technology, and application.

Based on security type, the global market is bifurcated into access control, cyber security, screening, surveillance, perimeter security, and others.

The cyber security segment is the highest contributor to the market and is expected to grow at a CAGR of 7.64% during the forecast period. It is due to a rise in demand for cybersecurity services and protecting important aviation-related data. Cyber security solutions aim to safeguard critical information and IT infrastructure. These solutions are essential for information systems like Air Traffic Control (ATC), Computer Reservations Systems, and Global Distribution Systems (CRS/GDS). However, the surveillance systems category was the largest segment because countries like the United States, China, and India made significant investments in surveillance.

Based on equipment, the global market is bifurcated into backscatter x-ray systems, fiber optic perimeter intrusion, metal detectors, and others.

The backscatter X-Ray systems segment is the highest contributor to the market and is expected to grow at a CAGR of 7.8% during the forecast period. A sophisticated X-ray imaging technique is backscatter X-ray. By varying the x-ray intensity transmitted through the target, conventional X-ray machines can distinguish between hard and soft materials. Backscatter X-ray, on the other hand, picks up the radiation that the target reflects. It may be used when a less destructive examination is necessary and can function even when only one side of the target is accessible. The technology is one of two kinds of whole-body imaging systems used to conduct full-body scans of passengers on airplanes to find concealed weapons, tools, liquids, narcotics, currency, and other contraband.

Based on technology, the global market is bifurcated into 3D scanning, biometrics, RFID, and others.

The 3D scanning segment is the highest contributor to the market and is expected to grow at a CAGR of 7.9% during the forecast period. The 3-D scanning subsector in the technology sector will have the highest CAGR of all the subsegments. A real-world object or environment is analyzed using 3D scanning to gather information about its shape and perhaps appearance. Digital 3D models can then be created using the gathered data. 3-D scanners help detect items that may be concealed in bags made of various materials. They can also be used to detect dangerous items in stuffed bags. This is possible because these scanners can rotate and provide a 360-degree view of the contents of a specific bag. It can do all this while scanning the entire contents of the bag.

Recent Developments

• October 2022, The eDVR Series has recently been added by Hikvision to its growing list of SMB security solutions. The embedded solid-state drive (eSSD)-based eDVRs from Hikvision is small, strong, simple to use, and energy-efficient. This means that they are perfect for residential and small-to-medium-sized business applications.
• November 2022, The launch of Teledyne FLIR Defense's new MUVE R430 drone sensor payload, which can remotely detect and identify radiation sources and radiological hazards in various use scenarios, was announced today at CBRNE Convergence.