The global airport security market size was valued at USD 11.5 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.8 % from 2022 to 2030 and reach around USD 22.7 billion. Airport security is a broad term that refers to a variety of devices, systems, and technologies that keep passengers safe while in the airport and while flying. X-rays, scanners, metal detectors, 3D scanners, biometrics scanners, and other devices, systems, and technologies are just a few of the many devices, systems, and technologies used in airport security. These are intended to protect passengers from bombers, terrorists, and other potentially dangerous members of society.
Air travel is becoming more popular around the world. With an increase in terrorist activities, goods smuggling, hijackings, and shoot-outs in high-risk locations like airports, the need for airport security is greater than ever. Governments all over the world have recognized the need and are taking steps to address it. Airport security became a global issue after the 11 September 2001 attacks in the United States. Following the attack, US lawmakers made airport security a federal issue and established the Transportation Security Administration (TSA) (Transportation Security Administration). Passenger and cargo safety are now governed by strict government regulations, which has a positive impact on the global airport security market. Airport security regulations, military conflicts, and macroeconomic recession are some of the factors that could slow market growth in the forecast years. Furthermore, the high cost of installation and maintenance of airport security solutions has stifled market growth to some extent. Biometrics, artificial intelligence, the Internet of Things, and robotics are among the cutting-edge technologies that are transforming the global market.
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The growth of various industries has been aided by an increase in domestic and international tours. People used to visit different cities. They prefer air travel for domestic & international market as well. It promotes tourism, trade, and connectivity, as well as economic growth, job creation, improved living standards, poverty alleviation, and a lifeline for remote communities in the event of disasters. These elements contribute to the growth of the airport security market.
The need to protect passengers from explosives and other consequences of cross-border terrorism, smuggling, and illegal drug trading is propelling 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 are a threat to a company's market credibility and brand image as well as a 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.
These gadgets, systems, and technologies can be quite 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 bigger challenge for this market to improve the security measures for the consumers by consuming very less time. These are some of the factors limiting the growth of the airport security market.
The fact that demand is beginning to pick up now that travel and tourism are growing rapidly. It creates numerous opportunities for manufacturers and producers in the Airport Security 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 much more effectively protect passengers and airport staff. These businesses can also justify charging higher prices for them.
The global airport security market share is divided into two categories: technology and geography.
The airport security market has been divided into the following categories:
The 3-D scanning subsector in the technology sector will have the highest CAGR of all the subsegments. 3-D scanners are useful for detecting 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 of this while scanning the entire contents of the bag.
The airport security market is separated into the following regions:
The North American region had the largest market share. The Transportation Security Administration (TSA) is the agency in charge of governing and setting standards for passenger security and travel. Manufacturers must adhere to strict standards, rules, and regulations. Because they are simple, manufacturers find them easy to follow.
The United States is home to many manufacturers of airport security systems, devices, and technologies.
The global airport security market is divided into four regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa (LAMEA).
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Because of the prevalence of stringent government regulations and high adoption of innovative security technologies in the region.
North America has the highest revenue share in the global airport security market. TSA (US) tested a new screening technology, a computed tomography (CT) scanner, for passenger carry-on luggage screening. The other technology in use is Credential Authentication Technology (CAT), which allows TSA to validate the security features of a passenger's photo identification and compare it to the Secure Flight Vetting system.
Terrorist attacks in Europe, such as those in Brussels and Istanbul, have prompted governments to enact strict security measures, which are expected to drive market growth in the region.
Economic development, increased air travel volume, terrorist attacks, and security breaches have all contributed to the Asia Pacific is the fastest-growing region in the airport security market. Furthermore, the region's developing economies are investing in new airport construction projects, which will provide new growth opportunities for participants in the future. According to Airport Technology, China's Civil Aviation Administration (CAAC) plans to build 216 new airports by 2035 to meet rising air travel demand.
Governments across Latin America, the Middle East, and Africa are investing heavily in the development and modification of new and existing airport infrastructure, resulting in a surge in demand for airport security solutions.
|Market Size||USD in Billion By 2030|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends|
|Segments Covered||by Technology (Cyber Security, Perimeter Security, Screening, Surveillance, and Access Control)|
|Geographies Covered||North America, Europe, Asia-Pacific, LAME and Rest of the World|
|Key Companies Profiled/Vendors||Bosch Sicherheits systems Gmbh (U.S.), Autoclear, LLC. (U.S), Lockheed Martin Corporation (U.S.), Smiths Detection Inc. (U.S.), Siemens Ag(Ge4rmany), Osi Systems, Inc (U.S.) and Safran ( France).,|
|Key Market Opportunities||Growing Prevalence Of Aerospace And Defense Industry Helps To Grow Airport Security Market Share|