Global Airport Security Market:
Overview
Airport
security includes several methods and techniques used to protect staff,
passengers, and planes from malicious and/or accidental harm, threats, and other
crime. Airport security is together the combination of material resources and
human to protect the civil aviation from illegal interference. Illegal
interference includes acts of sabotage, terrorism, threat to property and life,
communicating wrong threat, bombing, and so on.
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Global Airport Security Market:
Growth Factors
The need of
providing proficient security along with increasing demand for air travel each
year are anticipated to boost the global airport security market in the near
future. Issues regarding goods smuggling, terrorist activities, and
safeguarding of passengers are further expected to propel the growth of the
global market in the coming years. The global market has witnessed considerable
growth in the past years in spite of significant changes in demand; this is
mainly owing to discrete economic conditions existing in various regions all
around the world. Growing demand of air travel will in turn result in the
increased need for safety and reduced time for security procedures. Strict
government rules for goods and passengers safety is further anticipated to
impact the global airport security market in a positive way. Several factors
such as macroeconomic recessions, vague economic conditions, and military conflicts
may hinder the global market growth to some extent.
Global Airport Security Market:
Segmentation
The global
airport security market is segmented on the basis of technology and region.
Based on the technology, the global market is segmented as cybersecurity,
perimeter security, screening, surveillance, and access control. On the basis
of geography, the global airport market is categorized as Asia Pacific, North
America, the Middle East and Africa, and Europe.
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Global Airport Security Market:
Regional Analysis
North
America is anticipated to dominate the global airport security market in terms
of revenue. This growth can be attributed mainly to the U.S. mainly due to
presence of the key players, the growing infrastructural developments, and
increasing volumes of passengers in this region. Furthermore, China is in plans
to increase the number of airports in the future so as to enhance the economic
development. Increasing disposable income, rising incidences of security
breaches, and increasing new construction projects in Asia Pacific are further
expected to boost the growth of the global market in this region. Moreover, in
Middle East and Africa, the ISIS terror attacks have resulted in growing concerns
between the operational regulatory bodies.
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Global Airport Security Market:
Competitive Players
Some of the
major players in the global airport security market are L-3 Security &
Detection, Safran Morpho, Smiths Detection, American Science & Engineering,
and OSI Systems (Rapiscan). Other key players in the global market include
Bosch Security Systems, AutoClear LLC, Lockheed Martin, and CEIA.
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