09 March 2020
The airport security market has been seeing strong growth worldwide for many years, and this situation seems likely to remain stable for the foreseeable future. The combined threats of terrorism and disease outbreak continue to drive innovation and investment into the security sector. This includes security systems both on the ground, and in the air, intended to protect passengers and crew, as well as to prevent illegal activities.
In this report, we will briefly outline factors affecting the airport security market in 2020.
Primary Growth Factors in The Airline Security Market
The number of passengers on private airlines continues to grow worldwide, and this drives the need for ever-better security systems to protect them while preventing illegal activity. Stopping terrorist activities is the most obvious focus of airline security, but it also includes the prevention of smuggling, reducing the risks of cyber-crime, as well as discouraging other forms of mid-air violence.
The growth of passenger service has continued unabated, despite potential threats, and also despite increased governmental regulation of the airline industry. This trend is also likely to continue, although some economic uncertainty as well as the potential of military conflicts may create geographically isolated stagnation.
The Global Nature of Airline Security
The airport security industry is growing on every continent aside from Antarctica. Growth is expected across the Americas, Europe, Africa, the Middle East, and the Asia/Pacific region. High levels of economic growth and expansion are seeing air travel increase nearly across the board.
Dominant Players in The Airport Security Market
North America is expected to continue to dominate in terms of revenue, with many of the key industry players located in or closely linked to North America. Infrastructure continues to expand, as does passenger capacity. Europe also contributes significantly to innovation, although there is some reason to believe industry growth in North America and Europe may begin to stagnate as other regions ascend.
The biggest opportunities for growth are in Asia and the Middle East. China is looking towards substantially increasing the number of airports within its borders, which would bring a big boost to the security industry in this region. The Middle East is also poised for significant growth, although the ongoing problems with terrorism in the region add uncertainty and may discourage investment.
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The airport security market has been seeing strong growth worldwide for many years, and this situation seems likely to remain stable for the foreseeable future. The combined threats of terrorism and disease outbreak continue to drive innovation and investment into the security sector. This includes security systems both on the ground, and in the air, intended to protect passengers and …
09 March 2020
With more passengers traveling by air than ever before, the airport security market is experiencing significant growth in a range of market verticals that shows no signs of slowing. This surge in global passenger numbers coupled with increased airport security threats has led to a large uptick in airport eSecurity measures, as well as other innovative solutions utilizing emerging technologies. …