Airport Security Market Innovation and Current Business Trends by 2024

Airport Security Market
The rising trend of IoT technology has further fuelled the demand for airport security market. For instance, Birmingham Airport has implemented a solution that accurately measure queues and predict waiting times. These technologies, which include RFID baggage reconciliation systems, e-gates, and more. Smart technologies, however, owing to their increased dependence on the internet, are more susceptible to thefts and hacking attacks.

Airport Security Market accounted for a revenue of over USD 16 billion over the forecast timespan. Continuous evolution of criminal activities, such as data thefts, cyber-attacks, and hijackings, in terms of technological complexity and method of execution is a major factor driving the airport security market. Rise in terroristic and smuggling attacks has led to governments of various economies to undertake stringent safety measures and protocols for the safeguarding of human life and protection of financial data and consumer trust.

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Furthermore, occurrence of these activities can disrupt business for elongated periods of time, making the airport unusable. For instance, in June 2016, mass shooting and bombing attacks at Ataturk Airport in Instanbul was responsible for more than 230 casualties. Rapid industrialisation and globalization has propelled the global passenger traffic. Governments across various regions, primarily in the South-East region, are undertaking large scale construction activities for the development of new and modification of existing airport infrastructure, contributing to the growth of the airport security market.

Technological advancements are revolutionizing the landscape of the airport security market. To tackle the issues of passenger inconvenience stemming from long waiting times and physical body checks, the companies operating in the industry are highly focusing on the R&D activities. For instance, innovations including SmartGate passport processing, IP-based surveillance and biometric facial identification are currently being trailed at international hubs across the world and have led to massive improvements in efficiency and comfort levels as opposed to conventional systems.

The screening application segment of the airport security market is anticipated to dominate in terms of revenue during the forecast timespan. Various governments, in light of rising attacks, have initiated stringent baggage and traveller scanning protocols. For instance, the Liquids Rule issued by the Transportation Security Administration in the U.S restricts the quantity of fluids in hand-held baggage. This is to dissuade terrorist attacks from the carriage of corrosive and acidic liquids that can pose a security threat.

Tourism and large-scale business development is anticipated to drive the airport security market in the Middle East and Africa region. There is a substantial increase in internal and religious conflict and the need for advanced systems to cater to the increasing traveller population encountered per day. For instance, in 2015 the Abu Dhabi airport had deployed the automated document authentication systems to help the passengers in scanning their mobile or home-printed or traditional boarding pass and further speed up the validation process and reduce queue waiting times.

The companies operating in the global airport security market include Axis Communication, CEIA, BOSCH Security Systems, IBM Corporation, G4S PLC, Hitachi Ltd, Lockheed Martin Corporation, Scanna MSC Ltd., Siemens AG, Vision-Box, and Thales Group. The vendors work in close collaboration with the end-users for the testing of their technologies. For instance, the testing of Vision-Box facial recognition software has been initiated in the Charles de Gaulle Airport to speed immigration processes while reinforcing security.

Browse key industry insights spread across 126 pages with 59 market data tables & 30 figures & charts from the report, “Airport Security Market Size By Technology (Perimeter Security, Cybersecurity, Surveillance, Screening, Access Control), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, China, India, Japan, ANZ, Brazil, Mexico, Saudi Arabia, UAE, Africa), Application Potential, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:

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Table of Content (TOC-)

Chapter 3.   Airport Security Industry Insights

3.1.  Industry segmentation

3.2.  Industry landscape, 2013 – 2024

3.3.  Industry ecosystem analysis

3.3.1. Vendor matrix

3.4.  Technology & innovation landscape

3.4.1. Screening lanes

3.4.2. CT scanners

3.4.3. Automated document authentication

3.5.  Regulatory landscape

3.5.1. Liquids Rule

3.5.2. Regulation (EU) 2015/1998

3.6.  Industry impact forces

3.6.1. Growth drivers

3.6.1.1.    High risks associated with the terrorist attacks in the U.S

3.6.1.2.    Advent of new regulations associated with the security needs in Europe

3.6.1.3.    Airport construction and upgrade activities in Asia Pacific

3.6.2. Industry pitfalls & challenges

3.6.2.1.    Budget constraints

3.6.2.2.    Airport cybersecurity threats

3.7.  Growth Potential Analysis

3.8.  Porter’s analysis

3.9.  Competitive landscape, 2016

3.9.1. Strategy dashboard

3.10.  PESTEL analysis

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