Airport Security Market Overview Report, 2016 to 2024

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Your Catalyst to a Lucrative Business Airport
Security Market Share, Size, Analysis, Growth,
Trends and Forecasts to 2024 Hexa Research
"The worldwide airport security market was valued
over USD 8.4 billion in 2015. It is projected at
about USD 13.4 billion by 2024"
The worldwide Airport Security Market was valued
over USD 8.4 billion in 2014. It is expected to
be around USD 13.4 billion by 2024 (2016 to 2024
- forecast period). Increase in air travel should
drive the need for well-organized security
systems. These systems comprise software for
better monitoring, detection, risk prevention.
Terrorism and crimes have encouraged worldwide
governments to make airport security stricter and
keep the same a higher priority.
Diverse innovative solutions and technological
advances have driven the airport security
market. Augmented demand for more effective
screening to decrease passenger hassles
enhance safety is also anticipated to propel
market growth in the near future. New
infrastructural developments airport constructio
ns provide growth prospects to the market.
Governmental mandates have driven innovative
safety systems, thus propelling market revenues.
Conversely, economic turmoil leading to
deficiency in funds for new developments
constructions can hinder the market. Also, the up
gradation of old airports is likely to hamper
market flow. High costs of new technologies may
prevent market growth.
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Suppliers and distributors execute a pivotal role
in procuring small products like access
controls, CCTV cameras, and hand-held devices.
Large-size equipments, such as road-blockers or
bollards, x-ray scanners, and detectors are
obtained directly from vendors on lease or
purchase orders. The airport security market is
divided into technologies and geographies.
Technologies include access controls, screening,
cyber security, surveillance, perimeter security,
and others. Access controls comprise keypads,
card readers, vehicle controls, and biometric
authentication. Screening occupied more than 45
shares in 2015. It encompasses full body scanners
or metal detectors, human pat-down searches,
hand-held detectors, and walk-throughs.
Large passenger volumes have boosted advanced
screening systems like backscatters, X-ray
technology, and millimeter wave. Cyber security
technology protects critical data and IT
infrastructure. These details are crucial for
computer reservation global distribution
systems. They are also important for air traffic
control information systems.
The said segment would experience the fastest
growth till2024. Its growth can be attributed to
innovative technologies and novel trends such as
IoT (Internet of Things), cloud storage, and Big
Data.
Geographies consist of North America, Latin
America, Europe, Asia Pacific, and Middle East
Africa (MEA). North America dominated the market
in the recent past. Middle East and Asia Pacific
are predicted to contribute global market sales.
Regional expansion owes to rising infrastructural
developments and passenger volumes.
Threats to the aviation industry from criminals
and extremist groups have emphasized the need
for improved, well-maintained, and advanced
security systems. In late 2013, the
International Air Transport Association (IATA)
and American Concrete Institute (ACI) jointly
signed a memorandum to develop Smart Security
or Smart S.
Smart S was an initiative focused on enhancing
the efficiency, safety, and experience of airport
passengers. The global airport security market is
consolidated, fragmented, diversified, and
competitive. Some of its key players are American
Science Engineering, L-3 Security Detection,
Safran Morpho, and Smiths Detection. American
Science Engineering generated about 50 of the
total incomes in 2014. Collaborations and
agreements are the frequent strategies through
which competitors try to gain an edge over others.
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Table of Content of Airport Security Market
1. Methodology Scope
1.1 Research Methodology
1.1.1 Initial Data Exploration 1.1.2 Statistical
Modeling and Forecast 1.1.3 Industry Insights and
Validation 1.2 Research Scope Assumptions 1.3
List of Data Sources
2. Executive Summary
2.1 Industry Summary of Airport Security Market
3. Industry Outlook
3.1 Airport Security Market Segmentation 3.2
Airport Security Market Size and Growth
Prospects 3.3 Airport Security Market
Dynamics 3.4 Key Opportunities Prioritized 3.5
Industry Analysis - Porter's
3.6 Market Share Analysis
3.7 Market PESTEL Analysis, 2016
4. Application Framework
4.1 Airport Security Market share by application,
2016 2024
5. Regional Outlook 5.1 North America
5.2 Europe
5.3 Asia Pacific
5.4 Latin America
5.5 MEA (Middle East and Africa) 5.6 RoW (Rest of
the World)
6. Competitive Landscape
6.1 American Science Engineering
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6.1.1 Company Overview 6.1.2 Financial
Performance 6.1.3 Product Benchmarking 6.1.4
Strategic Initiatives 6.2 L-3 Security
Detection 6.2.1 Company Overview 6.2.2 Financial
Performance 6.2.3 Product Benchmarking 6.2.4
Strategic Initiatives 6.3 Safran Morpho
6.3.1 Company Overview 6.3.2 Revenue Analysis
6.3.3 Product Benchmarking 6.3.4 Strategic
Initiatives 6.4 Smiths Detection
6.4.1 Company Overview 6.4.2 Revenue Analysis
6.4.3 Product Benchmarking 6.4.4 Strategic
Initiatives
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industries across the globe. We offer
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