- Opportunity and Forecast, 2016-2025
Airport security involves techniques and methods used to protect staff, passengers, and planes against crime, accidental harm, and other potential threats. Nowadays, activities from terrorist organizations, smugglers, and other groups to threaten national security and spread terrorism are on a continuous rise. Thus, airport security aims to protect airport and the country from threatening events, assure public safety, and avoid threats arising from dangerous situations. Supporting anti-terrorism policy and national security is vital for aviation security. Security guards, paramilitary forces, and paramilitary forces are employed in airport security service to protect people from potential threats.
Need to counter criminal activity, rise in passenger volume, and increase in airport construction & upgrade activities a drive the growth of the global airport security market. However, budgetary constraints and effective installed equipment base limit this market growth. On the other hand, increased reliability, compatibility with the current system, and high return on investment (ROI) are factors that create new avenues to capitalize on.
The global airport security market is segmented on the basis of technology and region. Based on technology, the market is divided into perimeter cybersecurity, security, screening, surveillance, access control, and others. The market is subsegmented regionally into North America, Asia-Pacific, Latin America, Europe, and Middle East & Africa.
Key market players operating in the industry are Safran Morpho, Smiths Detection, L-3 Security & Detection, American Science & Engineering, OSI Systems (Rapiscan), AutoClear LLC, CEIA, Bosch Security Systems, and Lockheed Martin. These key players have formulated strategies, such as collaborations, expansion, mergers & acquisitions, joint ventures, partnerships, and others, to maintain their strong market position and gain a competitive edge in the global industry.
The global garage door openers market is expected to reach $1,740.26 million in 2025, from $1,081.61 million in 2016, growing at a CAGR of 5.49% from 2017 to 2025. The ... Read More >>