At 7% CAGR, Airport Security Market will reach 16 billion USD by 2024
Jan 16, 2019
MarketStudyReport.com Adds New Airport Security Market 2017 – 2024 research report providing information and data By Technology, Industry Analysis, Regional Outlook, Growth Potential, Trends, Competitive Market Share & Forecast spreading across 126 Pages with 89 table and figures in it.
Selbyville, Delaware - January 16, 2019 /MarketersMedia/ —
The North America airport security market is anticipated to dominate in terms of revenue in the following years. This is mainly attributed to the high emphasis of the U.S government on security measures such as surveillance cameras and cyber security solutions. The Transportation Security Administration (TSA) has launched the testing of 3D checkpoint scanning technology at the Phoenix Sky Harbor and the Logan International Airport. The computed tomography screening equipment improves the threat detection capabilities by providing a more through 3D image of the screened cargo.
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Airport Security Market Research Report for the period of 2017-2024 that shows the growth of the market is rising at a 7% CAGR to 2024. The data in this Airport Security market research is collated via multiple channels including but not limited to primary and secondary sources, databases, business specific references and others. The study aims to offer not only commercial data but also includes analysis of important factors, technical as well as market-oriented insights. Players in the Airport Security market including established companies, new entrants and everyone in between this industry chain covering suppliers, experts, manufacturers, service providers, traders, distributors, consumers / clients and others may find value in this research. Companies profiled include American Science and Engineering, Inc, Auto Clear LLC, Axis Communications, BOSCH Security Systems, CEIA, Fisher Research Laboratory, FLIR Systems, G4S PLC, Hitachi Ltd, IBM Corporation, L-3 Communications Security & Detection Systems, Lockheed Martin Corporation, MilliVision Technologies, OSI Systems, IncRedXDefense LLC, Safran Identity and Security SAS, Scanna MSC Ltd, Siemens AG, Smiths Detection LLC, Thales Group, Westminster Group PLC.
Airport Security Market is set to exceed USD 16 billion by 2024. The rising penetration of smart technologies and IoT in airports is fueling the demand for airport security market. These include technologies such as remote check-ins, sensor equipment, e-gates, RFID baggage reconciliation systems, etc. A major portion of the data is collected in real-time and stored in large central databases. The presence of security issues in such cases can leave the data vulnerable to attacks from internal and external parties. Wireless tracking technologies, for instance, can allow a hacker to utilize triangular algorithms or Received Signal Strength Indication (RSSI) Information to track the location of the Wi-Fi end-point user and unearth historical data such as the route taken by the users, purchasing data, etc.
The geographical terrain of Airport Security market spans the major regions of North America, Europe., Asia Pacific, and Latin America, Middle East & Africa (MEA). The report categorizes the regional spectrum into a slew of sub-domains, comprising the current market value, future valuation, and the forecast estimates, individually researched and analyzed in terms of the capacity, product, fuel and application trends.
A major factor contributing to the high growth of the airport security market is the increase in the traveler populations, primarily in the Middle East and Asia Pacific. Large scale globalization and rapid industrialization is driving the movement of goods and people across country borders. Owing to this, airports in urban locations are increasingly experiencing high passenger traffic causing governments of varying economies to undertake massive projects for the upgrade of existing technologies and the development of new airports. In the aftermath of the 9/11 attacks, the U.S government has increased the stringency of security procedures in and around the aircraft and passenger areas.
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Table of Content:
Chapter 1. Methodology & Scope
Chapter 2. Executive Summary
Chapter 3. Airport Security Industry Insights
Chapter 4. Airport Security Market, By Technology
Chapter 5. Airport Security Market, By Region
Chapter 6. Company Profiles
Outer scope of this report Airport security market is predicted to harvest profitable returns in the coming years specifically from the rising popularity of cybersecurity, owing to the growing awareness about cybersecurity and increasing frequency of cyber-attacks. Cyber-attacks can be steered from within the airport compound or from a remote location. Giant airports that handle enormous critical data pertaining to customer’s monetary and personal information are extensively susceptible to these attacks, thereby propelling the implementation of airport security products. For instance, a cyber-attack caused Bristol Airport’s flight detail display screens to go blank for two days. Reportedly, the information screens were shifted offline in response to an attack analogous to the ransomware attack. The burgeoning threats of cyber-attacks will thus lead to enhanced product demand in the years to come.
More Details on this Report At: https://www.marketstudyreport.com/reports/airport-security-market
Related Report:
Global and Chinese Airport Security Screening Systems Industry, 2018 Market Research Report
Global and Chinese Airport Security Screening Systems Industry, 2013-2023 Market Research Report' is a professional and in-depth study on the current state of the global Airport Security Screening Systems industry with a focus on the Chinese market. The report provides key statistics on the market status of the Airport Security Screening Systems manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.Firstly, the report provides a basic overview of the industry including its definition, applications and manufacturing technology. Then, the report explores the international and Chinese major industry players in detail. In this part, the report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for each company. Through the statistical analysis, the report depicts the global and Chinese total market of Airport Security Screening Systems industry including capacity, production, production value, cost/profit, supply/demand and Chinese import/export. The total market is further divided by company, by country, and by application/type for the competitive landscape analysis. The report then estimates 2018-2023 market development trends of Airport Security Screening Systems industry. Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out. In the end, the report makes some important proposals for a new project of Airport Security Screening Systems Industry before evaluating its feasibility. Overall, the report provides an in-depth insight of 2013-2023 global and Chinese Airport Security Screening Systems industry covering all important parameters.
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Source URL: https://marketersmedia.com/at-7-cagr-airport-security-market-will-reach-16-billion-usd-by-2024/471189
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