The Global Market for Airport Security Equipment is Forecast to Reach US$13.9 Billion by 2022
Airports as Conduits for Spreading Terrorism Throws
the Spotlight On the Ever-Present Importance of Airport Security, According to a
New Report by Global
Industry Analysts, Inc.
GIA launches comprehensive analysis of
industry segments, trends, growth drivers, market share, size and demand
forecasts on the global Airport Security Equipment market. The global market for Airport Security Equipment is forecast
to reach US$13.9 billion by 2022, driven
by the rise in terror plots and increase in terror attacks on international
airports.
Airports are gateways to the global
economy and represent a key transit point for global business operations. A
large number of the most deadliest terrorist attacks therefore have been on
international airports. Over the last few years, despite the increase in
security measures undertaken, airports continue to be preferred targets for
terror attacks. Airport security breaches continue to rise especially in
commercial aviation largely because airports as popular public crowded places
are perfect for inflicting the most damage on human life as it enables
successful implementation of carnage plans.
Also airports as enablers of global trade and business are perfect for
making the deepest global impact in terms of publicity and media coverage,
disruption of cross border trade, and interruption in business travel. In
addition to striking local panic, airports are also effective for wrecking
geopolitical instability since international airports are frequented by
citizens from all over the world. Airports are therefore desirable targets for
unleashing psychological warfare on a global scale. Attacks on airports can
take the form of suicide bombers, aircraft hijacking, and mass shooting.
Against this backdrop, there is growing
global and regional focus on securing airports and airstrips. In the United
States, airport security gained special prominence post 9/11 attacks.
Interestingly the shock waves of the attacks in the U.S also sent governments
in other countries into red alert with several of them reviewing their security
strengths and weaknesses thus leading to significant and sweeping changes in
design, financing and provision of the aviation security worldwide. Several
governments across the world are adding additional layers of security at
airports in an attempt to save lives, property and prevent damage to business,
society and the economy at large. Airport security is therefore evolving into
an integral part of airport infrastructure in the aviation industry and is
currently treading the long path towards playing a major role in airport asset,
passenger, airfreight, and infrastructure safety and security. Other major
factors driving growth in the market include stable world outlook for
commercial aviation; strong growth of airport cyber security; recent rise in suicide bombing, gun attacks and the
ensuing increase in demand for explosives detection systems; growing
investments in unobtrusive full body scanners in response to consumer
discomfort with physical search; rise of biometrics Technologies for identity verification and access control at
airports; and rising investments in automated e-Gates in a bid to achieve expedited
travel and positive passenger flying experience.
As stated by the new market research
report on Airport Security Equipment, the United States represents the largest market
worldwide supported by the country’s aggressive national strategy for combating
terrorism. Asia-Pacific ranks as the fastest growing market with a CAGR of 6.8%
over the analysis period led by factors such as strong economic growth and
parallel increase in air transport and trade; new airport constructions,
development projects and modernization plans in developing Asian countries;
stricter implementation of security procedures; growing stringency of safety
regulations; spread of Islamic terror networks across Southeast Asia; regional
terrorism risk assessment, concerns over Southeast Asia becoming a terror
hotbed and the ensuing increase in anti-terrorism financing.
Major players in the market include Robert
Bosch LLC, Autoclear, LLC, Johnson Controls International plc, American Science
and Engineering Inc., Analogic Corporation, Ayonix Corporation, C.E.I.A.
S.p.A., DSG Systems AS, Honeywell International Inc., IKUSI – Ángel Iglesias
S.A, L3 Security & Detection Systems, Nuctech Company Limited, Optosecurity
Inc., Rapiscan Systems, RESA AIRPORT DATA SYSTEMS, Rockwell Collins, Safran
Identity & Security, Siemens AG, SITA and Smiths Detection Watford Ltd.,
among others.
The research report titled
“Airport Security Equipment: A Global Strategic
Business Report” announced by Global
Industry Analysts Inc., provides a comprehensive
review of market trends, issues, drivers, mergers, acquisitions and other
strategic industry activities of global companies. The report provides market estimates and
projections for all major geographic markets such as the USA, Canada, Japan,
Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe),
Asia-Pacific, Middle East, and Latin America (Brazil and Rest of Latin America).
Airport Security Equipment market is analyzed by the following segments -
Explosives Detection, X-ray & Infrared Equipment, Metal Detectors,
Perimeter & Access Control, Biometrics Equipment, Alarms & Sensors,
Video Surveillance, Intercom & Video Door Phones, and Others (Includes Building Management Systems (BMS),
Command Control Communication & Integration, and Cyber Security, among
Others).
Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA,
All Rights Reserved.
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