Rise in Terror Plots & Increase in Terror Attacks on International Airports Drive the Global Market for Airport Security Equipment
The global market
for Airport Security Equipment is forecast to reach US$15.7 billion by 2024, driven by the
rising threat of global terrorism and use of airports as conduits for spreading
terrorism.
A
large number of the most deadliest terrorist attacks have been on international
airports and sea ports. 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 which remains a popular choice for terrorists to spread violence. This
is 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.
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. With global terrorist organizations including the
Islamic State and Al-Qaeda continuing to demonstrate interest in carrying out
attacks on the aviation industry, airport security technologies are poised for
a period of healthy growth. In addition to the ever-present threat of aviation
terrorism, the global market is expected to be driven by other equally
important factors such as healthy outlook for the commercial
aviation industry; continuous rise in passenger and cargo traffic; increase
in the number of new airport constructions worldwide especially in emerging
markets; modernization of existing airports in developed countries; growing
awareness over the need to curb international and domestic terrorism;
regulatory obligations that force mandatory upgrades of airport security
infrastructure; increasing public as well as private investments in airport
security; stringent international aviation safety & security standards and
continuous technology advancements and innovation.
Multi-functional
safety and security systems that facilitate communications, reporting, staff
check-in, crowd control, and emergency management are growing in demand for
their ability to reduce costs and enhance operational performance. These
systems are designed to enable decision-making and turn huge data volumes into
actionable information in case of emergencies. Airports are increasingly
shifting towards IP-based networked and integrated platforms that help airports
lower overall IT needs and eliminate the need to train security personnel and
also provides authorities with a single control console to perform tasks
efficiently. Demand is particularly strong for automated screening equipment
due to benefits of real time data intelligence and faster screening process.
Commercial development of artificial
intelligence (AI) is bringing in the promise of reduced passenger security
and screening wait time. Benefits of AI in airport security include ability to
scale down security control rooms in terms of cost, size and personnel
staffing; better ability to focus human resources on resolving customer issues,
and handle ambiguous information that require human discretion and judgement;
ability to automate repetitive tasks; and enhance the accuracy of data
analysis.
As
stated by the new market research report on Airport
Security Equipment, Asia-Pacific ranks as the fastest growing market with a
CAGR of 7.2% over the analysis period led by strong economic growth and
parallel increase in air transport and trade; new airport constructions,
development projects and modernization plans in developing Asian countries;
growth in commercial air passenger traffic, parallel increase in the need for
security reforms and the ensuing stricter implementation of security
procedures; and spread of Islamic terror networks across Southeast Asia and
concerns over the region becoming a terror hotbed.
Major
players in the market include Analogic Corporation, Autoclear, LLC, Axis
Communications AB., Ayonix Corporation, Bertel O. Steen Airport Solutions AS,
Brijot Imaging Systems, C.E.I.A. S.p.A., Gilardoni S.p.A., Honeywell
International Inc., IDEMIA, Johnson Controls International PLC, L3 Security
& Detection Systems, Mistral Security Inc., Nuctech Company Limited, OSI
Systems, Inc., OSSI, RedXDefense, RESA AIRPORT DATA SYSTEMS, Robert Bosch LLC,
Rockwell Collins, Siemens AG, SITA, Smiths Detection Watford Ltd., Thruvision
Ltd., Vanderlande Industries B.V., and Westminster International Ltd. among
others.
The research report titled
“Airport Security Equipment - Market Analysis, Trends,
and Forecasts” 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 U.S., Canada, Japan, Europe (France, Germany, Italy, UK,
Spain, Russia and Rest of Europe), Asia-Pacific (Australia, China, India,
Indonesia, New Zealand, South Korea, Thailand and Rest of Asia-Pacific), Middle
East, and Latin America (Brazil and Rest of Latin America). Product segments
analyzed in the report include Explosives Detection, X-ray & Infrared
Equipment, Metal Detectors, Perimeter & Access Control, Biometrics
Equipment, Alarms & Sensors, Video Surveillance, Intercom & Video Door
Phones and Others.
Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA,
All Rights Reserved.
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