– Key companies profiled are American Science and Engineering Inc., Axis Communication AB, FLIR Systems, Hitachi Limited, Honeywell International Inc, L3Harris Technologies Inc., Raytheon Company, Robert Bosch GmbH, Siemens AG, Smiths Detection Inc, Thales Group, Westminister Group Plc., among others
PUNE, India, June 4, 2020 /PRNewswire/ — The global Airport Security Market size is projected to reach USD 11.45 billion by the end of 2027. The increasing number of air travels will bode well for the market in the coming years. According to a report published by Fortune Business Insights, titled “Airport Security Market Size, Share and Industry Analysis, by Security Type (Access Control, Cybersecurity, Perimeter Security, Screening, Surveillance, and Others), By System (Metal Detectors, Fiber Optic Perimeter Intrusion, Backscatter X-Ray Systems, Cabin Baggage Screening Systems, and Others), By Airport Model (Airport 2.0, Airport 3.0, and Airport 4.0), By Airport Class (Class A, Class B, and Class C), and Regional Forecast,2020- 2027,” the market was worth USD 10.78 billion in 2019 and will exhibit a CAGR of 7.62% during the forecast period, 2019-2027.
COVID-19 Impact Analysis:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
To Get the Short-Term and Long-Term Impact of COVID-19 on this Market,
List of Key Companies Profiled in the Airport Security Market Research Report are:
- American Science and Engineering Inc. (The U.S.)
- Axis Communication AB (Sweden)
- FLIR Systems (The U.S.)
- Hitachi Limited (Japan)
- Honeywell International Inc. (The U.S.)
- L3Harris Technologies Inc. (The U.S.)
- Raytheon Company (The U.S.)
- Robert Bosch GmbH (Germany)
- Siemens AG (Germany)
- Smiths Detection Inc. (The U.K)
- Thales Group (France)
- Westminister Group Plc. (The U.K)
Airport security systems are used to ensure security and safety at airports as well as subsequent flight travels. The increasing awareness regarding security has created several opportunities for the companies operating in the market. The emphasis on airport security has risen dramatically over the past few years. Technological advancements in the equipment associated with security checks will have a huge impact on the growth of the overall market in the coming years.
The ability of security checks at airports to prevent huge security threats and potential terrorist attacks will bode well for the companies operating in the market. The high investment in the development of efficient Airport Security will emerge in favor of the growth of the market in the foreseeable future.
Company Mergers Are Proving Beneficial for Major Businesses
The report encompasses several factors that have contributed to the growth of the overall market in recent years. With a bid to capitalizing on the massive potential held by this market, several large scale companies are looking to adopt newer strategies. It is observed that company mergers and collaborations are a growing trend among major businesses across the world.
In April 2019, Thales Group announced that it has completed the acquisition of Gemalto. The Germany-based company is a provider of digital security services, with product applications ranging across diverse industry verticals. Through this acquisition, the company plans to strengthen its portfolio of digital security solutions. Thales’ acquisition of Gemalto will help the company establish a formidable position in the global market. Furthermore, this acquisition will have a positive impact on the growth of the overall market in the coming years.
Browse Detailed Research Insights with Impact of COVID-19 Analysis: https://www.fortunebusinessinsights.com/airport-security-market-102853
Market in Asia Pacific Held the Highest Share; Rising Air Traffic Will Emerge in Favor of Market Growth
The report analyzes the ongoing market trends across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Among these regions, the market in Asia Pacific currently holds the largest market share. The rising air traffic in countries such as India, China, and Japan will bode well for the growth of the regional market. Moreover, massive investment in the development of efficient equipment will aid the growth of the market in this region. Besides this, massive population and increasing number of air passengers and flight travels will create several opportunities for market growth.
The market in North America will witness considerable growth due to the adoption of technologically advanced systems in the United States. The increasing air travels and flights inwards and outwards of the United States will also aid the growth of the market in this region. As of 2019, the market in North America was worth USD 3.82 billion and this value is projected to increase further in the coming years.
June 2019 – OSI Systems, Inc. announced that it has received a contract from the US Navy. Under this contract company will provide a comprehensive service and maintenance support for Rapiscan baggage and parcel checkpoint inspection systems installed at correctional facilities and detection centers.
April 2019–Thales Group announced that it has completed the acquisition of Gemalto. Through this acquisition, the company plans to strengthen its portfolio of digital security services.
Quick Buy – Airport Security Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/102853
Detailed Table of Content:
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Industry Developments –Contracts & Agreements, Mergers, Acquisitions and Partnerships
- Latest technological Advancements
- Porters Five Forces Analysis
- Supply Chain Analysis
- Global Airport Security Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Security Type
- Access Control
- Perimeter Security
- Market Analysis, Insights and Forecast – By System
- Metal Detectors
- Fiber Optic Perimeter Intrusion
- Backscatter X-Ray Systems
- Cabin Baggage Screening Systems
- Market Analysis, Insights and Forecast – By Airport Model
- Airport 2.0
- Airport 3.0
- Airport 4.0
- Market Analysis, Insights and Forecast – By Airport Class
- Class A
- Class B
- Class C
- Market Analysis, Insights and Forecast – By Region
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
Get your Customized Research Report: https://www.fortunebusinessinsights.com/enquiry/customization/airport-security-market-102853
Have a Look at Related Research Insights:
Airport Services Market Size, Share & COVID-19 Impact Analysis, By Type (International, and Domestic), By Application (Aeronautical Services, Non-Aeronautical Services), By Infrastructure Type (Greenfield Airport, Brownfield Airport), and Regional Forecast, 2020-2027
Inertial Navigation System Market Size, Share and Industry Analysis, by Component (Accelerometers, Gyroscopes, and Others), By Technology (Ring Laser Gyro, Mechanical Gyro, Fiber Optics Gyro, MEMS and Others), By Platform (Airborne, Ground, Maritime, and Space), By End User (Commercial, and Defense), and Regional Forecast, 2020 – 2027
Security Solutions Market Size, Share and Industry Analysis, By Type [(Product: Fire Protection, Video Surveillance, Access Control, Entrance Control, Intruder Alarms, Thermal Cameras) and Services: Security Systems Integration, Remote Monitoring Services, Fire Protection Services, Video Surveillance Services], By End-User (Commercial, Residential, Industrial, Government), and Regional Forecast, 2019- 2026
Smart Airport Market Size, Share & Industry Analysis, By Platform (Hardware Systems, Data Management, Software Systems, and Others), Airport Model (Airport 2.0, Airport 3.0, and Airport 4.0), Airport Size (Small, Medium, and Large), Application (Airside, Landside, Terminal Side), Airport Operation (Aeronautical and Non-aeronautical), and Regional Forecasts, 2020- 2027
Aviation MRO Software Market Size, Share and COVID-19 Impact Analysis, By Solution [Software (ERP Solution, Point Solution,) and Service (Deployment & Integration, Consulting], By Function [Maintenance Management (Line, Base, Engine), Operation Management (Training Safety & Quality Assurance), Business Management (Accounts, Finance, HR)], By Point of Sale (Subscription, Ownership), By Deployment Type, By End-Use and Regional Forecast, 2020-2027
Homeland Security and Emergency Management Market Size, Share and Industry Analysis, By System (Modeling And Simulation, Communication System, Rescue And Recovery Systems, Intelligence And Surveillance System, Detection And Monitoring System, Weapon System,), By End Use (Cyber Security, CBRNE Security, Aviation Security, Maritime Security, Law Enforcement and Intelligence Gathering, Critical Infrastructure Security), and Regional Forecast, 2020- 2027
Wireless Infrastructure Market Size, Share and Industry Analysis, By Connectivity Type (5G, 4G & LTE, 3G, 2G and Satellite), By Infrastructure Type (Small Cells, Mobile Core, Macro-cell, Radio Access Networks (RAN), Distributed Antenna System (DAS), Cloud RAN, Carrier Wi-Fi, Backhaul, and SATCOM), By Platform (Government & Defense, Commercial), and Regional Forecast,2019- 2026
Helicopter Market Size, Share & Industry Analysis, By Type (Civil & Commercial and Military), By Application (Emergency Medical Services (EMS), Corporate Services, Search and Rescue Operation, Oil and Gas, Defense, Homeland Security), By System (Airframe, Engine, Avionics, Landing Gear System, and Cabin Interiors), By Weight (Light Weight, Medium Weight, and Heavy Weight), By Point of Sale (OEMs and Aftermarket), and Regional Forecast 2019-2026
Helicopter Services Market Size, Share & Industry Analysis, By Type (Light Weight, Medium Weight, and Heavy Weight), By Application (Offshore helicopter, Air Ambulance, Business/Corporate Travel, Disaster & Humanitarian Aid, Leisure Charter, Transport, Media & Entertainment, and Surveying & Aerial Imaging), and Regional Forecast, 2018-2026About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune – 411045, Maharashtra, India.
Phone: US: +1-424-253-0390
Fortune Business Insights™
LinkedIn | Twitter | Blogs
Read Press Release: https://www.fortunebusinessinsights.com/press-release/airport-security-market-9985