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Airport Security Market Overview:
As per the statistics released by The International Air Transport Association (IATA), the number of air passengers in 2017 reached 4.1 billion, supported by improvements in global economic landscape.[1] With a huge chunk of global population emerging as air-travelers, demand for safety and security from the aviation sector is propelling the airport security market globally. Several factors such as the infamous '9/11 attack', globalization, recurring incidence of smuggling, and surging number of air-travelers has augmented the global airport security market size to reach $8.15 billion in 2018. Primarily driven by the rise in the number of airport development and upgrade projects, the airport security market is estimated to register a CAGR of 9.30% during the forecast period 2019-2025. For example, China is constructing 8 new airports every year with a target to build 216 new airports by 2035. [2]
Airport Security Market Outlook:
Metal detectors, millimeter wave scanners, explosive detection machines, X-ray machines, and explosives trace-detection portal machines are the core constituents employed in airport security assessments. Technology assisting the surveillance systems are blooming as surveillance is the fastest growing airport security measure. The segment is poised to grow at a CAGR of 12.62% through 2025.
Even though APAC has the largest number of air-travelers, with 36.3% of the global share, North America leads the global airport security market in terms of demand. This is attributable to the U.S. holding the largest number of airports globally. With the number of airports exceeding 13,513 in the U.S., the demand for aviation security is witnessing an upsurge. North America accounted for 27.75% of the global airport security market share in 2018. Apart from extensive security measures taken after the infamous 9/11 incident, other factors influencing the airport security market in North America includes the robust economy in the U.S. and the global surge of industrial output that has intensified inbound air cargo volume in the past few years. Significant air cargo hubs, such as Chicago – O’Hare (ORD), experienced growth of 12.6% in cargo traffic in 2017.[3]
Airport Security Market Growth Drivers:
· The foremost growth driver of the global airport security market is the increasing number of airports globally. Major economies such as the U.S., China and India are constantly upgrading their existing fleet as well as investing in novel infrastructure.
· The global airport security market evolved after the infamous 9/11 attack. Shortly after the terrorist attack, federal administrations globally enforced intense security measures and increased federal interference augmenting the airport security market in an unprecedented way. For instance, U.S., soon after the attack, approved the Aviation and Transportation Security Act (PDF), which created the Transportation Security Administration (TSA) and mandated that federal employees be in charge of airport security screening. Hence, the threat of terror is driving the market.
· Air cargo due to reliable factors such as strengthening of global trade and e-commerce is witnessing a revival across many of the world’s airports. As indicated by the Airports Council International, air cargo volumes at the 20 busiest airports increased by 6.8% in 2017. Guided by various trade bodies, inspection of these goods are mandatory; hence, such voluminous operations are driving the global airport security growth.
Airport Security Market Trends:
· In 2017, US carriers such as Delta and JetBlue along with government agencies invested in trials of fingerprint and facial recognition technology for an enabled self-boarding process. For example, Heathrow airport mounted 36 bio-metric-enabled self-service boarding gates in their terminals. Hence, the global bio-metrics market is displaying all the requisites to disrupt the airport security market.
· Artificial intelligence amalgamated with robotics is a major trend disrupting the market. Major tasks of these robots involve detecting potential security risks and transporting luggage. Haneda Airport before the start of the Tokyo Olympics in 2020 has a target of implementing a fleet of robots for security, logistics and translation operations.
Airport Security Market Players Perspective:
Some of the key players operating in the global airport security market are American Science and Engineering, Inc, Autoclear LLC, C.E.I.A. SpA, FLIR Systems, Inc, L3 Security & Detection Systems, OSI Systems, Inc, Robert Bosch LLC, Siemens AG, Smiths Detection LLC, and Westminster Aviation Security Services Ltd.
Airport Security Market Research Scope:
The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Airport Security Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the various trends in the global Airport Security Market, and their specific advantages to the market.
The Airport Security Market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:
• North America: The U.S., Canada, Mexico
• South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
• Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark
• APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
• Middle East and Africa: Israel, South Africa, Saudi Arabia
Key Questions Addressed in the Airport Security Market Report
1. Is the market for Airport security growing? How long will it continue to grow and at what rate?
2. Which type of segment presents the major growth opportunities?
3. Is there a possibility for change in the market structure over time?
4. Are additional developments needed for the existing product or services offerings or do the existing products meet the customer demands?
5. Do the key vendors look for partnerships to expand their businesses with respect to geography or product?
6. What are the short-term, long-term, and medium-term growth drivers for the market?
7. What are the short-term, medium-term, and long-term challenges for the market?
8. What are the short-term, medium-term, and long-term opportunities for the market
9. Who are the top players/companies of the market?
10. What are the recent innovations in the market?
11. How many patents have been filed by the leading players?
12. What are the types of patents filed by the leading players?
13. What is our Vision 2030 for the Airport Security Market?
A few focus points of this Research are given below:
• Give a deep-dive analysis of the key operational strategies with focus on the corporate structure, R&D strategies, localization strategies, production capabilities, and sales performance of various companies
• Provide an overview of the product portfolio, including product planning, development, and positioning
• Discuss the role of technology companies in partnerships
• Explore the regional sales activities
• Analyze the market size and giving the forecast for current and future Airport Security Market during the forecast 2019–2025
References-
[1] https://www.iata.org/pressroom/pr/Pages/2018-09-06-01.aspx
[2] https://www.weforum.org/agenda/2018/08/these-five-charts-show-how-rapidly-china-s-aviation-industry-is-expanding/
[3] https://aci.aero/news/2018/04/09/aci-world-releases-preliminary-2017-world-airport-traffic-rankings-passenger-traffic-indian-and-chinese-airports-major-contributors-to-growth-air-cargo-volumes-surge-at-major-hubs-as-trade-wars-thre/
Table1: Airport Security Market Overview 2019-2024
Table2: Airport Security Market Leader Analysis 2018-2019 (US$)
Table3: Airport Security Market Product Analysis 2018-2019 (US$)
Table4: Airport Security Market End User Analysis 2018-2019 (US$)
Table5: Airport Security Market Patent Analysis 2013-2018* (US$)
Table6: Airport Security Market Financial Analysis 2018-2019 (US$)
Table7: Airport Security Market Driver Analysis 2018-2019 (US$)
Table8: Airport Security Market Challenges Analysis 2018-2019 (US$)
Table9: Airport Security Market Constraint Analysis 2018-2019 (US$)
Table10: Airport Security Market Supplier Bargaining Power Analysis 2018-2019 (US$)
Table11: Airport Security Market Buyer Bargaining Power Analysis 2018-2019 (US$)
Table12: Airport Security Market Threat of Substitutes Analysis 2018-2019 (US$)
Table13: Airport Security Market Threat of New Entrants Analysis 2018-2019 (US$)
Table14: Airport Security Market Degree of Competition Analysis 2018-2019 (US$)
Table15: Airport Security Market Value Chain Analysis 2018-2019 (US$)
Table16: Airport Security Market Pricing Analysis 2019-2024 (US$)
Table17: Airport Security Market Opportunities Analysis 2019-2024 (US$)
Table18: Airport Security Market Product Life Cycle Analysis 2019-2024 (US$)
Table19: Airport Security Market Supplier Analysis 2018-2019 (US$)
Table20: Airport Security Market Distributor Analysis 2018-2019 (US$)
Table21: Airport Security Market Trend Analysis 2018-2019 (US$)
Table22: Airport Security Market Size 2018 (US$)
Table23: Airport Security Market Forecast Analysis 2019-2024 (US$)
Table24: Airport Security Market Sales Forecast Analysis 2019-2024 (Units)
Table25: Airport Security Market, Revenue & Volume, By Technology, 2019-2024 ($)
Table26: Airport Security Market By Technology, Revenue & Volume, By Access Control, 2019-2024 ($)
Table27: Airport Security Market By Technology, Revenue & Volume, By Command Control, 2019-2024 ($)
Table28: Airport Security Market By Technology, Revenue & Volume, By Screening, 2019-2024 ($)
Table29: Airport Security Market By Technology, Revenue & Volume, By Perimeter, 2019-2024 ($)
Table30: Airport Security Market By Technology, Revenue & Volume, By Communication, 2019-2024 ($)
Table31: North America Airport Security Market, Revenue & Volume, By Technology, 2019-2024 ($)
Table32: South america Airport Security Market, Revenue & Volume, By Technology, 2019-2024 ($)
Table33: Europe Airport Security Market, Revenue & Volume, By Technology, 2019-2024 ($)
Table34: APAC Airport Security Market, Revenue & Volume, By Technology, 2019-2024 ($)
Table35: Middle East & Africa Airport Security Market, Revenue & Volume, By Technology, 2019-2024 ($)
Table36: Russia Airport Security Market, Revenue & Volume, By Technology, 2019-2024 ($)
Table37: Israel Airport Security Market, Revenue & Volume, By Technology, 2019-2024 ($)
Table38: Top Companies 2018 (US$)Airport Security Market, Revenue & Volume
Table39: Product Launch 2018-2019Airport Security Market, Revenue & Volume
Table40: Mergers & Acquistions 2018-2019Airport Security Market, Revenue & Volume
List of Figures
Figure 1: Overview of Airport Security Market 2019-2024
Figure 2: Market Share Analysis for Airport Security Market 2018 (US$)
Figure 3: Product Comparison in Airport Security Market 2018-2019 (US$)
Figure 4: End User Profile for Airport Security Market 2018-2019 (US$)
Figure 5: Patent Application and Grant in Airport Security Market 2013-2018* (US$)
Figure 6: Top 5 Companies Financial Analysis in Airport Security Market 2018-2019 (US$)
Figure 7: Market Entry Strategy in Airport Security Market 2018-2019
Figure 8: Ecosystem Analysis in Airport Security Market 2018
Figure 9: Average Selling Price in Airport Security Market 2019-2024
Figure 10: Top Opportunites in Airport Security Market 2018-2019
Figure 11: Market Life Cycle Analysis in Airport Security Market
Figure 12: GlobalBy TechnologyAirport Security Market Revenue, 2019-2024 ($)
Figure 13: Global Airport Security Market - By Geography
Figure 14: Global Airport Security Market Value & Volume, By Geography, 2019-2024 ($)
Figure 15: Global Airport Security Market CAGR, By Geography, 2019-2024 (%)
Figure 16: North America Airport Security Market Value & Volume, 2019-2024 ($)
Figure 17: US Airport Security Market Value & Volume, 2019-2024 ($)
Figure 18: US GDP and Population, 2018-2019 ($)
Figure 19: US GDP – Composition of 2018, By Sector of Origin
Figure 20: US Export and Import Value & Volume, 2018-2019 ($)
Figure 21: Canada Airport Security Market Value & Volume, 2019-2024 ($)
Figure 22: Canada GDP and Population, 2018-2019 ($)
Figure 23: Canada GDP – Composition of 2018, By Sector of Origin
Figure 24: Canada Export and Import Value & Volume, 2018-2019 ($)
Figure 25: Mexico Airport Security Market Value & Volume, 2019-2024 ($)
Figure 26: Mexico GDP and Population, 2018-2019 ($)
Figure 27: Mexico GDP – Composition of 2018, By Sector of Origin
Figure 28: Mexico Export and Import Value & Volume, 2018-2019 ($)
Figure 29: South America Airport Security Market Value & Volume, 2019-2024 ($)
Figure 30: Brazil Airport Security Market Value & Volume, 2019-2024 ($)
Figure 31: Brazil GDP and Population, 2018-2019 ($)
Figure 32: Brazil GDP – Composition of 2018, By Sector of Origin
Figure 33: Brazil Export and Import Value & Volume, 2018-2019 ($)
Figure 34: Venezuela Airport Security Market Value & Volume, 2019-2024 ($)
Figure 35: Venezuela GDP and Population, 2018-2019 ($)
Figure 36: Venezuela GDP – Composition of 2018, By Sector of Origin
Figure 37: Venezuela Export and Import Value & Volume, 2018-2019 ($)
Figure 38: Argentina Airport Security Market Value & Volume, 2019-2024 ($)
Figure 39: Argentina GDP and Population, 2018-2019 ($)
Figure 40: Argentina GDP – Composition of 2018, By Sector of Origin
Figure 41: Argentina Export and Import Value & Volume, 2018-2019 ($)
Figure 42: Ecuador Airport Security Market Value & Volume, 2019-2024 ($)
Figure 43: Ecuador GDP and Population, 2018-2019 ($)
Figure 44: Ecuador GDP – Composition of 2018, By Sector of Origin
Figure 45: Ecuador Export and Import Value & Volume, 2018-2019 ($)
Figure 46: Peru Airport Security Market Value & Volume, 2019-2024 ($)
Figure 47: Peru GDP and Population, 2018-2019 ($)
Figure 48: Peru GDP – Composition of 2018, By Sector of Origin
Figure 49: Peru Export and Import Value & Volume, 2018-2019 ($)
Figure 50: Colombia Airport Security Market Value & Volume, 2019-2024 ($)
Figure 51: Colombia GDP and Population, 2018-2019 ($)
Figure 52: Colombia GDP – Composition of 2018, By Sector of Origin
Figure 53: Colombia Export and Import Value & Volume, 2018-2019 ($)
Figure 54: Costa Rica Airport Security Market Value & Volume, 2019-2024 ($)
Figure 55: Costa Rica GDP and Population, 2018-2019 ($)
Figure 56: Costa Rica GDP – Composition of 2018, By Sector of Origin
Figure 57: Costa Rica Export and Import Value & Volume, 2018-2019 ($)
Figure 58: Europe Airport Security Market Value & Volume, 2019-2024 ($)
Figure 59: U.K Airport Security Market Value & Volume, 2019-2024 ($)
Figure 60: U.K GDP and Population, 2018-2019 ($)
Figure 61: U.K GDP – Composition of 2018, By Sector of Origin
Figure 62: U.K Export and Import Value & Volume, 2018-2019 ($)
Figure 63: Germany Airport Security Market Value & Volume, 2019-2024 ($)
Figure 64: Germany GDP and Population, 2018-2019 ($)
Figure 65: Germany GDP – Composition of 2018, By Sector of Origin
Figure 66: Germany Export and Import Value & Volume, 2018-2019 ($)
Figure 67: Italy Airport Security Market Value & Volume, 2019-2024 ($)
Figure 68: Italy GDP and Population, 2018-2019 ($)
Figure 69: Italy GDP – Composition of 2018, By Sector of Origin
Figure 70: Italy Export and Import Value & Volume, 2018-2019 ($)
Figure 71: France Airport Security Market Value & Volume, 2019-2024 ($)
Figure 72: France GDP and Population, 2018-2019 ($)
Figure 73: France GDP – Composition of 2018, By Sector of Origin
Figure 74: France Export and Import Value & Volume, 2018-2019 ($)
Figure 75: Netherlands Airport Security Market Value & Volume, 2019-2024 ($)
Figure 76: Netherlands GDP and Population, 2018-2019 ($)
Figure 77: Netherlands GDP – Composition of 2018, By Sector of Origin
Figure 78: Netherlands Export and Import Value & Volume, 2018-2019 ($)
Figure 79: Belgium Airport Security Market Value & Volume, 2019-2024 ($)
Figure 80: Belgium GDP and Population, 2018-2019 ($)
Figure 81: Belgium GDP – Composition of 2018, By Sector of Origin
Figure 82: Belgium Export and Import Value & Volume, 2018-2019 ($)
Figure 83: Spain Airport Security Market Value & Volume, 2019-2024 ($)
Figure 84: Spain GDP and Population, 2018-2019 ($)
Figure 85: Spain GDP – Composition of 2018, By Sector of Origin
Figure 86: Spain Export and Import Value & Volume, 2018-2019 ($)
Figure 87: Denmark Airport Security Market Value & Volume, 2019-2024 ($)
Figure 88: Denmark GDP and Population, 2018-2019 ($)
Figure 89: Denmark GDP – Composition of 2018, By Sector of Origin
Figure 90: Denmark Export and Import Value & Volume, 2018-2019 ($)
Figure 91: APAC Airport Security Market Value & Volume, 2019-2024 ($)
Figure 92: China Airport Security Market Value & Volume, 2019-2024
Figure 93: China GDP and Population, 2018-2019 ($)
Figure 94: China GDP – Composition of 2018, By Sector of Origin
Figure 95: China Export and Import Value & Volume, 2018-2019 ($)Airport Security Market China Export and Import Value & Volume, 2018-2019 ($)
Figure 96: Australia Airport Security Market Value & Volume, 2019-2024 ($)
Figure 97: Australia GDP and Population, 2018-2019 ($)
Figure 98: Australia GDP – Composition of 2018, By Sector of Origin
Figure 99: Australia Export and Import Value & Volume, 2018-2019 ($)
Figure 100: South Korea Airport Security Market Value & Volume, 2019-2024 ($)
Figure 101: South Korea GDP and Population, 2018-2019 ($)
Figure 102: South Korea GDP – Composition of 2018, By Sector of Origin
Figure 103: South Korea Export and Import Value & Volume, 2018-2019 ($)
Figure 104: India Airport Security Market Value & Volume, 2019-2024 ($)
Figure 105: India GDP and Population, 2018-2019 ($)
Figure 106: India GDP – Composition of 2018, By Sector of Origin
Figure 107: India Export and Import Value & Volume, 2018-2019 ($)
Figure 108: Taiwan Airport Security Market Value & Volume, 2019-2024 ($)
Figure 109: Taiwan GDP and Population, 2018-2019 ($)
Figure 110: Taiwan GDP – Composition of 2018, By Sector of Origin
Figure 111: Taiwan Export and Import Value & Volume, 2018-2019 ($)
Figure 112: Malaysia Airport Security Market Value & Volume, 2019-2024 ($)
Figure 113: Malaysia GDP and Population, 2018-2019 ($)
Figure 114: Malaysia GDP – Composition of 2018, By Sector of Origin
Figure 115: Malaysia Export and Import Value & Volume, 2018-2019 ($)
Figure 116: Hong Kong Airport Security Market Value & Volume, 2019-2024 ($)
Figure 117: Hong Kong GDP and Population, 2018-2019 ($)
Figure 118: Hong Kong GDP – Composition of 2018, By Sector of Origin
Figure 119: Hong Kong Export and Import Value & Volume, 2018-2019 ($)
Figure 120: Middle East & Africa Airport Security Market Middle East & Africa 3D Printing Market Value & Volume, 2019-2024 ($)
Figure 121: Russia Airport Security Market Value & Volume, 2019-2024 ($)
Figure 122: Russia GDP and Population, 2018-2019 ($)
Figure 123: Russia GDP – Composition of 2018, By Sector of Origin
Figure 124: Russia Export and Import Value & Volume, 2018-2019 ($)
Figure 125: Israel Airport Security Market Value & Volume, 2019-2024 ($)
Figure 126: Israel GDP and Population, 2018-2019 ($)
Figure 127: Israel GDP – Composition of 2018, By Sector of Origin
Figure 128: Israel Export and Import Value & Volume, 2018-2019 ($)
Figure 129: Entropy Share, By Strategies, 2018-2019* (%)Airport Security Market
Figure 130: Developments, 2018-2019*Airport Security Market
Figure 131: Company 1 Airport Security Market Net Revenue, By Years, 2018-2019* ($)
Figure 132: Company 1 Airport Security Market Net Revenue Share, By Business segments, 2018 (%)
Figure 133: Company 1 Airport Security Market Net Sales Share, By Geography, 2018 (%)
Figure 134: Company 2 Airport Security Market Net Revenue, By Years, 2018-2019* ($)
Figure 135: Company 2 Airport Security Market Net Revenue Share, By Business segments, 2018 (%)
Figure 136: Company 2 Airport Security Market Net Sales Share, By Geography, 2018 (%)
Figure 137: Company 3 Airport Security Market Net Revenue, By Years, 2018-2019* ($)
Figure 138: Company 3 Airport Security Market Net Revenue Share, By Business segments, 2018 (%)
Figure 139: Company 3 Airport Security Market Net Sales Share, By Geography, 2018 (%)
Figure 140: Company 4 Airport Security Market Net Revenue, By Years, 2018-2019* ($)
Figure 141: Company 4 Airport Security Market Net Revenue Share, By Business segments, 2018 (%)
Figure 142: Company 4 Airport Security Market Net Sales Share, By Geography, 2018 (%)
Figure 143: Company 5 Airport Security Market Net Revenue, By Years, 2018-2019* ($)
Figure 144: Company 5 Airport Security Market Net Revenue Share, By Business segments, 2018 (%)
Figure 145: Company 5 Airport Security Market Net Sales Share, By Geography, 2018 (%)
Figure 146: Company 6 Airport Security Market Net Revenue, By Years, 2018-2019* ($)
Figure 147: Company 6 Airport Security Market Net Revenue Share, By Business segments, 2018 (%)
Figure 148: Company 6 Airport Security Market Net Sales Share, By Geography, 2018 (%)
Figure 149: Company 7 Airport Security Market Net Revenue, By Years, 2018-2019* ($)
Figure 150: Company 7 Airport Security Market Net Revenue Share, By Business segments, 2018 (%)
Figure 151: Company 7 Airport Security Market Net Sales Share, By Geography, 2018 (%)
Figure 152: Company 8 Airport Security Market Net Revenue, By Years, 2018-2019* ($)
Figure 153: Company 8 Airport Security Market Net Revenue Share, By Business segments, 2018 (%)
Figure 154: Company 8 Airport Security Market Net Sales Share, By Geography, 2018 (%)
Figure 155: Company 9 Airport Security Market Net Revenue, By Years, 2018-2019* ($)
Figure 156: Company 9 Airport Security Market Net Revenue Share, By Business segments, 2018 (%)
Figure 157: Company 9 Airport Security Market Net Sales Share, By Geography, 2018 (%)
Figure 158: Company 10 Airport Security Market Net Revenue, By Years, 2018-2019* ($)
Figure 159: Company 10 Airport Security Market Net Revenue Share, By Business segments, 2018 (%)
Figure 160: Company 10 Airport Security Market Net Sales Share, By Geography, 2018 (%)
Figure 161: Company 11 Airport Security Market Net Revenue, By Years, 2018-2019* ($)
Figure 162: Company 11 Airport Security Market Net Revenue Share, By Business segments, 2018 (%)
Figure 163: Company 11 Airport Security Market Net Sales Share, By Geography, 2018 (%)
Figure 164: Company 12 Airport Security Market Net Revenue, By Years, 2018-2019* ($)
Figure 165: Company 12 Airport Security Market Net Revenue Share, By Business segments, 2018 (%)
Figure 166: Company 12 Airport Security Market Net Sales Share, By Geography, 2018 (%)
Figure 167: Company 13 Airport Security Market Net Revenue, By Years, 2018-2019* ($)
Figure 168: Company 13 Airport Security Market Net Revenue Share, By Business segments, 2018 (%)
Figure 169: Company 13 Airport Security Market Net Sales Share, By Geography, 2018 (%)
Figure 170: Company 14 Airport Security Market Net Revenue, By Years, 2018-2019* ($)
Figure 171: Company 14 Airport Security Market Net Revenue Share, By Business segments, 2018 (%)
Figure 172: Company 14 Airport Security Market Net Sales Share, By Geography, 2018 (%)
Figure 173: Company 15 Airport Security Market Net Revenue, By Years, 2018-2019* ($)
Figure 174: Company 15 Airport Security Market Net Revenue Share, By Business segments, 2018 (%)
Figure 175: Company 15 Airport Security Market Net Sales Share, By Geography, 2018 (%)