Airport Security Market worth over $25bn by 2028

Airport Security Market Size is set to surpass USD 25 billion by 2028, according to a new research report by Global Market Insights Inc.
 

The rising number of international passengers over the past decade will support the market growth. To reduce the overall travel time, individuals prefer airplanes as a mode of transport. With the growing penetration of affordable smartphones and internet connectivity across regions, new players are entering the market to offer seamless and economical booking of flights online. In addition, these applications also run marketing campaigns, providing packaged deals by combining hotels and other transportation modes. This factor has enabled people to plan their travel conveniently, thus increasing the daily traffic of the airports.
 

Improving economic conditions that result in increasing passenger traffic have stressed airport authorities to enhance their security infrastructure, in turn, fueling the market expansion. To seamlessly handle and manage passenger movement with utmost security, the airport management focuses on deploying smart technologies, such as explosive scanning systems, automated line trays, and digital facial recognition systems, across the facility.
 

The coronavirus pandemic negatively impacted the growth of companies operating in the market in 2020. Due to strict lockdown measures imposed by government organizations, the overall market witnessed slow growth. The stay-at-home regulations & social distancing norms prevented domestic and international travel. However, to effectively manage passengers in the coming years, government officials & airport authorities are formulating strategic projects for modernizing the current infrastructure & network. They focused on implementing smart surveillance systems, access control technology, back-end system integrations, screening machinery, and advanced cybersecurity practices to monitor daily airport passengers with ease & remove bottlenecks in the process.
 

Browse key industry insights spread across 250 pages with 131 market data tables and 32 figures & charts from the report, “Airport Security Market Size, By Technology (Access Control, Cybersecurity, Perimeter Security, Screening & Scanning, Surveillance, Real-Time Locating System), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2028”, in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/airport-security-market-report
 

Growing technological advancements in the video surveillance system will propel the market progression

The inclusion of advanced technologies in video surveillance cameras will boost the industry expansion. To improve product offerings and security capabilities, institutions & manufacturers are integrating AI-based technologies. In August 2021, researchers at Griffith University designed a video surveillance system powered by artificial intelligence to observe social distancing in airports and avoid data hampering. The team merged the image processing system with a local network of cameras and tested the technology at the Gold Coast Airport, Australia. In addition, the surveillance set-up offered automatic people detection and crowd counting statistics. The set-up covered the waiting area, food court, and check-in area for data collection.
 

Manufacturers in the industry are also investing in product innovation and development activities for expanding their portfolios. For instance, in July 2020, Hangzhou Hikvision Digital Technology Co., Ltd. introduced Dedicated Subseries, an extension in the DeepinView camera line. The product range is embedded with AI-based switchable algorithms that combine two functionality including vehicle analysis with automatic number plate recognition for registering attributes such as make, the direction of movement & color. The second category encompasses face counting, hard hat detection, queue management, facial recognition, perimeter protection & multiple-target-type detection. The introduction of new video surveillance solutions in the market will encourage technology deployment across airport facilities for improving security parameters.
 

Rising investments in airport infrastructural expansion in APAC region will drive the market revenue

Asia Pacific airport security market accounted for over 35% of revenue share in 2021 owing to the growing investments in airport security. With an increasing number of economical airline options, passengers in the region are preferring airways for traveling. In addition, the availability of mobile applications has enabled individuals to effortlessly book & compare different airlines based on pricing and seat availability. It has also led to an increase in airway passengers, affecting the management capabilities of the site.
 

Companies are focusing on expanding their market presence

Prominent players operating in the market include IBM Corporation, Leidos, Axis Communications AB, C.E.I.A. S.p.A., Biosensor Applications AB, FLIR Systems, Hitachi Ltd., Smiths Detection Group Ltd., Westminster Group PLC, Honeywell International, Inc., OSI Systems, Thales Group, Collins Aerospace (Raytheon Technologies), Siemens AG, Auto Clear LLC, and Bosch Sicherheitssysteme GmbH. Market leaders are concentrating their efforts on rapidly capturing market share to sustain the increasing rivalry.