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Meticulous Research®—a leading global market research company, published a research report titled, ‘Airport Security Market by Offering (Systems (X-Ray Machines, Metal Detectors, Surveillance Systems, Biometric Devices, Others), Services), Application (Access Control, Perimeter Security, Scanning & Screening, Others), and Geography - Global Forecast to 2031’
According to this latest publication from Meticulous Research®, the airport security market is projected to reach $25.27 billion by 2031, at a CAGR of 8.6% from 2024 to 2031. Some of the major factors driving the growth of this market are stringent government regulations for airport security and the growing number of air passengers. In addition, increasing investment in airport security is expected to offer significant opportunities for the growth of this market. Difficulty in upgrading existing security systems and the high cost of airport security systems can restrain the growth of this market.
The airport security market is segmented by offering and application. The study also evaluates industry competitors and analyzes the regional and country-level markets.
Based on offering, the airport security market is broadly segmented into systems and services. In 2024, the systems segment is expected to account for the larger share of the global airport security market. The large market share of this segment can be attributed to factors such as the increasing investments in advanced technology at airports and the increasing initiatives aimed at implementing top-tier security measures at airports.
Some of the recent developments in the market space:
Moreover, the systems segment is expected to record the highest CAGR during the forecast period. Increasing adoption of airport security systems and the growing focus of key players on product development and enhancement is expected to drive the segment growth. For instance, in November 2023, Huawei Technologies Co., Ltd. (China) launched a series of brand-new smart airport solutions for international markets, including the Fully Connected Fiber Network Solution and Smart Airport Perimeter Security with Fiber Sensing Solution. In another instance, in October 2023, Leidos (U.S.), a science and technology company, launched ProSight™, its newest enterprise software platform, which provides airports and commercial organizations with high-risk points of entry with a centralized security management system.
Based on application, the airport security market is segmented into access control, perimeter security, scanning and screening, surveillance, and other applications. In 2024, the scanning and screening segment is expected to account for the largest share of the global airport security market. The large share of this segment is mainly attributed to the rising deployment of security systems to prevent prohibited items and other threats to transportation security from entering the sterile area of the airport, increasing investment in airport scanning and screening systems to improve passenger experience, and focus of key players to develop innovating scanning and screening products.
However, the access control segment is expected to record the highest CAGR during the forecast period. Growth of the segment is driven by the rising adoption of access control systems at airports to investigate security incidents or breaches and help improve security protocols. For instance, in December 2021, Kuala Lumpur International Airport (KUL) installed more than 100 biometric-enabled self-service touchpoints from air transport industry IT provider SITA.
Based on geography, the airport security market is segmented into North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. In 2024, North America is expected to account for the largest share of the airport security market. North America’s major market share can be attributed to the increased spending on technology by airports, rising funding by the government to improve airport safety and security, and the growing deployment of airport security systems at the airport.
Some of the recent developments are as follows:
However, the Asia-Pacific region is expected to grow with the highest CAGR during the forecast period. The growth of the market is driven by the rising investment to modernize airport infrastructure, the growing need to ensure operational efficiency, and the rising deployment of security systems at the airports. For instance, in September 2021, South Korea-based Incheon International Airport Corporation (IIAC) signed a contract with Smiths Detection (U.K.) to install its explosives detection system (EDS) HI-SCAN 10080 XCT for hold baggage screening at Incheon International Airport (ICN) Terminal 2. In another instance, in February 2021, Singapore’s Changi Airport Group awarded a contract to Genetec (Canada), a technology provider of integrated security, business intelligence, public safety, and operations solutions, to upgrade its security system.
Key Players:
The key players operating in the airport security market are Teledyne FLIR LLC (U.S.), Leidos (U.S.), Honeywell International Inc. (U.S.), Robert Bosch GmbH (Germany), Siemens AG (Germany), Hart International (UAE), Covenant Aviation Security, LLC (U.S.), Collins Aerospace (U.S.), Smiths Group plc. (U.K.), Elbit Systems Ltd. (Israel), SITA (Switzerland), Rapiscan Systems (U.S.), Axis Communication AB (Sweden), Thales Group (France), Westminister Group Plc. (U.K) and among others.
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Key questions answered in the report:
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