Airport Security Market Size & Forecast
The Airport Security Market is projected to reach $25.27 billion by 2031, at a CAGR of 8.6% during the forecast period 2024–2031. 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 is a challenge in the airport security market. However, the high cost of airport security systems can restrain the growth of this market.
Increasing Investment in Airports Security is Expected to Provide Opportunities for the Airport Security Market Growth
This rapid growth of the aviation industry has put airport operators under pressure to face important challenges such as increasing their capacity, optimizing their processes, diversifying their revenues, being part of the passenger global experience, and of course, providing top security and cybersecurity measures. In this context, digital solutions gave airports the unique opportunity to address all these issues.
Due to this, airports are investing heavily in automation to assure safety and security in addition to operational effectiveness and customer experience. Biometric identity systems, automated surveillance systems, and advanced imaging technology all improve security measures while speeding up screening processes. Automated baggage screening systems with powerful imaging and explosives detection capabilities increase security check accuracy and speed, improving the operational effectiveness of supply chain management in the aviation industry. By reducing the danger of identity fraud and enhancing general security, biometric identification systems, such as facial recognition or fingerprint scanning, enable safe and effective passenger verification operations.
Some of the recent developments:
- In January 2024, the U.K.'s East Midlands airport to undergo a $150 million security renovation. The renovation is expected to speed up security checks and improve passenger experience.
- In September 2023, London Luton Airport (LTN) announced an investment of 30 million GBP to further enhance the passenger experience. This includes a 20 million GPB investment in refurbishing its security hall. Throughout this project, new body scanners and CT scanner technology will be installed at LTN, while further initiatives will help speed up processing times.
- In March 2023, France’s VINCI Airports collaborated with the National French civil aviation agency DGAC to test new equipment that will streamline passenger security checks at Lyon-Saint-Exupéry Airport.
- In April 2022, South Korea announced an investment of over USD 0.22 (300 won) billion to enhance aviation security with advanced technology.
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Key Findings in the Airport Security Market Study:
The Systems Segment is Expected to Grow with Highest CAGR During the Forecasted 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 leader, 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.
In 2024, the Scanning and Screening is Expected to Dominate the Airport Security Market
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, rising investment in airport scanning and screening systems to improve passenger experience, and focus of key players to develop innovating scanning and screening products.
- For instance, In December 2023, Fort Lauderdale International Airport (U.S.) selected the R&SQPS Walk2000 walk-through scanner to increase security and provide a streamlined walk-through security experience at its employee screening checkpoints.
- In October 2023, Denver International Airport (DEN) made an additional investment in Rohde & Schwarz QPS201 body scanners to improve passenger security screening at the Jeppesen terminal’s south checkpoint.
- In May 2022 , the Asian Development Bank (ADB) (Philippines), in partnership with UNICEF (U.S.), installed 61 new thermal scanners for screening passengers at ports and airports.
Asia-Pacific to be the Fastest Growing Market
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. 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 [PT9] 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 [PT10] 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.
Airport Security Market: 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.
Airport Security Market Report Summary:
Particulars
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Details
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Number of Pages
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200
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Format
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PDF
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Forecast Period
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2024-2031
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Base Year
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2023
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CAGR
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8.6%
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Estimated Market Size (Value)
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$25.27 billion by 2031
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Segments Covered
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By Offering
- Systems
- X-Ray Machines
- Metal Detectors
- Walk-Through Metal Detectors
- Hand-Held Metal Detectors
- Surveillance Systems
- Biometric Devices
- Other Systems
- Services
- Support and Maintenance Services
- Deployment and Integration Services
- Consulting and Training Services
By Application
- X-Ray Access Control
- Perimeter Security
- Scanning and Screening
- Surveillance
- Other Applications
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Countries Covered
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North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, Russia, and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and the Rest of Asia-Pacific), Latin America, and the Middle East & Africa.
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Key Companies
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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: