Passenger Security Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI3474
Passenger Security Market size is predicted to witness lucrative gains to 2025 led by rising usage of security equipment to safeguard passengers from injuries, accidents, and crime threats. Passenger safety play an important role in the transportation policy of any nation and organizations are focusing on improving the service quality and safety from threats including cybersecurity, thereby boosting the industry share.
The growing tourism across the globe along with rising terrorism activities are boosting the passenger security market penetration. According to the World Tourism Organization (UNWTO) in 2017 the total international tourist arrivals accounted for 1,326 million across the globe with over 7% growth as compared to 2016. The human error in the security screening processes further require high performance security solutions including X-ray machines that offers high-resolution images and automated detection of explosive materials.
The security process is time consuming and may adversely affect the travelers experience. The governments across the globe are investing to setup preclearance facilities with a focus on reducing security time screening. The preclearance enables for international arrivals in a country as a domestic arrival that simplifies the process for onward connection passengers. The U.S. Custom and Border Protection (CBP) has preclearance operations at 15 airports in 6 countries including Bahamas, Aruba, Bermuda, Ireland, Canada, and UAE. These preclearance processes further support the passenger security market growth over the projected timeframe.
Based on security, the baggage inspection system will showcase considerable growth rate in passenger security market owing to the mandatory checking of all baggage prior to flight boarding. The continuous increasing air passenger volume along with the requirement for speedy and high security solutions are enabling industry participants to develop advanced inspection systems. Industry participants are signing long term contracts with several airport authorities to upgrade their inspection systems with real time tomography to improve passenger safety significantly. For instance, in October 2017, OSI Systems Inc., announced an order amounting to around USD 16 million from Panama airport for upgrading its passenger safety systems.
Based on end user, the seaport will grow significantly in passenger security market share owing to stringent security regulations. The International Maritime Organization introduced the International Ship and Port Facility Security (ISPS) Code in 2004. According to these codes the access to secured areas should be controlled at all time to prevent access of unauthorized vehicles and persons. In addition, the regional associations are identifying security requirements to combat any probabilities of terrorism. In January 2019, the American Association of Port Authorities (AAPA) announced an investment of around USD 4 billion over the next ten years for the U.S. crucial port and supply chain safety.
Europe will grow significantly in the passenger security market share owing to increasing tourist arrival in the region along with upgradation in security systems to implement new technologies. Multiple airports including Manchester Airport, Gatwick Airport, and Marseille Provence Airport are investing in expansion projects to enhance the tourists travelling experience. For instance, Manchester Airport is investing around USD 1.26 billion in airport expansion project along with 2 new security halls with advanced technologies. In addition, in April 2019, the Manchester Airports Group announced that group will install new security scanners to enhance safety and speed up operations.
The industry participants in the passenger security market share includes Advanced Perimeter Systems Ltd., Axis Communications AB., Adani Systems Inc., Autoclear, LLC., Bosch Security Systems GmbH, and C.E.I.A. SpA. The other players in the industry includes FLIR Systems, Inc., Honeywell International Inc, L3 Security & Detection Systems, Navtech Radar, Siemens, Sensurity LTD, and Rapiscan Systems. The industry participants are adopting multiple strategies including new product launch for enhancing their product portfolio and increase revenue generation. For instance, in April 2019, Axis Communications introduced the multi direction, 4 channels with Quad HD resolution system. This system enables users to reduce the camera count and investment in security applications.
The companies also focus on strategic partnership with several management platforms to integrate their solutions with different interface that support the passenger security market growth. For instance, in April 2019, Sensurity LTD integrated its solutions and systems with Genetec security management platform. This enabled the company to integrate their solutions with additional premier detection technologies including video surveillance, access control, and communications and analytics.
Passenger Security Market, By Security, 2013 - 2025 (USD Million)
- Baggage Inspection Systems
- Explosive Trace Detectors
- Hand-Held Scanners
- Walk-Through Metal Detectors
- Full-Body Scanners
- Perimeter Intrusion Detection Systems
- Video Management Systems
- Access Control/Biometric Systems
- Bar-Coded Boarding Systems
- Cybersecurity Solutions
Passenger Security Market, By End User, 2013 - 2025 (USD Million)
The above information has been provided on a regional and country basis for the following:
- North America
- Asia Pacific
- New Zealand
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Adani Systems Inc.
- Advanced Perimeter Systems Ltd.
- Autoclear, LLC.
- Axis Communications AB.
- Bosch Security Systems GmbH
- C.E.I.A. SpA
- FLIR Systems, Inc.
- Honeywell International Inc
- L3 Security & Detection Systems
- Navtech Radar
- Sensurity LTD
- Rapiscan Systems
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