Global Markets for Technologies in Airport Security

NEW YORK, Dec. 17, 2018 /PRNewswire/ -- Report Scope:
The scope of this report covers various types of security systems used for airport security globally which are access control, cyber security, perimeter security, screening, surveillance, and others, classified in terms of their utility at airports, applications and regional markets.The report also discusses the major market players in various regions.

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Revenue forecasts are given for 2018 to 2023.

Report Includes:
- 87 tables
- An overview of the global markets for technologies in airport security
- Analyses of global market trends, with data from 2017, estimates for 2018, and projections of compound annual growth rates (CAGRs) through 2023
- Explanation of the major market drivers for global airport security and current trends within the industry
- Patent reviews and new developments
- Company profiles of major equipment manufacturers and suppliers, including Bosch Security Systems, Hitachi Ltd., IBM Corp., Schneider Electric and Siemens AG

Summary
The aviation sector has grown in terms of routes, services, technologies and number of air passengers.Today, most of the airline players are operating via 50,000 routes and carry more than three billion passengers globally.

Due to the rise in the global number of passenger airlines, fleet size is increasing.By 2023, it is estimated that the fleet size of passenger aircrafts will double than the present size.

This will compel the authorities to look for advanced airport security solutions and implement the same.

Passengers are provided with adequate information about traffic and parking updates, gate number, flight status, directions, and guidance for the check-in and baggage drop with the help of smartphonebased airport apps.Their travelling experience is further enhanced via an intelligent Queue Management System which uses the pre-installed surveillance systems to predict the waiting time in check-in areas, security checkpoints, taxi lanes and passport control.

This latest technology counts the number of passengers captured on surveillance cameras, calculates the waiting time, and predicts the time lost by a passenger in queue.

These beneficial techniques and systems will only lure in many airline passengers.This will easily turn airports into soft targets for criminal and terrorist activities.

Therefore, solutions such as smart access control systems, fingerprint readers and smart card technology are implemented to improve the standards of airport security and to enhance the overall passenger experience.Currently, airport security authorities are hugely invested in advanced technologies, such as IoT, big data, cloud storage, and artificial intelligence.

The increase in the adoption of these innovative techniques and the increased rate of globalization will drive the market of airport security.

Asia-Pacific region is expected to emerge as one of the fastest growing markets of airport security in the coming years due to the presence of developing countries such as India and China and the increasing number of terrorist attacks in this region. Globalization and movement of goods across the borders are further contributing towards the growth of the airport security market.

BCC Research projects that the global market of airport security will grow from nearly REDACTED in 2018 to more than REDACTED by 2023 at a five-year compound annual growth rate (CAGR) of REDACTED.

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