Global Passenger Security Market to Reach $11 Billion by 2030
The global market for Passenger Security estimated at US$5.4 Billion in the year 2022, is projected to reach a revised size of US$11 Billion by 2030, growing at a CAGR of 9.4% over the analysis period 2022-2030. Cybersecurity Solutions, one of the segments analyzed in the report, is projected to record 8.8% CAGR and reach US$3.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Baggage Inspection Systems segment is readjusted to a revised 9.7% CAGR for the next 8-year period.The U.S. Market is Estimated at $1.5 Billion, While China is Forecast to Grow at 13.7% CAGR
The Passenger Security market in the U.S. is estimated at US$1.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.5 Billion by the year 2030 trailing a CAGR of 13.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.5% and 8.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.2% CAGR.Select Competitors (Total 34 Featured) -
- Autoclear, LLC
- Axis Communications AB
- Bosch Sicherheitssysteme GmbH
- FLIR Systems, Inc.
- Honeywell International Inc.
- L3 Security & Detection Systems
- Nutech
- Orbcomm
- Rapiscan Systems
- Raytheon Group
- Safran Group
- Siemens
- SITA
- Smiths Detection Group Ltd.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its 'bumpy' reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Autoclear, LLC
- Axis Communications AB
- Bosch Sicherheitssysteme GmbH
- FLIR Systems, Inc.
- Honeywell International Inc.
- L3 Security & Detection Systems
- Nutech
- Orbcomm
- Rapiscan Systems
- Raytheon Group
- Safran Group
- Siemens
- SITA
- Smiths Detection Group Ltd.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 89 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 5.4 Billion |
Forecasted Market Value ( USD | $ 11 Billion |
Compound Annual Growth Rate | 9.3% |
Regions Covered | Global |