Global Airport Security Market (2021-2026) by Technology and Geography - Competitive Analysis, Impact of COVID-19, Ansoff Analysis

The Global Airport Security Market is estimated to be worth USD 15.4 Billion in 2021 and is expected to reach USD 23.5 Billion by 2026, growing at a CAGR of 8.4%.

Market Dynamics

The global airport security market is expected to be driven by increasing requirements for security at airports. Factors such as the growth of aviation with the increasing development of trade, rise in tourism, increasing dem of for enhanced safety and security pa lay a significant role in market growth. In addition, the increasing accidental harm, security threats, Government regulations associated with security, and rising security technologies further escalate the market revenue during the forecast period. However, high implementation cost and maintenance cost is anticipated to hinder the market.

The various new airport construction and upgrade of airport premises and new technologies advancement in security is anticipated to create new opportunities for the market.

Market Segmentation

The Global Airport Security Market is segmented based on Technology and Geography.

• By Technology, the market is classified as perimeter security, cybersecurity, surveillance, screening, access control, and others. The screening segment is estimated to hold the highest market share during the forecast period.
• By Geography, North America is projected to lead the market.

Recent Developments

1. Vanderlande launches product Automated Screening Lane (ASL) PAX Compact to improve the screening process at airports. - 18th March 2021.
2. Delta Launches Domestic Digital Identity Test in the U.S., Providing Touchless Curb-to-gate Experience. The first facial recognition option for domestic passengers using a digital ID made up of a customer’s passport number and TSA PreCheck® membership. - 29th January 2021.

Company Profiles

Some of the companies covered in this report DetectaChem LLC, FRL, Inc., FLIR Systems, G4S PLC, Glidepath Group, Hitachi Ltd., IBM Corporation, Implant Sciences Corporation, KeTech Defence Ltd. etc.

Competitive Quadrant

The report includes the Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

The report offers a comprehensive evaluation of the Global Airport Security Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.

The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel within the industry.

The report includes in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of COVID-19 on the market is also featured in the report.

The report also contains the competitive analysis using Positioning Quadrants, the analyst's proprietary competitive positioning tool.

Report Highlights

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market