The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The airport security market has experienced rapid growth, with its size projected to ascend from $15.52 billion in 2023 to $17.45 billion in 2024, exhibiting an impressive Compound Annual Growth Rate (CAGR) of 12.5%. This surge in the historic period can be attributed to escalating terrorism threats, stringent regulatory compliance, the rise in passenger volume, the effects of globalization, and substantial infrastructure development.

Anticipated Growth and Future Trajectory

• The airport security market is poised for robust growth, expected to reach $27.31 billion in 2028.
• A forecasted CAGR of 11.8%, fueled by factors such as rising cyber security attacks, digitization of airports, increasing investments in the aviation sector, growing tourism, and a surge in trade.

Emerging Trends: Navigating the Future of Security

• Strategic collaborations
• Biometrics adoption
• Drone detection and mitigation
• Cybersecurity integration
• Multi-modal security

Rising Air Travel Fuels Aircraft Security Growth

• The increase in air travel is a pivotal driver for the aircraft security market.
• Air travel, using aircraft like airplanes or helicopters, facilitates efficient transportation.
• A 67.4% increase in North American air traffic in February 2023 compared to the same period in 2022 reflects the soaring significance of aircraft security.

Key Players in the Airport Security Market

• American Science and Engineering Corp.
• Bosch Corporation
• CEIA S.p.A.
• Lockheed Martin Corporation
• Safran Morpho Inc.
• G4S Secure Solutions (USA) Inc.
• Allied Universal Corporation
• Vision-Box Inc.
• L3Harris Technologies Inc.
• And many more…

View More On The Airport Security Market Report 2024 – https://www.thebusinessresearchcompany.com/report/airport-security-global-market-report

Technological Advancements: Elevating Aviation Security

• Advanced security technologies, including biometrics, AI, and machine learning, are enhancing aviation security.
• Cincinnati/Northern Kentucky International Airport’s implementation of Credential Authentication Technology (CAT) illustrates technological strides to improve security and passenger experience.

Strategic Acquisition for Market Expansion

• In April 2021, Allied Universal acquired G4S plc for $4 billion (£3.8 billion).
• This strategic move aims to deliver heightened value propositions in the security industry, as G4S specializes in security services and solutions.

Market Segmentation: Understanding the Layers of Security

1. By Technology:
   • Access Control
   • Cybersecurity
   • Perimeter Security
   • Screening and Scanning
   • Surveillance
   • Real-Time Locating System (RTLS)
   • Other Technologies
2. By System:
   • Metal Detectors
   • Fiber Optic Perimeter Intrusion
   • Backscatter X-Ray Systems
   • Cabin Baggage Screening Systems
   • Other Systems
3. By Application:
   • Civilian and Commercial Airport
   • Military Airport

Regional Dynamics: North America Leads, Asia-Pacific Accelerates

• North America dominated the airport security market in 2023.
• Asia-Pacific is anticipated to be the fastest-growing region in the forecast period, signaling a shift in the global airport security landscape.

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The Airport Security Global Market Report 2024  provides comprehensive insights on the airport security market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the airport security market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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