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 Business Research Company’s Passenger Security Global Market Report 2024 offers crucial insights into the passenger security market help businesses analyse and build stronger strategies.

Market Size and Recent Growth

• Market Size in 2023: $6.18 billion
• Expected Growth in 2024: $6.59 billion
• CAGR: 6.6% from 2023 to 2024
• Historic Growth Drivers:
  • Impact of security incidents
  • Public awareness and demand for security
  • Evolution of passenger screening methods
  • Shift in security strategies
  • Introduction of new screening protocols

Future Market Projections

• Market Size in 2028: Expected to reach $8.32 billion
• CAGR: 6.0% from 2024 to 2028
• Forecast Period Growth Drivers:
  • Increased air travel
  • Focus on threat detection
  • Adoption of biometric solutions
  • Global events impacting security
  • Integration of health screening measures

Read The Full Passenger Security Market Report Here:
https://www.thebusinessresearchcompany.com/report/passenger-security-global-market-report

Major Trends in the Forecast Period

• Threat intelligence and information sharing
• Biometric identification
• Enhanced screening technologies
• Behavioral analytics
• Integration of AI and machine learning

Surge in Passenger Traffic Fueling Market Growth

• Rising Passenger Traffic: Driving the expansion of security measures
• Need for Enhanced Security:
  • Airport security essential for safe travel
  • Increase in passengers requires more advanced security solutions
• Recent Statistics:
  • International Civil Aviation Organization (2022): 65% increase in global air passengers from January to April 2022 compared to 2021
  • 30% more aircraft departures and 32% more airline seats during the same period
  • Eurostat (2023): 16.5% increase in EU rail passenger travel in 2021 over 2020

Key Companies in the Market

• Honeywell International Inc.
• Indra Sistemas S.A.
• Robert Bosch GmbH
• Teledyne FLIR LLC
• Autoclear LLC
• Smiths Detection Group Limited
• Adani Systems Inc.
• Advanced Perimeter Systems Limited
• Swissport International AG
• Wabtec Corporation
• Major Airlines: American Airlines, Delta Air Lines, United Airlines, Southwest Airlines, Air France-KLM, Deutsche Lufthansa, Emirates Group, Qatar Airways, Cathay Pacific, Singapore Airlines, Japan Airlines, Korean Air, China Southern Airlines, Air China, Turkish Airlines

Advanced Scanning Technology Transforming Passenger Security

• Technological Advancements: Key trend driving the market
• New Innovations:
  • Thales Group (June 2022): Launched HELIXVIEW, a cutting-edge Explosive Detection System for Cabin Baggage (EDS CB)
  • Combines electronic scanning with 3D image reconstruction
  • Utilizes AI and cybersecurity expertise for a more efficient and affordable airport security solution

Strategic Acquisitions Enhancing Market Presence

• Security 101 Acquisition:
  • October 2023: Acquired Advance Security Integration LLC
  • Expands regional presence and expertise
  • Harmonizes the expertise of both companies, enhancing airport security and detection solutions

Market Segmentation

• By Solution:
  • Baggage Inspection Systems
  • Video Management Systems
  • Access Control or Biometric Systems
  • Cybersecurity Solutions
  • Hand-Held Scanners
  • Full-Body Scanners
  • Explosive Trace Detectors
  • Walk-Through Metal Detectors
  • Perimeter Intrusion Detection Systems
  • Bar-Coded Boarding Systems
• By Investment:
  • New Demand
  • Replacement Demand
• By End User:
  • Commercial Airports
  • Seaports
  • Railway Stations

Regional Insights

• Largest Region in 2023: North America

The passenger security market is experiencing strong growth driven by increased passenger traffic, technological advancements, and rising security demands. With significant investments in innovative screening technologies and strategic acquisitions, the market is poised for continued expansion, enhancing safety and efficiency across various transport hubs worldwide.

Get A Free Sample On The Global Passenger Security Market Report:
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The Passenger Security Global Market Report 2024  provides a comprehensive outlook of the passenger security market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The passenger security market forecast offers a thorough analysis on passenger security market size, passenger security market share, prominent players and their strategies.

The Table Of Content For The Passenger Security Market Include:
1. Passenger Security Market Executive Summary
2. Passenger Security Market Segments
3. Passenger Security Market Size And Passenger Security Market Growth Rate
4. Key Passenger Security Market Trends
5. Major Passenger Security Market Drivers
……
25. Key Mergers And Acquisitions In The Passenger Security Market
26. Top Passenger Security Companies
27. Passenger Security Market Opportunities And Strategies
28. Passenger Security Market, Conclusions And Recommendations
29. Appendix

Explore Similar Reports From The Business Research Company:
Airport Technologies Global Market Report 2024
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Security As A Service Global Market Report 2024

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