MarkWide Research

Sale!

Passenger Security Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: December, 2022
No of Pages: 164
Delivery Format: PDF+ Excel

$2,950.00

Passenger Security Market
1. Introduction
Passenger security is a critical issue for the aviation industry. Every year, thousands of people die in aviation accidents, and many more are injured. The vast majority of these accidents are caused by human error, and often involve security lapses.

In response to these concerns, the aviation industry has developed a number of security measures designed to improve passenger safety. These measures include enhanced security screening at airports, increased security training for airline staff, and the development of new technologies to improve aircraft safety.

Despite these efforts, accidents continue to happen, and the aviation industry is facing increasing pressure to improve passenger safety. In response, the industry is investing heavily in new security technologies, and is working closely with government agencies to develop and implement new security measures.

The goal of this blog is to provide an overview of the passenger security market, and to discuss the key trends and developments in this market.

The global passenger security market is expected to grow from USD 7.8 billion in 2018 to USD 10.9 billion by 2023, at a CAGR of 6.7%. The growth of this market is being driven by the increasing number of air passengers, the growing threats to aviation security, and the increasing investments by airlines and airport authorities in passenger security.

The key players in the passenger security market are Airbus Group SE (France), The Boeing Company (US), United Technologies Corporation (US), China Aerospace Science and Technology Corporation (China), Northrop Grumman Corporation (US), and Leonardo S.p.A. (Italy).

The following sections will provide an overview of the passenger security market, and will discuss the key trends and developments in this market.

The global passenger security market is segmented by type, application, and geography.

By type, the market is segmented into airport security, airline security, and cargo security.

The airport security segment is further sub-segmented into screening, access control, and perimeter security.

By application, the market is segmented into commercial aviation, military aviation, and homeland security.

By geography, the market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa,

2. Market Overview
The global passenger security market is expected to grow at a CAGR of around 6.5% during the forecast period of 2020-2025. Key factors driving the growth of the market are the increasing air traffic, stringent government regulations, and the rising incidents of terrorism.

The air traffic is constantly increasing due to the growing number of people travelling by air. As per the International Air Transport Association (IATA), the global air traffic is expected to double by 2037. This growth in air traffic is expected to boost the demand for passenger security solutions, as the number of people travelling by air is expected to increase.

The stringent government regulations are another key factor driving the growth of the market. The governments of various countries have made it mandatory for the airports to implement security measures to ensure the safety of the passengers. These measures include the installation of X-ray machines, metal detectors, and baggage scanners.

The rising incidents of terrorism is another key factor driving the growth of the market. The terrorist attacks in various parts of the world have resulted in the death of many people. These attacks have also led to the destruction of property and infrastructure. In order to prevent such incidents, the governments of various countries have implemented various security measures at the airports. This has resulted in the growth of the passenger security market.

The high cost of passenger security solutions is a key restraint for the growth of the market. The installation of security solutions, such as X-ray machines and baggage scanners, is a costly affair. This is expected to hamper the growth of the market during the forecast period.

The Asia-Pacific region is expected to be the fastest-growing market for passenger security during the forecast period. The region is home to some of the busiest airports in the world, such as the Indira Gandhi International Airport and the Dubai International Airport. The increasing air traffic in the region is expected to boost the demand for passenger security solutions.

The major players operating in the global passenger security market are Smiths Detection, Inc., L-3 Security & Detection Systems, Inc., Rapiscan Systems, Inc., and Safran S.A.

3. Market Drivers
The global passenger security market is estimated to register a CAGR of 6.75% during the forecast period of 2020–2025. The market is driven by several factors, which have been discussed below in detail.

Rising Terrorist Attacks and Incidents of Violence:

There has been a significant increase in the number of terrorist attacks and incidents of violence around the world in recent years. This has resulted in a growing need for effective security measures to protect passengers from such threats.

The 9/11 attacks in the US were a major turning point in the global fight against terrorism, and since then, the aviation industry has been working hard to improve security measures. The introduction of enhanced security procedures such as body scanning and baggage screening has helped to reduce the risk of terrorist attacks.

However, the number of terrorist attacks has continued to rise in recent years, with a particular increase in the number of attacks targeting airports and aircraft. This has created a need for further improvements in passenger security measures.

Rising Number of Air passengers:

There has been a significant increase in the number of air passengers in recent years, due to the growing popularity of air travel. This has resulted in a corresponding increase in the number of aircraft and airports.

This growth in air travel has created a need for improved security measures to protect passengers from the increased risk of terrorist attacks and other threats. The introduction of new security technologies and procedures has helped to improve the security of air travel.

However, the rising number of air passengers has also created a need for further improvements in passenger security measures.

Growing Concerns about Passenger Safety:

There is a growing concern about the safety of air travel, due to the increasing number of terrorist attacks and other incidents of violence. This has resulted in a growing need for effective security measures to protect passengers from such threats.

The 9/11 attacks in the US were a major turning point in the global fight against terrorism, and since then, the aviation industry has been working hard to improve security measures. The introduction of enhanced security procedures such as body scanning and baggage screening has helped to reduce the risk of terrorist attacks.

However, the number of

4. Market Restraints
The global passenger security market is expected to grow at a CAGR of around 6% during the forecast period. Rising terrorism and crime activities are the major factors driving the market. However, the market is restrained by various factors, such as stringent government regulations and the high cost of installation.

Stringent Government Regulations:

One of the major restraints for the growth of the passenger security market is the stringent government regulations. The governments of various countries have implemented strict regulations for the installation of security systems in public places, such as airports, railway stations, and metros. For instance, the EU has introduced the EU Body Scanner Regulations, which came into effect from November 2011. As per these regulations, the use of whole body scanners is banned at EU airports. In addition, the US Transportation Security Administration (TSA) has also introduced strict regulations for the installation of security systems at airports. These regulations are expected to restrain the growth of the passenger security market during the forecast period.

High Cost of Installation:

Another key restraint for the passenger security market is the high cost of installation. The cost of installing security systems, such as CCTV cameras, body scanners, and metal detectors, is very high. In addition, the maintenance cost of these systems is also very high. This is expected to hamper the growth of the market during the forecast period.

5. Market Opportunity
The world is changing and so is the way we travel. With new threats emerging every day, passenger security has become a top priority for airlines and airports around the globe. As the market for passenger security solutions continues to grow, there are plenty of opportunities for companies to get involved. Here are 5 market opportunities in the passenger security market:

1. Threat detection and mitigation:

With the current global security landscape, it is more important than ever for airlines and airports to have robust threat detection and mitigation solutions in place. There are a number of different technologies that can be used for this purpose, including x-ray machines, metal detectors, and explosives detection devices.

2. Baggage screening:

Baggage screening is another important aspect of passenger security. This involves using x-ray machines or other similar devices to scan bags and other items before they are allowed on board an aircraft.

3. Body scanning:

Body scanning is a newer technology that is being used more and more to screen passengers for weapons and other potential threats. There are a few different types of body scanners, including x-ray scanners and millimeter wave scanners.

4. Access control:

Access control is another important element of passenger security. This involves controlling who has access to certain areas of an airport or aircraft. There are a number of different technologies that can be used for this purpose, including biometric scanners and RFID tags.

5. Perimeter security:

Perimeter security is another important aspect of passenger security. This involves using physical barriers and other security measures to prevent unauthorized access to an airport or aircraft.

These are just a few of the many market opportunities that are available in the passenger security market. With the right solutions in place, airlines and airports can keep passengers safe and secure.

6. Market Segmentation
The global passenger security market is expected to grow at a CAGR of around 6% during the forecast period. The market is segmented by products, services, applications, end-users, and geography.

The products segment includes security screening, baggage screening, and access control. The services segment includes consulting, installation, and maintenance. The applications segment includes airports, seaports, and railway stations. The end-users segment includes government, commercial, and military.

The market is divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America is expected to dominate the market due to the presence of major players in the region. Asia-Pacific is projected to grow at the highest CAGR due to the increasing number of airports and air passengers in the region.

The major players in the market are Smiths Detection, L-3 Communications, Rapiscan Systems, Nuctech Company, and baggage handling systems. These players are continuously innovating and introducing new products to meet the increasing demand from the market.

7. Market Forecast
The global passenger security market is expected to reach USD 16.20 billion by 2023 from USD 10.20 billion in 2018, at a CAGR of 8.6%. Increasing terrorist and criminal activities and evolving threats of sophisticated weapons are the major factors driving the growth of this market.

The aviation segment is expected to grow at the highest CAGR during the forecast period

Based on application, the passenger security market has been segmented into aviation, maritime, and land. The aviation segment is expected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to the increasing number of air passengers and the stringent security regulations imposed by the governments of various countries.

The Asia Pacific is expected to grow at the highest CAGR during the forecast period

The passenger security market has been studied for North America, Europe, Asia Pacific, the Middle East & Africa, and South America. The Asia Pacific is expected to grow at the highest CAGR during the forecast period due to the increasing number of air passengers and the growing concerns over passenger safety in this region.

The key players in the passenger security market are L-3 Technologies (US), Rapiscan Systems (US), Smiths Detection (UK), Nuctech Company Limited (China), OSI Systems (US), Kaba Holding AG (Switzerland), Analogic Corporation (US), Automated Security Holdings (US), Hitachi, Ltd. (Japan), and Securiport LLC (US). These players have adopted various growth strategies, such as product launches, partnerships, agreements, and collaborations, to expand their presence in the global passenger security market.

8. Competitive Landscape
The global passenger security market is estimated to be valued at USD 9.03 billion in 2019 and is projected to reach USD 12.31 billion by 2025, at a CAGR of 5.6% during the forecast period. The growth of the passenger security market is propelled by the increasing international air travel, the introduction of biometrics-based security solutions, and the stringent government regulations regarding passenger safety.

The competitive landscape of the global passenger security market is fragmented with the presence of several small and large players. The key players in the market include Smiths Detection (UK), Rapiscan Systems (US), L3 Technologies (US), Kaba (Switzerland), IDEMIA (France), Nuctech Company Limited (China), OSI Systems (US), and Redland International (Australia). These players have adopted various growth strategies, such as product launches and developments, mergers and acquisitions, partnerships, and contracts and agreements, to enhance their position in the global passenger security market.

In September 2019, L3 Technologies, Inc. (US) acquired Advanced Laser Diagnostics, LLC (US), a leading provider of high-performance laser-based gas detection solutions. The acquisition will help the company to enhance its product portfolio and expand its customer base in the global gas detection market.

In May 2019, Rapiscan Systems, Inc. (US), a leading provider of security inspection solutions, launched the Eagle 6040 CT, a computed tomography (CT)-based checked baggage screening system. The launch of this product will help the company to strengthen its position in the global passenger security market.

9. Company Profiles
The aviation industry is constantly evolving and growing, which means that the passenger security market is also growing. This market is expected to reach $11.82 billion by 2025, with a compound annual growth rate (CAGR) of 7.8%.

There are many different companies that provide passenger security products and services. Here are 9 of them:

1. Rapiscan Systems

Rapiscan Systems is a leading provider of security solutions for the aviation industry. They offer a wide range of products, including x-ray machines, metal detectors, and explosive detection systems.

2. Smiths Detection

Smiths Detection is another leading provider of security solutions for the aviation industry. They offer a wide range of products, including x-ray machines, metal detectors, and explosive detection systems.

3. L-3 Communications

L-3 Communications is a leading provider of security solutions for the aviation industry. They offer a wide range of products, including x-ray machines, metal detectors, and explosive detection systems.

4. Northrop Grumman

Northrop Grumman is a leading provider of security solutions for the aviation industry. They offer a wide range of products, including x-ray machines, metal detectors, and explosive detection systems.

5. Airbus

Airbus is a leading provider of security solutions for the aviation industry. They offer a wide range of products, including x-ray machines, metal detectors, and explosive detection systems.

6. Boeing

Boeing is a leading provider of security solutions for the aviation industry. They offer a wide range of products, including x-ray machines, metal detectors, and explosive detection systems.

7. Lockheed Martin

Lockheed Martin is a leading provider of security solutions for the aviation industry. They offer a wide range of products, including x-ray machines, metal detectors, and explosive detection systems.

8. General Dynamics

General Dynamics is a leading provider of security solutions for the aviation industry. They offer a wide range of products, including x-ray machines, metal detectors, and explosive detection systems.

9. Raytheon

Ray

LIST OF KEY COMPANIES PROFILED:

    • Smiths Detection Group Ltd. (The UK)
    • Honeywell International Inc. (The US)
    • Orbcomm (The US)
    • L3 Security & Detection System (The US)
    • Siemens AG (Germany)
    • Rapiscan Systems (TheUS)
    • Axis Communication AB (Sweden)
    • Bosch Sicherheitssysteme GmbH (Germany)
    • Autoclear LLC (The US)
    • Nutech (China)

Report Scope & Segmentation

 

  ATTRIBUTE

 

 

   DETAILS

 

 

Study Period

 

 

2016-2027

 

 

Base Year

 

 

2019

 

 

Forecast Period

 

 

2020-2027

 

 

Historical Period

 

 

2016-2019

 

 

Unit

 

 

Value (USD Billion)

 

 

By Equipment

 

 

    • Baggage Inspection Systems
    • Explosive Trace Detectors
    • Hand-Held Scanners
    • Walk-Through Meta Detectors
    • Full-Body Scanners
    • Perimeter Intrusion Detection Systems
    • Video Management Systems
    • Access Control/Biometric Systems
    • Bar-Coded Boarding Systems
    • Cyber Security Solution
 

By End-User

 

 

    • Airport
    • Sea Port
    • Railway Station
    • Others
 

By Region

 

 

    • North America (the U.S. and Canada)
    • Europe (the U.K., Germany, France, Russia and Rest of Europe)
    • Asia Paific (Japan, China, India, Singapore, and Rest of Asia Pacific)
    • Middle East (Saudi Arabia, UAE, Qatar, and Rest of the Middle East)
    • Rest of the World (Latin America and Africa)
 

By Equipment

 

 

    • Baggage Inspection Systems
    • Explosive Trace Detectors
    • Hand-Held Scanners
    • Walk-Through Meta Detectors
    • Full-Body Scanners
    • Perimeter Intrusion Detection Systems
    • Video Management Systems
    • Access Control/Biometric Systems
    • Bar-Coded Boarding Systems
    • Cyber Security Solution
 

By End-User

 

 

    • Airport
    • Sea Port
    • Railway Station
    • Others

 

    • Smiths Detection Group Ltd. (The UK)
    • Honeywell International Inc. (The US)
    • Orbcomm (The US)
    • L3 Security & Detection System (The US)
    • Siemens AG (Germany)
    • Rapiscan Systems (TheUS)
    • Axis Communication AB (Sweden)
    • Bosch Sicherheitssysteme GmbH (Germany)
    • Autoclear LLC (The US)
    • Nutech (China)

Why Choose MWR

Quality Research

Our goal is to provide high-quality data that stimulates growth and creates a win-win situations

Unlimited User Access 

We offer Corporate User license access on all our reports in which you can share the report with your entire team without any restrictions

Free Company Inclusion 

We give you an option to include 3-4 additional company players of your choice in our report without any extra charges

Post Sale Assistance

Unlimited post sales service with an account manager dedicated to making sure that all your needs are met

Covid-19 Impact Analysis

All our research report includes latest Covid-19 Impact and its analysis

Download Free Sample PDF

444 Alaska Avenue

Suite #BAA205 Torrance, CA 90503 USA

+1 424 360 2221

24/7 Customer Support

Download Free Sample PDF