Commercial Airport Passenger Security Market

The global airport passenger security market is expected to witness a steady growth, owing to increase in the terror attacks on public transport infrastructures in the future. Commercial airport passenger security includes various methods (RCMP, Pre-board screening, etc) to protect airline passengers from several malicious harm, threats, and other crimes. Several passenger security equipment are being installed in various airports across the globe. Such systems are helpful in monitor and scanning of passengers & their luggage. For instance, explosive & intrusion detectors are used to control threats of smuggling and drug trade. Such passenger security systems are also essential to avoid loss of assets & disruption of businesses. Commercial airport passenger security includes to protect airport & country from possible threatening events and assuring the safety of travelling passenger.

COVID-19 Scenario analysis:

• Due to COVID-19 situation, the supply chain of spare parts of commercial aircraft passenger security systems has been hampered due to the declared lockdowns across the globe.
•  Due to COVID-19, lockdown of airports across worldwide & halt of all activities inside airports have lessen the opportunities for commercial airport passenger security industries and their business development potential has been negatively impacted.
• Considerable rise in demand in commercial airport passenger security market is expected in near future as world is moving towards normalcy, and majority of domestic & international flights have started to resume.
• Revenues of commercial airline companies are expected to decline by 55% in 2020 compared to 2019 because of travel restrictions due to COVID-19 crisis. Such decline in airline companies’ revenue may have direct impact on the global commercial airport passenger security market.

Top impacting factors: market scenario analysis, trends, drivers and impact analysis

Rise in number of air passengers globally, technological advancements, and availability of diverse solutions are some of the major factors that drive the growth of the global commercial airport passenger security market. However, increase in cybersecurity risk may hinder the airport passenger security market growth. On the contrary, increase in the use of data analytics, video management software, and artificial intelligence may contribute further in the growth of the airport passenger security market in the future.

Rise in number of air passengers globally

The rise in global air passenger traffic is leading to the expansion of existing airports and construction of new airports. For instance, in 2018, approx. 50 airports in the USA has spent an estimated 70 billion USD for the expansion of existing airports and construction & development of new airports. Further, according to the Economic Times, India is also expected to increase 100 airports in the coming 15 years to cope with the rise in air passenger movement. Such expansion & development of new airports will generate the need of airport passenger security equipment and hence will drive the growth of the global commercial airport passenger security market.                  

Key benefits of the report:

• This study presents the analytical depiction of the commercial airport passenger security industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global commercial airport passenger security market share.
• The current market is quantitatively analysed to highlight the global commercial airport passenger security market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed global commercial airport passenger security market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the commercial airport passenger security market research report:

• Which are the leading market players active in the global commercial airport passenger security market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future that would help in taking further strategic steps?

 Commercial Airport Passenger Security Market Report Highlights