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Passenger Security Equipment Market by Transport Infrastructure (Airports, Train Station, Bus Stations, and Seaports) and Type (Baggage Inspection System, Explosive Detection System, Video Surveillance, Intrusion Detection and Prevention System, Fire Safety & Detection System, People Screening Systems, and others) - Global Opportunity Analysis and Industry Forecast, 2017-2023

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IC_172860
Pages: 175
Oct 2017 | 1919 Views
 
Author's : Komal Sharma
Tables: 49
Charts: 77
 

Passenger Security Equipment Market Overview:

The Global Passenger Security Equipment Market is expected to reach $79,042 million from $43,398 million in 2023 from 2016. It is estimated to grow at a CAGR of 8.9% during the period, 2017‐2023. The passenger security equipment are used to safeguard passengers from accidentals harms, crimes, and other threats. Honeywell International, Orbocomm, L-3 Communications are some of the leading key players of the market.

The governments across the world have started investing high on the safety and security products and solutions owing to the growth in safety and security concerns. For instance, the federal government allocated $7.6 billion budget for the transportation security administration (TSA) department in 2017. Out of this budget, $200 million will be spend on the transportation screening technology.

Segment Overview

The passenger security equipment market is segmented based on transport infrastructure, type, and region. By transport infrastructure, it is classified into airports, train stations, bus stations, and seaports. The airports segment dominated in terms of revenue across the globe in 2016. It is expected that the sector would maintain this trend throughout the forecast period, owing to development of airport infrastructure and growth in security threats.

Based on type, the global passenger security equipment market is categorized into baggage inspection system, explosive detection system, video surveillance, intrusion detection & prevention system, fire safety & detection system, people screening systems, and others. The people screening systems segment dominated the market, in terms of revenue, and is expected to maintain this trend for the forecast period. Geographically, it analyzes the market across North America, Europe, Asia-Pacific, and LAMEA.

 

Market Segmentation

Market Segmentation

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By region, North America held the largest market share of the global passenger security equipment market, owing to expenditure on the passenger security equipment by governments in 2016. The governments invest heavily in the passenger security equipment market owing to the growth in terrorism and illegal and unethical activities at the airports, bus stands, train stations, and seaports.

Geographical Scenario

Geographical Scenario

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Competition Analysis

Competitive analysis and profiles of  leading manufacturers in the passenger security equipment market includes Honeywell International, Orbocomm, L-3 Communications, Kapsch, Siemens AG, Rapiscan Systems, Rockwell Collins, Safran Group, Raytheon Group, and Smiths Group. The key strategies adopted by key players were product launches, acquisitions, and collaboration during the period, 2015-2017.

Key Benefits of Passenger Security Equipment Market Report:

  • The report provides an extensive analysis of the current and emerging market trends and dynamics in the global passenger security equipment market.
  • The research offers an evaluation of market estimations for the key market segments during the period, 2016-2023.
  • The study helps in assessment of key product positioning and monitoring the top competitors within the market framework.
  • The report helps to analyze all regions to determine the prevailing opportunities in these geographies.
  • Key market players within the passenger security equipment market are profiled in this report along with their strategies which helps in understanding competitive outlook of the global passenger equipment market.

Key Segments of the Passenger Security Equipment MaArket:

By Transport Infrastructure

  • Airports
  • Train Stations
  • Bus Stations
  • Seaports

By Type

  • Baggage Inspection System
  • Explosive Detection System
  • Video Surveillance
  • Intrusion Detection and Prevention System
  • Fire Safety & Detection System
  • People Screening Systems
  • Others

By Region

  • North America
    • U.S.
    • Mexico
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Players

  • Honeywell International
  • Orbocomm
  • L-3 Communications
  • Kapsch
  • Siemens AG
  • Rapiscan Systems
  • Rockwell Collins
  • Safran Group
  • Raytheon Group
  • Smiths Group

The other players in the value chain include (profiles not included in the report):

  • Anixter
  • Avigilon
  • Harris
  • HID Global
  • Lockheed Martin
  • Northrop Grumman

Analyst’s Views

The global passenger security equipment market is expected to witness a steady growth owing to increase in the terror attacks on public transport infrastructures in the coming years. For instance, the terrorists attacked Maalbeek metro station in central Brussels, which resulted into death of thirty-two civilians and injury of more than three hundred civilians in March, 2016. Such incidents are on increase; and therefore, the passenger security equipment is installed by various transport authorities across the globe. These systems are helpful to monitor and scan passengers and their luggage. Furthermore, rise in demand of biometrics technologies for identity verification by governments fuels the market growth.

Moreover, the regional governments make huge investment to install the latest and updated passenger security equipment. The rise in investment is marked due to illegal and unethical activities at the airports, bus stands, train stations, and seaports apart from the security threats. For instance, owing to growth in terrorist activities in the region, the Canadian government passed a bill to provide security awareness in June 2017. The government would provide training for all rail workers, implement security plans to address potential risks of the train stations and trains, and provide security plan training for the employees.

Key players in the global passenger security equipment market include Honeywell International, Orbocomm, L-3 Communications, Kapsch, Siemens AG, Rapiscan Systems, Rockwell Collins, Safran Group, Raytheon Group, and Smiths Group. Market players adopt product launch as their key developmental strategy to keep pace with the demands of end users. Acquisitions and expansions are the other strategies adopted by the leading manufacturers to expand their passenger security equipment product offerings and boost their production processes.

 

Chapter: 1 INTRODUCTION

1.1. Report Description
1.2. Key Benefits for Stakeholders
1.3. Key Market Segments
1.4. Research Methodology

1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tools and Models

Chapter: 2 EXECUTIVE SUMMARY

2.1. CXO Perspective

Chapter: 3 MARKET OVERVIEW

3.1. Market Definition and Scope
3.2. Key Findings

3.2.1. Top Impacting Factors
3.2.2. Top Winning Strategies
3.2.3. Top Investment Pockets

3.3. Porters Five Forces Analysis

3.3.1. Porters Five Forces Analysis

3.4. Market Dynamics

3.4.1. Drivers
3.4.2. Restraint
3.4.3. Opportunity

Chapter: 4 PASSENGER SECURITY EQUIPMENT MARKET, BY TRANSPORT INFRASTRUCTURE

4.1. Overview

4.1.1. Market Size and Forecast

4.2. Airports

4.2.1. Introduction
4.2.2. Key Market Trends, Growth Factors, and Opportunities
4.2.3. Market Size and Forecast

4.3. Train Stations

4.3.1. Introduction
4.3.2. Key Market Trends, Growth Factors, and Opportunities
4.3.3. Market Size and Forecast

4.4. Bus Stations

4.4.1. Introduction
4.4.2. Key Market Trends, Growth Factors, and Opportunities
4.4.3. Market Size and Forecast

45 Seaports

4.5.1. Introduction
4.5.2. Key Market Trends, Growth Factors, and Opportunities
4.5.3. Market Size and Forecast

Chapter: 5 PASSENGER SECURITY EQUIPMENT MARKET, BY TYPE

5.1. Overview

5.1.1. Market Size and Forecast

5.2. Baggage Inspection System

5.2.1. Introduction
5.2.2. Key Market Trends, Growth Factors, and Opportunities
5.2.3. Market Size and Forecast

5.3. Explosive Detection System

5.3.1. Introduction
5.3.2. Key Market Trends, Growth Factors, and Opportunities
5.3.3. Market Size and Forecast

5.4 Video Surveillance System

5.4.1. Introduction
5.4.2. Key Market Trends, Growth Factors, and Opportunities
5.4.3. Market Size and Forecast

5.5 Intrusion Detection & Prevention Systems

5.5.1. Introduction
5.5.2. Key Market Trends, Growth Factors, and Opportunities
5.5.3. Market Size and Forecast

5.6 Fire Safety & Detection System

5.6.1. Introduction
5.6.2. Key Market Trends, Growth Factors, and Opportunities
5.6.3. Market Size and Forecast

5.7 People Screening Systems

5.7.1. Introduction
5.7.2. Key Market Trends, Growth Factors, and Opportunities
5.7.3. Market Size and Forecast

5.8 Others

5.8.1. Introduction
5.8.2. Key Market Trends, Growth Factors, and Opportunities
5.8.3. Market Size and Forecast

Chapter: 6 PASSENGER SECURITY EQUIPMENT MARKET, BY GEOGRAPHY

6.1. Overview

6.1.1. Market Size and Forecast

6.2. North America

6.2.1. Introduction
6.2.2. Key Market Trends, Growth Factors, and Opportunities
6.2.3. Market Size and Forecast
6.2.4. U.S.

6.2.4.1. Market Size and Forecast

6.2.5. Canada

6.2.5.1. Market Size and Forecast

6.2.6. Mexico

6.2.6.1. Market Size and Forecast

6.3. Europe

6.3.1. Introduction
6.3.2. Key Market Trends, Growth Factors, and Opportunities
6.3.3. Market Size and Forecast
6.3.4. Germany

6.3.4.1. Market Size and Forecast

6.3.5. France

6.3.5.1. Market Size and Forecast

6.3.6. UK

6.3.6.1. Market Size and Forecast

6.3.7. Rest of Europe

6.3.7.1. Market Size and Forecast

6.4. Asia-Pacific

6.4.1. Introduction
6.4.2. Key Market Trends, Growth Factors, and Opportunities
6.4.3. Market Size and Forecast
6.4.4. China

6.4.4.1. Market Size and Forecast

6.4.5. Japan

6.4.5.1. Market Size and Forecast

6.4.6. India

6.4.6.1. Market Size and Forecast

6.4.7. Rest of Asia-Pacific

6.4.7.1. Market Size and Forecast

6.5. LAMEA

6.5.1. Introduction
6.5.2. Key Market Trends, Growth Factors, and Opportunities
6.5.3. Market Size and Forecast
6.5.4. Latin America

6.5.4.1. Market Size and Forecast

6.5.5. Middle East

6.5.5.1. Market Size and Forecast

6.5.6. Africa

6.5.6.1. Market Size and Forecast

Chapter: 7 RELATED INDUSTRY INSIGHTS

7.1. IoT in Transportation Market

7.1.1. Executive Summary

7.2. Physical Security Market

7.2.1. Executive Summary

Chapter: 8 COMPANY PROFILES

7.1. Honeywell International

7.1.1. Company Overview
7.1.2. Company Snapshot
7.1.3. Operating Business Segments
7.1.4. Business Performance
7.1.5. Key Strategic Moves and Developments

7.2. Orbocomm

7.2.1. Company Overview
7.2.2. Company Snapshot
7.2.3. Operating Business Segments
7.2.4. Business Performance
7.2.5. Key Strategic Moves and Developments

7.3. L-3 Communications

7.3.1. Company Overview
7.3.2. Company Snapshot
7.3.3. Operating Business Segments
7.3.4. Business Performance
7.3.5. Key Strategic Moves and Developments

7.4. Kapsch

7.4.1. Company Overview
7.4.2. Company Snapshot
7.4.3. Operating Business Segments
7.4.4. Business Performance
7.4.5. Key Strategic Moves and Developments

7.5. Simens AG

7.5.1. Company Overview
7.5.2. Company Snapshot
7.5.3. Operating Business Segments
7.5.4. Business Performance
7.5.5. Key Strategic Moves and Developments

7.6. Rapiscan Systems

7.6.1. Company Overview
7.6.2. Company Snapshot
7.6.3. Operating Business Segments
7.6.4. Business Performance
7.6.5. Key Strategic Moves and Developments

7.7. Rockwell Collins

7.7.1. Company Overview
7.7.2. Company Snapshot
7.7.3. Operating Business Segments
7.7.4. Business Performance
7.7.5. Key Strategic Moves and Developments

7.8. Safran Group

7.8.1. Company Overview
7.8.2. Company Snapshot
7.8.3. Operating Business Segments
7.8.4. Business Performance
7.8.5. Key Strategic Moves and Developments

7.9. Raytheon Group

7.9.1. Company Overview
7.9.2. Company Snapshot
7.9.3. Operating Business Segments
7.9.4. Business Performance
7.9.5. Key Strategic Moves and Developments

7.10. Smith Groups

7.10.1. Company Overview
7.10.2. Company Snapshot
7.10.3. Operating Business Segments
7.10.4. Business Performance
7.10.5. Key Strategic Moves and Developments

LIST OF TABLES

TABLE 1. GLOBAL PASSENGER SECURITY EQUIPMENT MARKET, BY TRANSPORT MODE, 20162023 ($MILLION)
TABLE 2. AIRPORT PASSEGER SECURITY EQUIPMENT MARKET, BY GEOGRAPHY, 20162023 ($MILLION)
TABLE 3. TRAIN STATION PASSENGER SECURITY EQUIPMENT MARKET, BY GEOGRAPHY, 20162023 ($MILLION)
TABLE 4. BUS STATION PASSENGER SECURITY EQUIPMENT MARKET, BY GEOGRAPHY, 20162023 ($MILLION)
TABLE 5. SEAPORT PASSENGER SECURITY EQUIPMENT MARKET, BY GEOGRAPHY, 20162023 ($MILLION)
TABLE 6. GLOBAL PASSENGER SECURITY EQUIPMENT MARKET, BY TRANSPORT MODE, 20162023 ($MILLION)
TABLE 7. BAGGAGE SECURITY SYSTEM MARKET, BY GEOGRAPHY, 20162023 ($MILLION)
TABLE 8. EXPLOSIVE DETECTION SYSTEM MARKET, BY GEOGRAPHY, 20162023 ($MILLION)
TABLE 9. VIDEO SURVEILLANCE MARKET, BY GEOGRAPHY, 20162023 ($MILLION)
TABLE 10. INTRUTION DETECTION & PREVENTION SYSTEM MARKET, BY GEOGRAPHY, 20162023 ($MILLION)
TABLE 11. FIRE SAFETY & DETECTIO SYSTEM MARKET, BY GEOGRAPHY, 20162023 ($MILLION)
TABLE 12. PEOPLE SCREENING SYSTEM MARKET, BY GEOGRAPHY, 20162023 ($MILLION)
TABLE 13. OTHER PEOPLE SCREENING SYSTEM MARKET, BY GEOGRAPHY, 20162023 ($MILLION)
TABLE 14. NORTH AMERICA PASSENGER SECURITY EQUIPMENT MARKET, BY TRANSPORT MODE, 20162023 ($MILLION)
TABLE 15. NORTH AMERICA PASSENGER SECURITY EQUIPMENT MARKET, BY TYPE, 20162023 ($MILLION)
TABLE 16. NORTH AMERICA PASSENGER SECURITY EQUIPMENT MARKET, BY COUNTRY, 20162023 ($MILLION)
TABLE 17. EUROPE PASSENGER SECURITY EQUIPMENT MARKET, BY TRANSPORT MODE, 20162023 ($MILLION)
TABLE 18. EUROPE PASSENGER SECURITY EQUIPMENT MARKET, BY TYPE, 20162023 ($MILLION)
TABLE 19. EUROPE PASSENGER SECURITY EQUIPMENT MARKET, BY COUNTRY, 20162023 ($MILLION)
TABLE 20. ASIA-PACIFIC PASSENGER SECURITY EQUIPMENT MARKET, BY TRANSPORT MODE, 20162023 ($MILLION)
TABLE 21. ASIA-PACIFIC PASSENGER SECURITY EQUIPMENT MARKET, BY TYPE, 20162023 ($MILLION)
TABLE 22. ASIA PACIFIC PASSENGER SECURITY EQUIPMENT MARKET, BY COUNTRY, 20162023 ($MILLION)
TABLE 23. LAMEA PASSENGER SECURITY EQUIPMENT MARKET, BY TRANSPORT MODE, 20162023 ($MILLION)
TABLE 24. LAMEA PASSENGER SECURITY EQUIPMENT MARKET, BY TYPE, 20162023 ($MILLION)
TABLE 25. LAMEA PASSENGER SECURITY EQUIPMENT MARKET, BY TYPE, 20162023 ($MILLION)
TABLE 26. HONEYWELL INTERNATIONAL: COMPANY SNAPSHOT
TABLE 27. HONEYWELL INTERNATIONAL: OPERATING SEGMENTS
TABLE 28. HONEYWELL INTERNATIONAL: PRODUCT PORTFOLIO
TABLE 29. ORBOCOMM: COMPANY SNAPSHOT
TABLE 30. ORBOCOMM: OPERATING SEGMENTS
TABLE 31. ORBOCOMM: PRODUCT PORTFOLIO
TABLE 32. L-3 COMMUNICATIONS: COMPANY SNAPSHOT
TABLE 33. L-3 COMMUNICATIONS: OPERATING SEGMENTS
TABLE 34. L-3 COMMUNICATIONS: PRODUCT PORTFOLIO
TABLE 35. KAPSCH.: COMPANY SNAPSHOT
TABLE 36. KAPSCH.: OPERATING SEGMENTS
TABLE 37. KAPSCH: PRODUCT PORTFOLIO

TABLE 38. NATIONAL INSTRUMENTS CORPORATION: COMPANY SNAPSHOT
TABLE 39. NATIONAL INSTRUMENTS CORPORATION: OPERATING SEGMENTS
TABLE 40. NATIONAL INSTRUMENTS CORPORATION: PRODUCT PORTFOLIO
TABLE 41. KEYSIGHT TECHNOLOGIES: COMPANY SNAPSHOT
TABLE 42. KEYSIGHT TECHNOLOGIES: OPERATING SEGMENTS
TABLE 43. KEYSIGHT TECHNOLOGIES: PRODUCT PORTFOLIO
TABLE 44. GIGA-TRONICS INCORPORATED: COMPANY SNAPSHOT
TABLE 45. GIGA-TRONICS INCORPORATED: OPERATING SEGMENTS
TABLE 46. GIGA-TRONICS INCORPORATED: PRODUCT PORTFOLIO
TABLE 47. B&K PRECISION CORPORATION: COMPANY SNAPSHOT
TABLE 48. B&K PRECISION CORPORATION: OPERATING SEGMENTS
TABLE 49. B&K PRECISION CORPORATION: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 1. MARKET SEGMENTATION
FIGURE 2. TOP IMPACTING FACTORS
FIGURE 3. TOP WINNING STRATEGIES: PERCENTAGE DISTRIBUTION (20132016)
FIGURE 4. TOP INVESTMENT POCKETS IN GLOBAL SPECTRUM ANALYZER MARKET, BY END-USER
FIGURE 5. BARGAINING POWER OF SUPPLIERS
FIGURE 6. BARGAINING POWER OF BUYERS
FIGURE 7. THREAT OF SUBSTITUTES
FIGURE 8. THREAT OF NEW ENTRANTS
FIGURE 9. INTENSITY OF COMPETITIVE RIVALRY
FIGURE 10. COMPARATIVE REGIONAL SHARE ANALYSIS OF HANDHELD SPECTRUM ANALYZER MARKET, 2016 & 2023 (%)
FIGURE 11. GLOBAL HANDHELD SPECTRUM ANALYZER MARKET, 20162023 ($MILLION)
FIGURE 12. GLOBAL HANDHELD SPECTRUM ANALYZER MARKET ANALYSIS, 2016 & 2023
FIGURE 13. COMPARATIVE REGIONAL SHARE ANALYSIS OF PORTABLE SPECTRUM ANALYZER MARKET, 2016 & 2023 (%)
FIGURE 14. GLOBAL PORTABLE SPECTRUM ANALYZER MARKET, 20162023 ($MILLION)
FIGURE 15. GLOBAL PORTABLE SPECTRUM ANALYZER MARKET ANALYSIS, 2016 & 2023
FIGURE 16. COMPARATIVE REGIONAL SHARE ANALYSIS OF BENCHTOP SPECTRUM ANALYZER MARKET, 2016 & 2023 (%)
FIGURE 17. GLOBAL BENCHTOP SPECTRUM ANALYZER MARKET, 20162023 ($MILLION)
FIGURE 18. GLOBAL BENCHTOP SPECTRUM ANALYZER MARKET ANALYSIS, 2016 & 2023
FIGURE 19. COMPARATIVE REGIONAL SHARE ANALYSIS OF WIRED SPECTRUM ANALYZER MARKET, 2016 & 2023 (%)
FIGURE 20. GLOBAL WIRED SPECTRUM ANALYZER MARKET, 20162023 ($MILLION)
FIGURE 21. GLOBAL WIRED SPECTRUM ANALYZER MARKET ANALYSIS, 2016 & 2023
FIGURE 22. COMPARATIVE REGIONAL SHARE ANALYSIS OF WIRELESS SPECTRUM ANALYZER MARKET, 2016 & 2023 (%)
FIGURE 23. GLOBAL WIRELESS SPECTRUM ANALYZER MARKET, 20162023 ($MILLION)
FIGURE 24. GLOBAL WIRELESS SPECTRUM ANALYZER MARKET ANALYSIS, 2016 & 2023
FIGURE 25. COMPARATIVE REGIONAL SHARE ANALYSIS OF AUTOMOTIVE & TRANSPORTATION END-USER MARKET, 2016 & 2023 (%)
FIGURE 26. GLOBAL AUTOMOTIVE & TRANSPORTATION END-USER MARKET, 20162023 ($MILLION)
FIGURE 27. GLOBAL AUTOMOTIVE & TRANSPORTATION END-USER MARKET ANALYSIS, 2016 & 2023
FIGURE 28. COMPARATIVE REGIONAL SHARE ANALYSIS OF IT & TELECOMMUNICATION END-USER MARKET, 2016 & 2023 (%)
FIGURE 29. GLOBAL IT & TELECOMMUNICATION END-USER MARKET, 20162023 ($MILLION)
FIGURE 30. GLOBAL IT & TELECOMMUNICATION END-USER MARKET ANALYSIS, 2016 & 2023
FIGURE 31. COMPARATIVE REGIONAL SHARE ANALYSIS OF MEDICAL & HEALTHCARE END-USER MARKET, 2016 & 2023 (%)
FIGURE 32. GLOBAL MEDICAL & HEALTHCARE END-USER MARKET, 20162023 ($MILLION)
FIGURE 33. GLOBAL MEDICAL & HEALTHCARE END-USER MARKET ANALYSIS, 2016 & 2023
FIGURE 34. COMPARATIVE REGIONAL SHARE ANALYSIS OF SEMICONDUCTORS & ELECTRONICS END-USER MARKET, 2016 & 2023 (%)
FIGURE 35. GLOBAL SEMICONDUCTORS & ELECTRONICS END-USER MARKET, 20162023 ($MILLION)
FIGURE 36. GLOBAL SEMICONDUCTORS & ELECTRONICS END-USER MARKET ANALYSIS, 2016 & 2023
FIGURE 37. COMPARATIVE REGIONAL SHARE ANALYSIS OF INDUSTRIAL & ENERGY END-USER MARKET, 2016 & 2023 (%)
FIGURE 38. GLOBAL INDUSTRIAL & ENERGY END-USER MARKET, 20162023 ($MILLION)
FIGURE 39. GLOBAL INDUSTRIAL & ENERGY END-USER MARKET ANALYSIS, 2016 & 2023
FIGURE 40. COMPARATIVE REGIONAL SHARE ANALYSIS OF AEROSPACE & DEFENSE END-USER MARKET, 2016 & 2023 (%)
FIGURE 41. GLOBAL AEROSPACE & DEFENSE END-USER MARKET, 20162023 ($MILLION)
FIGURE 42. GLOBAL AEROSPACE & DEFENSE END-USER MARKET ANALYSIS, 2016 & 2023
FIGURE 43. COMPARATIVE REGIONAL SHARE ANALYSIS OF OTHERS END-USER MARKET, 2016 & 2023 (%)
FIGURE 44. GLOBAL OTHERS END-USER MARKET, 20162023 ($MILLION)
FIGURE 45. GLOBAL OTHERS END-USER MARKET ANALYSIS, 2016 & 2023
FIGURE 46. U.S. SPECTRUM ANALYZER MARKET, 20162023 ($MILLION)
FIGURE 47. CANADA SPECTRUM ANALYZER MARKET, 20162023 ($MILLION)
FIGURE 48. MEXICO SPECTRUM ANALYZER MARKET, 20162023 ($MILLION)
FIGURE 49. GERMANY SPECTRUM ANALYZER MARKET, 20162023 ($MILLION)
FIGURE 50. FRANCE SPECTRUM ANALYZER MARKET, 20162023 ($MILLION)
FIGURE 51. UK SPECTRUM ANALYZER MARKET, 20162023 ($MILLION)
FIGURE 52. REST OF EUROPE SPECTRUM ANALYZER MARKET, 20162023 ($MILLION)
FIGURE 53. CHINA SPECTRUM ANALYZER MARKET, 20162023 ($MILLION)
FIGURE 54. JAPAN SPECTRUM ANALYZER MARKET, 20162023 ($MILLION)
FIGURE 55. INDIA SPECTRUM ANALYZER MARKET, 20162023 ($MILLION)
FIGURE 56. REST OF ASIA-PACIFIC SPECTRUM ANALYZER MARKET, 20162023 ($MILLION)
FIGURE 57. LATIN AMERICA SPECTRUM ANALYZER MARKET, 20162023 ($MILLION)
FIGURE 58. MIDDLE EAST SPECTRUM ANALYZER MARKET, 20162023 ($MILLION)
FIGURE 59. AFRICA SPECTRUM ANALYZER MARKET, 20162023 ($MILLION)
FIGURE 60. ADVANTEST CORPORATION: NET SALES, 20142016 ($MILLION)
FIGURE 61. ADVANTEST CORPORATION: REVENUE BY SEGMENT, 2016 (%)
FIGURE 62. ADVANTEST CORPORATION: REVENUE BY GEOGRAPHY, 2016 (%)
FIGURE 63. YOKOGAWA ELECTRIC CORPORATION: NET SALES, 20142016 ($MILLION)
FIGURE 64. YOKOGAWA ELECTRIC CORPORATION: REVENUE BY SEGMENT, 2016 (%)
FIGURE 65. YOKOGAWA ELECTRIC CORPORATION: REVENUE BY GEOGRAPHY, 2016 (%)
FIGURE 66. ROHDE & SCHWARZ GMBH & CO., KG.: NET SALES, 20142016 ($MILLION)
FIGURE 67. ROHDE & SCHWARZ GMBH & CO., KG.: REVENUE BY SEGMENT, 2016 (%)
FIGURE 68. ROHDE & SCHWARZ GMBH & CO., KG.: REVENUE BY GEOGRAPHY, 2016 (%)
FIGURE 69. NATIONAL INSTRUMENTS CORPORATION: REVENUE, 20142016 ($MILLION)
FIGURE 70. NATIONAL INSTRUMENTS CORPORATION: REVENUE BY SEGMENT, 2016 (%)
FIGURE 71. NATIONAL INSTRUMENTS CORPORATION: REVENUE BY GEOGRAPHY, 2016 (%)
FIGURE 72. KEYSIGHT TECHNOLOGIES: REVENUE, 20142016 ($MILLION)
FIGURE 73. KEYSIGHT TECHNOLOGIES: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 74. KEYSIGHT TECHNOLOGIES: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 75. GIGA-TRONICS INCORPORATED: REVENUE, 20142016 ($MILLION)
FIGURE 76. GIGA-TRONICS INCORPORATED: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 77. GIGA-TRONICS INCORPORATED: REVENUE SHARE BY GEOGRAPHY, 2016 (%)

 

The  global passenger security equipment market is expected to witness steady growth in the coming years, due to the increase in terror attacks on public transport infrastructures. For instance, on March, 2016, terrorists attacked Maalbeek metro station in central Brussels, which resulted into death of thirty-two civilians and injury of more than three hundred civilians. Such incidents are on an increase; and therefore, the transport authorities across the globe have started installing the passenger security systems which are helpful in monitoring and scanning passengers and their luggage. Further, rise in demand of biometrics technologies for identity verification by the government fuels the market growth.

Further, the regional governments invest a lot in installing the latest and updated passenger security equipment owing to the illegal and unethical activities at the airports, bus stands, train stations, and seaports apart from the security threats. For instance, in lieu, of the growth in terrorist activities in the region, in June 2017, Canadian government passed a bill to provide security awareness training for all rail workers, implement security plans to address potential risks of the train stations and trains, and provide security plan training for the employees.

Key players in the global passenger security equipment market include Honeywell International, Orbocomm, L-3 Communications, Kapsch, Siemens AG, Rapiscan Systems, Rockwell Collins, Safran Group, Raytheon Group, and Smiths Group. Market players adopt product launch as their key developmental strategy to keep pace with the demands of end users. Acquisitions and expansions are the other strategies adopted by market players to expand their passenger security equipment product offerings and boost their production processes. This has helped companies to develop efficient products as well as expand their sales across different geographies.

 

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