The availability of diverse security solutions and technological advancements are some of the factors, responsible for the growth of the global airport security market. The capability of security systems to integrate with multiple platforms has extended the growth scope of the global airport security industry. Moreover, the reduced time on screening procedures and real time data intelligence are some of the reasons, due to which, the automated screening equipment are gaining prominence these days. For instance, the self-service screening machine integrated in the London Heathrow Airport has increased the passenger experience and fastened the screening process. Further, the propagation of internet of things (IoT) and smart security solutions are expected to play a key role in the growth of the global airport security market.
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The increase in number of new constructions and infrastructure upgrades of airports is expected to be a major growth driver of the airport security market in the forecast period. With the increase in number of smaller cities, new airports are being built as an important part of an integrated transportation strategy, which is estimated to offer lucrative opportunities for the industry. To address any terrorist or criminal activity, security legislations are being implemented worldwide. In response to the gunman attack on a TSA Officer at LAX International airport in the U.S. on 16th September 2015, legislation was passed which mandated the integration of active shooters at all airports in the country. Under the legislation, the operators have been compelled to update their security procedures and remain well informed with the latest technology facilities.
Additionally, some of the trends witnessed in the global airport security market are increasing awareness of passengers and reducing queue times for security screening. The technical inconsistencies and existence of security equipment are obstructing the growth of the global airport security market. The replacement and up gradation of outdated security systems and growing aftersales revenues, serve as key opportunities for the growth of the market.
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The increased air and traffic volumes are driving the need for efficient and strong security mechanisms. Terrorism and threat of criminal attacks have impelled various governments to strengthen their security measures. Lockheed Martin Corporation, Robert Bosch GmbH, American Science and Engineering Inc., C.E.I.A. S.p.A., OSI Systems Inc., Siemens AG, Smiths Detection are some of the competitors in the global airport security market.
Global Airport Security Market Segmentation
- Access Control
- Cyber Security
- Perimeter Security
- North America
- Rest of the World
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