Airport Security Market Expected to be Around USD 13.4 Billion by 2024

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Your Catalyst To a Lucrative Business Airport
Security Market Share, Size, Analysis, Growth,
Strategies, Regional Outlook, Trends and
Forecasts to 2024 Hexa Research
"Airport Security Market worth 13.4 billion by
2024."
The worldwide Airport Security Market was valued
over USD 8.4 billion in 2015. It is expected to
be around USD 13.4 billion by 2024 (2016 to 2024
- forecast period). Increase in air travel should
drive the need for well- organized security
systems. These systems comprise software for
better monitoring, detection, risk prevention.
Terrorism and crimes have encouraged worldwide
governments to make airport security stricter
and keep the same a higher priority. Diverse
innovative solutions and technological advances
have driven the airport security market.
Augmented demand for more effective screening to
decrease passenger hassles enhance safety is
also anticipated to propel market growth in the
near future. New infrastructural developments
airport constructions provide growth prospects
to the market. Governmental mandates have driven
innovative safety systems, thus propelling mark
et revenues. Conversely, economic turmoil
leading to deficiency in funds for new
developments constructions can hinder the
market. Also, the up gradation of old airports
is likely to hamper market flow. High costs of
new technologies may prevent market
growth. Browse Details of Report
_at_ https//www.hexaresearch.com/research-report/air
port-security-market
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Your Catalyst To a Lucrative Business Suppliers
and distributors execute a pivotal role in
procuring small products like access controls,
CCTV cameras, and hand-held devices. Large-size
equipments, such as road-blockers or bollards,
x-ray scanners, and detectors are obtained
directly from vendors on lease or purchase
orders. The airport security market is divided
into technologies and geographies. Technologies
include access controls, screening, cyber
security, surveillance, perimeter security, and
others. Access controls comprise keypads, card
readers, vehicle controls, and biometric
authentication. Screening occupied more than 45
shares in 2015. It encompasses full body scanners
or metal detectors, human pat-down searches,
hand-held detectors, and walk-throughs. Large
passenger volumes have boosted advanced screening
systems like backscatters, X -ray technology,
and millimeter wave. Cyber security technology
protects critical data and IT infrastructure.
These details are crucial for computer
reservation global distribution systems. They
are also important for air traffic control
information systems. The said segment would
experience the fastest growth till2024. Its
growth can be attributed to innovative
technologies and novel trends such as IoT
(Internet of Things), cloud storage, and Big
Data. Geographies consist of North America,
Latin America, Europe, Asia Pacific, and Middle
East Africa (MEA). North America dominated the
market in the recent past. Middle East and Asia
Pacific are predicted to contribute global
market sales. Regional expansion owes to rising
infrastructural developments and passenger
volumes. Threats to the aviation industry from
criminals and extremist groups have emphasized
the need for improved, well-maintained, and
advanced security systems. In late 2013, the
International Air Transport Association (IATA)
and American Concrete Institute (ACI) jointly
signed a memorandum to develop Smart Security
or Smart S. Smart S was an initiative
focused on enhancing the efficiency, safety, and
experience of airport passengers. The global
airport security market is consolidated,
fragmented, diversified, and competitive. Some of
its key players are American Science
Engineering, L-3 Security Detection, Safran
Morpho, and Smiths Detection. American Science
Engineering generated about 50 of the total
incomes in 2014. Collaborations and agreements
are the frequent strategies through which
competitors try to gain an edge over
others. Browse Related Category Market Reports
_at_ https//www.hexaresearch.com/research-category/e
lectronic-security-systems-industry
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• Your Catalyst To a Lucrative Business
• Table of Content of Airport Security Market
• Methodology Scope
• Research Methodology
• Initial Data Exploration
• Statistical Modeling and Forecast
• Industry Insights and Validation
• Research Scope Assumptions
• List of Data Sources
• 2. Executive Summary
• 2.1 Industry Summary of Airport Security Market
• Industry Outlook
• Airport Security Market Segmentation
• Airport Security Market Size and Growth
  Prospects
• Airport Security Market Dynamics

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• Your Catalyst To a Lucrative Business
• Company Overview
• Financial Performance
• Product Benchmarking
• Strategic Initiatives
• L-3 Security Detection
• Company Overview
• Financial Performance
• Product Benchmarking
• Strategic Initiatives
• Safran Morpho
• Company Overview
• Revenue Analysis
• Product Benchmarking
• Strategic Initiatives
• Smiths Detection
• Company Overview
• Revenue Analysis

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