Airport security market is poised to record noteworthy growth driven by growing prevalence of smuggling activities worldwide. Rise in illegal drug trade or drug trafficking have compelled federal agencies to enforce stricter airport security checks. Governments have started to implement stringent safety measures and protocols across airports to curb such activities and safeguard human life.
Acts of terrorism can also disrupt the flow of business for prolonged periods as the airport stays shut until things get back to normal. Citing an instance, in June 2016, Ataturk Airport in Instanbul was a target for bombing attacks and mass shootings which took nearly 230 lives. Such instances can be prevented with the help of effective airport security technologies.
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The incorporation of digitization in business model, passenger interaction, and security processes has brought a new dimension to airport security market outlook. In fact, over the recent past years, the overall business space has witnessed a plethora of new developments with regards to product innovations and technological integration. The burgeoning demand for seamless processing and luggage checks has literally pushed TSA (Transportation Security Administration) to explore novel security channel, with a significant improvement in threat detection accuracy. Bosch Security Systems, one of the leading names in the market, for instance, has recently launched a Video Management System 7.5 software, which is claimed to enhance openness in video surveillance and forensic capabilities by offering the security operators a much faster and efficient access to video footage.
Conventional security check-in which involves invasive protocols and procedures such as body pat-downs and physical checks are highly uncomfortable. The proliferation of airport security market can be majorly credited to this fundamental aspect. Growing initiations by the governmental organizations toward infrastructural development and disparate systems upgradation is providing significant impetus to industry dynamics. For instance, the TSA is presently integrating advanced technologies like Analogic's COBRA machines in airport security procedures. Reportedly, this next generation threat detection technology has resulted in shorter security queues, improved operational efficiency, and better resource utilization.
Speaking along the similar lines, the TSA has already started working conjointly with American airlines for the installation of advanced screening lanes in some of the selected airports. As per the source, both the organizations have proposed to deploy automated screening lanes and CT scanners in airports which is claimed to reduce passenger waiting times by 30% while at the same time enhances the security check in process. The American airlines and TSA, primarily is introducing these lanes in Dallas/ Fort Worth, Miami, Los Angeles, and Chicago airports. These initiations are certainly opening new avenues for better customer experience which in extension is augmenting airport security market share. In this regard, it is prudent to note that the increasing penetration of smart technologies and IoT is leaving a proportional impact on market dynamics.
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The reason behind North America to become the hotspot for airport security market investors is quite obvert- the growing emphasis by the U.S. government on security measures such as cyber security solutions, surveillance cameras etc. The TSA has recently launched a novel 3D point scanning technology at the Logan International Airport and Phoenix Sky Harbor. The computed tomography screening equipment is proclaimed to possess better threat detection capabilities by offering three-dimensional image of screened cargo. With increasing deployment of such commendable technologies, it is of no surprise that North America industry size would widen its horizon in the coming years.
Some of the other renowned giants actively partaking in airport security market involves Fisher Research Laboratory, Auto Clear LLC, Lockheed Martin Corporation, Axis Communications, Siemens AG, Smiths Detection LLC, and G4S PLC.
Major Key Points from Table of Content:
Chapter 4. Airport Security Market, By Technology
4.1. Market share by technology, 2016 & 2024
4.2. Access Control
4.2.1. Market estimates and forecasts, 2013 – 2024
4.3.1. Market estimates and forecasts, 2013 – 2024
4.4. Perimeter Security
4.4.1. Market estimates and forecasts, 2013 – 2024
4.5.1. Market estimates and forecasts, 2013 – 2024
4.6.1. Market estimates and forecasts, 2013 – 2024
4.7.1. Market estimates and forecasts, 2013 – 2024
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