Industry Background:
Aviation security refers to steps and measures taken to keep the aircraft, airport, passengers, and crew safe. Following the attacks on airports, the need for aviation security is increasing. Aviation security also aims to minimize the transport of illegal goods, the transport of weapons and similar things, and also the transport of drugs. The success of aviation security depends upon whether the airport is able to carry out its day-to-day operations or not. Various equipment and services are used in aviation security. With the growing number of airports, the demand for aviation security is also increasing.This growth is primarily driven by Growing Number of Airport Operations
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Airport Services sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Securitas AB (Sweden), Tame (Ecuador), Raytheon Co (United States), IATA (Canada), Westminster Group Plc (United Kingdom), Hart International (United Arab Emirates), Accenture (Ireland), Boeing Co (United States), General Dynamics Corporation (United States) and Anixter Inc (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In May 2023, Collins Aerospace, a division of Raytheon Technologies, will fulfill a full rate production contract awarded by the U.S. Navy for the Tactical Combat Training System – Increment II (TCTS II), Air Combat Training System (ACMI) for the U.S. Navy. no see. The contract includes both airborne and surface subsystems and will support deployment requirements at various U.S. Navy training ranges.
Regulatory Insights:
The European Parliament and of the Council have laid down common rules and basic standards on aviation security and procedures to monitor the implementation of the common rules and standards. Their common basic standard comprises of screening of passengers, cabin baggage and holds baggage, aircraft security checks, and searches, screening of cargo and mail, screening of airport supplies among other things.
Influencing Trend:
Adoption of New and Innovative Technology in Aviation Security
Market Growth Drivers:
Growing Number of Airport Operations, Need for Safe Operations in Aviation and Risk of Unlawful Activities at Airport
Challenges:
Constant Recalibration Is Necessary for Aviation Security as Those Who Do Unlawful Activity Find Innovative Ways to Serve Their Purpose and Initial Cost of Setting Up Aviation Security Is High
Restraints:
Due to Covid-19 Pandemic, the Air Travel Is Drastically Reduced
Opportunities:
Increasing Investment in Airport Infrastructure Will Increase the Demand for Aviation Security and Technological Advancements in The Security Field Will Boost the Demand for Aviation Security
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Aviation Security Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Aviation Security Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Aviation Security players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Aviation Security Study Sheds Light on
The Aviation Security Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Aviation Security industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Aviation Security industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.