What is Passenger Security Market?
Passenger security is one of the essential procedures to cut back the danger of threats and other criminal activities across the world. The traveler screening routine has become vital within the national and international transport infrastructure to forestall baggage from carrying any illegal things like sharp objects, guns, and ammunition in flights, trains, and ships. The screening systems enhance service quality and supply safety from exposure to hazards.
Highlights from Passenger Security Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Smith’s Detection Group Ltd. (United Kingdom), SITA (Belgium), Siemens (Germany), Honeywell International Inc. (United States), Rapiscan Systems (United States), Axis Communications AB (Sweden), Bosch Sicherheitssysteme GmbH (Germany), Autoclear, LLC. (United States), L3 Security & Detection Systems (United States) and FLIR Systems, Inc. (United States) |
The global market for passenger security is fragmented by the global key players owing to the rising demand for the security and safety of travelers and passengers from outer threats and terrorism. The players should focus on the employment of cutting-edge technology for the scanning and the behavioral changes and intentions with certain procedures for the presumptions for the possible attack and hazards.
Smith’s Detection Group Ltd. (United Kingdom), SITA (Belgium), Siemens (Germany), Honeywell International Inc. (United States), Rapiscan Systems (United States), Axis Communications AB (Sweden), Bosch Sicherheitssysteme GmbH (Germany), Autoclear, LLC. (United States), L3 Security & Detection Systems (United States) and FLIR Systems, Inc. (United States) are some of the key players profiled in the study. Passenger Security Market Segmentation:
Scope | Sub-Segments |
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Security Solution | Baggage Inspection Systems,Explosives Trace Detectors,Hand-held Scanners,Walk-through Metal Detectors,Full-body Scanners,Perimeter Intrusion Detection Systems,Others |
Offering | Software,Hardware |
End User | Commercial Airports,Seaports,Railway Stations |
On the basis of geography, the market of Passenger Security has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2021. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Developing Cutting Edge Technologies for Scanning Dangerous Material in Luggage and Developing Procedures for Behaviour Evaluation and Intentions
Market Growth Drivers:
Growth in Passenger Traffic and Requirement of Passenger Security with Significant Technological Advancements and Rising in Outer threats and Terror Attacks
Challenges:
Rising Security Threats and Cyber-Attacks Hampers the Growth
Restraints:
High Installation and Equipment Costs
Opportunities:
Rising New Airports Constructions in Developing Regions
Key Target Audience
Passenger Security Provider, Hardware Manufacturer, Distributor/Provider, Research Institutes, End-User Industry and Others
Market Leaders & Development Strategies
In June 2020, Siemens acquired UltraSoC, a provider of embedded analytics solutions for the semiconductor industry. This acquisition offered a comprehensive portfolio of electronic design automation (EDA) software, including design for silicon lifecycle management.
In March 2023, Smiths Detection collaborated with GRASP Innovations, a Toronto-based technology company that develops artificial intelligence (AI) solutions for the security industry. This collaboration aimed to enhance capabilities of Smiths Detection's security screening products by integrating GRASP Innovations' AI technology. Further, it is estimated to benefit both companies by increasing their market reach and competitiveness in the security industry.