According to The Business Research Company’s Airport And Marine Port Security , The airport and marine port security market size has grown strongly in recent years. It will grow from $82.35 billion in 2024 to $88.67 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to focus on passenger experience, increased air and maritime traffic, emergence of biometric solutions, integration of it and physical security, international trade and cargo security.
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The airport and marine port security market size is expected to see strong growth in the next few years. It will grow to $122.53 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to resilience and emergency preparedness, smart and integrated security systems, biometric and identity verification solutions, rise in passenger and cargo volumes, increasing emphasis on cybersecurity.. Major trends in the forecast period include enhanced threat detection capabilities, biometric authentication and identity verification, cybersecurity integration, use of iot for surveillance and monitoring, adoption of smart and integrated security systems..The increasing internal and external threats are driving the growth of the airport and marine port security market going forward. Internal and external threats refer to the attacks from inside and outside of an organization. Airport and marine port security provide security from attacking with internal and external threats and provide safety to the airports and marine ports. For instance, according to the Transported Asset Protection Association (TAPA) report 2021, a US-based non-profit organization, TAPA has documented nearly 6,463 new cargo threats or attacks across 56 countries in Europe, and the Middle East region for the year 2020. Therefore, the increase in internal and external threats is expected to boost demand for airport and marine port security systems during the forecast period.
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The airport and marine port security market covered in this report is segmented –
1) By Technology: Surveillance Systems, Physical Access Control Systems, Screening and Scanning Systems, Perimeter Intrusion Detection System, Network Access Control and Security, Real-Time Location Systems
2) By Services: Facility and Asset Management, System Integration, Training and Consulting
3) By Infrastructure: Airport, Marine port
Top 5 Major Players:
- Tyco International Ltd
- L-3 Communications Holdings Inc
- Honeywell International Inc
- HCL Infosystems Limited
- Bosch Security Systems Inc
Technological advancement is a key trend gaining popularity in the airport and marine port security market. Major companies operating in the airport and marine port security market are focused on developing new technological solutions to strengthen their position. For instance, in March 2022, the Transportation Security Administration (TSA), a US transportation security agency launched new facial recognition technology at Los Angeles International Airport (LAX) to check and verify the identity of visitors at some of the airport’s security checkpoints. The airport is equipped with a next generation Credential Authentication Technology (CAT) unit that captures a photo of the visitor using camera and compares with the photo ID on facial features and confirms the same. The new technology enables safety and streamlines the visitor experience.
The airport and marine port security market report table of contents includes:
1. Executive Summary
2. Airport And Marine Port Security Market Characteristics
3. Airport And Marine Port Security Market Trends And Strategies
4. Airport And Marine Port Security Market – Macro Economic Scenario
5. Global Airport And Marine Port Security Market Size and Growth
….
31. Global Airport And Marine Port Security Market Competitive Benchmarking
32. Global Airport And Marine Port Security Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Airport And Marine Port Security Market
34. Airport And Marine Port Security Market Future Outlook and Potential Analysis
35. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Airport And Marine Port Security Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Airport And Marine Port Security Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Airport And Marine Port Security Market, Segmentation By Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…
Table 74: Tyco International Ltd. Financial Performance
Table 75: L-3 Communications Holdings Inc. Financial Performance
Table 76: Honeywell International Inc. Financial Performance
Table 77: HCL Infosystems Limited Financial Performance
Table 78: Bosch Security Systems Inc. Financial Performance
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