Passenger Security Market Size, Share, Statistics, Latest Trends, Segmentation And Forecast to 2032

The Passenger Security Global Market Report 2023, provides comprehensive information on the passenger security market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032

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The global passenger security market is on a trajectory of growth, with an anticipated increase from $5.79 billion in 2022 to $6.18 billion in 2023, reflecting a commendable compound annual growth rate (CAGR) of 6.8%. Despite this positive outlook, the Russia-Ukraine war has introduced uncertainties in the short-term global economic recovery post the COVID-19 pandemic. This geopolitical conflict has triggered economic sanctions, escalated commodity prices, and caused supply chain disruptions, resulting in inflation across various sectors. Nevertheless, the global passenger security market is projected to attain a valuation of $7.82 billion by 2027, sustained by a robust CAGR of 6.0%

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Technological advancement is the key trend gaining popularity in the passenger security market. Major companies operating in the passenger security market are focusing on developing new technologies to sustain their position in the market. For instance, in June 2022, Thales Group, a France-based producer of security management solutions for airport infrastructure and passengers, launched HELIXVIEW, a new and revolutionary airport scanner. It is a brand-new, cutting-edge Explosive Detection System for Cabin Baggage (EDS CB), allowing passengers to leave things alone. The C3-compliant HELIXVIEW scanner (the next EDS CB standard) combines electronic scanning based on X-ray nanotechnology with 3D image reconstruction. It also uses Thales’ expertise in artificial intelligence (AI) and cybersecurity to develop an innovative and affordable solution for airports.

The passenger security market is segmented:

1) By Solution: Baggage Inspection Systems, Video Management Systems, Access Control Or Biometric Systems, Cybersecurity Solutions, Hand-Held Scanners, Full-Body Scanners, Explosive Trace Detectors, Walk-Through Metal Detectors, Perimeter Intrusion Detection Systems, Bar-Coded Boarding Systems
2) By Investment: New Demand, Replacement Demand
3) By End User: Commercial Airports, Seaports, Railway Stations

North America was the largest region in the passenger security market in 2022.

Top 5 Major Key Players Are:
Honeywell International Inc
Indra Sistemas S.A
Robert Bosch GmbH
Teledyne FLIR LLC
Autoclear LLC

Table Of Contents
1. Executive Summary
2. Passenger Security Market Characteristics
3. Passenger Security Market Trends And Strategies
4. Passenger Security Market – Macro Economic Scenario
5. Passenger Security Market Size And Growth
26. Africa Passenger Security Market
27. Passenger Security Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Passenger Security Market
29. Passenger Security Market Future Outlook and Potential Analysis
30. Appendix

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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.

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