Airport Security Equipment Market Key Companies Profile and SWOT Analysis by 2031

MARKET OVERVIEW

Safety at airports involves various equipment's that are used to protect travelers, personnel and aircraft from disruptive acts, threats and abuse. It also allows accidents such as explosions, skyjackings and others to be avoided. The equipment's that are used for airport screening include metal detectors, X-ray scanners, bomb detectors, biometrics, intrusion detectors, 3D scanners, and others. The security equipment is also important to prevent the loss of assets and business interruption. To detect threats from crime, smuggling, and drug trafficking, explosive and intrusion equipment's are used. The rise in the air passenger year by year is expected to drive the airport security equipment market.

MARKET SCOPE

The "Global Airport Security Equipment Market Analysis to 2031" is a specialized and in-depth study of the Airport Security Equipment market with a special focus on the global market trend analysis. The report aims to provide an overview of Airport Security Equipment market with detailed market segmentation product, end users, and geography. The global Airport Security Equipment market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Airport Security Equipment market players and offers key trends and opportunities in the Airport Security Equipment market.

MARKET SEGMENTATION

•   On the basis of product, the market is segmented as explosives detector, x-ray and infrared equipment, metal detectors, perimeter and access control, biometrics equipment, alarms and sensors, video surveillance, intercom and video door phones, and others.
  
•   On the basis of end users, the market is segmented as military and civil.
  

MARKET DYNAMICS

Drivers:

•   Mounting technological advancement, growing need for advanced navigation and surveillance technologies
  
•   Upgraded technology for heavy data storage and operational efficiency across various region
  
•   Rise in demand for advanced required navigation performance (RNP).
  Restraint -
  
•   Stringent safety regulations and Susceptibility of FMS to Cyber-Attacks
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global airport security systems market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The airport security equipment market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting airport security systems market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's five forces analysis highlighting factors affecting the airport security equipment market in these regions.

IMPACT OF COVID-19 ON AIRPORT SECURITY EQUIPMENT MARKET

The COVID-19 pandemic has led to one of the biggest challenges to the sustainability of the aviation industry at the global level. There is a tremendous shift in the airport operations and several other passenger processing changes due to the fast-spreading nature of this disease. The aviation industry, particularly the airport sector, is focusing on providing the passenger a different quality level of service in comparison to the previous norms. There is a steep fall in demand for air transport as a result of the cross-border travel restrictions imposed by governments to restrict the virus's transmission. According to IATA, flights are categorized into three levels: (1) high-risk flights, (2) medium-risk flights, and (3) low-risk flights, and differentiated prevention and control measures are applied after a comprehensive evaluation of the outbreak at the place of origin of the flights. Thus, the airport management is bound to be more proactive and capable of implementing digital transformation to ensure the passengers safe and healthy air travel. Further, security equipment is an essential requirement at military airports and at all times in civil airports as well. Therefore, the impact of COVID-19 on airport security equipment market is neutral.

MARKET PLAYERS

The reports cover key developments in the Airport Security Equipment market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Airport Security Equipment market are anticipated to lucrative growth opportunities in the future with the rising demand for Airport Security Equipment market. Below mentioned is the list of few companies engaged in the Airport Security Equipment market.

The report also includes the profiles of key Airport Security Equipment market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   Analogic Corporation
  
•   Autoclear LLC
  
•   Ayonix Corporation
  
•   Brijot Imaging Systems
  
•   Collins Aerospace, a Raytheon Technologies company
  
•   Honeywell International Inc.
  
•   IDEMIA
  
•   Leidos
  
•   Rapiscan Systems
  
•   Smiths Detection Group Ltd
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Airport Security Equipment Report Scope