ID: MRFR/A&D/4837-HCR | December 2022 | Region: Global | 100 pages
Impact of COVID-19 on the Global Airport Security Market
The aviation industry has been witnessing unprecedented scenarios in the past two months due to COVID-19. The pandemic has had a negative effect on airline companies. As major countries across the world have scaled back airport operations due to COVID-19, airport security across regions has been revamped to implement non-contact methods to screen passengers and baggage. Furthermore, changes in security screening of cargo have also been implemented to prevent any contamination from being transferred to different locations.
Pre-COVID-19 Impact on the Airport Security Market
According to Market Research Future, the global airport security market was estimated to reach USD 16,650.3 million by 2026 due to factors such as growing new construction activity at airports had a positive impact on the market. Moreover, the need for streamlining the security screening process to minimize passenger waiting time was further expected to drive the market growth. In addition to this, upgradation of existing airports due to the increase in airline passenger traffic further drove the demand for airport security. The airport security industry was expected to witness a Compound Annual Growth Rate (CAGR) of approximately 7% during the forecast period.
Post-COVID-19 Impact on the Airport Security Market
The pandemic has had a devastating impact on the aviation industry across the world. Post the pandemic, very few countries have allowed transportation through air network. Most of the airline companies have grounded their fleet due to a significant reduction in air travel. Apart from a reduction in air travel, the pandemic has painted a distressing picture for airports across the world as they are witnessing a significant shortfall in passenger traffic. A global organization such as the International Air Transport Association (IATA) has estimated a decrease in international air passenger revenues by approximately 50%. However, as lockdown is lifted in a staggered manner, airports across the world have taken measures to implement non-contact methods of screening passengers such as automated checkpoints, X-ray screenings, and baggage inspection. Furthermore, passengers will be encouraged to sanitize at various checkpoints to mitigate the spread of the virus.
COVID-19 Impact on the Airport Security Market in Key Regions
North America: North America includes the US and Canada. Almost every airport across the region has implemented strict measures to prevent the spread of the virus. Furthermore, measures such as thermal screening have been effectively deployed to prevent any passenger from having symptoms, preventing the spread of the virus.
Europe: As flight operations are suspended in Europe, governments across various countries are expected to support airline companies and airports in this region through financial aid. Countries that are severely impacted due to COVID-19, such as Italy, have very strict measures implemented to prevent contamination. Furthermore, passengers from Italy are required to fill out questionnaires at airports to identify any suspected cases.
Asia-Pacific: Asia-Pacific includes countries such as China, India, Japan, Australia, Singapore, and Australia. Airports in China and India have implemented automated non-contact systems and thermal screening to check passengers and baggage. Furthermore, countries such as Japan, Australia, Singapore, and Australia have implemented similar protocols.
The Road Ahead
As airports are crucial infrastructure for air travel, strict measures will be implemented in the present time and the future. Post the development of the vaccine, non-contact airport security measures are likely to remain in place to prevent any disruption caused in the case of an outbreak in the future. The demand for airport security solutions is expected to grow as time passes irrespective of the commencement of flight operations.
Role of Market Research Future
As a market research and consulting company, Market Research Future has been continuously monitoring and tracking the COVID-19 pandemic and its impact on various markets within the aerospace and defense industry. All our research studies have been updated to accommodate the impact of COVID-19 in the respective market to provide our customers with comprehensive market data along with present and future trends with macro and micro-level impact factors.