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There is a great number of factors that shape the passenger security market and affect the development, acceptance as well as upgrading of security solutions aimed at safeguarding different travelers in diverse transport sectors. A major market aspect is the increasing global concern on augmented safety measures to cater for changing threats such as terrorism. The result of this factor is an incessant need for improved passenger safety technologies all across air, water, road and rail ports forcing the market to continuously improve and change security protocols.
Passenger Security Market dynamics are significantly influenced by technological advancements. Advanced surveillance systems, biometric identification, and screening technologies are among the many innovations that facilitate development of more efficient security solutions. These dynamics are characterized by constant improvements in technology through utilization of sophisticated equipment that boost passenger screening capabilities while maintaining relevance in terms of addressing new cyber threats.
Regulatory requirements are one of the basic drivers behind Passenger Security Market dynamics. Strict aviation authorities’ policies along with stringent rules set by transport agencies globally must be adhered to by industry stakeholders. Therefore, market trends show that players have a task to accomplish when it comes to producing security products that satisfy industry guidelines thereby ensuring uniformity and comprehensiveness in guaranteeing passengers’ safety.
Complexity in matters of security necessitates intelligence-driven integrated approaches within Passenger Security Market. Therefore, passenger security should be looked at with a holistic view because risks including terrorism or organized crime keep on changing dynamically all over the world. Such dynamisms portray how well we can share real-time intelligence information using data analytics as well as collaborative efforts between various partners towards securing oneself against any kind of danger before it happens rather than after it occurs.
Global travel justifies international cooperation and standardization prevalent in the Passenger Security Market today. To achieve this goal, there is a need for interoperable systems capable of integrating into different platforms while accommodating varying regulatory environments worldwide across different regions where they operate within or without restrictions put upon them by organizations outside their boundaries. This trend is driven by the requirement of standardized security measures that can guarantee a uniform way of handling passenger travel safety matters.
Market dynamics of passenger security are significantly influenced by public awareness and expectations. The high-profile events and increased awareness about terrorist threats have made the public to become more mindful regarding the importance of strong security frameworks during trips. In reaction to this, non-intrusive screening methodologies, as well as streamlined procedures, have been upheld in order to facilitate efficient passenger flow while keeping them safe.
This is evident from how Passenger Security Market has remained steadfast even during such global issues like Covid-19 pandemic. There are now health safety measures such as health checks, contactless technology and hygiene protocols built into passenger safety processes. Emerging issues which require changes in security arrangements show how flexible these systems are especially when it comes to safeguarding passengers at any given time.
Market dynamics, however, are greatly influenced by collaboration and partnerships within the transportation and security sector. In order to enhance passenger safety, manufacturers, technology developers and transportation authorities work together to establish integrated security solutions. These market dynamics are therefore achieved through collaborative efforts that promote innovative activities, knowledge sharing as well as the development of comprehensive security measures for different modes of transport towards a common approach in ensuring protection of passengers.’
Passenger Security Market Highlights:
Global Passenger Security Market Overview
Passenger Security Market is projected to reach USD 7,770 Million by 2030 and register a CAGR of 6.91%. Passenger security alludes to the systems and strategies utilized to ensure travelers, staff, airship, dispatch, and other transportation modes/stations safety from unintentional/noxious mischief, wrongdoing, and different dangers. The passenger security equipment is used to safeguard passengers from accidentals harms, crimes, and other threats.
Market Synopsis
Global Passenger Security Market is expected to register significant growth during the forecast period owing to factors such as increasing global passenger traffic and the growing development of new ports and stations. Furthermore, the growing investment by the government of developed countries such as the US in advanced security equipment to offer enhanced security to its citizens is also expected to drive the growth of the market.
However, issues related to cybersecurity and the high cost of development might hamper the growth of the Passenger Security Market.
Market USP
The growing adoption of advanced technologies, such as AI, blockchain, data analytics, and biometrics, to offer enhanced security to passengers is expected to drive the growth of the Passenger Security Market.
Market Drivers
- Rise in global passenger traffic: The increasing need to offer enhanced security to passengers owing to the growing passenger traffic across the globe is expected to drive the growth of the market.
- Replacement of outdated security screening equipment
- Development of new ports and stations
- Increasing incidences of terrorism
Market Restraints
- Issues related to cybersecurity
- High cost of development
Market Segmentation
By Solution
- Baggage Inspection Systems: The segment dominated the Passenger Security Market in 2019. The continuous increasing air passenger volume is driving the demand for high-security solutions is expected to drive the growth of the segment. Furthermore, stringent aviation regulations regarding airport security are also expected to drive the growth of the segment.
- Video Management Systems: The increasing use of data analytics, AI, and video management software for security operations is expected to drive the growth of the segment.
- Access Control/Biometric Systems: The access control system segment is expected to register the highest CAGR during the forecast period. Increasing adoption of automated self-check kiosks for processing the number of passengers boarding is expected to drive the growth of the segment. Furthermore, the growing adoption of biometric systems for check-in is also expected to drive the growth of the segment.
- Cybersecurity Solutions: The cybersecurity solutions segment is expected to grow due to the rise in cyber threats.
- Hand-Held Scanners: The segment is expected to grow owing to the increasing benefits offered by hand-held scanners such as lightweight, compact size, and convenience.
- Full-Body Scanners: Stringent government regulations pertaining to passenger security owing to rising terrorist activities are expected to drive the growth of the segment.
- Explosive Trace Detectors: Increasing adoption of explosive trace detectors by airports to offer enhanced security to passengers is expected to drive the growth of the segment. For example, in 2018, OSI Systems, Inc. signed a contract worth approximately USD 4 million with an international airport to provide its Itemiser 4DX explosives and narcotics detection system.
- Walk-Through Metal Detectors: The segment is expected to grow owing to the increasing development of new airports and seaports.
- Perimeter Intrusion Detection Systems: The segment is expected to grow owing to increasing demand for remote access through wireless technology and cloud in security systems.
- Bar-Coded Boarding Systems: Increasing demand for bar-coded boarding systems by airport authorities to offer enhanced traveling experience to passengers and reduce waiting time. This is expected to drive the growth of the segment.
By Investment Type
- New Demand: The segment dominated the global market in 2019 and is expected to exhibit a higher CAGR during the forecast period. The development of new seaports, airports, and Railway Cybersecurity and the expansion of existing seaports and airports are expected to drive the growth of the segment.
- Replacement Demand: The segment is expected to register significant growth rate during the forecast period owing to the up-gradation of technology for various scanners and renovation of existing seaports and airports.
By End-User
- Commercial Airports: The commercial airport's segment dominated the Passenger Security Market iin 2019 and is expected to register the highest CAGR during the forecast period. To cope with the rising number of passengers, airport terminals need to be expanded, requiring investment in enhanced security systems.
- Seaports: The seaport segment is expected to grow owing to stringent regulations pertaining to port security. The International Maritime Organization introduced the International Ship and Port Facility Security (ISPS) Code in 2004. According to these codes, access to secured areas should be controlled at all times to prevent the entry of unauthorized vehicles and persons. In addition, the regional associations are identifying security requirements to combat any probabilities of terrorism. In January 2019, the American Association of Port Authorities (AAPA) announced an investment of approximately USD 4 billion over the next ten years for the crucial port and supply chain safety.
- Railway Stations: The segment is expected to register a significant growth rate during the forecast period due to the increasing modernization of railway stations in developing countries such as China and India.
By Region
- North America: North America dominated the global passenger security market in 2019 due to the presence of prominent companies such as Honeywell International, Inc. and Adani Systems Inc. (US)
- Europe: The development of smart airports and growing marine tourism in the region are expected to drive market growth in Europe.
- Asia-Pacific: The market in this region is projected to register the highest CAGR during the forecast period. The growing aviation industry in countries, such as China, Japan, and India, is expected to increase the demand for passenger security systems in the region.
- Middle East & Africa: Increasing investment by prominent airlines such as the Emirates Group and the Etihad Airways in passenger security systems is expected to drive the market growth in the region.
- Latin America: Extreme cyber threats at ports in countries such as Brazil and South Africa are expected to increase the demand for passenger security in the region.
Key Players
- Adani Systems Inc. (US)
- Advanced Perimeter Systems Ltd. (UK)
- Autoclear, LLC. (US)
- Axis Communications AB. (Sweden)
- Bosch Sicherheitssysteme GmbH (Germany)
- E.I.A. SPA (Italy)
- FLIR Systems, Inc. (US)
- Honeywell International Inc. (US)
- Leidos (US)
- SITA (Switzerland)
Other Prominent Players
- Navtech Radar (UK)
- Sensurity Ltd (UK)
- Siemens (Germany)
- Smiths Detection Group Ltd (UK)
- OSI Systems, Inc. (US)
- NEC Corporation (Japan)
Recent Development:
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Smiths Detection (UK): Information on recent developments is a little scarce online, but they are a major player known for continuous innovation. You can expect them to be at the forefront of advancements in passenger security.
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Honeywell International (US): They've been focusing on integrated security solutions. This means creating systems that combine various security technologies for a more holistic approach.
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Axis Communications (Sweden): In 2019, they launched a new high-resolution, multi-directional camera offering 24/7 operation and 360-degree coverage. This improves situational awareness for security personnel.
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