Global Aviation Security Market to reach USD 129.62 billion by 2027.Global Aviation Security Market is valued approximately USD 74.18billion in 2020 and is anticipated to grow with a healthy growth rate of more than 8.3% % over the forecast period 2021-2027. Aviation security is a combination of measures and resources to safeguard civil aviation against any act of unlawful interference. The increasing demand for fixed surveillance and biometric identification technologies results in the growth of of Aviation Security Market across the forecast period. For Instance: According to a report(Pay Wall) by TechSci Research. The Indian Biometric Research stood at $778 million in 2016 Increase in Security Threats) However, high manufacturing costs impedes the growth of the market over the forecast period of 2021-2027. Also, with the advancement in screening technologies and security infrastructure , the adoption & demand for Aviation Security market is likely to increase the market growth during the forecast period.
The regional analysis Global Aviation Security Market considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is a significant region across the world in terms of market share owing to the increasing demand of fixed surveillance and biometric identification. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate over the forecast period 2021-2027. Factors such as substantial increase in air passenger volume would create lucrative growth prospects for the Aviation Security market across Asia-Pacific region.
Major market player included in this report are:
Lockheed Martin Corporation
Raytheon Co.
Boeing Co.
Northrop Grumman Corp
Booz Allen Hamilton, Inc
BAE Systems Plc
General Dynamics Corporation
HCL Infosystems Limited
Unisys Corporation
Tyco International Limited
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By System:
Perimeter Fencing
Access Control
Digital Surviellance
Passenger and Cargo Screening
By Technology:
Airport Perimeter Security
Xray Screening
Explosive Detection System
Explosive Trace Detection
Biological
Radioactive and Nuclear Detection
Milimeter Wave Imaging
Canine Screening
By Application:
Airports
Airlines
Frieght Forwarders
Customs
Security Service Providers
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027
Target Audience of the Global Aviation Security Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors