Global Passenger Security Market was valued USD 4 billion in 2018 and is projected to strike USD xx.xx billion by 2025, at a CAGR of 8.2% from 2019 to 2025. Rising demand for cybersecurity solutions, upgraded technology, and an increase in passenger traffic is anticipated to drive the global market.

Global Passenger Security Market Growth Opportunities (Revenue, Growth) By 2019-2025

This global passenger security market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global Aircraft Window Frame market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The passenger security market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.  

Segment Analysis

By Security Solution Insights:  Based on security solution the market is segmented into baggage inspection systems, explosive trace detector, handheld scanner, full body scanner, and access control. The access control system is segment is anticipated to develop at the highest CAGR pursued by full-body scanners and baggage inspection systems during the forecast timeframe. Increasing adoption of automated self-check kiosks for processing the number of passengers boarding protocol is estimated to lead the market for access control system by 2025.

By End-User Analysis:  Based on end-user, the segment is categorized in airport, seaport and railways. The commercial airport segment is expected to drive the passenger security market during projected timeframe. The growing air passenger traffic is fuelling the growth of the aviation industry, which is leading to the expansion of existing airports and construction of new airports. The security systems required for the airports are fuelling the market.

Seaports segment is anticipated to witness a major growth with the highest CAGR pursued by commercial airports and railway stations. Enlargement of existing and developing of new seaports, increasing cruise passengers and adoption of advanced security system are anticipated to fuel the market over the forecasted timeframe.

Regional Analysis

The global passenger security market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; the Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. North America accounted for the largest market share for global passenger security equipment market, due to investment on the passenger security equipment by the government by 2016. The gigantic investments by government in passenger security equipment market due to the increase in terrorism and illegal and unethical activities at the airports, bus-stands, railway stations, and seaports.

Global Passenger Security Market Size, Share Analysis by Region 2019

Europe is expected to lead the passenger security market during the projected timeframe. The increment is majorly fuelled by increasing traffic and the upgradation of passenger security systems with the implementation of new technologies in the region. The Asia Pacific majorly drives the market growth increasing the number of passengers. Developing demographics and increase in disposable income in the region is fuelling the demand for air travel, which adopts an increase in new airport developments and expansion of existing airports; arise in the need for new passenger security systems in the region.

Global Passenger Security Market Study Objective

1. To forecast the market size of passenger security market, along with describing and defining the market, in terms of volume and revenue.

2. Market analysis and forecast of passenger security market on the basis of region, substrate and application or end-use industry.

3. To analyze and elaborate significant factors that will have major impact on the growth of Passenger Security market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of passenger security market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the passenger security market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

7. Analysis of market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

8. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

Key players

A competitive major key player in the passenger security market includes Honeywell International, Orbocomm, Kapsch, Autoclear LLC., L3 Security & Detection Systems, FLIR Systems Inc., Siemens AG, Rapiscan Systems, Rockwell Collins, Safran Group, Raytheon Group, Smiths Detection Group Ltd., SITA, Siemens, Axis Communications AB and Bosch Sicherheitssysteme GmbH.

Global Passenger Security Market Study Report Offer You!

The global passenger security market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.