The airport security systems market includes a wide range of products like CCTV, video surveillance, terminal security, biometrics, security robots, passenger and cargo security systems like x-ray screening and substance detection systems, perimeter protection systems, wireless alarm systems, authenticating and identification equipment, fire detection, and alarm systems.
The airport security systems market is anticipated to grow at a CAGR of above 8% during the forecast period, according to a recent report by Markets and Markets.
Some of the major players of the market are:
FLIR Systems Inc., L3Harris Technologies Inc., Honeywell International Inc., Bosch Security Systems, Siemens AG, Hart International Solutions, Covenant Aviation Security (CAS), Collins Aerospace, Integrated Detection Systems Ltd., Smiths Group, Elbit Systems Ltd., SITA, amongst others.
The market is segmented based on security systems into Surveillance Systems, Biometric Systems, Screening and Scanning Systems, Perimeter Intrusion Detection Systems, and Fire Safety Systems. The biometric systems are further classified based on the technology used in Face Recognition, Iris and Retina Recognition, Fingerprint Recognition, Other Biometric Systems. Other Biometric Systems include DNA recognition, Handwriting recognition, Hand Geometry recognition, Signature recognition, Voice recognition, etc.
- The increasing number of travelers and significant security enhancements for intercepting the threat of terrorist attacks in airports are some of the driving factors for airport security systems market and this trend is anticipated to continue over the forecast period.
- The increasing airport constructions and investments into airport infrastructure are further boosting the growth of the market of airport security systems during the forecast period.
- The increasing adoption of artificial intelligence, robotics, and biometrics in various systems of security for detecting suspicious persons, credit cards, fake currencies, abandoned objects, and explosives, without disturbing the passenger flow at the airport are anticipated to propel the growth of the market in the future.
Key market trends
Biometric Systems Segment to Experience the Highest Growth During the Forecast Period
Biometric Systems segment of the market is anticipated to grow at the highest CAGR during the forecast period. Various airports and airlines are currently testing and using biometrics in the airports to speed up various airport processes like check-in and security check or passport control. Some of the airports in countries like the US, the UK, China, Japan, and Singapore are currently using this technology and many other airports in smaller countries are in the testing phase of biometrics.
The Transportation Security Administration of the United States released a roadmap for enhancing aviation security & the passenger experience using biometrics in September 2018 with the vision to transform the commercial aviation ecosystem by 2026. Also, under Digi Yatra initiative, Airports Authority of India is currently testing the use of facial recognition system at checkpoints like Entry point check, Entry into Security Check, Aircraft Boarding, etc.,
Asia Pacific Region is Expected to Generate the Highest Demand During the Forecast Period
Asia Pacific region is expected to generate the highest demand for airport security systems during the forecast period. The growth of the market is due to the increasing terrorist activities and increasing investments in the aviation infrastructure, which is fuelled by the increase in air passenger traffic in the region. China and India are the highest spenders in aviation infrastructure in the region and are experiencing the highest growth in the air passenger traffic.
Also, countries like Australia, Indonesia, and the Philippines among others have finalized their plans for the construction of new airports during the forecast period. For instance, Australia has begun the construction of Western Sydney Airport in September 2018 with an investment of USD 3.6 billion and is scheduled to open by 2026. Similarly, development plans of Jakarta Airport and commencement of construction of a new international airport project in the Philippines are also set to begin by the end of 2019. Such investments are anticipated to generate demand for new airport security systems for airports and new facilities during the forecast period.