Global Airport Security Market Report 2022


New York, Sept. 30, 2022 (GLOBE NEWSWIRE) — announces the release of the “Airport Security Global Market Report 2022” –
MilliVision Technologies, Nuctech Company Ltd.

The global airport security market is expected to grow from $11.79 billion in 2021 to $13.11 billion in 2022 at a compound annual growth rate (CAGR) of 11.2%. The airport security market is expected to reach $18.69 billion in 2026 at a CAGR of 9.3%.

The airport security market includes sales of airport security by entities (organizations, sole proprietorships, and partnerships) that refer to the procedures and methods used to protect airport passengers, personnel, aircraft, and property from damage caused by accident or willful intent, crime, and other perils.

It tries to keep these risks at bay by using various scanning methods.

The major types of technologies in the airport security market are access control, cyber security, perimeter security, screening and scanning, surveillance, real-time location systems (RTLS) and others. Access control refers to a data security process that allows organizations to manage who is authorized to access corporate data and resources.

Secure access control uses policies that verify users and guarantee the levels of control access that are granted to users. Also helps facilitate easy access to data.

The various applications include a civil and commercial airport and a military airport. These are used to protect civil aviation against acts of unlawful interference such as terrorism and sabotage.

North America was the largest region in the airport security market in 2021. Regions covered in the airport security market report are Asia-Pacific, Western Europe, Eastern Europe, East, North America, South America, Middle East and Africa.

The Airport Security Market research report is one of a series of new reports that provides statistics on the Airport Security market, including the global Airport Security industry market size, market shares regions, competitors holding airport security market share, detailed segments of the airport security market, market trends and opportunities. , and any other data you may need to thrive in the airport security industry. This Airport Security Market research report provides a comprehensive perspective of everything you need, with an in-depth analysis of current and future industry scenarios.

Increase in new airport construction operations and facility improvements are contributing to the growth of the airport security market. in, airport staff, and so on.

With the growth in population, air traffic, and increasing demand for infrastructure upgrades, there has been an increase in new airport construction operations and facility improvements. For example, in May 2021, Raytheon Technologies was awarded a $318 million contract by the United States Transportation Security Administration (TSA) to deploy checked baggage screening machines at all government-run airports. federal. This five-year contract covers the expansion of equipment at approximately 430 federal airports across the country. It will also enhance terminal security and reduce any potential danger to the many responders on site. Hence, increasing operations of new airport buildings and facility improvements will drive the growth of the airport security market.

Technological advancements including RFID baggage matching systems, remote check-ins, electronic gates, and advancements in detection equipment are a key trend gaining popularity in the airport security market. According to a report by PR Newswire, 2020 OSI Systems, Inc., a U.S.-based security and inspection systems developer, announced that its security division was awarded multiple contracts worth approximately $93 million from an international government customer to provide various Rapiscan X-vehicle and cargo inspection systems, baggage and package inspection systems, trace detection systems, and maintenance and support services. Their Itemiser 5X has passed the requirements to be listed on the TSA’s Air Cargo Screening Technology List as an Approved Technology (ACSTL). The detector’s cargo capabilities can be used for cargo screening operations outside of the United States. This launch represents a new step forward in OSI’s portfolio.

In April 2021, Allied Universal, an American security services and facilities company, acquired G4S plc for $4bn (£3.8bn). With this acquisition, Allied Universal aims to deliver the highest value proposition to customers in the security industry. G4S is a UK based security company specializing in providing security services and solutions to clients.

The countries covered in the Airport Security market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea , the United Kingdom and the United States.
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