The new report by Expert Market Research titled, Global Passenger Security Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2024-2032, gives an in-depth analysis of the Global Passenger Security Market, assessing the market based on its segments like equipment type, end-use and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/passenger-security-market/requestsample
The key highlights of the report include:
Market Overview (2018-2032)
- Historical Market Size (2023): USD 5 billion
- Forecast CAGR (2024-2032): 7.10%
- Forecast Market Size (2032): USD 31.5 billion
Globally, growth in the global passenger security market will be driven by improved technology, cybersecurity solutions and the rising passenger traffic. The Asia Pacific region’s market is primarily driven by an increase in the number of passengers. Changing demographics and rising disposable income in the region are boosting demand for air travel, leading in a rise in new airport constructions and expansions, necessitating the installation of new passenger security systems throughout the region.
Industry Definition and Major Segments
Passenger security refers to the tactics and mechanisms in place to protect passengers from wrongdoing, unintended, noxious interruption, and threats to voyagers, teams, planes, ships, and other modes/stations of transportation. Furthermore, passenger security equipment is utilized to safeguard passengers from crimes, accidents, and other risks.
On the basis of equipment type, the market is divided into:
- Baggage Inspection System
- Explosive Detection System
- Video Surveillance System
- Intrusion Detection and Prevention Systems
- Fire Safety and Detection System
- People Screening Systems
- Others
Based on the end-use, the market can be segmented into:
- Airports
- Train Stations
- Bus Stations
- Seaports
- Others
The regional markets for global passenger security market include:
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East and Africa
Market Trends
The rising technology developments for scanners and baggage control systems, the increasing need for growing airports and seaports, and recent technical improvements in passenger safety are some of the primary forces fueling the passenger security market expansion. In the next years, the increased threat of cybersecurity might stymie the expansion of the passenger security sector.
Whereas during the COVID-19 outbreak, governments had made it a priority to reduce the risk of infection during passenger travel by enacting policies such as preserving physical space between passengers, creating low-contact passenger touchpoints, and minimizing face-to-face interaction as much as feasible.
Furthermore, throughout the COVID-19 pandemic, transportation security administrations in developed and developing nations are implementing continuous security operations in order to give information and resources to passengers traveling during this period. As a result, the passenger security industry is likely to increase at a faster rate.
Key Market Players
The major players in the market are Adani Systems Inc., Advanced Perimeter Systems Ltd., Autoclear, LLC., Axis Communications AB., Bosch Sicherheitssysteme GmbH, C.E.I.A. SPA, Honeywell International Inc. (NYSE: HON), L3 Security & Detection Systems, Navtech Radar, Sensurity Ltd. and others. The report covers the market shares, plant turnarounds, capacities, investments, expansions and mergers and acquisitions, among other latest developments of these market players.
More Reports
Geotextile Tubes Market- https://www.expertmarketresearch.com/reports/geotextile-tubes-market
Vessel Tracking System Market- https://www.expertmarketresearch.com/reports/vessel-tracking-system-market
About Us
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.
Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today’s competitive market.
Don’t miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation’s future success by acquiring one of our Expert Market Research reports today.
Media Contact
Company Name: Claight Corporation
Contact Person: Sophia Grace, Business Consultant
Email: [email protected]
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 N Gould St Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com