Dublin, July 10, 2023 (GLOBE NEWSWIRE) -- The "Airport Security Market Report 2023-2033" report has been added to ResearchAndMarkets.com's offering.
In terms of value the market will surpass US$13,124.1 million in 2023. Strong revenue growth is predicted through to 2033. The report identifies which organizations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.
The Airport Security Market Report 2023-2033: This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying dynamics. It will be useful for companies that would like to expand into different industries or to expand their existing operations in a new region.
Rapid Increase in Number of Air Passengers, Growing Threat of Terrorism, and Rising Demand for Cloud-Based Airport Security Solutions Driving Market Growth
Past few decades, the demand for cloud-based airport security solutions in the aviation industry has been on the rise, due to several reasons such as rising cyber security attacks at airfields.
The emergence of cloud technology has transformed the way airport security systems operate, offering several benefits over traditional on-premise solutions. Increasing adoption of cloud-based airport security solutions is driven by a range of factors such as scalability, flexibility, cost-effectiveness, and improved efficiency, which is driving their adoption among airport authorities.
Cloud technology enables airports to quickly scale their security systems up or down based on their needs. This scalability allows airports to adjust their security measures to cope with fluctuations in passenger traffic or changes in the threat landscape.
High Cost Associated with Implementing Advanced Security Measures and Increasing Prevalence of Cyber Threats to Hamper Industry Growth
The airport security market is facing significant challenges due to the increasing prevalence of cyber threats. Cyberattacks are becoming more sophisticated and frequent, posing a major risk to airport security systems and the safety of air travel. The aviation industry has become a prime target for cybercriminals seeking to exploit vulnerabilities in airport security systems to carry out various malicious activities.
The most significant cyber threats to airport security include ransomware attacks, data breaches, and identity theft. Ransomware attacks have become more common in recent years, with cybercriminals demanding payment in exchange for restoring access to critical airport systems and data.
Data breaches can expose sensitive information, including passenger data and employee records, leading to financial and reputational damage. Identity theft can compromise airport security protocols, allowing unauthorized access to restricted areas and equipment.
What Questions Should You Ask before Buying a Market Research Report?
- How is the airport security market evolving?
- What is driving and restraining the airport security market?
- How will each airport security submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2033?
- How will the market shares for each airport security submarket develop from 2023 to 2033?
- What will be the main driver for the overall market from 2023 to 2033?
- Will leading airport security markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
- How will the market shares of the national markets change by 2033 and which geographical region will lead the market in 2033?
- Who are the leading players and what are their prospects over the forecast period?
- What are the airport security projects for these leading companies?
- How will the industry evolve during the period between 2023 and 2033?
- What are the implications of airport security projects taking place now and over the next 10 years?
- Is there a greater need for product commercialisation to further scale the airport security market?
- Where is the airport security market heading and how can you ensure you are at the forefront of the market?
- What are the best investment options for new product and service lines?
- What are the key prospects for moving companies into a new growth path and C-suite?
Market Dynamics
Market Driving Factors
- Increasing Number of Air Passengers
- Growing Threat of Terrorism
- Rising Demand for Cloud-Based Airport Security Solutions
Market Restraining Factors
- High Cost Associated with Implementing Advanced Security Measures
- Increasing Prevalence of Cyber Threats
Market Opportunities
- Increasing Adoption of AI and Machine Learning
- Adoption of Cloud-based Airport Security Solutions
- Rising Demand for Biometric Authentication
COVID-19 Impact Analysis
Porter's Five Forces Analysis
PEST Analysis
Leading companies and the potential for market growth
- Analogic Corporation
- Bruker Corporation
- G4S Plc
- Hitachi, Ltd.
- Honeywell International
- L3Harris Technologies
- Leidos Holdings, Inc.
- Nuctech Company Ltd
- OSI Systems
- OT-Morpho (IDEMIA)
- Securitas AB
- Siemens AG
- SITA
- Smiths Detection
- Thales SA
Segments Covered in the Report
Application
- Surveillance
- Access Control
- Perimeter Security
- Screening
- Cyber Security
- Others
System
- Biometric System
- Alert and Cyber Security System
- E-fence and Ground Surveillance Radar System
- E-tag System
- Others
End User
- Terminal Side
- Air Side
- Naval Side
North America
- U.S.
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
MEA
- GCC
- South Africa
- Rest of MEA
For more information about this report visit https://www.researchandmarkets.com/r/1lmek0
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