The Airport And Marine Port Security Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current Airport And Marine Port Security Market Size and Its Estimated Growth Rate?
In recent times, the airport and marine port security market has significantly expanded. It is projected to increase from $86.65 billion in 2024 to $92.27 billion in 2025 at a compound annual growth rate (CAGR) of 6.5%. The historic growth in this sector is primarily due to factors such as enhanced focus on passenger experience, rise in air and maritime traffic, introduction of biometric solutions, merger of IT and physical security, as well as international trade and cargo security.
In the forthcoming years, substantial growth is anticipated in the airport and marine port security market. It is predicted to expand to $136.4 billion by 2029, demonstrating a compound annual growth rate (CAGR) of 10.3%. This surge within the projected timespan is associated with the emphasis on resilience and emergency readiness, the utilization of smart and integrated security systems, the implementation of biometric and identity verification procedures, the increase in passenger and cargo volumes, and the growing focus on cybersecurity. The forecast period will witness major trends such as improved threat detection features, the incorporation of biometric authentication and identity verification, the integration of cybersecurity, the employment of IoT for supervision and monitoring, as well as the adoption of smart and blended security systems.
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How Are Emerging Segments Shaping the Airport And Marine Port Security Market Landscape?
The airport and marine port security market covered in this report is segmented –
1) By Technology: Surveillance Systems, Physical Access Control Systems, Screening And Scanning Systems, Perimeter Intrusion Detection System, Network Access Control And Security, Real-Time Location Systems
2) By Services: Facility and Asset Management, System Integration, Training and Consulting
3) By Infrastructure: Airport, Marine port
Subsegments:
1) By Surveillance Systems: IP Cameras, Analog Cameras, Video Management Software (VMS), Cloud-Based Surveillance
2) By Physical Access Control Systems: Card-Based Systems, Biometric Systems, Keypad Entry Systems, Mobile Access Control
3) By Screening And Scanning Systems: X-ray Screening Systems, Metal Detectors, Explosive Detection Systems, Automated Screening Solutions
4) By Perimeter Intrusion Detection System: Fence Detection Systems, Ground-Based Sensors, Microwave Sensors, Video Analytics For Perimeter Security
5) By Network Access Control And Security: Firewall Solutions, Intrusion Detection And Prevention Systems (IDPS), Network Monitoring Tools, Endpoint Security Solutions
6) By Real-Time Location Systems: RFID-Based Systems, GPS Tracking Systems, Bluetooth Low Energy (BLE) Solutions, Wi-Fi-Based Location Tracking
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Which Growth Factors Are Influencing Airport And Marine Port Security Market Expansion?
The growth of the airport and marine port security market is propelled by the escalating internal and external threats. These threats, which can originate either within or outside an organization, are combated by airport and marine port security, thereby ensuring the safety of these terminals. In May 2024, the Center for Internet Security, a not-for-profit organization in the US, divulged that the first half of 2024 saw a 30% hike in malware-based threats compared to the same timeframe in 2023. Moreover, there was a significant 92% increase in these threats in May alone. Hence, the rising volume of internal and external threats is likely to accentuate the demand for airport and marine port security systems market.
Who Are the Dominant Players Across Different Airport And Marine Port Security Market Segments?
Major companies operating in the airport and marine port security market include Tyco International Ltd., L-3 Communications Holdings Inc., Honeywell International Inc., HCL Infosystems Limited, Bosch Security Systems Inc., Smiths Detection Group Ltd., Moran Shipping Agencies Inc., Nedap Automatic Vehicle Identification, FLIR Systems Inc., Safran SA, Saab AB, Unisys Corporation, Huawei Technologies Co. Ltd., Siemens AG, Raytheon Technologies Corporation, Motorola Solutions Inc., James Fisher and Sons Plc, Rapiscan Systems, G4S Limited, Securitas AB, ICTS International N. V., Secom Co. Ltd., Lockheed Martin Corporation, Northrop Grumman Corporation, Axis Communications AB, OSI Systems Inc., Thales Group, Leidos Holdings Inc., Johnson Controls International plc, Allied Universal
What Are the Latest Developing Trends in the Airport And Marine Port Security Market?
The airport and marine port security market is increasingly focussing on technological improvements, which is becoming a notable trend. The key players in this market are putting their efforts into creating new tech solutions to bolster their standing. To illustrate, the Transportation Security Administration (TSA), an American transportation security organization, rolled out new facial recognition technology at Los Angeles International Airport (LAX) in March 2022. This was done with a view to validate the identities of visitors at certain airport security checkpoints. The airport is now armed with an advanced Credential Authentication Technology (CAT) unit which takes a snapshot of the visitor and juxtaposes it with the photo ID based on facial features for confirmation. Through this new technology, visitor experience is enhanced and security is heightened.
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Which Geographic Regions Are Expected to Dominate the Airport And Marine Port Security Market in the Coming Years?
North America was the largest region in the airport and marine port security market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the airport and marine port security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Airport And Marine Port Security Market?
2. What is the CAGR expected in the Airport And Marine Port Security Market?
3. What Are the Key Innovations Transforming the Airport And Marine Port Security Industry?
4. Which Region Is Leading the Airport And Marine Port Security Market?
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