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The Passenger Security Market Size was valued at USD 6.52 billion in 2023 and is expected to reach USD 12.40 billion by 2032 with a growing CAGR of 7.41% over the forecast period 2024-2032.
Passenger safety is one of the most important steps in reducing the risk of threats and any other criminal activity worldwide. The passenger check system has become very important nationally and internationally transport infrastructure to prevent cargo from carrying any illegal items such as sharp objects, guns, and ammunition in combat, trains and ships. Test systems improve service quality and provide security from exposure to hazards. Safety and testing systems provide internal images of luggage, bags, suitcases, and other items, especially x-ray machines. In addition, they include luggage testing systems, explosives detectors, hand-held scanners, metal detectors and full body scanners.
Security checkpoints have been installed to improve passenger safety at a variety of transportation infrastructure, including airports, bus stations, train stations, and others. The growth of passenger traffic, as well as major technological advances in testing technology and testing system, is expected to further the growth of passenger safety market in the coming years. Airport authorities are developing security procedures to monitor potential threats by examining the conduct and intentions of many tourists and international tourists. The aviation industry is very important in terms of providing a safe and secure flight time due to the high altitude moving from one place to another. Therefore, a possible test of the passengers is very important before taking the flight experience. The U.S. Transportation Security Administration
MARKET DYNAMICS
KEY DRIVERS
Replacement of ageing security screening equipment
Construction of new ports and stations
RESTRAINTS
Concerns about cyber security
Development is expensive.
THE IMPACT OF COVID-19
The COVID-19 outbreak has emerged as a major factor in the global crisis, particularly in the aviation industry. Due to the global lockdown for inbound passenger flights in North America, Europe, Asia Pacific, and the Middle East, the aviation industry is experiencing financial difficulties. According to the most recent IATA updates, the major global fleet has been grounded, and passenger revenues are expected to fall by USD 252 billion year on year by 2020. The global crisis is expected to significantly increase the operational costs of airline companies. These factors are expected to have an impact on new airport construction contracts as well as other airport infrastructure-related industries, potentially stifling growth in the coming years.
Based on the type of equipment, the market is divided into cargo inspection systems, explosive trackers, hand-held scanners, metal detectors, full-body scanners, perimeter access systems, and video. Management systems, barcoded boarding systems, and cyber-security solutions are all available. Part of the luggage testing system has played a major role in this market. This phase is expected to continue to hold the lead position during forecasting. A cargo inspection system is installed in all airport infrastructure to detect and retrieve any suspicious items such as weapons, drugs, guns, or illegal items from passenger luggage. These diagnostic systems include X-ray machines, which produce high-resolution imaging features and can detect internal objects, which may contain flammable liquids, explosives, and illegal drugs. Many countries, such as The U.S. switches to the adoption of advanced image acquisition systems due to their key advantages such as unique semiconductor acquisition and advanced image acquisition system. Test procedures are important and the transport authorities must ensure the complete safety and security of the passengers. Rapid growth in passenger traffic in several countries is expected to increase demand for these security systems during the forecast period. For the end-user, this market is divided into airports, trains, ports, and more. Part of the airport holds the highest share in the market and is expected to continue its dominance over the next few years. The strong growth of travelers who prefer air transport infrastructure is increasing the market size of the aviation industry over the past few years. According to IATA, the passenger pass per kilometer has increased by 4.8% compared to last year. The international passenger market shows a rapid growth of 4.3%, while the volume has grown by 3.5% worldwide. Increasing the number of passengers in several countries, due to rising revenue and affordable airline tickets is an important factor in increasing passenger traffic. These factors are expected to advance the market during the forecast period.
By Investment Type
New Demand
Replacement demand
By Security Solution
Baggage Inspection Systems
Explosive Trace Detector
Hand Held Scanner
Full Body Scanner
By End User
Airport
Seaport
Railway
REGIONAL ANALYSIS
Findings based on our research methodology show that North America was projected to hold the highest market share by 2022. In addition, the U.S. has the presence of leading manufacturers of passenger protection systems. It is caused by healthy market growth during forecasting. Asia Pacific holds its second largest market share in 2022 due to the presence of many manufacturers of passenger protection systems in the region.
As our market analysis, Asia Pacific is expected to show strong market growth during the forecast period due to the high level of commercial airports in developing countries such as India, Indonesia and China. The region is likely to experience long-term market growth due to the recent expansion of infrastructure development programs across the region. In addition, the market in the Middle East is expected to grow in a moderate CAGR, due to the large number of passengers in these regions. Also, the rapid development of investment to attract travelers to succeed in the tourism sector in the region is expected to boost the market in the Middle East. In addition, the global market is expected to have a moderate growth due to the increase in the number of passengers worldwide.
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REGIONAL COVERAGE:
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The Major Players are Bosch Sicherheitssysteme GmbH, Autoclear LLC, Nutech, Smiths Detection Group Ltd., L3 Security & Detection System, Siemens AG, Rapiscan Systems, Axis Communication AB, Honeywell International Inc., Orbcomm, and other players.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 6.52 Billion |
| Market Size by 2032 | US$ 12.40 Billion |
| CAGR | CAGR of 7.41% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Investment Type(New Demand, Replacement demand) • By Security Solution (Baggage Inspection Systems, Explosive Trace Detector, Hand Held Scanner, Full Body Scanner, Access Control) • By End User (Airport, Seaport, Railway) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Bosch Sicherheitssysteme GmbH, Autoclear LLC, Nutech, Smiths Detection Group Ltd., L3 Security&Detection System, Siemens AG, Rapiscan Systems, Axis Communication AB, Honeywell International Inc., Orbcomm, and other players. |
| DRIVERS | • Replacement of ageing security screening equipment • Construction of new ports and stations |
| RESTRAINTS | • Concerns about cyber security • Development is expensive. |
According to SNS insiders, the flight simulator market size was USD 5.65 billion in 2021 and is expected to reach USD 9.31 billion by 2028 with a CAGR of 7.4% over the forecasted period.
Financial, Products/ Services Offered, SWOT Analysis, The SNS view.
Manufacturers/Service provider, Consultant, Association, Research institute, private and universities libraries, Suppliers and Distributors of the product.
North America, Asia-Pacific, The Middle East & Africa, Latin America, Europe are the major five region covered in this report.
Concerns about cyber security and Development is expensive.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Passenger Security Market Segmentation, by Investment Type
8.1 New Demand
8.2 Replacement demand
9. Passenger Security Market Segmentation, by Security Solution
9.1 Baggage Inspection Systems
9.2 Explosive Trace Detector
9.3 Hand Held Scanner
9.4 Full Body Scanner
9.5 Access Control
10. Passenger Security Market Segmentation, by End User
10.1 Airport
10.2 Seaport
10.3 Railway
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Bosch Sicherheitssysteme GmbH
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Autoclear LLC
12.3 Nutech
12.4 Smiths Detection Group Ltd.
12.5 L3 Security&Detection System
12.6 Siemens AG
12.7 Rapiscan Systems
12.8 Axis Communication AB
12.9 Honeywell International Inc.
12.10 Orbcomm
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
14. Conclusion
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