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Airport Security Market Size in Surveillance Technology Segment is Expected to Showcase Exponential Growth by 2024

Author : Ronak Bora | Published Date : 2019-05-28 

Airport security market size in surveillance technology segment is anticipated to exhibit substantial growth during the forecast time-period. These systems are required to be functional at all times and sense multiple movements occurring at varying ranges. Additionally, these systems are supposed to function effectively in intense environmental conditions such as fog and storms and capture images in reduced visibility settings. The advent of 4K cameras and video units has revolutionized the airport security market owing to their sharper and improved image quality and provide coverage for a wider area.

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Technological advancements are revolutionizing the landscape of the airport security market. To tackle the issues of passenger inconvenience stemming from long waiting times and physical body checks, the companies operating in the industry are highly focusing on the R&D activities. For instance, innovations including SmartGate passport processing, IP-based surveillance and biometric facial identification are currently being trailed at international hubs across the world and have led to massive improvements in efficiency and comfort levels as opposed to conventional systems.

The rising penetration of smart technologies and IoT in airports is fueling the demand for airport security market. These include technologies such as remote check-ins, sensor equipment, e-gates, RFID baggage reconciliation systems, etc. A major portion of the data is collected in real-time and stored in large central databases. The presence of security issues in such cases can leave the data vulnerable to attacks from internal and external parties. Wireless tracking technologies, for instance, can allow a hacker to utilize triangular algorithms or Received Signal Strength Indication (RSSI) Information to track the location of the Wi-Fi end-point user and unearth historical data such as the route taken by the users, purchasing data, etc.

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Considering the geographical aspects of airport security market, although Asia Pacific is expected to be a major investment hub, experts claim North America to dominate the regional landscape in terms of revenue in the following seven years. Stringent regulatory compliances to reinforce airport security and mitigate terror attacks have been the key factors leading to robust adoption of airport security technologies.

Tourism and large-scale business development is anticipated to drive the airport security market in the Middle East and Africa region. There is a substantial increase in internal and religious conflict and the need for advanced systems to cater to the increasing traveller population encountered per day. For instance, in 2015 the Abu Dhabi airport had deployed the automated document authentication systems to help the passengers in scanning their mobile or home-printed or traditional boarding pass and further speed up the validation process and reduce queue waiting times.

Amidst the perpetually rising terror attacks pertaining to the aviation industry, it is rather overt for the global airport security industry to garner huge proceeds and developments in the coming years. Global Market Insights, Inc., projects the overall airport security market size to register a y-o-y growth rate of 7% over 2017-2024, crossing a valuation of USD 16 billion by 2024.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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