SecurityWorldMarket

01/06/2016

Airport & Marine security market predicted to soar

Hadapsar, India

A report on the airport and marine port security market estimates a growth pattern from USD 53.87 Billion in 2016 to USD 110.52 Billion by 2025, at a compound annual growth rate (CAGR) of 8.3%.

With an increase in terror threats at airports and seaports, the need for ever more vigilant airport and marine port security solutions is growing rapidly across the globe. The increasing number of passengers travelling everyday has given rise to sophisticated threats such as unauthorised access, unauthorised vehicle approach, suspicious activity, perimeter breaches, and others, which can potentially create dangerous and harmful situations at the ports. This has encouraged governments to deploy advanced security parameters at ports to protect and prevent potential threats. Airport and marine port security offers security parameters such as scanning and screening, access control systems, and parameter institution detection systems to protect ports.

Surveillance strongest sector

The report recently published by Marketsandmarkets finds that the surveillance system sub-section within this field is expected to grow with the highest market size during the forecast period.  Video surveillance cameras have been playing an important role in port security for decades and recent trends are now shifting from analogue surveillance to IP video surveillance due to improved image quality, durability and versatility. The benefits of including things such as better image quality, less use of network bandwidth, higher light ability and greater scalability and high use of surveillance systems at airport premises has fuelled the growth of these types of security systems at ports.

APAC takes the lead

The APAC region is expected to have the largest market share and is predicted to dominate the airport and marine port security market from 2015 to 2025, due to the presence of a large number of port security vendors. Latin America offers potential growth opportunities for the airport and marine port security market, as countries in Latin America, according to Marketsandmarkets analysts, are investing heavily to increase the development of access control systems, surveillance systems, and parameter institution detection security solutions.

The major vendors in the airport and marine port security market include Flir systems, Tyco International, Honeywell International, Saab AB, Bosch Security Systems, Siemens Ag, Unisys, and others.

Marketsandmarkets segments the airport and marine port security market on the basis of infrastructure, technology, services, and regions. The report covers regions, namely, North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and Latin America. The report also covers detailed information regarding the major factors influencing the growth of the airport and marine port security market, such as drivers, restraints, challenges, and opportunities.


Tags


Product Suppliers
Back to top