Passenger Security Market Growth Trend & Forecast with latest research study released by Delvens evaluating the market risk side analysis, highlighting opportunities, and leveraging strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global market, the global Passenger Security Market size is projected to reach a CAGR of 5.6% and Forecast to 2030.
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Passenger security refers to the strategies and systems utilized to ensure safety and security of passengers from wrongdoing; unintentional, noxious disruption; and dangers to voyagers, teams, aircrafts, ships, and other transportation modes/stations. In addition, passenger security equipment is used to provide protection to passengers from crimes, accidental harm, and other threats.
Increasing demand for cybersecurity solutions, upgraded technology, and an increase in passenger traffic are some of the factors that have supported long-term expansion for Global Passenger Security Market.
Recent Developments
Axis Communications launched a new multidirectional, four-channel camera with Quad HD resolution per channel capable of recording at 30 frames per second. The camera is useful for perimeter security.
Rapiscan Systems launched its new product, the MP100 Portable Radiation Detection System, which is a lightweight, high-performance system used to detect the presence of radiological and nuclear materials.
Regional Analysis
The increasing number of passengers majorly drives market growth in the Asia Pacific region. Changing demographics and increase in disposable income in the region is driving the demand for air travel, which has led to the increase in new airport developments and expansion of existing airports, resulting in the need for new passenger security systems in the region.
Key Players of Passenger Security Market
- Adani Systems Inc.
- Advanced Perimeter Systems Ltd.
- ATMLAX
- Autoclear, LLC.
- Axis Communications AB.
- Bosch Sicherheitssysteme GmbH
- E.I.A. SPA
- Flir Systems, Inc.
- Honeywell International Inc.
- L3 Security & Detection Systems and More
Global Passenger Security Market is segmented into security solution, end user, investment type and region.
On the basis of Security Solution
- Baggage Inspection Systems
- Video Management Systems
- Access Control/Biometric Systems
- Bar-coded Boarding Systems
- Cybersecurity Solutions
On the basis of End User
- Commercial Airports
- Seaports
- Railway Stations
On the basis of Investment Type
- New Demand
- Replacement Demand
On the basis of Region
- Asia Pacific
- North America
- Europe
- South America
- Middle East & Africa
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