Airport and Marine Port Security Market

Airport and Marine Port Security Market Size

[ 170 + Pages Research Report ]  to surpass USD 180.89 billion by 2031 from USD 79.51 billion in 2021 at a CAGR of 8.6% in the coming years, i.e., 2022-32.

Airport and Marine Port Security is very crucial for smooth business continuity and travel-related operations. Constant terror threats have forced authorities and government to implement strict regulations to maintain the security of ports. Security lapse can result in irreversible damages of both financial and human losses. Various security systems such as surveillance systems, screening & scanning systems, physical access control systems, perimeter intrusion detection system, real-time location systems, and network access control and security systems are installed by the authorities to ensure safety at the airport and marine ports.

Market Highlights

Airport and Marine Port Security market is expected to project a notable CAGR of 8.6% in 2032.

Constant security & terror threats, government regulations, rising investments in infrastructure, and adoption of advanced monitoring and surveillance systems at airports and marine ports are driving the market growth.

Airport and Marine Port Security Market: Segments

Airport segment holds the largest market share

Airport and Marine Port Security market is classified on the basis of infrastructure into Airport, Marine Port. Airport segment is dominating the market with the largest market share. Airport security is a major concern globally owing to the high risks of air crashes and plane hijacking by various terror outfits. Airline industries are implementing and upgrading security systems to ensure the safety of passengers which is promoting the growth of Airport segment. Furthermore, Marine Port segment is anticipated to grow at a faster rate due to an increase in the international trade and business activities. 

Surveillance & Analytics Systems segment holds the largest market share

Airport and Marine Port Security market is classified on the basis of technology into Surveillance & Analytics Systems, Physical Access Control Systems, Screening, and Scanning Systems, Perimeter Intrusion Detection System, Network Access Control and Security, Real-Time Location Systems. Surveillance & Analytics Systems hold the largest market share. Installation of several security cameras for video surveillance at airports and marine ports are contributing in the growth of the segment.

Market Dynamics                                            

Growth Drivers

Constant Security & Terror Threats and Government Regulations

Airports and marine ports are important for maintaining smooth business and trade operations in a country. Import and export of various goods is carried out in large volumes at airports and marine ports which makes it crucial for the authorities to implement security solutions for sustainable business continuity. Illegal activities, security breaches, plane crashes and hijacking are some of the major concerns which have imposed a huge burden on airline industry to ensure security of passengers, employees and airport facilities. Airports and marine ports contribute to the growth of an economy and therefore government all over the world have implemented strict regulations to maintain security systems.

Rising Investments in Infrastructure and Advancement in Technologies

Emerging economies are increasing their investments in building transport infrastructure to facilitate the growing international trade and travel industry. Growing number of ports are leading to improvement of security parameters which is driving the market growth. Adoption of advanced monitoring and surveillance systems at airports and marine ports is further boosting the growth of Airport and Marine Port Security market.

Restraint

Higher costs of upgradation of security systems

Higher costs needed for the upgradation of security systems and develop infrastructure is impeding market growth. Moreover, complexities in security breaches and lack of capital are also hampering the growth of Airport and Marine Port Security market.

Recent Developments

• In January 2021, Honeywell International collaborated with Pittsburgh International Airport to test air quality development technology at the newly opened innovation center, xBridge.
• In February 2021, A major contract was given to Honeywell by SEPCO Electric Power Construction Corporation in order to provide connected control, safety and security systems for the King Salman International Complex for Maritime Industries and Services shipyard in Saudi Arabia.

Airport and Marine Port Security Market: Key Players

• Bosch Security Systems
• Tyco International Ltd.
• L-3 Communications Holdings Inc.
• Honeywell International, Inc.
• HCL Infosystems Limited
• Unisys Corporation
• Flir Systems, Inc.
• Raytheon
• SAAB AB
• Siemens AG
• Huawei
• Cisco Systems, Inc.
• BAE Systems
• Smiths Detection
• Moran Shipping Agencies Inc.
• Other Prominent Players

Airport and Marine Port Security Market: Regions

Airport and Marine Port Security market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Asia Pacific is projected to grow with the highest CAGR during the forecast period. The growth is attributed to the growing number of ports, implementation of advanced security systems to counter terror threats, growing international trade, and rising investments in security systems in the region. Presently, North America is dominating the market owing to the early implementation of advanced security and surveillance systems.

Impact of Covid-19 on Airport and Marine Port Security Market

Covid-19 pandemic has adversely affected the economies all over the world. There has been a huge disruption in the procurement of raw materials and supply chain managements. Covid-19 has led to the shutdown of many industries globally. Many countries had to impose strict lockdown regulations to control the outbreak of coronavirus. Covid-19 had a negative impact on the Airport and Marine Port Security Market due to the sharp decline in international travel and international trade globally. However, Airport and Marine Port Security Market is expected to grow significantly in the post-pandemic world.

Airport and Marine Port Security is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

Airport and Marine Port Security report also contains analysis on:

Airport and Marine Port Security Segments:

• By Infrastructure 
  • Airport
  • Marine Ports 
• By Services 
  • Facility and Asset Management,
  • System Integration
  • Training and Consulting 
• By Technology
  • Surveillance & Analytics Systems
  • Physical Access Control Systems
  • Screening and Scanning Systems
  • Perimeter Intrusion Detection System
  • Network Access Control and Security
  • Real-Time Location Systems 
• Airport and Marine Port Security Market Dynamics
• Airport and Marine Port Security Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints

Airport and Marine Port Security Market Report Scope and Segmentation

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