The Passenger Security Equipment Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Passenger Security Equipment Market?
The market size for passenger security equipment has seen significant growth in recent years. The market, which was worth $71.66 billion in 2024, is predicted to expand to $77.87 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 8.7%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Passenger Security Equipment Industry?
The Passenger Security Equipment Global Market is projected to reach $102.68 billion in 2029 with a compound annual growth rate (CAGR) of 7.2%.
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What are the Key Growth Drivers Fueling the Passenger Security Equipment Market?
The key drivers in the passenger security equipment market are:
• Rising adoption of biometric solutions in airports and enhanced identity verification
• Strict government regulations and adherence to international security standards
• Development of new transportation hubs such as ports and stations
• Increased concerns about terrorist threats and attacks
Global Market Segmentation: Identifying Major Passenger Security Equipment Industry Segments
The passenger security equipment market covered in this report is segmented –
1) By Type: Baggage Inspection System, Video Surveillance, Intrusion Detection And Prevention, People Screening System, Biometric Solutions, Other Types
2) By Investment: New Demand, Up-Gradation
3) By End User: Airport, Railway Station, Seaports, Bus Station, Other End Users
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What are the Emerging Trends Shaping the Future of the Passenger Security Equipment Market?
The key trends in the passenger security equipment market are:
• There is an upcoming trend towards the increasing adoption of biometric solutions in airports and enhanced identity verification.
• Stringent governmental regulations and international security standards are playing a significant role in shaping the market.
• Technological advancements in surveillance, screening systems, and sophisticated security equipment are emerging trends.
• The integration of blockchain technology in passenger security equipment is an upcoming trend.
Who Are the Top Competitors & Leading Players in the Passenger Security Equipment Market?
Major companies in the passenger security equipment market are:
• Siemens AG
• Raytheon Technologies Corporation
• Lockheed Martin Corporation
• Intel Corporation
• Honeywell International Inc.
• WESCO International
• Safran Group
• Collins Aerospace
• Texas Instruments Incorporated
• L3Harris Technologies
• Leidos Holdings Inc.
• Motorola Solutions
• Adani Group
• Microchip Technology Inc.
• Xilinx Inc.
• Smiths Detection Group Ltd.
• FLIR Systems Inc.
• SITA (Société Internationale de Télécommunications Aéronautiques)
• OSI Systems Inc.
• Axis Communications AB
• Kapsch TrafficCom AG
• Rapiscan Systems Inc.
• Bosch Building Technologies
• The Infinova Group
• Mantra Softech (India) Pvt. Ltd.
• Genetec Inc.
• Autoclear LLC
• ORBCOMM Inc.
• Advanced Perimeter Systems Ltd.
• Cypress Semiconductor Corporation
• Nuctech Company Limited
Regional Dominance: Which Area Leads the Global Passenger Security Equipment Market?
North America was the largest region in the passenger security equipment market in 2024
