What Is The Current and Historic Market Size Analysis Of The Passenger Security Equipment Market?
The passenger security equipment market has seen considerable growth due to a variety of factors.
• The market for passenger security equipment has seen robust expansion in recent years. It is projected to increase from $71.66 billion in 2024 to $77.87 billion in 2025, with a compound annual growth rate (CAGR) of 8.7%.
The historical growth of this market can be associated with the escalation in terror attacks on public transportation infrastructure, increasing demand due to a growing population using public transportation and aviation. Additionally, a rise in global passenger traffic, mounting security threats and terrorism across the globe, coupled with an upturn in global travel and tourism activities, have also contributed to the growth.
What Is The Forecast For The Passenger Security Equipment Market Size?
The passenger security equipment market is expected to maintain its strong growth trajectory in upcoming years.
• In the upcoming years, the market of passenger security equipment is projected to experience significant growth, escalating to $102.68 billion by 2029 with a compound annual growth rate (CAGR) of 7.2%.
This expansion in the forecast period is due to the increased use of biometric solutions at airports, improved identity verification, digital transformation implementation, strict governmental policies and international safety standards, the construction of new ports and stations, along with heightened fears of terrorist threats and assaults. Key trends anticipated during this period involve concerns about biometric data safety, technological progress in scrutiny and screening systems, advancements in high-end security equipment, and the incorporation of blockchain technology.
What Are The Essential Drivers Behind The Growth Of The Passenger Security Equipment Market?
The escalation in occurrences of illicit importation and unlawful immigration are predicted to fuel the expansion of the passenger security equipment market. Unlawful importation and illegal immigration entails the unauthorized transfer of goods or people across national boundaries, normally breaching immigration or customs legislation. Socio-economic inequalities among nations or regions can compel people to pursue enhanced prospects via unlawful means, including migrating to wealthier nations for job opportunities or improved living conditions. Passenger security equipment plays a crucial role in border protection and immigration enforcement, aiding officials in identifying and thwarting illicit importation and illegal immigration actions, concurrently safeguarding national frontiers and guaranteeing public safety. For example, in August 2022, the Information Fusion Centre, a facility based in India dedicated to collecting, scrutinizing, and disseminating maritime-related data, reported that the overall number of contraband smuggling incidents amounted to 353 in 2022, reflecting a 48% augmentation from the previous year's total of 238 in 2021. Moreover, incidents of illegal human migration climbed to 137 in 2022, showing a substantial 179% rise from 49 occurrences in 2021. Hence, escalating occurrences of illegal immigration are propelling the growth of the passenger security equipment market.
How Is The Global Passenger Security Equipment Market Divided Into Key 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
Subsegments:
1) By Baggage Inspection System: X-ray Baggage Scanners, Explosive Detection Systems (EDS), Explosive Trace Detectors (ETD), Liquid Scanners
2) By Video Surveillance: CCTV Cameras, IP Cameras, Thermal Cameras, Video Management Systems (VMS)
3) By Intrusion Detection and Prevention: Perimeter Intrusion Detection Systems, Motion Detectors, Infrared and Microwave Detectors, Alarm Systems
4) By People Screening System: Walk-Through Metal Detectors (WTMD), Full-Body Scanners (Millimeter Wave, Backscatter), Handheld Metal Detectors
5) By Biometric Solutions: Facial Recognition, Fingerprint Scanners, Iris Scanners, Palm Vein Recognition
6) By Other Types: Access Control Systems, Chemical Detection Systems, Under Vehicle Surveillance Systems (UVSS)
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How Are Emerging Trends Reshaping The Dynamics Of The Passenger Security Equipment Market?
Prominent firms in the passenger security equipment market are concentrating on perimeter protection solutions to improve intrusion detection, minimize false alarms, and increase the efficiency of the infrastructure in order to aid smart airports. Such perimeter security solutions encapsulate fiber optic sensing and wireless connectivity advancements intended to deliver consistent, trustworthy security despite varying environmental conditions. For instance, Huawei, a company based in China specializing in ICT infrastructure and smart devices, unveiled the Smart Airport Perimeter Security with Fiber Sensing solution in November 2023. This solution, designed for round-the-clock operation, boasts long-distance monitoring features that provide uninterrupted surveillance irrespective of the weather conditions. This particular aspect greatly improves airport operations' safety, creating a secured environment for airport personnel and passengers. The system utilizes distributed fiber optic sensing to identify vibrations resulting from environmental elements such as wind and rain, allowing it to eliminate false alarms, ensuring only authentic intrusion occurrences trigger warnings.
Who Are the Key Players In The Passenger Security Equipment Market?
Major companies operating 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
What Are The Regional Insights Into The Passenger Security Equipment Market?
North America was the largest region in the passenger security equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the passenger security equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
