How Has The Passenger Security Market Size Evolved In Recent Years?
The passenger security market has seen considerable growth due to a variety of factors.
•The size of the passenger security market has seen a robust increase in the previous years. It's projected to expand from $6.44 billion in 2024 to $6.78 billion in 2025, with a compound annual growth rate (CAGR) of 5.3%.
The historical growth is due to a variety of reasons, including the repercussions of security incidents, heightened public consciousness and demand for security, advancements in passenger screening processes, changes in security approaches, and implementation of screening protocols.
What Are The Estimated Market Size And Expected Annual Growth Rates For Global Passenger Security Market?
The passenger security market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, a robust growth is predicted for the passenger security market, with an expected value of "$9.06 billion in 2029, demonstrating a compound annual growth rate (CAGR) of 7.5%.
This acceleration during the forecast period is linked to the rise in air travel, heightened attention on threat detection, the implementation of biometric solutions, worldwide events affecting security, and the incorporation of health screening. Foreseen trends for the forecast period encompass threat intelligence and information exchange, biometric recognition, advanced screening technologies, behavioral analysis, and the application of AI and machine learning.
Which Drivers Are Accelerating Growth In The Passenger Security Market?
The growth of the passenger security market is anticipated to be fueled by the increasing number of travelers. Passenger traffic, which denotes the count of passengers commuting from one spot to another via various transport means, such as an airplane, boat, or bus, necessitates the enhancement of security measures for individuals. Airport security is a crucial facet of providing security for passengers during their journeys. For example, data from the International Civil Aviation Organization, a US-based international air navigation coordinating body, stated that as of May 2022, the global air passenger count from January to April 2022 witnessed a 65% surge as compared to the same time frame in 2021, and the number of airplane departures increased by 30%. Concurrently, there was a 32% ascension in the number of airline seats. Hence, the upswing in passenger traffic attributes to the expansion of the passenger security market.
What Are The Core Segments Of The Global Passenger Security Market?
The passenger security market covered in this report is segmented –
1) By Solution: Baggage Inspection Systems, Video Management Systems, Access Control Or Biometric Systems, Cybersecurity Solutions, Hand-Held Scanners, Full-Body Scanners, Explosive Trace Detectors, Walk-Through Metal Detectors, Perimeter Intrusion Detection Systems, Bar-Coded Boarding Systems
2) By Investment: New Demand, Replacement Demand
3) By End User: Commercial Airports, Seaports, Railway Stations
Subsegments:
1) By Baggage Inspection Systems: X-Ray Baggage Scanners, Computed Tomography (CT) Systems
2) By Video Management Systems: Surveillance Cameras, Video Analytics Software
3) By Access Control Or Biometric Systems: Card-Based Access Control, Fingerprint Recognition Systems, Facial Recognition Systems
4) By Cybersecurity Solutions: Firewall Solutions, Intrusion Detection Systems
5) By Hand-Held Scanners: Metal Detectors, Explosive Detection Scanners
6) By Full-Body Scanners: Millimeter Wave Scanners, Backscatter X-Ray Scanners
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Which Emerging Trends Are Reshaping The Passenger Security Market Size?
A key trend that is gaining traction in the passenger security market is the progression of technology. Many leading companies that operate in this market are concentrating on creating new technologies to maintain their market dominance. For instance, Thales Group, a French company that specializes in developing security management solutions for airport infrastructure and passengers, unveiled HELIXVIEW, a groundbreaking airport scanner in June 2022. This novel Explosive Detection System for Cabin Baggage (EDS CB) allows passengers to keep their belongings with them. The C3-compliant HELIXVIEW scanner, which is positioned to be the next standard in EDS CB, melds electronic scanning utilizing X-ray nanotechnology along with 3D image reconstruction. It also leverages Thales's proficiency in artificial intelligence (AI) and cybersecurity to create an innovative and cost-effective solution for airports.
Who Are the Key Players in the Passenger Security Market?
Major companies operating in the passenger security market include:
• Honeywell International Inc.
• Indra Sistemas S.A.
• Robert Bosch GmbH
• Teledyne FLIR LLC
• Autoclear LLC
• Smiths Detection Group Limited
• Adani Systems Inc.
• Advanced Perimeter Systems Limited
• SITA - Société Internationale de Télécommunications Aéronautiques
• Navtech Radar Ltd.
• NEC Corporation
• OSI Systems Inc.
• Thales Group
• Swissport International AG
• Wabtec Corporation
• Securitas Transport Aviation Security Ltd.
• G4S plc
• ICTS Europe Systems BV
• Allied Universal Security Services LLC
• Prosegur Compañía de Seguridad S.A.
• Brink's Company
• ADT Inc.
• Secom Co. Ltd.
• American Airlines Group Inc.
• Delta Air Lines Inc.
• United Airlines Holdings Inc.
• Southwest Airlines Co.
• Air France-KLM SA
• Deutsche Lufthansa AG
• The Emirates Group
• Qatar Airways Group Q.C.S.C.
• Cathay Pacific Airways Limited
• Singapore Airlines Limited
• Japan Airlines Co. Ltd.
• Korean Air Lines Co. Ltd.
• China Southern Airlines Company Limited
• Air China Limited
• Turkish Airlines Inc.
What are the Regional Insights into the Passenger Security Market?
North America was the largest region in the passenger security market in 2024. The regions covered in the passenger security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
