Global IoT in Elevators Market

Elevator refers to a room-type machine that can accommodate some people at one time depending on its capacity of it. Escalators are moving stairs that carry people between different building levels. Elevators and escalators are mostly used in buildings to carry both passengers and freight up and down across various levels of a building. The main types of elevators and escalators are elevators, escalators, and moving walkways. The escalators refer to a belt which is a moving staircase that carries people between floors of a building or structure. The different businesses include new equipment, maintenance, and modernization and involve several technologies, such as elevator technology, traction elevators, machine roomless traction elevators, and hydraulics. It is employed in residential, commercial, institutional, infrastructure, and other end users. The elevator and escalator market research report is one of a series of new reports from The Business Research Company that provides elevator and escalator market statistics, including elevator and escalator industry global market size, regional shares, competitors with an elevator and escalator market share, detailed elevator and escalator market segments, market trends and opportunities, and any further data you may need to thrive in the elevator and escalator industry. This elevator and escalator market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global elevator and escalator market size grew from $101.78 billion in 2022 to $111.04 billion in 2023 at a compound annual growth rate (CAGR) of 9.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The elevator and escalator market size is expected to grow to $146.67 billion in 2027 at a CAGR of 7.2%. The increase in infrastructure investment is expected to propel the growth of the elevator and escalator market going forward. Infrastructure refers to the construction of real assets such as bridges, roads, and buildings. With the increasing heights of buildings, the requirement for elevators and escalators has also increased, in order to save time and provide effectiveness for people. For instance, in November 2021, according to the Indian Brand Equity Foundation, an Indian government agency, the central government had allocated $1.89 billion in the union budget for the development of infrastructure. Also, the Indian Parliament passed a bill to set up the National Bank for Financing Infrastructure and Development (NaBFID) to fund infrastructure projects in India, and a 13% share of the total FDI inflows worth $ 81.72 billion was allocated for the development of infrastructure activities. Therefore, the increase in infrastructure investments is driving the growth of the elevator and escalator markets. Product innovations are a key trend gaining popularity in the elevator and escalator market. Major companies operating in the elevator and escalator sector are focused on developing ground-breaking digitally connected technology to sustain their position in the market. For instance, in March 2021, KONE Elevator, an Indian elevator manufacturing company, launched digitally connected KONE DX class elevators, which redefined the elevator experience. KONE DX Class helps customers use additional software and services for elevators throughout the entire lifetime of a building. The use of open application programming interfaces (APIs) makes the elevator easy to manage and integrate different devices, apps, and services with new and existing systems. In October 2020, Hitachi, Ltd., a Japan-based manufacturer of elevators and escalators acquired Yungtay Engineering for a deal amount of USD100.86 million (TWD 3billion). With this acquisition, Hitachi accelerates the global expansion of its business and also expands new installation units through product enhancement and cost competitiveness, and improve profitability through increasing maintenance units in China and Asia. Yungtay is a Taiwan-based company that manufactures elevators and escalators. Major players in the elevator and escalator market are Kone Corporation, Hitachi Ltd., Schindler Holding Ltd., Thyssenkrupp AG, Mitsubishi Electric Corporation, Toshiba Corporation., Yuanda China Hldgs, Meilun Elevator, IFE Elevators, Joylive Elevator, Dongnan Elevator, Guangri Elevator, Canny Elevator, Volkslift, and Syney Elevator. Asia-Pacific was the largest region in the elevator and escalator market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the elevator and escalator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the elevator and escalator market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The elevator and escalator market consists of sales of step-type elevators, belt-type elevators, cleat-type elevators, spiral elevators, and vacuums among others. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global elevator and escalator market is segmented - 1) By Product: Elevators, Escalators, Moving Walkway  2) By Business: New Equipment, Maintenance, Modernization 3) By Elevator Technology: Traction Elevator, Machine Room Less Traction Elevator, Hydraulic 4) By End User: Residential, Commercial, Institutional, Infrastructure, Other End Users

Escalators and moving walkways refer to a moving staircase that carries people between floors of a building. This helps to carry passengers and freight up and down. These are commonly used in locations for public transport as well as malls. Moving walkways are mostly used in airports where they help travelers with luggage travel a great distance between several sub-terminals in the airport. It used as solutions for the uninterrupted flow of people throughout buildings The main types of products in escalators and moving walkways are escalators and moving walkways. Escalators refer to mechanical devices that move people up and down between floors of a structure. They often have the shape of a moving staircase, consisting of a chain of single-piece stainless steel or aluminum steps that are moved by a network of tracks in an endless loop. Escalators are commonly utilized in structures where the movement of a large number of people is necessary, such as malls, airports, public transportation systems, exposition halls, hotels, arenas, and so on. The various applications include public transit, airports, retail, institutional, and others. The escalators and moving walkways market research report is one of a series of new reports from The Business Research Company that provides escalators and moving walkways market statistics, including escalators and moving walkways industry global market size, regional shares, competitors with an escalators and moving walkways market share, detailed escalators and moving walkways market segments, market trends and opportunities, and any further data you may need to thrive in the escalators and moving walkways industry. This escalators and moving walkways market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global escalators and moving walkways market size grew from $16.69 billion in 2022 to $17.78 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The escalators and moving walkways market size is expected to grow to $21.6 billion in 2027 at a CAGR of 5.0%. The flourishing commercial real estate market worldwide will propel the growth of the escalators and moving walkways market going forward. Commercial real estate refers to the construction of commercial activities, including companies and large residential properties. Escalators and moving walkways are used in commercial buildings to carry people and goods from one floor to the other. For instance, according to CBRE Group, Inc., a US-based commercial real estate services and investment company, in 2021, a record amount of USD 1.3 trillion was invested in commercial real estate globally, an increase of 55% from 2020. Also in America, the annual investment volume increased by 83% to over USD 775 billion in 2021. Therefore, flourishing commercial real estate worldwide with increasing investments in commercial real estate is driving the growth of the escalator and moving walkway markets. New product innovation is the key trend that is gaining popularity in the escalators and moving walkways market. Major companies operating in the escalators and moving walkways sector are focused on introducing new products to sustain their position in the market. For instance, in May 2021, KONE Corporation, a Finland-based international engineering, and service company, launched a new elevator model, KONE DX class elevators, that work on a unique digital platform and secure APIs to connect elevators with smartphones, which makes users more convenient. This DX class elevator offers future-ready inbuilt digital solutions that help to take care of various digital solutions and service needs of the elevator throughout its entire life cycle. That helps to enhance the value of the building. Also, this had an extra feature of DX, music, which is a part of the elevator ride to set just the right mood. In April 2022, Hitachi, a Japan-based manufacturer of heavy electronic goods, acquired Yungtay Engineering Co. for a deal amount of $ 7.6 billion. Through the acquisition, Hitachi implemented digital technologies such as IoT, which would help it in developing new elevator products. Also, this acquisition helps Hitachi to strengthen its elevator and escalator business base in China and Asia. Yungtay Engineering Co. is a Taiwan-based company involved in the production, distribution, and maintenance of elevators and escalators. Major players in the escalators and moving walkways market are Kone Oyj, ?t?? ?l?v?t?r ??m??n?, Schindler, Mitsubishi Electric, Fujitec Co. Ltd., ?h????nkru?? ?G, Hitachi Lift India Pvt. Ltd., ??und?? ?l?v?t?r ??m??n?, ???h?b? ??r??r?t??n, ?t??n Ltd., Gulf Elevators Co. LLC, Sigma Elevator Company, Stannah Lifts, Senhe Elevator Co, Kleemann Hellas, and TK Elevator. North America was the largest region in the escalators and moving walkway market in 2022. The regions covered in the escalators and moving walkways market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the escalators and moving walkways market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The escalators and moving walkways market consists of sales of walkway system, motors, controls, and lighting, truss, tracks. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global escalators and moving walkways market is segmented - 1) By Product: Escalators, Moving Walkways 2) By Application: Public Transit, Airport, Retail, Institutional, Other Applications

Airport technologies refers to the use of modern technology in the airport premises to enhance the passenger's overall experience. The main types of airport technologies are airport digital signage systems, car parking systems, airport communications, landing aids, guidance and lighting, passenger, baggage and cargo handling control systems, and airport management software. Landing aids help aircraft in an approach and landing, flashing light, radio beacon, communicating device or radar device or any system are some landing aids. Airport technologies are used in small, medium and large domestic airport and international airports. The airport technologies market research report is one of a series of new reports from The Business Research Company that provides airport technologies market statistics, including airport technologies industry global market size, regional shares, competitors with an airport technologies market share, detailed airport technologies market segments, market trends and opportunities, and any further data you may need to thrive in the airport technologies industry. This airport technologies market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global airport technologies market size will grow from $12.3 billion in 2022 to $13.02 billion in 2023 at a compound annual growth rate (CAGR) of 5.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global airport technologies market size is expected to grow to $15.7 billion in 2027 at a CAGR of 4.8%. Rise in illegal immigration is a key driver of the airport technologies market. According to data published by the German Federal Police, by the end of October 2020, a total of 1,569 migrants illegally entered Germany from Norway, Sweden and Denmark since the beginning of 2020. To curb illegal immigration, advanced airport technologies are being increasingly used. In this regard, airport technology in the form of facial recognition has led to many arrests for illegal immigration at airports. Similarly, technologies such as Mobile Passport Control (MPC) and radio-frequency identification (RFID) based tracking solution have been deployed in many airports. The MPC technology uses a mobile app that allows US citizens or visitors from Canada to expedite their entry into the USA. This app has been approved by the U.S. Customs and Border Protection (CBP). Insufficient airport safety regulations in many countries is a major restraint on the airport technologies market. This is mainly due to lack of strict mandate in some countries to further improve the existing airport technologies. The Federal Aviation Administration (FAA) audit revealed that India had insufficient safety regulations in airports. The FAA audit concluded that insufficient airport safety regulations and a decline in safety ranking of the Indian airports can be directly attributed to lack of advancement of airport technologies in the country. Insufficient airport safety regulations continue to be an important restraint restricting the growth of the airport technologies market. The implementation of automated baggage handling systems is an emerging trend in the airport technologies market. Automated baggage handling systems involve the use of small robotic vehicles that carry baggage from the conveyor belt, through the security system and finally to the respective aircraft carriers. The use of this technology is expected to reduce the number of bags lost at airports. For instance, in May 2021, UK-based Stansted Airport completed a £70 million upgrade to its baggage handling system, adding 180 automated carts, 2.4 km of conveyor belts, and track to increase efficiency. Major players in the airport technologies market are Thales ATM S.A, Honeywell Airport Solutions, Siemens Airports, Raytheon Corp., CISCO Systems,Inc., Hitachi,Ltd., Bosch Security Systems,Inc., Rockwell Automation, Analogic, Smiths Detection International, Oshkosh Truck Corp., MATRIX SYSTEMS, DSG SYSTEMS AG, Airport Information Systems,Ltd., Garrett Metal Detectors, KUKA Roboter, Passur Truck Corp., Pensher Skytech, Vanderlande Industries, Syagen Technology, ArincInc., A4 Vision, Alstom Aerospace airports and American Lafrance Corp. The Asia-Pacific was the largest region in the airport technologies market in 2022. Asia-Pacific is expected to be the fastest-growing region in the global airport technologies market report during the forecast period. The regions covered in the global airport technologies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the airport technologies market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The airport technologies market includes revenues earned by entities by offering technologies that enable a hassle-free and convenient customer experience at the airport. The different types of airport technologies include airport communications, airport management systems and software, digital signage systems, fire-fighting systems, security systems, car parking systems, passenger management systems, baggage management systems, cargo control systems, landing aid, and guidance and lighting systems. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global airport technologies market is segmented - 1) By Type: Airport Digital Signage Systems, Car Parking Systems, Airport Communications, Landing Aids, Guidance and Lighting, Passenger, Baggage and Cargo Handling Control Systems, Airport Management Software 2) By Airport Size: Small, Medium, Large 3) By Application: Domestic Airport, International Airport

The airport moving walkway is a slow-moving conveyor system that transports people over horizontal or inclined planes over a shorter distance and assist people in reaching the desired location at airports. They are installed in pairs with opposite directions of roll, with safety handrails alongside. They are also known as flat escalators or travelator machines. The main types of airports moving walkways are belt type and pallet type. The belt-type moving walkways are built with mesh metal belts or rubber walking surfaces over metal rollers. These can either be inclined or flat and are generally used in airports, metro terminals, or shopping malls. The various inclination angles of airport moving walkways are horizontal and inclined, which are divided by various business types into new installation, modernization, and maintenance. The types of speed for airport moving walkways are constant moving walkways (CMW) and accelerating moving walkways. The airport moving walkways market research report is one of a series of new reports from The Business Research Company that provides airport moving walkways market statistics, including airport moving walkways industry global market size, regional shares, competitors with an airport moving walkways market share, detailed airport moving walkways market segments, market trends and opportunities, and any further data you may need to thrive in the airport moving walkways industry. This airport moving walkways market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global airport moving walkways market size grew from $2.22 billion in 2022 to $2.31 billion in 2023 at a compound annual growth rate (CAGR) of 4.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The airport moving walkways market size is expected to grow to $2.76 billion in 2027 at a CAGR of 4.5%. The growing number of air passengers is expected to propel the growth of the airport moving walkways market. In most cases, passengers at the airport carry heavy luggage with them, and they are required to move a distance. In such cases, moving walkways act as passageways between the terminals, within particularly long concourses, or as access to a parking facility. For instance, according to the International Civil Aviation Organization (ICAO), a specialised agency of the United Nations, the global number of airline passengers is expected to reach 10.5 billion by the year 2040. Therefore, the growth in the number of airline passengers is driving the growth of the airport moving walkways market. Partnership and collaboration are key trends gaining popularity in the airport-moving walkway market. The companies operating in the airport moving walkway market are partnering with research companies to improve the operational capabilities and performance of their existing products. For instance, in December 2021, Accessibility Standards Canada (ASC), a federal research organization, collaborated with the Canadian Standards Association (CSA) Group for the purpose of adding CSA B651, a new edition of a national accessibility standard for the built environment. The new edition will include updates on the exterior environment, circulation (including elevators, escalators, and moving walkways), tactile walking surface indicators, interior rooms (including washrooms and kitchens), and emergency egress. In June 2020, international private equity firms Advent International and Cinven acquired the elevator technology business from ThyssenKrupp AG, a Germany-based multinational conglomerate, for an undisclosed amount. The acquisition by international equity partners is focused on diversifying their current portfolio and expanding the business operations of ThyssenKrupp's elevator technology business across the globe. Thyssenkrupp's elevator product portfolio includes passenger and freight escalators, moving walkways, passenger boarding bridges, and others. Major players in the airport moving walkways market are Fujitec Co., Ltd., Hitachi, Ltd., Hyundai Elevator Co., Ltd., Kone Corporation, Mitsubishi Electric Corporation, Otis Elevator Company, Schindler, Stannah, Thyssenkrupp AG, Toshiba Elevator and Building Systems Corporation, United Technologies, Kleemann, Orona Group, VGSI ELEVATOR LLC, and Teknic Elevators PPG Pvt. Ltd. Asia-Pacific was the largest region in the airport moving walkways market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the airport moving walkways market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the airport moving walkways market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The airport moving walkway market consists of sales of walkway system, motors, controls, and lighting, truss, tracks. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global airport moving walkways market is segmented - 1) By Type: Belt Type, Pallet Type 2) By Inclination Angle: Horizontal, Inclined 3) By Business Type: New Installation, Modernization, Maintenance 4) By Speed: Constant Moving Walkways (CMW), Accelerating Moving Walkways

Airport and marine port security refers to an ecosystem which provides safety to air cargos and protection of vessels, both internally and externally. It also refers to the measures taken to ensure that treaties signed with other countries are properly enforced. It used to protect a shipping port and airport facility from terrorism, other illegal activities, and activists. The main types of systems in airport and marine port security include surveillance systems, physical access control systems, screening and scanning systems, perimeter intrusion detection systems, network access control and security, and real-time location systems. Surveillance systems refer to any electronic surveillance device, hardware, or software capable of collecting, capturing, recording audio, visual, digital, location, thermal, biometric, or similar information. This technology will also allow ports to not only react faster to events but also for managing day-to-day operation costs of security guards, security vehicles, training, fuel, and others. They are used in different infrastructures including airports and marine ports. These services offered in airport and marine port security include facility and asset management, system integration, training & consulting. The airport and marine port security market research report is one of a series of new reports from The Business Research Company that provides airport and marine port security market statistics, including airport and marine port security industry global market size, regional shares, competitors with an airport and marine port security market share, detailed automotive seat market segments, market trends and opportunities, and any further data you may need to thrive in the automotive seat industry. These airport and marine port security market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global airport and marine port security market size grew from $78.18 billion in 2022 to $85.05 billion in 2023 at a compound annual growth rate (CAGR) of 8.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The airport and marine port security market size is expected to grow to $117.65 billion in 2027 at a CAGR of 8.5%. The increasing internal and external threats are driving the growth of the airport and marine port security market going forward. Internal and external threats refer to the attacks from inside and outside of an organization. Airport and marine port security provide security from attacking with internal and external threats and provide safety to the airports and marine ports. For instance, according to the Transported Asset Protection Association (TAPA) report 2021, a US-based non-profit organization, TAPA has documented nearly 6,463 new cargo threats or attacks across 56 countries in Europe, and the Middle East region for the year 2020. Therefore, the increase in internal and external threats is expected to boost demand for airport and marine port security systems during the forecast period. Technological advancement is a key trend gaining popularity in the airport and marine port security market. Major companies operating in the airport and marine port security market are focused on developing new technological solutions to strengthen their position. For instance, in March 2022, the Transportation Security Administration (TSA), a US transportation security agency launched new facial recognition technology at Los Angeles International Airport (LAX) to check and verify the identity of visitors at some of the airport’s security checkpoints. The airport is equipped with a next generation Credential Authentication Technology (CAT) unit that captures a photo of the visitor using camera and compares with the photo ID on facial features and confirms the same. The new technology enables safety and streamlines the visitor experience. In February 2021, DG Risk Group, an England-based risk and security management company acquired Protection Vessels International (PVI) for an undisclosed amount. This acquisition will significantly benefit the company's expansion in maritime security service offerings across West Africa and around the world, providing unrivaled security in piracy hotspots that require it the most. Protection Vessels International (PVI) is a UK-based company that specializes in armed maritime security solutions for commercial and government agencies. Major players in the airport and marine port security market are Tyco International Ltd., L-3 Communications Holdings Inc., Honeywell International Inc., HCL Infosystems Limited, Bosch Security Systems, Unisys Corporation, Flir Systems, Inc., Raytheon, Siemens AG, SAAB AB, Motorola, James Fisher and Sons, Rapiscan, Nokia, and Safran. North America was the largest region in the airport and marine port security market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the airport and marine port security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the airport and marine port security market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The airport and marine port security market includes revenues earned by entities by providing security systems and solutions for protecting the airports against hazardous items and inspecting the cargo moving through the ports. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global airport and marine port security market is segmented - 1) By Technology: Surveillance Systems, Physical Access Control Systems, Screening and Scanning Systems, Perimeter Intrusion Detection System, Network Access Control and Security, Real-Time Location Systems 2) By Services: Facility and Asset Management, System Integration, Training and Consulting 3) By Infrastructure: Airport, Marine port

The airport security refers to the procedures and methods used to protect passengers, personnel, aircraft, and airport property from harm caused by accident or malice, crime, and other dangers. Airport security is a set of measures and people and material resources aimed at protecting civil aviation from acts of unlawful interference such as terrorism, sabotage, threats to life and property, false threat communication, bombing, and so on. It tries to keep these risks at bay by using various methods of scanning. The main types of technologies in the airport security market are access control, cybersecurity, perimeter security, screening and scanning, surveillance, real-time locating systems (RTLS), and others. Access control refers to a data security process that enables organizations to manage authorized people to access corporate data and resources. Secure access control uses policies that verify users and ensure control access levels that are granted to users. Also, helps in easy access to data. It is further divided by system into metal detectors, fiber optic perimeter intrusion, backscatter x-ray systems, cabin baggage screening systems, and others. The various application includes a civilian and commercial airport and military airport. These are used to protect civil aviation from acts of unlawful interference such as terrorism, and sabotage. The airport security market research report is one of a series of new reports from The Business Research Company that provides airport security market statistics, including airport security industry global market size, regional shares, competitors with an airport security market share, detailed airport security market segments, market trends and opportunities, and any further data you may need to thrive in the airport security industry. This airport security market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global airport security market size grew from $13.64 billion in 2022 to $15.61 billion in 2023 at a compound annual growth rate (CAGR) of 14.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The airport security market size is expected to grow to $23.86 billion in 2027 at a CAGR of 11.2%. The increase in new airport building operations and facilities improvements is contributing to the growth of the airport security market. Airport building operations and facilities improvements refer to the improvements in the infrastructure of the airport as well as the facilities such as arrival, departure, check-in, airport staff, and so on. With the growth in population, air traffic, and increasing demand for the modernization of the infrastructure there has been an increase in new airport building operations and facilities improvements. For instance, in May 2021, Raytheon Technologies was awarded a USD 318 million contract by the U.S. Transportation Security Administration (TSA) to deploy checked baggage screening machines at all federally managed airports. This five-year contract covers the expansion of equipment at about 430 federal airports across the country. It will also strengthen the terminals' security and reduce any potential hazard to the numerous stakeholders on-site. Therefore, the increase in new airport building operations and facilities improvements will drive the growth of the airport security market. Technological advancements including RFID baggage reconciliation systems, remote check-ins, e-gates, and sensor equipment advancement is a key trend gaining popularity in the airport security market. According to a report by PR Newswire, 2020 OSI Systems, Inc., a US-based developer of security and inspection systems, announced that its security division was awarded multiple contracts for approximately $93 million from an international government customer to provide various Rapiscan X-ray cargo and vehicle inspection systems, luggage and parcel inspection systems, trace detection systems, and maintenance and support services. Their Itemiser 5X has met the requirements to be listed on the TSA's Air Cargo Screening Technology List as Approved technology (ACSTL). The Detector's cargo capabilities can be used for cargo screening operations outside of the United States. This launch represents another step forward in OSI's portfolio. In April 2021, Allied Universal, a US-based security and facility services company acquired G4S plc for $4 billion (£3.8 billion). With this acquisition, Allied Universal aims to deliver the highest value proposition to customers in the security industry. G4S is a UK-based security company, specializing in the provision of security services and solutions to customers. Major players in the airport security market are American Science and Engineering, Bosch, C.E.I.A SpA, Hitachi, L-3 Communications, Lockheed Martin, OSI Systems, Safran Morpho, Siemens AG, Smiths Detection, Auto Clear LLC, Analogic Corp, Bruker Corp, Nuctech Company Ltd., MilliVision Technologies, Nuctech Company Ltd. North America was the largest region in the airport security market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the airport security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the airport security market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The airport security market consists of sales of airport security baggage screening including x-ray systems, computed tomography systems, explosive detection systems, metal detectors and physical search. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global airport security market is segmented - 1) By Technology: Access Control, Cybersecurity, Perimeter Security, Screening and Scanning, Surveillance, Real-Time Locating System (RTLS), Other Technologies 2) By System: Metal Detectors, Fiber Optic Perimeter Intrusion, Backscatter X-Ray Systems, Cabin Baggage Screening Systems, Other Systems 3) By Application: Civilian and Commercial Airport, Military Airport

The airport construction is a methodical process used to create standards for an airport's efficient development that is in line with municipal, state, and federal objectives. Assuring the efficient use of airport resources to meet aviation demand in a financially viable manner is a primary goal of airport planning. The main types of technologies in airport construction are security systems, communication systems, passenger, cargo, and baggage ground handling control, and air or ground traffic control. Security systems refer to a collection of policies, procedures, tools, and resources designed to protect airport infrastructure, staff, and passengers against unauthorized conduct. The various locations involved are landside, airside, and terminal side that are used in defense and military, commercial and civil applications. The airport construction market research report is one of a series of new reports from The Business Research Company that provides airport construction market statistics, including airport construction industry global market size, regional shares, competitors with airport construction market share, detailed airport construction market segments, market trends, and opportunities, and any further data you may need to thrive in the airport construction industry. This airport construction market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global airport construction market size grew from $1,149.19 billion in 2022 to $1,148.96 billion in 2023 at a compound annual growth rate (CAGR) of 0.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The airport construction market is expected to decline to $1,092.47 billion in 2027 at a CAGR of -1.3%. The growing air traffic is expected to drive the growth of the airport construction market going forward. Air traffic refers to the procedure or technique by which ground personnel coordinates radio communications with pilots to monitor and control aircraft movements. With airport operators and airlines expanding capacity, the airport construction market is undergoing significant expansion. For instance, according to the report by International Civil Aviation Organization, a US-based agency that coordinates international air navigation, in May 2022, shows that when compared to the same period in 2021, the global number of passengers carried by air climbed by 65% from January to April 2022, while the number of aircraft departures increases by 30%. Airline seat capacity increased by 32% over the same period. Therefore, the surge in air traffic will benefit the airport construction market in the forecasting period. Technology advancements in new airport terminal projects are a key trend gaining popularity in the airport construction market. Major companies in the airport construction market are advancing in their new technologies and development, to gain market share. For instance, in June 2022, ADB Safegate, a US-based provider in airfield, gate, airport systems, and tower solutions provider introduced a unique Safedock X Advanced Visual Docking Guidance System (A-VDGS), bringing completely automated airport apron management one step closer to reality by combining innovative surveillance technologies, contemporary display capabilities, and superior integration to assure safe docking in all-weather situations. The new display is a critical component in supporting airport collaborative decision making (A-CDM), assisting in reducing delays and shortening gate rotations because it can provide more information to meet any apron management task. A transportable operator panel gives ground employees more situational awareness and flexibility, while Safedock X can accommodate independent displays for aircrew and ground crew. In January 2022, Graham construction, a US-based provider of construction services acquired Aecom for an undisclosed amount. This acquisition would assist Graham construction increase the company's service portfolio and provide stronger access to eastern North American markets. It would help the company execute a plan to concentrate all their resources on the professional services business, which has a better profit margin and lower risk. Aecom is a US-based infrastructure consulting firm operating on airport construction projects. Major players in the airport construction market are Austin Industries Inc., Bechtel Corporation, Fluor Corporation, Hensel Phelps Construction Company, Hill International Inc., GMR Group, Jacobs Engineering Group, L&T Construction, McCarthy Holdings Inc., PCL Constructors Inc., Skanska USA Inc., Amadeus It Group, Balfour Beatty, Gilbane Building Company, Crossland Construction, and GVK Industries Limited d/b/a. Asia-Pacific was the largest region in the airport construction market in 2022. North America is expected to be the fastest growing region in the forecast period. The regions covered in the airport construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the airport construction market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The airport construction market includes revenues earned by entities through initiatives for the different structures, infrastructure, and facilities at the airport to be built, rebuilt, expanded, relocated, maintained, and repaired. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global airport construction market is segmented - 1) By Technology: Security Systems, Communication Systems, Passenger, Cargo and Baggage Griund Handling Control, Air or Ground Traffic Control 2) By Location: Landside, Airside, Terminal Side 3) By Applications: Defense and Military, Commercial And Civil

The airport baggage handling system refers to the composition of many procedures and inspections. It is intended to transfer bags via an airport conveyor belt system, count bags, weigh bags, balance loads, screen baggage for security, and automatically scan bag information. The main product types of airport baggage handling systems are conveyors and destination-coded vehicles. The conveyor is a mechanical handling device for quickly and effectively moving loads and materials automatically around a space. The conveyors are used to move passenger bags aboard the flight and transport luggage from check-in to the check-out point. It provides solutions such as check-in, screening and load, conveying and sorting, unload and reclaim, and services such as check-in, screening and load, conveying and sorting, and unload and reclaim. The technologies incorporate are barcode, and RFID (radio frequency identification) providing, that are used in airport, railway, marine, and others. The airport baggage handling system market research report is one of a series of new reports from The Business Research Company that provides airport baggage handling system market statistics, including airport baggage handling system industry global market size, regional shares, competitors with an airport baggage handling system market share, detailed airport baggage handling system market segments, market trends and opportunities, and any further data you may need to thrive in the airport baggage handling system industry. This airport baggage handling system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global airport baggage handling system market size is expected to grow from $7.55 billion in 2022 to $8.18 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many markets across the globe. The airport baggage handling system market size is expected to reach $10.89 billion in 2027 at a CAGR of 7.4%. The increase in air traffic is expected to propel the growth of the airport baggage handling system market. Air traffic refers to aircraft movements at airports. The reasons for the increase in air traffic are economic and demographic growth, rising income levels, the need for faster transportation of goods, and others. The demand for airport baggage handling systems will rise in response to the increasing air traffic to support crowded airport operations and reduce lead times for aircraft and at airports. For instance, according to the May 2022 passenger data published by the IATA (International Air Transport Association), a trade association for the world’s airlines, total air traffic was up 83.1% compared to May 2021, mostly driven by a strong recovery in international traffic. Worldwide air traffic is now at 68.7% of pre-pandemic levels. Further, in May 2022, international traffic grew 325.8% versus May 2021. Therefore, an increase in air traffic is expected to drive the growth of the airport baggage handling systems market. Technological advancement in airport baggage handling systems is a key trend gaining popularity in the airport baggage handling system market. The major players in the market and airports are integrating advanced technologies in baggage handling systems, such as near-field communication (NFC) and radio frequency identification (RFID), to provide automated check-in and baggage handling services. For instance, in June 2022, Delhi Airport, an Indian primary international airport, introduced BAGG TRAX, an RFID-enabled tagging technology to track passenger luggage in real-time during every stage of transfer. Upon registering, the tag needs to be put into check-in luggage, and passengers will receive updates on their phones when the baggage arrives at the airport and is ready to be picked up at the designated baggage belt. This system is projected to reduce the amount of lost or delayed baggage and time, which now costs airlines billions of dollars annually. In August 2022, Belt Power LLC, a US-based wholesaler and distributor of conveyor belts and conveyor belt components, acquired the assets of Engineered Components, Inc. for an undisclosed amount. This acquisition would accelerate Belt Power's organic growth strategy in a highly dynamic industry and increase its national competence in the material handling vertical. Engineered Components, Inc. is a US-based provider of postal and mail handling systems, large-scale package handling facilities, and solutions for baggage handling systems Major players in the airport baggage handling system market are Beumer Group, Daifuku Co Ltd., Fives Group, G&S Airport Conveyor, Glidepath Limited, Grenzebach Maschinenbau GmbH, Logplan LLC, Pteris Global Limited, Siemens AG, Vanderlande Industries BV, SITA, BCS Group, Ansir Systems, Babcock International Group, and Leonardo SpA. North America was the largest region in the airport baggage handling system market in 2022. The regions covered in the airport baggage handling system report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the airport baggage handling system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The airport baggage handling system market consists of revenues earned by entities by providing security-related luggage screening, load balance, volume control, and bag tracking. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global airport baggage handling system market is segmented - 1) By Type: Conveyors, Destination Coded Vehicles 2) By Solution: Check-In, Screening And Load, Conveying And Sorting, Unload And Reclaim 3) By Service: Assisted Service, Self-Service 4) By Technology: Barcode, RFID (Radio Frequency Identification) 5) By Application: Airport, Railway, Marine, Other Applications