Global aviation security market expected to exceed US $26 billion by 2019, says Technavio

Renewable energy

 

Aviation security: Key market research findings

  • Integration of IT in airport security
  • Growing importance of biometric solutions

Technavio has added a new market research report on the global aviation security market, to its aviation portfolio. The global aviation security market is expected to grow at a CAGR of more than 7% between 2015 and 2019, thanks to the major investments in the installation and development of high-technology screening systems to enhance security in the aviation sector. Currently, the Americas dominate the global market for aviation security, accounting for around 43% of the total market share. However, the APAC region is expected to be the fastest growing region in this market over the next four years. The region witnessed close to 18 million aircraft movements from the region as a result of growing prevalence of air travel.

The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.

“The integration of IT in airports is the latest trend which has attracted key investments in this market. For instance, United States Trade and Development Agency (USTDA) installed an MMW scanner in Indira Gandhi International Airport in Delhi with the BCAS certification. The new-technology body scanners, carry-on baggage X-rays machines, new throughput processes, and pre-airport checks have enhanced security measures in the airports. Also, the 3D X-ray machine for baggage screening with an advanced automatic threat recognition software is one of the most adopted screening technology,” says Sriram Mohan, Lead Analyst, Aerospace & Defense, Technavio Research.

Owing to their cost-effectiveness and reliability, the biometric solutions are gaining momentum in the aviation sector. Airports are increasingly using biometric authentication technology to enhance the security of the airport premises. This technology detects the potential misuse of staff and contractor ID badges to gain access to unauthorized areas within an aerodrome. Palm vein detection is the latest biometric technology being witnessed in this market.

The key vendors in the global aviation security market include American Science & Engineering, Analogic, G4S, L-3 Communications, and Morpho Detection (Safran). The market is highly competitive and intense. To survive the cut-throat competition prevailing ion the market, it is crucial for vendors to provide cost-effective and high-quality airport security systems with the latest technology and materials.

A more detailed analysis is available in the Technavio report, Global Aviation Security Market 2015-2019.

We can customize reports by other regions and specific segments upon request.

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