Market Overview:
The global passenger security system market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The market growth is attributed to the increasing demand for safety and security in the aviation industry, rise in terrorist activities, and increase in the number of passengers travelling by air. The recorded CCTV system segment is expected to hold the largest share of the global passenger security system market during the forecast period.
Product Definition:
A passenger security system is a type of system that is used to protect passengers while they are travelling. This type of system can include things like metal detectors and x-ray machines. The importance of having a passenger security system in place is that it can help to keep passengers safe while they are travelling.
Recorded CCTV System:
Recordable CCTV system is a video surveillance system which enables the recording of images and incidents that take place in an area. It is also known as live or hard-wire surveillance. The technology has evolved over the past few years owing to technological advancements, increasing demand for security, and rising awareness among people about safety measures. In recent times, there has been a significant rise in terrorist activities across the world leading to increased passenger & freight security worldwide resulting in market growth for this industry.
Real-time CCTV System:
Real-time CCTV system is a video surveillance system which enables the recording of events in real-time. It helps to monitor and record the activities of people, vehicles or objects which are within the field of view. These systems are used for various applications such as monitoring activity at airports, railway stations, banks and government buildings among others. Real-time CCTV systems have been installed in many passenger ships for security purposes.
Application Insights:
Aircrafts are expected to be the fastest-growing segment over the forecast period. This is attributed to a rise in air passenger traffic and incidences of aircraft robberies, which has resulted in an increased demand for passenger security systems on board aircrafts.
The railway application segment is also expected to witness significant growth owing to a rise in rail transport services across various regions, including Asia Pacific and Europe. Furthermore, governments around the world are taking initiatives for improving railway infrastructure by increasing track connectivity & speed, which will further boost market growth over the forecast period. For instance, China has been undertaking numerous projects for railroad construction at an annual rate of about 13000 kilometers since 2013; this project includes expansion of railways along with electrification & renovation of stations that serve more than 100 million passengers annually.
Regional Analysis:
North America dominated the global passenger security system market in 2016 and is expected to continue its dominance over the forecast period. This growth can be attributed to stringent government regulations, high terrorist threats, and increasing investments for improving safety standards. The installation of emergency call boxes at railway stations by the Ministry of Railways in India has increased significantly since 2014. Moreover, introduction of biometric-based e-ticketsing systems by IRCTC is anticipated to further boost demand for passenger security systems across this region.
Asia Pacific is estimated to witness significant growth over the next eight years owing to rising concerns regarding terrorism across countries such as India, China, Pakistan etc., which will drive demand from public transportation applications segment especially trains and buses among others). Furthermore growing infrastructural developments coupled with rising number of passengers using these modes of transport will also support regional market growth during the same period.
Growth Factors:
- Increasing demand for air travel: The passenger security system market is expected to grow as the number of passengers travelling by air increases. According to the International Air Transport Association (IATA), the number of passengers is expected to grow from 3.8 billion in 2017 to 7.2 billion by 2037, at a CAGR of 4.4%. This will create opportunities for passenger security system providers and help them expand their customer base.
- Stringent government regulations: Governments across the world are implementing stringent regulations related to aviation and airport security, which is driving the demand for passenger security systems. For instance, in March 2018, the US Department of Homeland Security announced new rules mandating that all electronic devices larger than a mobile phone must be placed in checked baggage on flights originating from 10 airports in Muslim-majority countries into the US . This will create opportunities for passenger security system providers as they can offer solutions that meet these regulatory requirements..
Scope Of The Report
Report Attributes
Report Details
Report Title
Passenger Security System Market Research Report
By Type
Recorded CCTV System, Real-time CCTV System, Emergency Screen Management, Audio Help Point, Others
By Application
Aircrafts, Trains, Buses, Others
By Companies
Nomad Digital, Bruker, Arrow Security, Bosch, ICTS Europe, Leidos, L3 Security & Detection Systems
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
218
Number of Tables & Figures
153
Customization Available
Yes, the report can be customized as per your need.
Global Passenger Security System Market Report Segments:
The global Passenger Security System market is segmented on the basis of:
Types
Recorded CCTV System, Real-time CCTV System, Emergency Screen Management, Audio Help Point, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Aircrafts, Trains, Buses, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Nomad Digital
- Bruker
- Arrow Security
- Bosch
- ICTS Europe
- Leidos
- L3 Security & Detection Systems
Highlights of The Passenger Security System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Recorded CCTV System
- Real-time CCTV System
- Emergency Screen Management
- Audio Help Point
- Others
- By Application:
- Aircrafts
- Trains
- Buses
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Passenger Security System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Passenger security system is a type of security system for aircraft passengers. It is designed to detect and prevent unauthorized access to the aircraft by terrorists or other criminals.
Some of the major companies in the passenger security system market are Nomad Digital, Bruker, Arrow Security, Bosch, ICTS Europe, Leidos, L3 Security & Detection Systems.
The passenger security system market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Passenger Security System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Passenger Security System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Passenger Security System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Passenger Security System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Passenger Security System Market Size & Forecast, 2018-2028
4.5.1 Passenger Security System Market Size and Y-o-Y Growth
4.5.2 Passenger Security System Market Absolute $ Opportunity
Chapter 5 Global Passenger Security System Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Passenger Security System Market Size Forecast by Type
5.2.1 Recorded CCTV System
5.2.2 Real-time CCTV System
5.2.3 Emergency Screen Management
5.2.4 Audio Help Point
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Passenger Security System Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Passenger Security System Market Size Forecast by Applications
6.2.1 Aircrafts
6.2.2 Trains
6.2.3 Buses
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Passenger Security System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Passenger Security System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Passenger Security System Analysis and Forecast
9.1 Introduction
9.2 North America Passenger Security System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Passenger Security System Market Size Forecast by Type
9.6.1 Recorded CCTV System
9.6.2 Real-time CCTV System
9.6.3 Emergency Screen Management
9.6.4 Audio Help Point
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Passenger Security System Market Size Forecast by Applications
9.10.1 Aircrafts
9.10.2 Trains
9.10.3 Buses
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Passenger Security System Analysis and Forecast
10.1 Introduction
10.2 Europe Passenger Security System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Passenger Security System Market Size Forecast by Type
10.6.1 Recorded CCTV System
10.6.2 Real-time CCTV System
10.6.3 Emergency Screen Management
10.6.4 Audio Help Point
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Passenger Security System Market Size Forecast by Applications
10.10.1 Aircrafts
10.10.2 Trains
10.10.3 Buses
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Passenger Security System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Passenger Security System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Passenger Security System Market Size Forecast by Type
11.6.1 Recorded CCTV System
11.6.2 Real-time CCTV System
11.6.3 Emergency Screen Management
11.6.4 Audio Help Point
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Passenger Security System Market Size Forecast by Applications
11.10.1 Aircrafts
11.10.2 Trains
11.10.3 Buses
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Passenger Security System Analysis and Forecast
12.1 Introduction
12.2 Latin America Passenger Security System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Passenger Security System Market Size Forecast by Type
12.6.1 Recorded CCTV System
12.6.2 Real-time CCTV System
12.6.3 Emergency Screen Management
12.6.4 Audio Help Point
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Passenger Security System Market Size Forecast by Applications
12.10.1 Aircrafts
12.10.2 Trains
12.10.3 Buses
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Passenger Security System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Passenger Security System Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Passenger Security System Market Size Forecast by Type
13.6.1 Recorded CCTV System
13.6.2 Real-time CCTV System
13.6.3 Emergency Screen Management
13.6.4 Audio Help Point
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Passenger Security System Market Size Forecast by Applications
13.10.1 Aircrafts
13.10.2 Trains
13.10.3 Buses
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Passenger Security System Market: Competitive Dashboard
14.2 Global Passenger Security System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nomad Digital
14.3.2 Bruker
14.3.3 Arrow Security
14.3.4 Bosch
14.3.5 ICTS Europe
14.3.6 Leidos
14.3.7 L3 Security & Detection Systems
