Market Overview:
The global passenger security equipment market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing number of terrorist attacks and the subsequent need for enhanced security measures across various modes of transportation, such as airports, train stations, bus stations, and seaports. Additionally, the increasing adoption of video surveillance systems for people screening is also contributing to the growth of this market. The baggage inspection system segment is expected to hold the largest share in terms of revenue in 2018 and is projected to grow at a CAGR of 7% during the forecast period from 2018-2030. This can be attributed to increased concerns over safety and security among passengers travelling via air transportations.
Product Definition:
Passenger security equipment is used to screen passengers and their belongings for explosives, weapons, and other contraband. The importance of passenger security equipment is that it helps ensure the safety of passengers and prevents terrorist attacks.
Baggage Inspection System:
Baggage inspection system is a device used by an airline to examine baggage of passengers for prohibited items such as weapons, explosives, drugs, liquids and gels. The primary function of the baggage inspection system is to ensure that no dangerous item enters the cabin with a passenger.
The global Baggage Inspection System (BIS) market was valued at USD 1.6 billion in 2015.
Explosive Detection System:
Explosive Detection Systems (EDS) are used to detect the presence of an explosive device and prevent its accidental triggering. They can be integrated with passenger or baggage screening equipment, as well as scanning machines for liquids. The systems include a variety of technologies that use electromagnetic, electro-optical or semiconductor sensors to identify the nature and location of an explosive device.
Application Insights:
Airports were the largest application segment and accounted for a revenue share of more than 60% in 2017. The growth can be attributed to the rising air traffic across all major airports globally. Moreover, increasing focus on airport security by governments across various regions has resulted in increased spending on passenger safety equipment at airports which is further driving the market growth. For instance, according to an article published by APCO Worldwide, governments are expected to invest USD 38 billion in new airport infrastructure over the next six years which will create around 1 million jobs worldwide through 2018. This is likely to provide positive scope for industry expansion over the forecast period.
The train station application segment was valued at USD 536 million in 2017 owing to growing concerns about railway terrorism and increasing investments for enhancing passenger safety systems at stations globally including ticketing & reservation systems, surveillance cameras etc.
Regional Analysis:
North America dominated the global passenger security equipment market in 2017. The growth of this region can be attributed to stringent government regulations and rising terrorist threats across the globe. In addition, presence of key players such as American Express Security Services, Inc.; Aviation Safeguard International; CAE Inc.; CSA Group; Honeywell International Inc.; L3 Technologies Holdings, LLC; and General Dynamics Mission Systems is also expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing number of airports across emerging economies such as India and China. In addition, growing aviation industry in these countries will further boost demand for passenger security equipment in Asia Pacific region during the forecast period. Furthermore, increasing investments by governments for airport infrastructure development are expected to fuel demand for Passenger Security Equipment (PSE) at airports during future years.
Growth Factors:
- Increasing demand for air travel: The global passenger traffic is expected to grow at a CAGR of 5.4% from 2016 to 2021, reaching 3.8 billion passengers by 2021. This will result in the need for more secure and efficient passenger security equipment systems.
- Stringent government regulations: Governments across the world are implementing stringent regulations mandating the use of specific types of passenger security equipment in airports and other transportation hubs. This is driving the demand for such equipment systems globally.
- Technological advancements: Passenger security equipment manufacturers are constantly innovating new technologies that make these systems more efficient and user-friendly, thereby increasing their adoption rates worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Passenger Security Equipment Market Research Report
By Type
Baggage Inspection System, Explosive Detection System, Video Surveillance, Intrusion Detection and Prevention System, Fire Safety & Detection System, People Screening Systems, Others
By Application
Airports, Train Stations, Bus Stations, Seaports
By Companies
Honeywell International, Orbocomm, L-3 Communications, Kapsch, Siemens AG, Rapiscan Systems, Rockwell Collins, Safran Group, Raytheon Group, Smiths Group, Anixter, Avigilon, Harris, HID Global, Lockheed Martin, Northrop Grumman
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Passenger Security Equipment Market Report Segments:
The global Passenger Security Equipment market is segmented on the basis of:
Types
Baggage Inspection System, Explosive Detection System, Video Surveillance, Intrusion Detection and Prevention System, Fire Safety & Detection System, People Screening Systems, 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
Airports, Train Stations, Bus Stations, Seaports
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:
- Honeywell International
- Orbocomm
- L-3 Communications
- Kapsch
- Siemens AG
- Rapiscan Systems
- Rockwell Collins
- Safran Group
- Raytheon Group
- Smiths Group
- Anixter
- Avigilon
- Harris
- HID Global
- Lockheed Martin
- Northrop Grumman
Highlights of The Passenger Security Equipment 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:
- Baggage Inspection System
- Explosive Detection System
- Video Surveillance
- Intrusion Detection and Prevention System
- Fire Safety & Detection System
- People Screening Systems
- Others
- By Application:
- Airports
- Train Stations
- Bus Stations
- Seaports
- 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 Equipment 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 equipment is any device or system used to screen passengers before they board a flight. This includes things like metal detectors, explosives detection dogs, and bag scanners.
Some of the key players operating in the passenger security equipment market are Honeywell International, Orbocomm, L-3 Communications, Kapsch, Siemens AG, Rapiscan Systems, Rockwell Collins, Safran Group, Raytheon Group, Smiths Group, Anixter, Avigilon, Harris, HID Global, Lockheed Martin, Northrop Grumman.
The passenger security equipment market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Passenger Security Equipment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Passenger Security Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Passenger Security Equipment Market - Supply Chain
4.5. Global Passenger Security Equipment Market Forecast
4.5.1. Passenger Security Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Passenger Security Equipment Market Size (000 Units) and Y-o-Y Growth
4.5.3. Passenger Security Equipment Market Absolute $ Opportunity
5. Global Passenger Security Equipment Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Passenger Security Equipment Market Size and Volume Forecast by Type
5.3.1. Baggage Inspection System
5.3.2. Explosive Detection System
5.3.3. Video Surveillance
5.3.4. Intrusion Detection and Prevention System
5.3.5. Fire Safety & Detection System
5.3.6. People Screening Systems
5.3.7. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Passenger Security Equipment Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Passenger Security Equipment Market Size and Volume Forecast by Application
6.3.1. Airports
6.3.2. Train Stations
6.3.3. Bus Stations
6.3.4. Seaports
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Passenger Security Equipment Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Passenger Security Equipment Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Passenger Security Equipment Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Passenger Security Equipment Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Passenger Security Equipment Demand Share Forecast, 2019-2026
9. North America Passenger Security Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Passenger Security Equipment Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Passenger Security Equipment Market Size and Volume Forecast by Application
9.4.1. Airports
9.4.2. Train Stations
9.4.3. Bus Stations
9.4.4. Seaports
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Passenger Security Equipment Market Size and Volume Forecast by Type
9.7.1. Baggage Inspection System
9.7.2. Explosive Detection System
9.7.3. Video Surveillance
9.7.4. Intrusion Detection and Prevention System
9.7.5. Fire Safety & Detection System
9.7.6. People Screening Systems
9.7.7. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Passenger Security Equipment Demand Share Forecast, 2019-2026
10. Latin America Passenger Security Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Passenger Security Equipment Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Passenger Security Equipment Market Size and Volume Forecast by Application
10.4.1. Airports
10.4.2. Train Stations
10.4.3. Bus Stations
10.4.4. Seaports
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Passenger Security Equipment Market Size and Volume Forecast by Type
10.7.1. Baggage Inspection System
10.7.2. Explosive Detection System
10.7.3. Video Surveillance
10.7.4. Intrusion Detection and Prevention System
10.7.5. Fire Safety & Detection System
10.7.6. People Screening Systems
10.7.7. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Passenger Security Equipment Demand Share Forecast, 2019-2026
11. Europe Passenger Security Equipment Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Passenger Security Equipment Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Passenger Security Equipment Market Size and Volume Forecast by Application
11.4.1. Airports
11.4.2. Train Stations
11.4.3. Bus Stations
11.4.4. Seaports
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Passenger Security Equipment Market Size and Volume Forecast by Type
11.7.1. Baggage Inspection System
11.7.2. Explosive Detection System
117.3. Video Surveillance
11.7.4. Intrusion Detection and Prevention System
11.7.5. Fire Safety & Detection System
11.7.6. People Screening Systems
11.7.7. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Passenger Security Equipment Demand Share, 2019-2026
12. Asia Pacific Passenger Security Equipment Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Passenger Security Equipment Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Passenger Security Equipment Market Size and Volume Forecast by Application
12.4.1. Airports
12.4.2. Train Stations
12.4.3. Bus Stations
12.4.4. Seaports
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Passenger Security Equipment Market Size and Volume Forecast by Type
12.7.1. Baggage Inspection System
12.7.2. Explosive Detection System
12.7.3. Video Surveillance
12.7.4. Intrusion Detection and Prevention System
12.7.5. Fire Safety & Detection System
12.7.6. People Screening Systems
12.7.7. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Passenger Security Equipment Demand Share, 2019-2026
13. Middle East & Africa Passenger Security Equipment Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Passenger Security Equipment Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Passenger Security Equipment Market Size and Volume Forecast by Application
13.4.1. Airports
13.4.2. Train Stations
13.4.3. Bus Stations
13.4.4. Seaports
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Passenger Security Equipment Market Size and Volume Forecast by Type
13.7.1. Baggage Inspection System
13.7.2. Explosive Detection System
13.7.3. Video Surveillance
13.7.4. Intrusion Detection and Prevention System
13.7.5. Fire Safety & Detection System
13.7.6. People Screening Systems
13.7.7. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Passenger Security Equipment Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Passenger Security Equipment Market: Market Share Analysis
14.2. Passenger Security Equipment Distributors and Customers
14.3. Passenger Security Equipment Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Honeywell International
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Orbocomm
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. L-3 Communications
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Kapsch
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Siemens AG
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Rapiscan Systems
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Rockwell Collins
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Safran Group
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Raytheon Group
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Smiths Group
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Anixter
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Avigilon
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Harris
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. HID Global
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Lockheed Martin
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Northrop Grumman
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments<
