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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Passenger Security Market Outlook
The global passenger security market attained a value of USD 6.10 billion in 2023. The passenger security market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 7.10% to reach USD 11.32 billion by 2032.
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The industry is likely to be propelled by the increased demand for cybersecurity solutions, improved technology, and the rising passenger traffic.
Properties and Applications
Passenger safety plays a crucial role in any nation’s transportation policy and organisations concentrate on improving service quality and safety from threats, including cybersecurity.
Based on the equipment type, the passenger security market can be divided into:
- Baggage Inspection System
- Explosive Detection System
- Video Surveillance System
- Intrusion Detection and Prevention Systems
- Fire Safety and Detection System
- People Screening Systems
- Others
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The passenger security market can be broadly categorised based on its end-use into:
- Airports
- Train Stations
- Bus Stations
- Seaports
- Others
The EMR report looks into the regional passenger security markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
Market Analysis
Some of the major drivers propelling the passenger security market growth include the rising technological advancements for scanners and baggage control systems, the increasing demand for expanding airports and seaports, and the recent technological advancements in passenger safety. The rising risk of cybersecurity can impede the passenger security market growth in the coming years.
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During the planned timeframe, passenger safety will be driven by the commercial airport segment. The increasing traffic in air passengers drives the growth in the aviation industry, resulting in the development of existing airports and the construction of new airports. The rising demand for security systems at the airport is fuelling the passenger security market growth.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global passenger security market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Adani Systems Inc.
- Advanced Perimeter Systems Limited
- Autoclear LLC
- Axis Communications AB
- Bosch Sicherheitssysteme GmbH
- L3Harris Technologies, Inc.
- C.E.I.A. S.p.A.
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Equipment Type |
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| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global passenger security market attained a value of nearly USD 6.10 billion.
The market is projected to grow at a CAGR of 7.10% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 11.32 billion by 2032.
The major drivers of the market are increased demand for cybersecurity solutions and growing passenger traffic.
The key trends guiding the growth of the market include the growth of the aviation industry and advancements in technology.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading equipment types of passenger security in the market are baggage inspection system, explosive detection system, video surveillance system, intrusion detection and prevention systems, fire safety and detection system, and people screening systems, among others.
The major end uses of passenger security in the market are airports, train stations, bus stations, and seaports, among others.
The major players in the global passenger security market are Adani Systems Inc., Advanced Perimeter Systems Limited, Autoclear LLC, Axis Communications AB, Bosch Sicherheitssysteme GmbH, L3Harris Technologies, Inc., and C.E.I.A. S.p.A., among others.
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