Share
Airport and Marine Port Security Market: By Infrastructure (Airport, Marine Port), By Services (Facility and Asset Management, System Integration, Training and Consulting), By Technology (Surveillance & Analytics Systems, Physical Access Control Systems, Screening and Scanning Systems, Perimeter Intrusion Detection System, Network Access Control and Security, Real-Time Location Systems), And Region - Global Analysis of Market Size, Share & Trends For 2021-2022 And Forecasts To 2032
[ 170 + Pages Research Report ] Airport and Marine Port Security Market to surpass USD 180.89 billion by 2031 from USD 79.51 billion in 2021 at a CAGR of 8.6% in the coming years, i.e., 2022-32.
Airport and Marine Port Security is very crucial for smooth business continuity and travel-related operations. Constant terror threats have forced authorities and government to implement strict regulations to maintain the security of ports. Security lapse can result in irreversible damages of both financial and human losses. Various security systems such as surveillance systems, screening & scanning systems, physical access control systems, perimeter intrusion detection system, real-time location systems, and network access control and security systems are installed by the authorities to ensure safety at the airport and marine ports.
Airport and Marine Port Security market is expected to project a notable CAGR of 8.6% in 2032.
Constant security & terror threats, government regulations, rising investments in infrastructure, and adoption of advanced monitoring and surveillance systems at airports and marine ports are driving the market growth.
Airport segment holds the largest market share
Airport and Marine Port Security market is classified on the basis of infrastructure into Airport, Marine Port. Airport segment is dominating the market with the largest market share. Airport security is a major concern globally owing to the high risks of air crashes and plane hijacking by various terror outfits. Airline industries are implementing and upgrading security systems to ensure the safety of passengers which is promoting the growth of Airport segment. Furthermore, Marine Port segment is anticipated to grow at a faster rate due to an increase in the international trade and business activities.
Surveillance & Analytics Systems segment holds the largest market share
Airport and Marine Port Security market is classified on the basis of technology into Surveillance & Analytics Systems, Physical Access Control Systems, Screening, and Scanning Systems, Perimeter Intrusion Detection System, Network Access Control and Security, Real-Time Location Systems. Surveillance & Analytics Systems hold the largest market share. Installation of several security cameras for video surveillance at airports and marine ports are contributing in the growth of the segment.
Constant Security & Terror Threats and Government Regulations
Airports and marine ports are important for maintaining smooth business and trade operations in a country. Import and export of various goods is carried out in large volumes at airports and marine ports which makes it crucial for the authorities to implement security solutions for sustainable business continuity. Illegal activities, security breaches, plane crashes and hijacking are some of the major concerns which have imposed a huge burden on airline industry to ensure security of passengers, employees and airport facilities. Airports and marine ports contribute to the growth of an economy and therefore government all over the world have implemented strict regulations to maintain security systems.
Rising Investments in Infrastructure and Advancement in Technologies
Emerging economies are increasing their investments in building transport infrastructure to facilitate the growing international trade and travel industry. Growing number of ports are leading to improvement of security parameters which is driving the market growth. Adoption of advanced monitoring and surveillance systems at airports and marine ports is further boosting the growth of Airport and Marine Port Security market.
Higher costs of upgradation of security systems
Higher costs needed for the upgradation of security systems and develop infrastructure is impeding market growth. Moreover, complexities in security breaches and lack of capital are also hampering the growth of Airport and Marine Port Security market.
Recent Developments
Airport and Marine Port Security market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Asia Pacific is projected to grow with the highest CAGR during the forecast period. The growth is attributed to the growing number of ports, implementation of advanced security systems to counter terror threats, growing international trade, and rising investments in security systems in the region. Presently, North America is dominating the market owing to the early implementation of advanced security and surveillance systems.
Covid-19 pandemic has adversely affected the economies all over the world. There has been a huge disruption in the procurement of raw materials and supply chain managements. Covid-19 has led to the shutdown of many industries globally. Many countries had to impose strict lockdown regulations to control the outbreak of coronavirus. Covid-19 had a negative impact on the Airport and Marine Port Security Market due to the sharp decline in international travel and international trade globally. However, Airport and Marine Port Security Market is expected to grow significantly in the post-pandemic world.
Airport and Marine Port Security is further segmented by region into:
Airport and Marine Port Security Segments:
| Report Attribute | Details |
| Market size value in 2021 | USD 79.51 billion |
| Revenue forecast in 2031 | USD 180.89 billion |
| Growth Rate | CAGR of 8.6% from 2022 to 2032 |
| Base year for estimation | 2021 |
| Quantitative units | Revenue in USD million and CAGR from 2022 to 2032 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Infrastructure, Services, Technology, and Region |
| Regional scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Key companies profiled | Bosch Security Systems, Tyco International Ltd., L-3 Communications Holdings Inc., Honeywell International, Inc., HCL Infosystems Limited, Unisys Corporation, Flir Systems, Inc., Raytheon, SAAB AB, Siemens AG, Huawei, Cisco Systems, Inc., BAE Systems, Smiths Detection, Moran Shipping Agencies Inc. and Other Prominent Players |
Airport and Marine Port Security market size was estimated at USD 79.51 billion in 2021 and is expected to reach USD 180.89 billion in 2031.
Airport and Marine Port Security is very important for the smooth business continuity and travel related operations. Constant terror threats have forced authorities and government to implement strict regulations to maintain the security of ports.
Airport, Training and Consulting, Surveillance & Analytics Systems segment accounted for the largest Mobile Analytics market share.
Key players: Bosch Security Systems, Tyco International Ltd., L-3 Communications Holdings Inc., Honeywell International, Inc., HCL Infosystems Limited, Unisys Corporation, Flir Systems, Inc., Raytheon, SAAB AB, Siemens AG, Huawei, Cisco Systems, Inc., BAE Systems, Smiths Detection, Moran Shipping Agencies Inc. and Other Prominent Players are the key players in the Airport and Marine Port Security market.
Constant Security & Terror Threats and Government Regulations and Rising Investments in Infrastructure and Advancement in Technologies are the factors driving the Airport and Marine Port Security market.
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