Passenger Security Market - Trends Forecast Till 2028

Market Overview

The global Passenger Security Market size is projected to reach a CAGR of 5.6% from 2022-2028.

Passenger security refers to the strategies and systems utilized to ensure safety and security of passengers from wrongdoing; unintentional, noxious disruption; and dangers to voyagers, teams, aircrafts, ships, and other transportation modes/stations. In addition, passenger security equipment is used to provide protection to passengers from crimes, accidental harm, and other threats.

Increasing demand for cybersecurity solutions, upgraded technology, and an increase in passenger traffic are some of the factors that have supported long-term expansion for Global Passenger Security Market.

Throughout the COVID-19 outbreak, the priority of governments has been to minimize the risk of infection during the passenger journey, implementing measures that include maintaining physical distance between passengers, low contact passenger touchpoints, and reducing face-to-face interaction as much as possible.

Regional Analysis

The increasing number of passengers majorly drives market growth in the Asia Pacific region. Changing demographics and increase in disposable income in the region is driving the demand for air travel, which has led to the increase in new airport developments and expansion of existing airports, resulting in the need for new passenger security systems in the region.

Insights are provided for each region and major countries within the regions

Competitive Landscape

Key Players

• Adani Systems Inc.
• Advanced Perimeter Systems Ltd.
• ATMLAX
• Autoclear, LLC.
• Axis Communications AB.
• Bosch Sicherheitssysteme GmbH
• C.E.I.A. SPA
• Flir Systems, Inc.
• Honeywell International Inc.
• L3 Security & Detection Systems

Recent Developments

• In April 2019, Axis Communications launched a new multidirectional, four-channel camera with Quad HD resolution per channel capable of recording at 30 frames per second. The camera is useful for perimeter security.
• In April 2019, Rapiscan Systems launched its new product, the MP100 Portable Radiation Detection System, which is a lightweight, high-performance system used to detect the presence of radiological and nuclear materials.

Reasons to Acquire

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• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope