Passenger Security Market: Introduction

  • 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.
  • 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. This is expected to accelerate the passenger security market. In addition, transportation security administration of developed and developing countries are adopting continuous security operations during the COVID-19 pandemic, so as to provide information and resources to assist passengers who travel during this time. This in turn is expected to boost the growth of the passenger security market across the globe.
passenger security market size and forecast

Global Passenger Security Market: Market Dynamics

  • Rising investment in procurement activities and government funding for airports, seaports, and railway stations in developed and developing countries across the world due to increasing passenger traffic is anticipated to propel the growth of the global passenger security market.
  • Growing adoption of advanced technologies that includes artificial intelligence, data analytics, blockchain, and biometrics, in order to provide superior security to passengers is expected to fuel the growth of the market.
  • Replacement of outdated security screening equipment across airports, railway stations, and bus stations is expected to boost the growth of the global passenger security market.
  • Increasing incidences of terrorism and suspicious activities across the globe is also expected to drive the growth of the market.
  • However, rising security threats and cyber-attacks can restrain the growth of the passenger security market.

North America to Account for Major Share of the Global Passenger Security Market

  • On the basis of region, the global passenger security market can be divided into North America, South America, Europe, Asia Pacific, and Middle East & Africa.
  • North America is anticipated to lead the global passenger security market, due to expenditure on passenger security equipment by governments in the U.S and Canada. This factor accelerates the growth of the passenger security market in the North America region.
  • Europe is anticipated to be a growing market for passenger security and is projected to experience high CAGR during the forecast period, due to growth in terrorism and illegal and unethical activities at airports, bus stands, train stations, and seaports in the region.
  • The passenger security market in Asia Pacific is expected to hold significant share due to moving demographics and rise in disposable income in developing countries such as India and China. Besides, rising demand for air transportation has led to new airport expansion and growth of existing airports, which in turn is expected to trigger the growth of the market across Asia Pacific.
passenger security market region analysis

Global Passenger Security Market: Competitive Landscape

Key Players Operating in the Global Passenger Security Market

Companies operating in the passenger security market are increasingly investing in research and development to develop new and innovative techniques to provide passenger security solutions and services. The passenger security market is highly fragmented with the presence of numerous manufacturers in both developed and developing regions. Key players operating in the global passenger security market include:

  • 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
  • Navtech Radar
  • Rapiscan Systems
  • Sensurity Ltd.
  • Siemens AG
  • Smiths Detection Group Ltd.
passenger security market competition landscape

Global Passenger Security Market: Research Scope

Global Passenger Security Market Segmentation, by Security Solution

  • Baggage Inspection Systems
  • Bar-coded Boarding Systems
  • Access Control/Biometric Systems
  • Perimeter Intrusion Detection Systems
  • Full-body Scanners
  • Walk-through Metal Detectors
  • Hand-held Scanners
  • Explosive Trace Detectors

Global Passenger Security Market Segmentation, by End-user

  • Commercial Airports
  • Seaports
  • Bus Stations
  • Railway Stations

 Global Passenger Security Market Segmentation, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa
    • U.A.E.
    • Saudi Arabia
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

Alternative Keywords:

  • Passenger Security Solution
  • Airport security solutions

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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