Global Airport and Marine Port Security Market Anticipated to Reach $117.65 Billion by 2027
Airport And Marine Port Security Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032
The Business Research Company’s Airport And Marine Port Security Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032
LONDON, GREATER LONDON, UK, November 16, 2023 /EINPresswire.com/ -- The global airport and marine port security market, currently valued at $78.18 billion in 2022, is projected to reach $85.05 billion in 2023, exhibiting a noteworthy Compound Annual Growth Rate (CAGR) of 8.8%. Despite the short-term disruptions caused by the Russia-Ukraine conflict on global economic recovery from the COVID-19 pandemic, the market is expected to grow significantly, reaching an estimated valuation of $117.65 billion by 2027. This growth will be driven by the escalating internal and external threats, compelling the need for robust security measures in airport and marine port facilities.
Factors Driving Market Expansion
The rise in internal and external threats, including attacks from both inside and outside organizations, has become a critical driving force for the airport and marine port security market. These security measures provide protection against such threats, ensuring the safety of airport and marine port operations. For instance, according to the Transported Asset Protection Association (TAPA) 2021 report, which is a US-based non-profit organization, documented a substantial number of cargo threats or attacks across various regions in 2020, emphasizing the pressing need for enhanced security systems in the aviation and marine sectors.
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Key Players and Technological Advancements
Key players such as Tyco International Ltd., L-3 Communications Holdings Inc., and Honeywell International Inc. are actively engaged in the airport and marine port security market, focusing on technological advancements to reinforce their market presence. Notably, the introduction of new technological solutions, including facial recognition technology by the Transportation Security Administration (TSA) in March 2022, at the Los Angeles International Airport (LAX), represents a significant trend in the market. This technology enhances safety and streamlines the visitor experience by utilizing next-generation Credential Authentication Technology (CAT) units for efficient identity verification at security checkpoints.
Airport And Marine Port Security Segments:
• Technology: Surveillance Systems, Physical Access Control Systems, Screening and Scanning Systems, Perimeter Intrusion Detection System, Network Access Control and Security, Real-Time Location Systems
• Services: Facility and Asset Management, System Integration, Training and Consulting
• Infrastructure: Airport, Marine port
Geographical Insights: North America Leading Market Growth
In 2022, North America stood as the largest region in the airport and marine port security market and is expected to maintain its leading position in the forecast period. The comprehensive report provides detailed insights into regional dynamics, market trends, and growth opportunities.
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Airport And Marine Port Security Global Market Report 2023 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Airport And Marine Port Security Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on airport and marine port security market size, airport and marine port security market drivers and trends, airport and marine port security market major players, airport and marine port security market competitors' revenues, air and marine operations security market positioning, and airport and marine port security market growth across geographies. The airport and marine port security market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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