Global Passenger Security Equipment Market By Transport Infrastructure (Airports, Train Stations, Bus Stations, Seaports), Type (Baggage Inspection System, Explosive Detection System, Video Surveillance, Intrusion Detection and Prevention System, Fire Safety & Detection System, People Screening Systems, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa), Industry Trends and Forecast to 2027
Market Analysis and Insights: Global Passenger Security Equipment Market
Passenger security equipment market is expected to reach USD 99.53 billion by 2027 witnessing market growth at a CAGR of 8.87% in the forecast period of 2020 to 2027. Data Bridge Market Research report on passenger security equipment market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
The Major Players
The major players covered in the passenger security equipment market report are Honeywell International Inc., ORBCOMM, L3Harris Security & Detection Systems, Siemens, Rapiscan Systems, Collins Aerospace, Safran, Smiths Detection Group Ltd, o&i consulting, NUCTECH COMPANY LIMITED, The Infinova Group, SITA, Mantra Softech (India) Pvt. Ltd., Genetec Inc., Bosch Sicherheitssysteme GmbH among other domestic and global players. Market share and data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately
Through passenger safety devices, travellers are shielded from accidental injuries, assaults and other hazards. Some of the common types of the passenger security equipment are baggage inspection system, explosive detection system, fire safety & detection system, people screening system and others.
Government is making more investments on safety & security products & solutions which are expected to enhance the market demand. Some of the other factors such as increasing terrorism threats, rising safety & security concerns, growing demand for biometrics technologies and technological advancement are some of the factors which will enhance the demand for the passenger security equipment in the forecast period of 2020 to 2027.
High installation cost is expected to hamper the passenger security equipment market growth in the mentioned forecast period.
This passenger security equipment market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research passenger security equipment market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Passenger Security Equipment Market Scope and Market Size
Passenger security equipment market is segmented on the basis of transport infrastructure and type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of transport infrastructure, the passenger security equipment market is segmented into airports, train stations, bus stations and seaports.
- Type segment of the passenger security equipment market is segmented into baggage inspection system, explosive detection system, video surveillance, intrusion detection and prevention system, fire safety & detection system, people screening systems and others.
Passenger Security Equipment Market Country Level Analysis
Passenger security equipment market is analysed and market size, volume information is provided by transport infrastructure and type as referenced above.
The countries covered in the passenger security equipment market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America will dominate the passenger security equipment market in the forecast period of 2019 to 2026. This is due to increasing terrorist activities and rising spending by government on passenger security investment is expected to enhance the demand for passenger security equipment in the region.
The country section of the passenger security equipment market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Passenger Security Equipment Market Share Analysis
Passenger security equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to passenger security equipment market.
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Customization Available : Global Passenger Security Equipment Market
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