Sellbyville, DE -- (SBWIRE) -- 10/25/2018 -- Airport Security Market size is expected to reach USD 16 billion by 2024. Rising instances of smuggling and terrorist activities across the globe are driving the airport security market growth. Additional security measures are increasingly being adopted to monitor the safety of passengers related to terror attacks, theft issues, and other inconveniences. Security checks at the airport terminals provide the detection of unethical and suspicious activities that could lead to attacks and blasts at airfields. Various economies worldwide are implementing efficient security policies for achieving cost benefits from the safety systems, thereby contributing to the airport security market growth.

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Growing trend of automated document authentication at smart & advanced airports coupled with reduced processing time at terminal checkpoints is expected to drive the airport security market. These systems further enhance the safety parameters by deploying multiple scanners and screens for reading & assessing conventional, contactless, and printed boarding passes. For instance, in May 2015, Abu Dhabi Airports installed the advanced boarding system called as Airport iValidate to increase the security and accelerate passenger processing along with reducing the waiting time by automatic verification of their boarding passes. The system ensures checking & managing duplicate data and cross verification of the documents, driving the airport security market.

Cyber safety technology is expected to dominate the airport security market over the forecast timeline. It can be credited to the benefits such as safety risk assessment, enhanced system design, and effective operations. The technology enables developing processes and framework to monitor, implement, and manage the safety operations. Airfields are susceptible to cyber attacks due to the growing implementation of IoT, big data, and cloud computing technologies that can be controlled using the cyber safety systems. Cyber resilience capacities are enhanced at the airfields to lessen sophisticated attacks and establish the assessment methods to overcome the threat issues.

Increasing airport construction and upgrading activities in the Asia Pacific region are driving the airport security market growth. The rise of aviation traffic in India, China, and Singapore owing to the increase in tourism and business operations creates the need for highly advanced security systems. The liberalization of the Asian market along with the increased spending capacity of the middle-class section in emerging economies is propelling the consumption of the security systems. The development of several mega airport hubs in the region including Beijing Daxing International Airport, Al Maktoum International Airport, and Hong Kong International Airport requiring the safety systems is driving the industry demand.

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Players operating in the airport security market include Fisher Research Laboratory, Bosch Security Systems, IBM Corporation, Thales Group, Siemens AG, Auto Clear LLC, Smiths Detection LLC, G4S PLC, Hitachi Ltd., and RedXDefense LLC. Several companies in the airport security market are focusing on developing technically-advanced safety systems and integrated devices to ensure airfield stringent security. For instance, in March 2017, IBM Corporation announced the launch of its IBM Intelligent Video Analytics to strengthen the transportation and travel security at various airports, hotels, and logistic & freight companies.

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