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AIRPORT SECURITY EQUIPMENT

Global Market Trajectory & Analytics

MCP-1538

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  •  DATE

    JULY 2020

  •  TABLES

    69

  •  PAGES

    181

  •  EDITION

    19

  •  PRICE

    USD $5600

COVID-19 IMPACT SURVEY
Amid the COVID-19 crisis, the global market for Airport Security Equipment estimated at US$11.5 Billion in the year 2020, is projected to reach a revised size of US$15.6 Billion by 2027, growing at a CAGR of 4.4% over the analysis period 2020-2027.Explosives Detection, one of the segments analyzed in the report, is projected to grow at a 5.1% CAGR to reach US$5.3 Billion by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the X-Ray & Infrared Equipment segment is readjusted to a revised 4.2% CAGR for the next 7-year period. This segment currently accounts for a 24.7% share of the global Airport Security Equipment market.
The Airport Security Equipment market in the U.S. is estimated at US$3.4 Billion in the year 2020. The country currently accounts for a 29.45% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$2.8 Billion in the year 2027 trailing a CAGR of 4.1% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 3.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR while Rest of European market (as defined in the study) will reach US$2.8 Billion by the year 2027.
In the global Perimeter & Access Control segment, USA, Canada, Japan, China and Europe will drive the 4.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.3 Billion in the year 2020 will reach a projected size of US$1.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.8 Billion by the year 2027.We bring years of research experience to this 19th edition of our report. The 181-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others, Analogic Corporation; Autoclear, LLC; Axis Communications AB.; Ayonix Corporation; Bertel O. Steen Airport Solutions AS; Brijot Imaging Systems; C.E.I.A. S.p.A.; Gilardoni S.p.A.; Honeywell International, Inc.; IDEMIA; Johnson Controls International PLC; L3 Security & Detection Systems; Mistral Security Inc.; Nuctech Company Limited; OSI Systems, Inc.; OSSI; RedXDefense; RESA AIRPORT DATA SYSTEMS; Robert Bosch LLC; Rockwell Collins; Siemens AG; SITA; Smiths Detection Watford Ltd.; Thruvision Ltd.; Vanderlande Industries B.V.; Westminster International Ltd.
» Type (Explosives Detection, X-Ray & Infrared Equipment, Perimeter & Access Control, Video Surveillance, Biometrics Equipment, Metal Detectors, Other Types)
» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » and Rest of Europe » Asia-Pacific » Rest of World

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