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Airport Security Market Share, Application,Growth,
Segmentation, Research and Forecasts to 2024 | Hexa Research
“ Airport Security Market worth 13.4 billion by 2024.”
17 December 2018
The worldwide airport security market was valued over USD 8.4 billion in 2015. It is expected to be around USD 13.4
billion by 2024 (2016 to 2024 - forecast period). Increase in air travel should drive the need for well-organized security
systems. These systems comprise software for better monitoring, detection, & risk prevention. Terrorism and crimes
have encouraged worldwide governments to make airport security stricter and keep the same a higher priority.
Diverse & innovative solutions and technological advances have driven the airport security market. Augmented demand
for more effective screening to decrease ‘passenger’ hassles & enhance safety is also anticipated to propel market
growth in the near future. New infrastructural developments & airport constructions provide growth prospects to the
market.
Governmental mandates have driven innovative safety systems, thus propelling market revenues. Conversely,
‘economic turmoil’ leading to deficiency in funds for new developments & constructions can hinder the
market. Also, the up gradation of old airports is likely to hamper market flow. High costs of new technologies
may prevent market growth.
Suppliers and distributors execute a pivotal role in procuring small products; like access controls, CCTV
cameras, and hand-held devices. Large-size equipments, such as road-blockers or bollards, x-ray scanners,
and detectors are obtained directly from vendors on lease or purchase orders. The airport security market is
divided into technologies and geographies.
Browse Details of Report @ https://www.hexaresearch.com/research-report/airport-security-market
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