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Geographies consist of North America , Latin America , Europe , Asia Pacific , and Middle East & Africa ( MEA ). North America dominated the market in the recent past . Middle East and Asia Pacific are predicted to contribute global market sales . Regional expansion owes to rising infrastructural developments and passenger volumes .
Threats to the aviation industry from criminals and extremist groups have emphasized the need for improved , well-maintained , and advanced security systems . In late 2013 , the ‘ International Air Transport Association ’ ( IATA ) and ‘ American Concrete Institute ’ ( ACI ) jointly signed a memorandum to develop ‘ Smart Security ’ or ‘ Smart S .’
‘ Smart S ’ was an initiative focused on enhancing the efficiency , safety , and experience of airport passengers . The global airport security market is consolidated , fragmented , diversified , and competitive . Some of its key players are American Science & Engineering , L-3 Security & Detection , Safran Morpho , and Smiths Detection .
American Science & Engineering generated about 50 % of the total incomes in 2014 . Collaborations and agreements are the frequent strategies through which competitors try to gain an edge over others .
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