Passenger Security Market

Passenger Security Market size reached USD 5.8 billion in 2022 and is estimated to reach USD 10.0 billion in 2030 and the market is estimated to grow at a CAGR of 7.1% from 2023-2030

Passenger Security Market Overview

Passenger’s security plays a vital role in the daily operation of various end-user sectors such as airports, railways stations, and seaports. The transportation policy of every country is concentrating on enhancing safety and quality of services from threats. The passenger security employs to the techniques and methods used to protect staff, passengers, and assets from various threats such as crime, accidents or malicious harm, and injuries.

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Passenger Security Market Key Drivers

The major factors which are driving the growth of the Global Passenger Security market include the rising global air passenger traffic, growing demand for cybersecurity solutions, and the continuous upgradation in technology. The increasing tourism across the world is increasing the demand for safety and security solutions to safeguard passengers, thereby boosting the demand for passenger security market at the global level. Due to increase in terrorism activities, the passenger security has become the biggest priority, which in turn, is encouraging the end-users to adopt passenger security systems for better safety and security of the passengers.

The increasing replacement of antiquate security screening equipment, and growing development of new airports across the globe will further drive the demand of the market. The governments across the globe are heavily investing on the security and safety products and services due to increasing safety and security concern worldwide. This has led to rise in the demand for passenger security market. Moreover, the increasing adoption of artificial intelligence, and statistics analytics for cybersecurity software is boosting the growth of the market during the forecast period. However, the high cost of the passenger security systems is restraining the growth of the market.

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Based on the security solution, the access control/biometric systems segment is expected to grow at a higher CAGR during the forecast period owing to the growing acceptance of automated self-kiosk for processing several passenger boarding protocols.

Based on the End-User, the commercial airports segment is projected to grow at a higher CAGR in the market during the forecast period owing to the increasing passenger traffic across the world driven by the expansion of existing airports and development of new airports across the globe. For instance, according to Center of Aviation, the global airport investment in 2018 was estimated to be around 81.9 million in which around 23 million were accounted for new airports and 58.8 million for existing airports development.

Based on the investment type, the new demand segment is expected to grow at a higher CAGR during the forecast period due to the enhancement in the technology for baggage & passenger scanning, development of new seaports, airports, and railway station and expansion of existing seaports and airports.

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Regional – Segment Analysis

Based on the region, Asia-pacific is anticipated to lead the global Passenger Security market during the forecast period owing to the rising number of passengers, changing demographics, and increasing disposable income. For instance, according to International Air Transport Association (IATA), China is expected to reach 1.6 billion passenger from 2017 to 2037 including of 1 billion of new passengers.

Top Market Players

The major key players in the market include Adani Systems Inc., Axis Communications AB., Honeywell International Inc., Advanced Perimeter Systems Ltd., C.E.I.A. SPA , Bosch Sicherheitssysteme GmbH, Autoclear, LLC, Flir Systems, Inc., L3 Security & Detection Systems, Rapiscan Systems, Navtech Radar, Siemens AG among others.

Key Developments:

• • In Apr 2019, Axis Communication launched a multi-directional, four-channel camera with 30 fps frame rate and Quad HD resolution per channel.

Segments covered in the Report:

The Global Passenger Security market has been segmented based on the Security Solution, End-Users, Investment Type and key region. Based on Security Solution, the market is segmented into Baggage Inspection Systems, Explosive Trace Detectors, Hand-Held Scanners, Walk-through Metal Detectors, Full-Body Scanners, Perimeters Intrusion Detection Systems, Video Management Systems, Access Controls/Biometric Systems, Bar-Coded Boarding Systems, and Cybersecurity Solutions. The Baggage Inspection is further segmented into Computed Tomography, and X-ray Scanner. Based on End-User, the market is segmented into Commercial Airports Seaports, and Railway Stations. Airport is further segmented into Large Hubs (Above 9.5 Million), Medium Hub (2.5-9.5 Million), and Small Hub (Less Than 2.5 Million).Based on Investment Type, the market is segmented into New Demand and Replacement.

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Report Coverage	Details
Market Revenues (2022)	USD 5.8 billion
Market Base Year	2022
Market Forecast Period	2023-2030
Base Year & Forecast Units	Value (USD Million)
Market Segment	By Security Solution, By End-User, By Investment Type, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Adani Systems Inc., Axis Communications AB., Honeywell International Inc., Advanced Perimeter Systems Ltd., C.E.I.A. SPA, Bosch Sicherheitssysteme GmbH, Autoclear, LLC, Flir Systems, Inc., L3 Security & Detection Systems, Rapiscan Systems, Navtech Radar, Siemens AG, among others: a total of 12 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Passenger Security Market by Security Solution

• • Baggage Inspection Systems
    • Computed Tomography
    • X-ray Scanner
  • Explosive Trace Detectors
  • Hand-Held Scanners
  • Walk-through Metal Detectors
  • Full-Body Scanners
  • Perimeters Intrusion Detection Systems
  • Video Management Systems
  • Access Controls/Biometric Systems
  • Bar-Coded Boarding Systems
  • Cybersecurity Solutions

Global Passenger Security Market by End-User

• • Commercial Airports
    • Large Hubs (Above 9.5 Million)
    • Medium Hub (2.5-9.5 Million)
    • Small Hub (Less Than 2.5 Million)
  • Seaports
  • Railway Stations

Global Passenger Security Market by Investment Type

• • New Demand
  • Replacement

Global Passenger Security Market by Region

• • North America Passenger Security Market Option 1: As a part of the free 25% customization

    • By Security Solution
    • By End-User
    • By Investment Type
    • United States of America (US) All-Up Passenger Security Market
    • Canada All-Up Passenger Security Market

  • Europe Passenger Security Market Option 2: As a part of the free 25% customization

    • By Security Solution
    • By End-User
    • By Investment Type
    • United Kingdom (UK) All-Up Passenger Security Market
    • Germany All-Up Passenger Security Market
    • France All-Up Passenger Security Market
    • Spain All-Up Passenger Security Market
    • Rest of Europe All-Up Passenger Security Market

  • Asia-Pacific Passenger Security Market Option 3: As a part of the free 25% customization

    • By Security Solution
    • By End-User
    • By Investment Type
    • China All-Up Passenger Security Market
    • India All-Up Passenger Security Market
    • Japan All-Up Passenger Security Market
    • Rest of APAC All-Up Passenger Security Market

  • ROW Passenger Security Market Option 4: As a part of the free 25% customization

    • By Security Solution
    • By End-User
    • By Investment Type
    • Brazil All-Up Passenger Security Market
    • South Africa All-Up Passenger Security Market
    • Saudi Arabia All-Up Passenger Security Market
    • UAE All-Up Passenger Security Market
    • Rest of world (remaining countries of the LAMEA region) All-Up Passenger Security Market

Global Passenger Security Market Players (Option 5: As a part of the free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Adani Systems Inc.
  • Axis Communications AB.
  • Honeywell International Inc.
  • Advanced Perimeter Systems Ltd.
  • C.E.I.A. SPA
  • Bosch Sicherheitssysteme GmbH
  • Autoclear, LLC
  • Flir Systems, Inc.
  • L3 Security & Detection Systems
  • Rapiscan Systems
  • Navtech Radar
  • Siemens AG