Global Passenger Security Equipment Market, By Transport Infrastructure (Airports, Train Stations, Bus Stations, Seaports), Type (Baggage Inspection System, Explosive Detection System, Video Surveillance, Intrusion Detection and Prevention System, Fire Safety & Detection System, People Screening Systems, Others) Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights Global Passenger Security Equipment Market
Data Bridge Market Research analyses that the passenger security equipment market will exhibit a CAGR of 8.95% for the forecast period of 2022-2022 and is expected to reach the market value of USD 118.14 billion by 2029.
Through passenger security equipment, Travellers are protected from accidental injuries, assaults, and different hazards. Some of the common type of passenger security equipment are baggage scrutiny systems, explosive detection systems, hearth safety & detection system, individuals screening system, and others.
The rising government investment in safety & security products & solutions is the major factor accelerating the growth of the passenger security equipment market. Furthermore, increasing terrorism threats, rising safety & security concerns, growing demand for biometrics technologies and technological advancement are also expected to drive the growth of the passenger security equipment market. However, high installation price and need manual of man power to operate will restrains the passenger security equipment market, whereas, criminals creating new ways to dodge these machines will challenge market growth.
In addition, newer technologies for scanning and screening will create ample opportunities for the passenger security equipment market.
This passenger security equipment market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on passenger security equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Passenger Security Equipment Market Scope and Market Size
The passenger security equipment market is segmented on the basis of transport infrastructure and type. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of transport infrastructure, the passenger security equipment market is segmented into airports, train stations, bus stations and seaports.
- Type segment of the passenger security equipment market is segmented into baggage inspection system, explosive detection system, video surveillance, intrusion detection and prevention system, fire safety & detection system, people screening systems and others.
Passenger Security Equipment Market Country Level Analysis
The passenger security equipment market is analysed and market size, volume information is provided by country, transport infrastructure and type as referenced above.
The countries covered in the passenger security equipment market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the passenger security equipment market and will continue to flourish its trend of dominance during the forecast period due to increasing terrorist activities and rising spending by government on passenger security investment. Asia-Pacific will however, register the highest CAGR for this period due to the growing population and tourism in this region.
The country section of the passenger security equipment market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Passenger Security Equipment Market Share Analysis
The passenger security equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points are only related to the companies’ focus on the passenger security equipment market.
The major players operating in the passenger security equipment market report are Honeywell International Inc., ORBCOMM, L3Harris Security & Detection Systems, Siemens, Rapiscan Systems, Collins Aerospace, Safran, Smiths Detection Group Ltd, o&i consulting, NUCTECH COMPANY LIMITED, The Infinova Group, SITA, Mantra Softech (India) Pvt. Ltd., Genetec Inc., Bosch Sicherheitssysteme GmbH among other.
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