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13 Jun, 2016

Airport and Marine Port Security Market to double to US$110.5 billion by 2025 – Report

DUBLIN–(BUSINESS WIRE)–June 07, 2016 – Research and Markets has announced the addition of the “Airport and Marine Port Security Market by Security Technology, by Service (Facility and Asset Management, System Integration, Training and Consulting), by Infrastructure Type, by Region (NA, Europe, APAC, MEA, LA) – Global Forecast to 2025″ report to their offering.

The airport and marine port security market size is estimated to grow from USD 53.84 Billion in 2016 to USD 110.52 Billion by 2025

Among the modes of transportation, airways and seaways are used most frequently; hence, port security becomes extremely vital and should be taken into consideration by the authorities and governments of all countries across regions. Port infrastructure, as well as its users, requires different security technology and services that cater to different security needs.

Various airport and marine port security technology systems deployed include surveillance systems, physical access control, screening and scanning, perimeter intrusion detection system, and network access.

The scope of this report covers the airport and marine port security market by security technology, service, infrastructure type, and region. The surveillance systems are expected to dominate the market, contributing the largest market share during the forecast period. The network access control and security system is estimated to grow at the highest rate during the forecast period.

The market is also projected to witness growth in the screening and scanning, and perimeter intrusion detection systems during the forecast period. Network access control and security is expected to play a key role in the market and is expected to grow at the highest CAGR in the next 10 years.

The facility and asset management services segment is expected to dominate the market in terms of market size. However, training and consulting services is expected to grow with the highest CAGR in the next 10 years.

APAC is expected to have the largest market share and would dominate the market during the forecast period. The market in APAC offers potential growth opportunities for the market. APAC and MEA markets are investing heavily on airport and marine port security technology to increase their security infrastructure in order to tackle terrorist attacks. The region is also increasingly outsourcing its network infrastructure security as it may not be in a position to handle complex and multiple threats.

The continuously growing sophistication of threats is a major restraint to the growth of the market as it makes it difficult for authorities to tackle the evolving threat landscapes. A large number of ports still rely on old technology for securing their perimeter, mainly due to the lack of awareness and shortage of funds. This can act as major factor restraining the growth of the airport and marine port security market.

There are several established players in this market such as HCL Infosystems (India), Saab AB (Sweden), FLIR Systems (U.S.), Honeywell International (U.S.), Siemens (Germany), Raytheon (U.S.), and others.