Global Seaport and Airport Security Systems Market 2017-2021

Overview of the global seaport and airport security systems market

Improved connectivity among regions and growing preference for air travel is influencing the growing number of passenger footfalls in airports and sea transport. Technavio’s market study identifies the increasing security breaches at airports and seaports to be one of the primary growth factors for the seaport and airport security systems market. To prevent the scope of terrorist activities in airports and sea ports, authorities are focusing on strengthening the seaport and airport security systems. Our market analysts estimate that the market will grow steadily at a CAGR of greater than 8% by 2021.

Security system vendors are investing heavily in developing technologically upgraded products. These products are equipped with updated features to withstand the growing attacks. Vendors like FLIR Systems have launched new high-performance thermal and visibility. Also, Bosch Security Systems has developed new security systems with advanced features. The new innovations and product developments are identified to be one of the key trends contributing towards the growth of the seaport and airport security systems market.

Competitive landscape and key vendors

The seaport and airport security systems market is moderately fragmented owing to the presence of few key and regional vendors. Seaport and airport security systems compete intensely in terms of innovation and adoption of latest technology. Intense competition and M&A among the vendors in the market increases the entry barriers of new players to the port security systems market. Vendors are investing in R&D significantly to implement the latest technologies.

The leading vendors in the market are

• Bosch Group
• FLIR Systems
• Honeywell International
• Siemens

The other prominent vendors in the market are Saab, Tyco International, Raytheon, HCL Infosystems, L3 Technologies, and Unisys.

Segmentation by type and analysis of the seaport and airport security systems market

• Seaport
• Airport

Airport security systems primarily focus on passenger safety and overall airport operations apart from baggage and cargo theft. Rising incidences of airport attacks and plane hijacks have encouraged the authorities to implement initiatives to overcome such issues and strengthen the safety of the passengers and airline industry. These factors are influencing the growth of the port security systems market.

Segmentation by security type and analysis of the seaport and airport security systems market

• Video surveillance
• Screening
• Access control

Video surveillance are installed to constantly monitor the area and track the people entering and leaving the location. These systems can be viewed by authorized people and are connected to a recording device. Video surveillance prevents attacks by identifying unusual activities of people or objects, in addition to, determining the guilty individuals. Rising number of incidences that have been closed successfully due to the implementation of video surveillance cameras are contributing towards the growth of the port security systems market.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global seaport and airport security systems market?
• What are the key market trends impacting the growth of the global seaport and airport security systems market?
• What are the challenges to market growth?
• Who are the key vendors in the global seaport and airport security systems market?
• What are the market opportunities and threats faced by the vendors in the global seaport and airport security systems market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global seaport and airport security systems market?

Technavio also offers customization on reports based on specific client requirement.