Passenger Security Market to Exhibit 5.49% CAGR till 2027; Rising Upgradation of Pre-existing Systems to Boost Growth

The global passenger security market size is projected to reach USD 8.45 billion by 2027. It is likely to gain momentum from the increasing technological upgradation of the pre-existing systems in various countries to prevent any risk of threats revolving around the transport infrastructure. This information is published by Fortune Business Insights™ in a recent report, titled, “Passenger Security Market Size, Share and Covid-19 Impact Analysis, By Equipment (Baggage Inspection Systems, Explosive Trace Detectors, Hand-Held Scanners, Walk-Through Metal Detectors, Full-Body Scanners, Perimeter Intrusion Detection Systems, Video Management Systems, Access Control/Biometric Systems, Bar-Coded Boarding Systems, Cyber-Security Solution), By End-user (Airport, Seaport, Railway Station and others), and Regional Forecast, 2020- 2027.” As per the report, the market stood at USD 5.85 billion in 2019. However, it is likely to exhibit a CAGR of 5.49% during the forecast period between 2020 – 2027.

Rapiscan Systems Launches MP100 Portable Radiation Monitoring Detection System

In April 2019, Rapiscan Systems, a privately held company providing X-ray machines and walk-through metal detectors for screening cargo and airport luggage based in the U.S., unveiled its latest portable radiation monitoring detection system called MP100. It is available in multiple configurations, namely, MP100GNS, MP100GN, and MP100. This system is easy-to-use, high-performance, and lightweight monitoring systems. These are included in compact commercial backpacks. They are also developed to screen for nuclear and radiological threats with high sensitivity. Its battery can be changed within one minute and it possesses wireless data transmission.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/industry-reports/passenger-security-market-101821

Urgent Need for Passenger Security System to Curb Rising Traffic will Favor Growth

In the developing countries, such as India and China, the rising growth rate of passenger traffic is anticipated to augment the passenger security market growth in the coming years. Since the past few years, robust growth in the commercial aviation industry worldwide is resulting in the upsurging requirement of security measures at ports, railway stations, and airports. Several security authorities have increased the screening of travellers by using multiple machineries, such as metal detectors, full-body scanners, handheld scanner, and explosive detector system.

How Will Covid-19 Pandemic Affect the Passenger Security Industry?

• The aviation industry is already experiencing a financial fall owing to the lockdown practices worldwide.


• Reduction in inbound passenger flights in the Middle East, Asia Pacific, Europe, and North America.


• As per the International Air Transport Association (IATA), the year-on-year passenger revenue is set to lower by USD 252 billion by the end of 2020. Also, the global fleet is grounded for the moment.


• The operational costs of airline companies are projected to surge owing to the global crisis.


• The outbreak of coronavirus is also expected to affect the new airport construction contracts worldwide.

Key Players Engage in Installing Novel Products at Airports to Tighten Passenger Security

Several big, medium, and small enterprises are following the strategy of mergers and acquisitions, as well as introduction to innovative products for strengthening their positions. The rising number of terrorist activities is also propelling these companies in installing advanced technologies, such as facial recognition and biometrics at the airports.

Fortune Business Insights™ lists out the names of all the organizations present in the passenger screening system market. They are as follows:

• Smiths Detection Group Ltd. (The UK)


• Honeywell International Inc. (The US)


• Orbcomm (The US)


• L3 Security & Detection System (The US)


• Siemens AG (Germany)


• Rapiscan Systems (The US)


• Axis Communication AB (Sweden)


• Bosch Sicherheitssysteme GmbH (Germany)


• Autoclear LLC (The US)


• Nutech (China)

Notable Industry Developments-

• June 2019: IATA declared to support the deployment of Radio Frequency Identification (RFID) across the globe for baggage tracking. It would also put forward modern baggage messaging standards to accurately track baggage of traveller’s in real time. These steps would enable airline companies in preventing mishandling of luggage and recover bags of passengers.


• December 2018: Several U.S carriers, such as JetBlue and Delta invested huge sums in conducting trials of facial & fingerprints recognition technology. Heathrow airport in England deployed 36 self-service boarding gates that are biometric-enabled in Terminal 5. Changi Airport in Singapore installed biometric technology in Terminal 4 at all the key passenger points.   

Further Report Findings-

• North America generated USD 1.96 billion revenue in 2019 owing to the presence of several reputed passenger security system manufacturers in the U.S.


• Asia Pacific to remain in the second position backed by the increasing modernization of commercial airports in the developing countries, such as Indonesia, India, and China.


• Based on equipment type, the baggage inspection system segment is set to dominate in terms of passenger screening equipment market share stoked by their increasing usage in every airport to detect and restrict suspicious items, such as drugs, weapons, and other illegal items in the bags of passengers.

The global market can be segmented in the following way: