The new report by Expert Market Research titled, Global Passenger Security Market Price, Share, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2023-2028, gives an in-depth analysis of the Global Passenger Security Market, assessing the market based on its segments like equipment type, end-use and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/passenger-security-market/requestsample
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): USD 5 billion
- Forecast CAGR (2023-2028): 7%
- Forecast Market Size (2028): USD 31.5 billion
Globally, growth in the global passenger security market will be driven by improved technology, cybersecurity solutions and the rising passenger traffic. The Asia Pacific region’s market is primarily driven by an increase in the number of passengers. Changing demographics and rising disposable income in the region are boosting demand for air travel, leading in a rise in new airport constructions and expansions, necessitating the installation of new passenger security systems throughout the region.
Industry Definition and Major Segments
Passenger security refers to the tactics and mechanisms in place to protect passengers from wrongdoing, unintended, noxious interruption, and threats to voyagers, teams, planes, ships, and other modes/stations of transportation. Furthermore, passenger security equipment is utilized to safeguard passengers from crimes, accidents, and other risks.
On the basis of equipment type, the market is divided into:
- Baggage Inspection System
- Explosive Detection System
- Video Surveillance System
- Intrusion Detection and Prevention Systems
- Fire Safety and Detection System
- People Screening Systems
Based on the end-use, the market can be segmented into:
- Train Stations
- Bus Stations
The regional markets for global passenger security market include:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/passenger-security-market
The rising technology developments for scanners and baggage control systems, the increasing need for growing airports and seaports, and recent technical improvements in passenger safety are some of the primary forces fueling the passenger security market expansion. In the next years, the increased threat of cybersecurity might stymie the expansion of the passenger security sector.
Whereas during the COVID-19 outbreak, governments had made it a priority to reduce the risk of infection during passenger travel by enacting policies such as preserving physical space between passengers, creating low-contact passenger touchpoints, and minimizing face-to-face interaction as much as feasible.
Furthermore, throughout the COVID-19 pandemic, transportation security administrations in developed and developing nations are implementing continuous security operations in order to give information and resources to passengers traveling during this period. As a result, the passenger security industry is likely to increase at a faster rate.
Key Market Players
The major players in the market are Adani Systems Inc., Advanced Perimeter Systems Ltd., Autoclear, LLC., Axis Communications AB., Bosch Sicherheitssysteme GmbH, C.E.I.A. SPA, Honeywell International Inc. (NYSE: HON), L3 Security & Detection Systems, Navtech Radar, Sensurity Ltd. and others. The report covers the market shares, plant turnarounds, capacities, investments, expansions and mergers and acquisitions, among other latest developments of these market players.
Global Submersible Pump Market – https://www.marketwatch.com/press-release/global-submersible-pump-market-size-share-price-trends-analysis-key-players-report-forecast-2023-2028-emr-inc-2023-01-24?mod=search_headline
Global Agave Syrup Market – https://www.marketwatch.com/press-release/global-agave-syrup-market-size-share-price-trends-analysis-key-players-report-forecast-2023-2028-emr-inc-2023-01-24?mod=search_headline
Global Solar Carport Market – https://www.marketwatch.com/press-release/global-solar-carport-market-size-share-price-trends-analysis-key-players-report-forecast-2023-2028-emr-inc-2023-01-24?mod=search_headline
Global Ammonium Carbonate Market – https://www.marketwatch.com/press-release/global-ammonium-carbonate-market-size-share-price-trends-analysis-key-players-report-forecast-2023-2028-emr-inc-2023-01-24?mod=search_headline
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skillful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
Company Name: Claight Corporation
Contact Person: Sophia Grace, Corporate Sales Specialist – U.S.A.
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA