Global Passenger Security Systems Market (2020-2025) by Security Solutions, Investment type, End-user and Geography, IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis

Global Passenger Security Systems Market (2020-2025) by Security Solutions, Investment type, End-user and Geography, IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis

Introduction

The Global Passenger Security Systems Market is estimated to be USD 5.12 Bn in 2020 and is expected to reach USD 7.7 Bn by 2025, growing at a CAGR of 8.5%.

Market Dynamics

The passenger security systems market is anticipated to witness substantial growth on account of increasing focus of the government toward the safety of the passengers and growing instances of hijack and terrorist activities. Furthermore, the increasing global count of travellers and the need for smart safety solutions to accommodate the growing numbers effectively is likely to propel the market growth. On the other hand, increasing investments by the government for security and safety measures would offer lucrative opportunities for the key players operating in the passenger security systems market during the forecast period.

Market Segmentation

The Global Passenger Security Systems Market is segmented further based on Security Solutions, Investment type, End-user and Geography.

By Security solutions, the market is classified into Baggage Inspection Systems, Explosives 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 and Cyber security Solutions.

By Investment Type, the market is classified as New Demand and Replacement Demand.

By End User, the market is classified as Commercial Airports, Seaports and Railway Stations

By Geography, North America is projected to lead the market.

Recent Developments

1. In April 2019, Axis Communications launched a new multidirectional, four-channel camera with Quad HD resolution per channel capable of recording at 30 frames per second. The camera is useful for perimeter security.
2. In April 2019, Rapiscan Systems launched its new product, the MP100 Portable Radiation Detection System, which is a lightweight, high-performance system used to detect the presence of radiological and nuclear materials.
3. In April 2019, Sensurity Ltd. partnered with Genetic Security Management Platform to integrate their systems.

Company Profiles

Some of the companies covered in this report are C.E.I.A. SpA, FLIR Systems, Inc., Halma plc, Honeywell International Inc, L3 Technologies, Rapiscan Systems (OSI Systems), Sensurity LTD, Rapiscan Systems, Raytheon Group, Rockwell Collins, Safran Group, Siemens, SITA, Smiths Detection Group Ltd. etc.

IGR Competitive Quadrant

The report includes IGR Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

The report offers a comprehensive evaluation of the Global Passenger Security Systems Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
The report includes in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
The report also contains the competitive analysis using IGR Competitive Quadrant, Infogence’s proprietary competitive positioning tool.

Report Highlights:

A complete analysis of the market, including parent industry
Important market dynamics and trends
Market segmentation
Historical, current, and projected size of the market based on value and volume
Market shares and strategies of key players
Recommendations to companies for strengthening their foothold in the market