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Asia Pacific Airport Security Equipment Market - Investment Analysis and Growth OpportunitiesPublished by: Frost & Sullivan Published: Feb. 13, 2006 Table of Contents1. Executive Summary 2. Introduction and Methodology 3. Industry Fundamentals and Growth Opportunities 4. Financial Benchmarking Analysis AbstractResearch OverviewThis Frost & Sullivan research service entitled Asia Pacific Airport Security Equipment Market - Investment Analysis and Growth Opportunities provides the three main investment themes in the market as well as financial and geographical analyses that help depict a clear picture of the market. In this research service, Frost & Sullivan's expert analysts thoroughly examine the following ten countries closely: India, China, Japan, Australia, Hong Kong, Singapore, New Zealand, Thailand, Singapore, and Indonesia. Market Sectors Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research service: Access and perimeter control Alarms and sensors Biometrics Closed-circuit television (CCTV) Digital surveillance Metal detectors Intercom and video door phones X-ray and infrared ray equipment Fire explosives detection Others and integration Technologies The following technologies are covered in this research service:
Airport Security Becoming Key Focus Area in Asia Pacific Companies seeking to invest in the Asia Pacific airport security equipment market can look forward to bright prospects. Countries in the region are paying increasing attention to this critical area under growing pressure to comply with international security standards and regulations. Aviation security regulations are becoming more stringent, forcing airports in Asia Pacific to upgrade their security systems with a view to meeting global standards. Financial grants and aids are already pouring in from most developed countries such as Australia, where the Ministry for Transport and Regional Services recently announced a $1.1 million project aimed at improving aviation security in the region. Similarly, the U.S. Trade and Development Agency provided Thai Airways International Public Company Limited with substantial financial aid to help it scale up to international security standards. "This is expected to be instrumental in driving the purchases of sophisticated airport security equipment, since Thailand is one of the many countries in the region facing a constant threat of terrorism," notes the analyst of this research service. "Countries such as India, China, South Korea, and Japan also hold tremendous potential for the same reason." Sustained Research and Development Critically Important for Growth The Asia Pacific airport security equipment market is currently in its growth phase, fuelled by increasing demand from governments as well as airports. The rising demand seen in the region is primarily due to growing pressure from other countries, especially the United States, to comply with global security standards and regulations. International trade with a country is increasingly dependent on that particular country upgrading to the latest aviation security standards. "This is compelling market participants to invest substantially in research and development (R&D), not only to remain competitive, but also to stay at the forefront of technological innovation," says the analyst. "Thus, the technology-intensive aviation security equipment market favors companies that continuously invest in R&D activities." Overall, the market is set for strong growth in the future, led by the economic boom in the region and the huge success of low-cost airlines. Countries such as China and India are set for massive expansion in airport construction, making the issue of airport security more critical than ever before. Growth in tourism as well as in air cargo volume is also expected to necessitate an upgrade of security technology at existing major airports to improve safety and efficiency. Much of the security demand is likely to focus on high-tech equipment such as digital surveillance technology, fire and explosive detection equipment, perimeter control equipment, network technology for inspection control equipment, and warning systems. Get Full Details About This Report >> |
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