Global Aerospace Components Aviation Security Market 2015-2019
About aviation security
The aviation industry faces threats from multiple dimensions considering the various stakeholders in the industry. The threat is targeted to airports, service providers, and air traffic control systems. The global aviation system is targeted by attackers focusing on cyber terrorism, information theft, and other similar objectives on a larger scale. The growing air travel industry, stringent regulatory requirements, and continuous increase in the sophistication of threats necessitate airports to become highly vigilant and integrate smarter security solutions to keep up with current and future demand. These factors drive investments toward the development of identification and screening technologies, such as the radio frequency identification (RFID) technology, biometrics systems and prototype screening devices, to strengthen the security at airports.
Technavio's analysts forecast the global aviation security market to grow at a CAGR of 7.17% over the period 2014-2019.
Covered in this report
The report provides a comprehensive overview of the market shares, market segmentation by system, and growth prospects by region (Americas, APAC, and EMEA). It also presents the market landscape and a corresponding analysis of the five major vendors in the market. In addition, the report discusses the primary drivers influencing the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends emerging in the market.
Technavio's report, Global Aviation Security Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the landscape of the global aviation security market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Aviation Security Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Aviation Security Market: American Science & Engineering, Analogic, G4S, L-3 Communications and Morpho Detection (Safran)
Other Prominent Vendors in the market are: ACO Electronics, CEM, GE, Rockwell Collins, and Westminster Aviation.
Commenting on the report, an analyst from Technavio’s team said: “The integration of information technology (IT) at the airports is the latest trend that will boost the security and result in reduced congestion at the airports. The growing use of IT in airport security helps in efficient profiling of passengers by optimizing airport security processes, which makes it easy to identify potential threats. Similarly, the installation of airport e-gates ensures a high degree of safety and security for passengers by validating their identities using biometrics technologies at airports. The emergence of real-time intelligence security and the shift toward biometrics technology are some of the key trends in the market.”
According to the report, Increasing investments in airports, and advanced security infrastructure and screening systems are some of the key drivers of the market.
Further, the report states that the faulty security equipment and lack of interoperability between the security systems are some of the major challenges that limit the growth of the market.
American Science & Engineering, Analogic, G4S, L-3 Communications, Morpho Detection (Safran), ACO Electronics, CEM, GE, Rockwell Collins, Westminster Aviation.
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