Airport Security Market Size (2024 - 2029)

Airport Security Market Analysis

The Airport Security Market size is estimated at USD 16.12 billion in 2024, and is expected to reach USD 23.82 billion by 2029, growing at a CAGR of 8.12% during the forecast period (2024-2029).

Economic development in various countries is fueling increased air travel demand, necessitating advanced security systems. Governments' substantial investments in aviation infrastructure to modernize airports and enhance airspace management contribute to the growth of the airport security market. The adoption of new technologies, such as AI systems, improves efficiency. The increase in air passenger traffic is attracting investments in the market. Besides, the growing emphasis on the modernization of airport infrastructure is also driving the market’s growth.

With a positive outlook for global air passenger traffic in the next ten years, airlines are increasing their fleet size to cater to more passengers. Airlines are procuring more aircraft and adding more routes, increasing the number of flights airports can handle. As airspaces become busier, the need for better airport management rises.

However, the industry's dependence on technology made it vulnerable to various threats, including cyber-attacks. With the increasing number of sophisticated cyberattacks on airport safety systems worldwide, airports are investing heavily in cyber security to protect their operations and passengers. The growth of the airport security market is also expected to be hampered by the major factors of high maintenance and deployment costs.

Airport Security Industry Segmentation

The airport security systems market includes various products, such as CCTV, terminal security, video surveillance, security robots, and biometrics. It also provides passenger cargo security systems, perimeter protection systems, X-ray screening and substance detection systems, authenticating and identification equipment, wireless alarm systems, fire detection, and alarm systems.

The airport security systems market is segmented by security system, airport type, and geography. By security systems, the market is divided into biometric systems, surveillance systems, screening and scanning systems, perimeter intrusion detection systems, and fire safety systems. Biometric systems are further classified into face recognition, iris and retina recognition, and fingerprint recognition. By airport type, the market is divided into brownfield and greenfield. In addition, the report covers the market sizes and forecasts for the airport security market in major countries across major regions. For each segment, the market size is provided in terms of value (USD).