The Global Airport and Marine Port Security Market was valued at USD 54.21 billion in 2016 and is projected to reach USD 113.53 billion by 2025, growing at a CAGR of 8.56% from 2017 to 2025.
Airports and marine ports are the entrance for the global economy passenger travel as well as for the exchange of goods. These ports implement security systems such as surveillance systems, screening and scanning, network access and more. This implementation of security systems is vital to ensure the safety of not only the goods being exported as well as imported but also of the passengers who are travelling. The rising investments in the infrastructure of these travel gateways are assisting the growth of the security infrastructure as well.
The increasing number of both external as well as internal threats along with the rise in the investments in the infrastructure of the marine ports and airports has resulted in the need for more stringent security regulations and policies. These factors are aiding the airport and marine port security market to grow. Factors that are restraining the market are the increasing complexities of the security breaches as well as the difficulties in the advancement of the technology of the security systems.
The major players in the market are as follows:
Tyco International Ltd. L-3 Communications Holdings Inc. Honeywell International, Inc. HCL Infosystems Limited Bosch Security Systems Unisys Corporation Flir Systems, Inc. Raytheon SAAB AB Siemens AG
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