Table of Contents
•The market for airport security technology has remained strong despite financial constraints on airports and domestic regulators.
•Technology spending will be driven by both existing and new threats to air infrastructure, with international regulators playing a key role in enhancing global airport security levels.
•The Asia-Pacific region will see the greatest expenditure growth over the forecast period.
•Technology and system integration will have an increasingly prominent role in day-to-day airport security operations; the use of Big Data is key to this shift.
•Screening will be the greatest market opportunity over the forecast period as old systems are replaced and innovative technologies help to combat new threats.
•Frost & Sullivan forecasts the market for security technology to increase from $ x billion in 2014 to $ x billion in 2023.
•Airport security procurements are collaborative decisions made by airport authorities with input from international and domestic organisations.
•Airport operators demand that technology enhance security whilst creating organisational efficiency and financial savings when possible.
•Technology costs remain a key concern for many airport operators as redundant or outdated systems are replaced to meet international security criteria.
•End users also will procure technology that improves passengers’ security experience. Demand may increase for faster or less-invasive technologies.
•Security spending at airports will grow if crime and terrorism threat perceptions remain high among international and domestic security organisations that increasingly dictate requirements.
•The market for technology suppliers remains fragmented, with opportunities available for both established companies and startups.
•Price and delivery of technology within a set time frame are the most important competitive factors.
•Unique or bespoke solutions will increase the competitive strength of brands with proven track records of delivering security products and services.
•Although airports are not considered a core business for many technology providers owing to the limited number of new opportunities, many companies leverage existing security knowledge for use in airports.
•International security regulations ultimately play a role in the procurement of new systems.
•Companies that can offer integrated solutions with the use of new technology (e.g., cloud systems) will be in a strong position to capitalise on market growth.
•The adoption of more-integrated security systems will increase over the forecast period, with an uptake in screening systems that are integrated with wider airport processes.
•Technology procurement will evolve as international regulations demand more- focused security coverage using specific new technologies, such as liquids, aerosols, and gels (LAG) scanners.
•New technology procurement will also depend on the suitability of heritage systems to secure sites, the perception of additional benefits (e.g., enhanced passenger experience), and cost.
•For technology producers, development of threat-specific systems coupled with an aggressive pricing strategy will ensure competitiveness in the already- crowded market.
•Asia-Pacific and the Middle East will present the highest opportunities for technology providers over the forecast period as investments to airport infrastructure are emphasised.
•Opportunities in North America and Europe will still be available but will mostly be restricted to upgrade, although technology procurement will remain high as international regulators in these regions become increasingly influential in airport security planning.
•Asia-Pacific will see both brownfield and greenfield opportunities for security providers, driven by India’s continued spending on enhancing its transport infrastructure.
Airport operators will continue to spend on security technology.
The market is expected to reach $ x billion by 2023.
Pricing and the ability to see tangible benefits will increasingly dictate procurement decisions.
International and domestic regulatory bodies will become more influential in decisions.
The ability to demonstrate specific technology benefits through case studies will enhance competitiveness.
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