In a recent published report, Kenneth Research has updated the market report for European Airport Security Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for European Airport Security Market products.
Kenneth Research has recently published a report on European Airport Security Market’ which has been added into its pool of market research reports. The report provides a full assessment on the micro- and macro-environmental factors associated with the growth of the market by utilizing analytical tools such as Porter’s five forces analysis and PESTEL analysis. Readers reading this report can find a comprehensive analysis on the growth prospects of the market, along with the potential business opportunities and the latest trends in the industry. Moreover, the study on European Airport Security Market focuses on the latest business dynamics, market challenges and growth drivers that are influencing the market growth, along with the market size and the compounded average growth rate (CAGR) for the forecast period 2021 2025.
In its database of market research reports, Kenneth Research has recently added a report on ‘European Airport Security Market’ that focuses on the key strategies developed by the key players operating in the market, along the growth factors, opportunities and the challenges associated with the growth of the market for the projected period of 2021 2025. The report also provides a full assessment of the micro- and macro-environmental factors by utilizing tools such as PESTEL and Porter’s five forces analysis to analyze the market growth. Additionally, the report consists of the numerical data in terms of value and volume, and also includes detailed analysis on the impact of COVID-19 on the European Airport Security Market during the forecast period.
According to the report, the aviation security market is forecasted to make a robust comeback, generating a 2014-2020 CAGR of 13.1%.
The radical Islamic terror attacks in Europe in early 2015 coupled with the ever-growing threats are forcing European authorities to take drastic steps to enhance airport security. The market will thus undergo a wave of expansion generated from new and maturing sectors and technologies such as Aviation Traffic Control cybersecurity, automated border control kiosks, cargo screening, perimeter security systems and advanced ICT technologies. These will create new market niches and fresh business opportunities.
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According to the report the market growth is boosted by the following 9 drivers:
The early 2015 radical Islamic terror attacks in Europe are forcing the European airport security measures and market to undergo a wave of expansion.
The number of European flight routes and airline passengers has increased significantly. In 2014, over 850 million passengers arrived at or departed from more than 450 airports in the EU. It is forecasted to double by 2025.
The EU aviation security sector is highly regulated.
Advancements in security infrastructure and screening technologies.
The moderate growth of the aviation sector in other regions.
The need to streamline airport security processes and reduce passengers’ waiting time.
Replacement and upgrades of outdated security-related systems.
Growing aftersales revenues.
The risks of aviation security-related cyber terror (e.g., air traffic control).
The report examines each dollar spent in the market via 3 orthogonal money trails:
By 4 revenue sources including Product Sale, Aftersale Revenues, Planning, Consulting & Training.
By 16 technology markets: Baggage & Cargo X-ray Scanners, Security-Related ICT & Cybersecurity, Whole Body Scanners (AIT), Explosive Detection Systems (EDS), Security-Related Baggage Handling Systems (BHS), Explosives Trace Detectors (ETD), Metal Detectors, Liquid Explosives Detectors, Shoe Scanners, Workforce & Visitors ID Documents Screening, Automated Border Control, CCTV & Ground Radar Surveillance, C2/C4ISR Systems, Airport Perimeter Security, Counter-MANPAD, Multi-modal Security Systems and other Modalities.
By 14 national markets: U.K., Sweden, Denmark, Netherlands, Belgium, Germany, France, Spain, Italy, Austria, Czech Republic, Poland, Russia, Other European countries.
These can be seen below:
European Airport Security: Technologies, Industry & Markets – 2015-2020
The “European Airport Security: Technologies, Industry & Markets – 2015-2020” report is a valuable resource for decision-makers in the aviation security community. It has been explicitly customized for industry executives to identify business opportunities, developing technologies, market trends and risks; as well as to benchmark business plans.
Questions answered in this 2-volume 405 page report include:
What are the challenges to the European market penetration?
What will the Europe market size be in 2015-2020?
What are the key and pipeline technologies?
How does the balance of passenger satisfaction & operational efficiency versus stringent security measures affect the security industry?
What are the key market trends?
What are the business opportunities to increase your market share?
Where are the most attractive business opportunities?
What is driving the European market?
What are the inhibitors to your growth?
What are the risks to your market share?
Who are the key vendors in this market?
What are the key procurement models of Europe airport authorities, and how do they affect the business models of the industry?
What are the threats faced by the key vendors?
What are the European procurement models, and how do they affect the business models of the industry?
What are the European main end user trends?
How can the supplier industry adopt new technologies to meet the security needs of future airport operating models?
With 405 pages and 105 tables and 212 figures, this 2-volume “European Airport Security: Technologies, Industry & Markets – 2015-2020” report is the most extensive Aviation Security market & technology research project ever conducted. This landmark report offers for each of its 58 sub-markets 2011-2014 market data and analyses, as well as 2015-2020 forecasts and analyses. This 2-volume report is the most comprehensive review of the global airport security technologies, industry & markets available today.
Detailed market analysis frameworks include:
Market drivers & inhibitors
Business opportunities & challenges
Aviation security eco-system
Companies operating in the market (profiles, products and contact info): American Science and Engineering Inc., Auto Clear, IBM, Lockheed Martin, ADANI, Red X Defense, Syagen Technology. Thermo Electron Corporation, Biosensor Applications, Hitachi, Scent Detection Technologies, Ketech Defence, Mistral Security Inc, Appealing Products Inc. (API), ChemSee, DetectaChem LLC, Scintrex Trace, Flir Systems, Implant Sciences Corp., Ion Applications Inc, BAHIA Corp (Sibel Ltd.), CEIA, Fisher Labs, Brijot Imaging Systems, TeraView, ThruVision Systems, Gilardoni SpA, L-3 Communications Security & Detection Systems, QinetiQ Ltd., Westminster International Ltd., LIXI Inc, MilliVision, MINXRAY Inc., Morpho Detection Inc., Nuctech Co. Ltd., Rapiscan Security Products Inc., Scanna MSC Ltd., Smiths Detection, Vidisco Ltd.
Airports Security Screening Data at over 333 airports in 13 countries: The report provides screening data at each and every airport with a combined screening total of 647M million passengers. For each country, all airports with over 100,000 annual screened passengers are presented, including details on the number of screened passengers, and the annual growth rate.
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