Global Spending on Aviation Security will total $22.3bn in 2012
The aviation security market has evolved in response to new threats faced by the aviation industry. The tragic events of September 11 2001 led to a necessity to re-examine existing airport security systems and technologies. More than a decade on, new legislation has been adopted, regulatory authorities established and additional equipment installed at airport facilities throughout the world. As demand for air travel continues to grow year on year, governments and aviation enforcement authorities face the need to adopt strict safety measures that will counter terrorist threats before they occur whilst limiting the inconvenience faced by the passenger. Existing threats, rising passenger numbers and airport expansion projects mean that the global aviation security market will reach $22.3 billion in 2012.
The prevailing economic conditions faced by North America and Europe have meant that projected sales forecasts are restrained However the impact of these economic constraints to the overall aviation security industry will be limited as in the longer term safety and security continue to remain a priority. Upgrades to existing security features and investment in R&D will help to maintain steady growth in these markets.
The Aviation Security Market 2012-2022
Elsewhere, growth within Asian aviation security markets such as China and India is forecast by Visiongain to be significant, while in the longer term, Middle Eastern spending on aviation security is expected to increase sharply to meet the demand for new technology systems.
The report forecasts and analyses four key categories of aviation security technologies over the period 2012-2022
- Passenger and Baggage Screening
- Perimeter and Access Control
- Digital Surveillance
The Aviation Security Market 2012-2022 is a comprehensive analysis of the prospects for the aviation security market from 2012-2022. The analysis and forecasting are informed by extensive expert consultation with industry leaders. You will be able to read full transcripts of interviews from 2 leading companies involved within the aviation security market. There are 141 tables, charts and graphs that quantify, analyse and forecast the changing dynamics of the aviation security market between 2012-2022 with forecasts and analysis for the global, regional and national aviation security market between 2012-2022. You will find forecasts and analysis of 4 aviation security submarkets over the period 2012-2022. There is also a SWOT analysis and profiles of 36 leading companies operating within the aviation security market.
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Source : ASDReports - Market Research