Market Forecast has announced the release of their latest report titled – “Global Airport Security - Market and Technology Forecast to 2026”. It encloses an in-depth research of the Airport Security market and the competitive landscape globally. A first of its kind report highlights enormous potential of technologies like Face Recognition & Checkpoint CT Scanners. The report sheds light on 5 major technology sectors that is going to dominate the Airport security industry for the next decade.
The Airport security industry is a steady growing market driven by factors like new technologies, global growth in air travel, and legislation. The global Airport security industry, is valued at US$ 12.5 billion in 2018 and is projected grow at a CAGR of 6.8% to 2026. The demand for Facial Recognition Systems, High Resolution Security Cameras, etc. is anticipated to be driven by the massive investment made in countries like US, China and the European Union.
Small and medium-sized enterprises (SMEs) in developing countries can generate significant growth in sales and create jobs by seizing market opportunities in new Airport security technologies. However, they need to realize that the current market is not transparent and therefore need to be actively developed to be successful.
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