World Aviation Security Market to be Worth US$19.48Bn in 2014, According to a New Study on ASDReports

Thursday 21 August 2014, Amsterdam

A new research report, now available on ASDReports, has revealed that the global aviation security market is valued at US$19,48bn in 2014. This sector will be driven by the continuing need for authorities, regulatory bodies and operators to ensure that the necessary security measures are implemented to detect and mitigate evolving threats to the air transport industry.

In the new report, entitled Aviation Security Market Forecast 2014-2024 Prospects for Leading Companies in Cargo, Passenger, Airline & Airport Security it forecasts indicate that the aviation security market will continue to record positive growth in the next decade. The majority of growth will come from maturing and emerging markets, for example the Middle East, China and South East Asia, where there are strong growth rates forecast for air passenger and cargo traffic. This has resulted in airport construction and expansion projects that will require investment in security facilities and equipment in order to comply with international safety and security regulations. Mature markets are likely to see a transition towards risk-based security strategies in an effort to reduce public spending and to enhance the efficiency of aviation security systems. This will also influence investment for specific aviation security technology and equipment.

The author of Aviation Security Market Forecast 2014-2024 Prospects for Leading Companies in Cargo, Passenger, Airline & Airport Security commented that, “civil air transport will continue to remain a target for terrorist and criminal activity, continuing to put pressure on regulatory bodies, governments and industry stakeholders in ensuring that the most effective measures of security are implemented to mitigate these existing and evolving threats”.

The 211 page report contains 181 tables, charts and graphs that explain developing trends in the aviation security market, as well as details of 91 contracts in the market. The new report provides forecasts for the period 2014-2024, detailing the value (US$) of the global aviation security market, 12 leading national aviation security markets, and 5 submarkets (passenger and baggage screening, air cargo security, access control, digital surveillance and perimeter security). In addition, there are 12 company profiles of the leading companies that develop and supply security equipment and technology for civil aviation. Also included are two exclusive interviews with Human Recognition Systems and Westminster Aviation Security Services, which provide expert insight in parallel to the reports analysis.

Aviation Security Market Forecast 2014-2024 Prospects for Leading Companies in Cargo, Passenger, Airline & Airport Security report will be of value to current and future potential investors the aviation security industry or wider civil air transport sector. Companies and research centres with an interest in aviation security or looking to broaden their knowledge of this paradigm will also find this report of value.