A $15.1 Billion Global Opportunity for Airport Security Equipment by 2026 - New Research from StrategyR

SAN FRANCISCO, Sept. 15, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Airport Security Equipment - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 19; Released: April 2021
Executive Pool: 22763
Companies: 82 - Players covered include Analogic Corporation; Autoclear, LLC; Axis Communications AB.; Ayonix Corporation; Bertel O. Steen Airport Solutions AS; Brijot Imaging Systems; C.E.I.A. S.p.A.; Gilardoni S.p.A.; Honeywell International, Inc.; IDEMIA; Johnson Controls International PLC; L3 Security & Detection Systems; Mistral Security Inc.; Nuctech Company Limited; OSI Systems, Inc.; OSSI; RedXDefense; RESA AIRPORT DATA SYSTEMS; Robert Bosch LLC; Rockwell Collins; Siemens AG; SITA; Smiths Detection Watford Ltd.; Thruvision Ltd.; Vanderlande Industries B.V.; Westminster International Ltd. and Others.
Coverage: All major geographies and key segments
Segments: Type (Explosives Detection, X-Ray & Infrared Equipment, Perimeter & Access Control, Video Surveillance, Biometrics Equipment, Metal Detectors, Other Types)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Airport Security Equipment Market to Reach $15.1 Billion by 2026
Amid the COVID-19 crisis, the global market for Airport Security Equipment estimated at US$11.5 Billion in the year 2020, is projected to reach a revised size of US$15.1 Billion by 2026, growing at a CAGR of 4.4% over the analysis period. Explosives Detection, one of the segments analyzed in the report, is projected to record a 5.1% CAGR and reach US$5.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the X-Ray & Infrared Equipment segment is readjusted to a revised 4.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $3.6 Billion in 2021, While China is Forecast to Reach $2.7 Billion by 2026
The Airport Security Equipment market in the U.S. is estimated at US$3.6 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.7 Billion by the year 2026 trailing a CAGR of 4.1% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 3.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR.

Perimeter & Access Control Segment to Reach US$2.2 Billion by the year 2026
In the global Perimeter & Access Control segment, USA, Canada, Japan, China and Europe will drive the 4.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.3 Billion in the year 2020 will reach a projected size of US$1.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.