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Airport Security Market to Worth USD 11.45 Billion by 2027 | At a CAGR of 7.62%

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Pune, India, Feb. 28, 2023 (GLOBE NEWSWIRE) — The global airport security market size is projected to reach USD 11.45 billion by the end of 2027. The increasing number of air travel will bode well for the market in the coming years. The market was worth USD 10.78 billion in 2019 and will exhibit a CAGR of 7.62% during the forecast period, 2019-2027.

Airport security refers to the measures taken to ensure the safety and security of passengers, airport staff, and airport facilities against potential threats such as terrorism, theft, and vandalism. The global airport security market is a rapidly growing industry due to the increasing number of air travelers and the rising concerns over airport security.

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List of companies profiled in the airport security market report:

  • American Science and Engineering Inc. (The U.S.)
  • Axis Communication AB (Sweden)
  • FLIR Systems (The U.S.)
  • Hitachi Limited (Japan)
  • Honeywell International Inc. (The U.S.)
  • L3Harris Technologies Inc. (The U.S.)
  • Raytheon Company (The U.S.)
  • Robert Bosch GmbH (Germany)
  • Siemens AG (Germany)
  • Smiths Detection Inc. (The U.K)
  • Thales Group (France)
  • Westminister Group Plc. (The U.K)

Report Scope & Segmentation:

Report Coverage Details
Forecast Period 2020-2027
Forecast CAGR 7.62%
2027 Value Projection USD 11.45 billion
Base Year 2019
Historical Data 2016-2018
No. of Pages 200
Segments Covered By Product Analysis, By System, By Airport Model

Company Mergers Are Proving Beneficial for Major Businesses

The report encompasses several factors that have contributed to the growth of the overall market in recent years. With a bid to capitalizing the massive potential held by this market, several large-scale companies are looking to adopt newer strategies. It is observed that company mergers and collaborations are a growing trend among major businesses across the world. In April 2019, Thales Group announced that it has completed the acquisition of Gemalto.

The Germany-based company is provider of digital security services, with product applications ranging across diverse industry verticals. Through this acquisition, the company plans to strengthen its portfolio of digital security solutions. Thales’ acquisition of Gemalto will help the company establish a formidable position in the global market. Furthermore, this acquisition will have a positive impact on the growth of the overall market in the coming years.

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https://www.fortunebusinessinsights.com/airport-security-market-102853

Market in Asia Pacific Held the Highest Share; Rising Air Traffic Will Emerge in Favor of Market Growth

The report analyzes the ongoing market trends across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Among these regions, the market in Asia Pacific currently holds the largest market share. The rising air traffic in countries such as India, China, and Japan will bode well for the growth of the regional market. Moreover, massive investment in the development of efficient equipment will aid the growth of the market in this region. Besides this, massive population and increasing number of air passengers and flight travels will create several opportunities for market growth. The market in North America will witness considerable growth due to the adoption of technologically advanced systems in the United States. The increasing air travels and flights inwards and outwards of the United States will also aid the growth of the market in this region. As of 2019, the market in North America was worth USD 3.82 billion and this value is projected to increase further in the coming years.  

The report also identifies the following key drivers contributing to the growth of the airport security market:

Increasing passenger traffic: As the number of air travelers continues to grow, airports are under pressure to improve their security measures to ensure the safety of passengers and staff.

Rising threat of terrorism: The threat of terrorism remains a major concern for airport security officials, leading to increased demand for advanced security technologies and solutions.

Advancements in technology: The development of advanced security technologies such as biometrics, video surveillance, and artificial intelligence is expected to drive the growth of the airport security market.

Government initiatives: Governments around the world are investing in airport security to improve the safety and security of their citizens and to enhance their national security.

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Detailed Table of Content:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Key Industry Developments –Contracts & Agreements, Mergers, Acquisitions and Partnerships
    • Latest technological Advancements
    • Porters Five Forces Analysis
    • Supply Chain Analysis
  • Global Airport Security Market Analysis, Insights and Forecast, 2016-2027
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Security Type
      • Access Control
      • Cyber-security
      • Perimeter Security
      • Screening
      • Surveillance
      • Others
    • Market Analysis, Insights and Forecast – By System
      • Metal Detectors
      • Fiber Optic Perimeter Intrusion
      • Backscatter X-Ray Systems
      • Cabin Baggage Screening Systems
      • Others
    • Market Analysis, Insights and Forecast – By Airport Model
      • Airport 2.0
      • Airport 3.0
      • Airport 4.0

TOC Continued…!

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Artificial Intelligence

New CPS Protection Platform: TXOne Networks Unveils SageOne at GISec Global

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TAIPEI, April 23, 2024 /PRNewswire/ — TXOne Networks, a frontrunner in the realm of cyber-physical systems (CPS) security, is set to unveil its groundbreaking CPS security platform, SageOne, at the highly anticipated GISec Global from April 23rd to 25th, 2024. Attendees can find TXOne Networks showcasing SageOne at stand B99 in hall 5. This innovative platform consolidates all CPS security products onto a single, central management platform, promising streamlined operations and optimized threat detection capabilities.

SageOne, aptly named “Wise Man Number One,” serves as a comprehensive management console providing a holistic view of the CPS attack surface within operational technology (OT) environments. By enabling centralized control of TXOne’s three core product lines – Stellar for endpoint protection, Element for security inspection, and Edge for network defense – SageOne facilitates integrated OT security throughout the lifecycle of protected assets, ensuring robust threat detection and response mechanisms.
Key features of SageOne include:
CPS Attack Surface Management: Prioritizing operational security by offering clear visibility into the overall security posture of OT environments, SageOne identifies security focal points, illuminating asset information and security controls.Integrated Lifecycle Protection: Through centralized management, SageOne simplifies cybersecurity governance and fosters collaborative defense. It serves as an abstraction layer, facilitating contextualization and consolidation of data across multiple products, offering tailored, task-oriented consoles for executives, security personnel, and plant leaders.CPS Threat Detection & Response: SageOne aggregates security insights from various solutions to scout for potential risks, enabling early caution and response to both known and unknown threats.SageOne’s foundation rests upon advanced components, including Threat Intelligence, Behavior-Based AI Analytics Engines, Compliance Framework, Data Visualizer, and Ecosystem Integrator, ensuring comprehensive protection and seamless integration of different tools and technologies.
With its focus on analyzing unexpected behavior and unknown threats, SageOne enables the identification of suspicious events through cross-telemetry analysis within the OT-native XDR engine. This amalgamation of advanced technologies and user-friendly interface ensures the protection of critical infrastructures.
For rapid threat response, SageOne issues early warnings of suspicious behavior and orchestrates cross-telemetry analysis for CPS Threat Detection & Response. Integrated Lifecycle Protection ensures the security of devices and systems throughout their service life, contributing to great cost efficiency.
TXOne Networks reaffirms its commitment to CPS security and continuous advancement in OT security through SageOne. Visit TXOne Networks at the GISec Global from April 23rd to 25th, 2024, at stand B99 in hall 5.
For further updates and information, follow TXOne Networks on the blog, Twitter, and LinkedIn.
About TXOne Networks:
TXOne Networks provides OT security products ensuring reliability and security in industrial control systems and operational technology environments through the OT Zero Trust methodology. Collaborating with leading industrial manufacturers and critical infrastructure operators, TXOne Networks offers practical and business-friendly approaches to OT defense. Its network and endpoint-based products secure OT networks and mission-critical devices in real-time with high security depth.
Website: www.txone.com 
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Artificial Intelligence

Imparta Launches World’s First Sales Methodology-Aware AI

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LONDON, April 23, 2024 /PRNewswire/ — Imparta Ltd, a global leader in performance improvement for customer-facing teams, has announced the release of i-Coach AI, the world’s first sales methodology-aware AI.

Over the past 18 months, AI has reshaped many industries and professions, with sales being no exception. Yet, generic LLMs such as ChatGPT are poor at coaching, and at selling. Even data-driven AI insights are only as good as the qualitative frameworks that underpin their observations.
i-Coach AI is the first expert Sales AI Coach that follows a proven, structured coaching process, and is fluent in all aspects of sales, account management, negotiation, customer success, commercial and business acumen, sales management and sales leadership. It is powered by Imparta’s award-winning, research-based Agile 3D methodology and complete, modular skills library.
Richard Barkey, Founder and CEO of Imparta, said “GenAI is one of the few truly transformative technologies in our lifetimes, and one that no sales organisation can ignore. We are genuinely excited to introduce i-Coach AI, an enterprise-grade coaching tool for salespeople, managers and leaders. I’m not exaggerating when I say that I’m using i-Coach AI myself, to think through strategies around specific clients, and indeed for the whole business. This tool is designed to integrate seamlessly across various sales ecosystems and tech stacks, and provides targeted, IP-aware coaching and practice simulations of customer conversations, at multiple points of need.”
As part of the launch, Imparta will host a webinar on April 23rd and May 2nd, hosted by Richard Barkey, titled ‘Leveraging Sales Methodology-Aware AI at Scale in the Enterprise’. Click here to learn more.
During this webinar, Richard will announce details of i-Coach AI and Imparta’s upcoming course for sales teams: Leveraging AI for Sales. He will also set out a range of essential use cases that we are rolling out across Imparta’s agile sales ecosystem and across the tech stack.
About Imparta
Imparta is a global leader in performance improvement for Sales, CX and Leadership. Our modular ecosystem includes three elements, developed through 25 years of research and experience with leading global organisations: Agile Sales Methodology, Agile Change Process and AI Sales Technology.
Whether you need to plug a gap in your existing training, provide self-paced learning, or build an entire Sales, CX or Leadership Academy, get in touch at [email protected].
Website: www.imparta.com
Photo: https://mma.prnewswire.com/media/2392278/i_Coach_Imparta_Ltd.jpg
Contact details: Adam [email protected] Tel: +44 (0) 20 7610 8800

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Artificial Intelligence

Innodisk Unveils Groundbreaking MIPI over Type-C Solution for Enhanced AI Vision Applications

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TAIPEI, April 23, 2024 /PRNewswire/ — Innodisk, a leading global AI solution provider, announces the launch of its industry’s first MIPI over Type-C solution. This exclusive technology overcomes traditional MIPI cable lengths limitations, allowing embedded camera modules to be positioned farther from the system. This expands the possibilities for visual AI applications, particularly in smart manufacturing and smart cities, enabling the seamless integration of high-quality vision systems into these evolving environments. 

The increasing popularity of vision-based applications across industries highlights the critical need for high-quality, reliable camera solutions. As computer vision becomes a cornerstone of AI development, the demand for industrial-grade cameras continues to surge. Innodisk recognizes this need and has developed the MIPI over Type-C Solution to address the challenges faced by vision system integrators and developers.
Innodisk’s MIPI over Type-C technology extends the connection distance to 2 meters or more, surpassing the previous 30 cm cable length limitation while maintaining high performance. It enables seamless conversion to a custom USB Type-C interface through a tailor-made adapter board and offers cost-effectiveness compared to SerDes solutions.  Additionally, this solution boasts successful deployments on NVIDIA Jetson, Intel x86, and ARM platforms, with Innodisk actively investing in R&D to ensure ongoing compatibility across various platforms, accelerating the deployment of edge AI applications for clients.  
Innodisk’s MIPI over Type-C camera module solutions are extensively used in various smart applications. They are revolutionizing industries like smart manufacturing, where AMRs and forklifts benefit from high-quality imaging and extended reach. Similarly, shared mobility applications such as shared bikes leverage these modules for enhanced safety and efficiency. By offering a combination of high bandwidth and longer range, Innodisk’s solution removes cable length limitations, unlocking a wave of new possibilities for smart applications.
Innodisk’s MIPI over Type-C solution marks a significant leap forward, building upon its diverse MIPI camera module portfolio and seamless platform integration. This includes compatibility with NVIDIA Jetson, Intel 12th to 13th Gen, Core Ultra processor, AMD Xilinx, and NXP. As the sole Intel-certified MIPI Camera partner in Taiwan, Innodisk collaborates closely with IPC manufacturers, possessing professional integration capabilities to offer comprehensive support and services to customers. The MIPI over Type-C Solution is poised to redefine the future of vision technology, offering performance, flexibility, and affordability.
For more information, please visit: http://www.innodisk.com
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