Global Airport Security Market Size Likely to Reach Usd 12.83 Billion by 2023: Global Market Insights, Inc.

Airport Security Market Size is forecast to generate revenue of USD 12.83 Billion by 2023; as per a new research report by Global Market Insights, Inc. Increased investment in technology R&D is expected to play a key role in stimulating global airport security market growth. Product innovation includes biometric identification and flexible card solutions.

Increase in passenger volumes serves as an enabler for adoption of new technology solutions that offer time savings. Technological developments and evolution of smart security solutions are estimated to drive global airport security market size. Rise in criminal and terrorist activity have propelled the need for security reforms and amendment of security laws.

Browse In-depth Research Report on Global Airport Security Market with detailed Charts and Figures: https://www.gminsights.com/industry-analysis/airport-security-market

Growth of airport infrastructure and shift towards technological security solutions as an alternative to human labor intensive security practices is expected to drive airport security systems market trends over the coming years.

Effectiveness of existing equipment in combating threats and lack of a tangible return on investment has discouraged operators from purchasing new solutions. Labor costs consume a significant portion of the security budget, taking away potential investments in new technology.

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Key insights from the report include:

• Airport security surveillance market accounted for over 9% of the global revenue in 2015, and the segment is expected to witness growth in the coming years. It primarily includes products such as CCTV, IP and analog video, radar surveillance, etc.

• Although analog cameras are more popular and widely deployed, IP cameras have quickly gained popularity and are expected to replace analog systems over the coming years. Video analytics play a vital role in...