The global airport security systems market size is projected to reach USD 11.45 billion by the end of 2027. The increasing number of air travels will bode well for the market in the coming years. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/airport-security-market-102853

The global airport security systems market size is projected to reach USD 11.45 billion by the end of 2027. The increasing number of air travels will bode well for the market in the coming years. According to a report published by Fortune Business Insights, titled “Airport Security System Market Size, Share and Industry Analysis by Security Type (Access Control, Cyber security, Perimeter Security, Screening, Surveillance, and Others), By System (Metal Detectors, Fiber Optic Perimeter Intrusion, Backscatter X-Ray Systems, Cabin Baggage Screening Systems, and Others), By Airport Model (Airport 2.0, Airport 3.0, and Airport 4.0), By Airport Class (Class A, Class B, and Class C), and Regional Forecast,2020- 2027,” the market was worth USD 10.78 billion in 2019 and will exhibit a CAGR of 7.62% during the forecast period, 2019-2027. The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic. We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future. Airport security systems are used to ensure security and safety at airports as well as subsequent flight travels. The increasing awareness regarding security has created several opportunities for the companies operating in the market. The emphasis on airport security has risen dramatically over the past few years. Technological advancements in the equipment associated with security checks will have a huge impact on the growth of the overall market in the coming years. The ability of security checks at airports to prevent huge security threats and potential terrorist attacks will bode well for the companies operating in the market. The high investment in the development of efficient security systems will emerge in favor of the growth of the market in the foreseeable future. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/airport-security-market-102853 List of companies profiled in the 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) 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.