How big is the Airport Security Market?

The Airport Security Market size is expected to reach USD 16.12 billion in 2024 and grow at a CAGR of 8.12% to reach USD 23.82 billion by 2029. Read More

What is the current Airport Security Market size?

In 2024, the Airport Security Market size is expected to reach USD 16.12 billion. Read More

Who are the key players in Airport Security Market?

Honeywell International Inc., Smiths Group plc, Leidos Holding Inc., RTX Corporation and Bosch Ltd. are the major companies operating in the Airport Security Market. Read More

Which is the fastest growing region in Airport Security Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Airport Security Market?

In 2024, the North America accounts for the largest market share in Airport Security Market. Read More

What years does this Airport Security Market cover, and what was the market size in 2023?

In 2023, the Airport Security Market size was estimated at USD 14.81 billion. The report covers the Airport Security Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Airport Security Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Airport Security Market Share

Statistics for the 2023 & 2024 Airport Security market share, created by Mordor Intelligence™ Industry Reports. Airport Security share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Airport Security Industry

The airport security market is fragmented, with many players providing different security systems to airports worldwide. Some of the key players in the market are Bosch Ltd, Honeywell International Inc., Smiths Group PLC, Leidos Holding Inc., and RTX Corporation.

Increasing focus on developing new technologies is projected to help the companies gain new customers and increase their geographic presence. Governments and airport operators are currently conducting trials with robots that help security officials provide enhanced security at the airport. Airlines also heavily invest in security systems by partnering with providers to reduce passenger wait times and increase screening speed. This helps OEMs expand their geographic reach. Additionally, the new trend of digitizing airports is expected to open more opportunities for the key players during the forecast period.