Biometric systems are expected to lead the market for airport security systems in growth over the next five years, as the market increases at an 8 percent CAGR through 2024, according to a new report available on ResearchAndMarkets.com.
“Airport Security Systems Market – Growth, Trends, and Forecast (2019 – 2024)” cites the combination of increased passenger volume and significant security threats as drivers for the overall market, but not just in terms of greater efficiency with existing infrastructure. The report also suggests new airport constructions and other infrastructure investments will boost the market.
In addition to countries like the U.S., UK, China, Japan, and Singapore which are currently using the technology, many airports in other countries are now in the testing phase with biometrics, the report notes. Initiatives in those established markets, like the U.S. Transportation Security Administration’s (TSA’s) roadmap for transforming commercial aviation by 2026 and India’s Digi Yatra are expected to act as major growth drivers over the forecast period. The formation of partnerships, such as that between United and Clear, is seen as a way for aviation companies to deal with a somewhat fragmented competitive landscape.
