Airport Security Market Share

Market Share of Airport Security Industry

The airport security systems market is highly fragmented, with many suppliers providing different security systems to airports around the world. Some of the prominent players in the market are Honeywell International Inc., Bosch Ltd, Smiths Group plc, L3Harris Technologies Inc., and Siemens AG.

Developing new technologies (and innovation of new products) is anticipated to help the companies gain customers for expansion into new ventures and increase their geographic presence. Currently, airport operators and governments are testing and conducting trials with robots to support security officials in providing adequate security at the airport. To incorporate such technologies, they are partnering with security system providers, which is expected to help the companies gain an advantage over others.

Also, airlines are investing in security systems by partnering with providers to decrease passenger wait times and for faster screening. It is anticipated to help companies expand their geographic reach. Furthermore, the latest trend of digitization of airports will open new market opportunities for the market players in the forecast period.

Airport Security Systems Market Leaders

1. Honeywell International Inc.

2. Bosch Ltd

3. Smiths Group plc

4. L3Harris Technologies Inc.

5. Siemens AG

*Disclaimer: Major Players sorted in no particular order