Aviation Security Market Analysed through 2012-2022 by Visiongain
17 Apr 2012 • by Natalie Aster
The aviation security market has evolved in response to new threats faced by the aviation industry. The tragic events of September 11 2001 led to a necessity to re-examine existing airport security systems and technologies. More than a decade on, new legislation has been adopted, regulatory authorities established and additional equipment installed at airport facilities throughout the world. As demand for air travel continues to grow year on year, governments and aviation enforcement authorities face the need to adopt strict safety measures that will counter terrorist threats before they occur whilst limiting the inconvenience faced by the passenger. Existing threats, rising passenger numbers and airport expansion projects mean that the global aviation security market will reach $22.3 billion in 2012.
According to the report “The Aviation Security Market 2012-2022” by Visiongain, the prevailing economic conditions faced by North America and Europe have meant that projected sales forecasts are restrained. However the impact of these economic constraints to the overall aviation security industry will be limited in the longer term as safety and security continue to remain a priority. Upgrades to existing security features and investment in R&D will help to maintain steady growth in these markets.
The Aviation Security Market 2012-2022
Published: March, 2012
Price: US$ 2.642,00
Elsewhere, growth within Asian aviation security markets such as China and India is forecast by Visiongain to be significant, while in the longer term, Middle Eastern spending on aviation security is expected to increase sharply to meet the demand for new technology systems.
This report has been compiled by combining information obtained from a very wide and rich mixture of primary and secondary research sources, producing a broad industry overview. Visiongain sought opinions from leading figures in the aviation security market to underpin the analysis of market drivers and restraints. The study draws on a diverse range of official corporate and governmental announcements, media reports, policy documents, industry statements and expert opinion as a basis for discussing and predicting developments in the aviation security market between 2012 and 2022.
More information can be found in the report “The Aviation Security Market 2012-2022” by Visiongain.
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