Cybersecurity Solutions Segment Projected to Lead the Passenger Security Market From 2019 to 2024

PASSENGER SECURITY MARKET 2019-2024 The Passenger Security Market is estimated to be USD 4.8 billion in 2019 and is projected to reach USD 6.8 billion by 2024, at a CAGR of 7.2% from 2019 to 2024

The passenger security market report provides an analysis of the market from 2019 to 2024 and discusses the prevailing industry and technology

trends, along with the drivers, restraints, challenges, and opportunities. The market is projected to grow from USD 4.8 billion in 2019 to USD 6.8 billion by 2024, at a CAGR of 7.2% during the forecast period.

The market in Asia Pacific is expected to witness substantial growth during the forecast period, especially in countries, such as China and India, due to the rapid development of new airports, seaports, and expansion of railways.

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Key Market Players ■ Key players in the passenger security market include Smiths Detection Group Ltd. (UK), SITA (Belgium), Siemens (Germany), Honeywell International Inc. (US), Rapiscan Systems (US), Axis Communications AB (Sweden), Bosch Sicherheitssysteme GmbH (Germany), Autoclear, LLC. (US), L3 Security & Detection Systems (US), and FLIR Systems, Inc. (US), among others.

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Recent Developments ■ In April 2019, Axis Communications launched a new multidirectional, four-channel camera with Quad HD resolution per channel capable of recording at 30 frames per second. The camera is useful for perimeter security.

■ In April 2019, Rapiscan Systems launched its new product, the MP100 Portable Radiation Detection System, which is a lightweight, high-performance system used to detect the presence of radiological and nuclear materials.

■ In April 2019, Sensurity Ltd. partnered with Genetic Security Management Platform to integrate their systems.

Report Objectives ■ To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the passenger security market ■ To analyze the impact of macro and micro indicators on the market ■ To forecast the market size of segments for five regions, namely, North America, Europe, Asia Pacific, Middle East & Africa, and South America, along with major countries in each of these regions ■ To strategically analyze micromarkets with respect to individual technological trends, prospects, and their contribution to the overall market ■ To strategically profile key market players and comprehensively analyze their market ranking and core competencies ■ To provide a detailed competitive landscape of the market, along with an analysis of business and corporate strategies, such as contracts, agreements, partnerships, acquisitions, and new product developments ■ To identify detailed financial positions, key products, unique selling points, and key developments of leading companies in the market

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