Major Key players are Honeywell International Inc, L-3 Communications Holdings Inc, Siemens Ag, HCL Infosystems Ltd., Huawei Technologies Co. Ltd., Motorola Solutions Inc., Tyco International Ltd., & many more.
(PRWEB) April 18, 2014
The report "Airport & Marine Port Security Market [Access Control, Video Surveillance, Screening & Scanning, Asset and Visitor Management, Perimeter Intrusion Detection, Network Security] - Worldwide Market Forecasts and Analysis (2013 - 2018)" defines and segments the port security market into various sub segments with in-depth analysis and forecasting of revenues. It also identifies drivers and restraints for this market with insights on trends, opportunities, and challenges.
Browse 110 market data tables and 21 figures spread through 197 pages and in-depth TOC on "Airport & Marine Port Security Market".
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The global Airport security and Marine port security market is estimated to grow from $22.28 billion in 2013 to $36.99 billion by 2018, at a Compound Annual Growth Rate (CAGR) of 10.7% from 2013 to 2018.
The report consists of the opportunity analysis of various types of port security solutions such as access control, video surveillance and analytics, screening and scanning, weapons, drugs, and explosive detection, asset and visitor management, perimeter intrusion detection, fire protection, network and cyber security, and others. The report analyzes market sizes and revenue forecasts across different regions such as North America (NA), Europe (EU), Latin America (LA), Asia Pacific (APAC), and Middle East and Africa (MEA).
The port security market is growing rapidly because of the increasing need for sustaining business continuity, threats on ports, and government initiatives. There has been huge investment for the construction of new airports worldwide; with special focus in Asia Pacific (APAC). According to the data by CAPA Center of Aviation, this year’s capital expenditure for the construction of new airports worldwide amounts to $320 billion till September, 2013. These ongoing and upcoming airports worldwide are creating business opportunities for port security vendors. The regional economies are experiencing high growth rates in air travel and international trade; which is thereby creating business opportunities for the port security industry.
In the current scenario, screening and scanning is holding the highest revenue-generating potential among the various port security solutions and network and cyber security is exhibiting high growth rate in market sizes. The port security market has experienced a strong boost with the introduction and incorporation of biometrics-based access control systems. The incorporation of video analytics technology in video surveillance has accelerated the market more. The growing adoption of underwater surveillance is expected to enhance the market opportunities for the port security solution vendors.
In terms of regions, North American market is expected to project the largest market opportunity for port security systems and solutions, at an estimated market share of 30.67% of the overall market. North America (NA) and Europe (EU) together are estimated to account for 56.47% of the global market in 2013. Asia Pacific (APAC) is expected to exhibit the highest growth rate in the port security market size out of the various regional markets.
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