AP NEWS

Global Passenger Security Equipment Market Analysis & Industry Forecast 2017-2023, With an Expected CAGR of Almost 9% - ResearchAndMarkets.com

June 8, 2018

DUBLIN--(BUSINESS WIRE)--Jun 8, 2018--The “Passenger Security Equipment Market by Transport Infrastructure and Type - Global Opportunity Analysis and Industry Forecast, 2017-2023” report has been added to ResearchAndMarkets.com’s offering.

The global passenger security equipment market is expected to reach $79,042 million in 2023, from $43,398 million in 2016, growing at a CAGR of 8.9% from 2017 to 2023.

Passenger security refers to a technique, which helps them protect from accidentals, harms, crimes, and other threats. Such procedures help the government to avoid any crimes and allow passengers to travel from one place to another without any harm. Honeywell International, Orbocomm, and L-3 Communications are some of the leading key players of the passenger security equipment market.

Increase in terror attacks on public transport infrastructures drives the passenger security equipment market growth. Further, rise in demand of biometrics technologies for identity verification by the government also fuels the market growth. However, high installation cost is anticipated to hinder the passenger security equipment market during the forecast period.

Based on type, the global passenger security equipment market is categorized into baggage inspection system, explosive detection system, video surveillance, intrusion detection and prevention system, fire safety & detection system, people screening systems, and others. The people screening systems segment dominated the global passenger security equipment market, in terms of revenue, and is expected to maintain this trend.

Key Players

Honeywell International Orbocomm L-3 Communications Kapsch Siemens AG Rapiscan Systems Rockwell Collins Safran Group Raytheon Group Smiths Group

Key Topics Covered:

1 Introduction

2 Executive Summary

3 Market Overview

4 Passenger Security Equipment Market, by Transport Infrastructure

5 Passenger Security Equipment Market, by Type

6 Passenger Security Equipment Market, by Geography

7 Related Industry Insights

8 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/shdq4q/global_passenger?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180608005412/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Public Transport,Security Services

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY HARDWARE SOFTWARE TRANSPORT AIR SECURITY RAIL PUBLIC TRANSPORT TRAVEL TRANSPORTATION

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 06/08/2018 10:14 AM/DISC: 06/08/2018 10:13 AM

http://www.businesswire.com/news/home/20180608005412/en

AP RADIO
Update hourly