The key factors that drive growth of the passenger security equipment market include growing number of passengers in public transport networks. In addition, demand for more efficient crowd control and screening technologies are positively impacting growth of the Passenger Security Equipment Market. However, high implementation cost of passenger security equipment solutions hampers the market growth.
Download free sample report at:
https://www.alliedmarketresearch.com/request-sample/2860
On the basis of type, the fire safety and detection system segment dominated the overall passenger security equipment market in 2020, and is expected to continue this trend during the forecast period. This is attributed to growth in need for improved passenger safety standards in public places and the rising fear of terrorist threats.
However, the people screening system segment is expected to witness highest growth, owing to growing terrorist activity at various airports and other stations and growing government initiatives for improving the security system across various transport stations.
Access Full Summary at:
https://www.alliedmarketresearch.com/passenger-security-equipment-market
Depending on transport infrastructure, the airport segment dominated the passenger security equipment market share in 2020, and is expected to continue this trend during the forecast period as air travel is projected to remain the most predominant means of transportation for international travelers, necessitating appropriate passenger safety and measures.
However, the bus stations segment is expected to witness highest growth in the upcoming years, owing surge in need for passenger safety at domestic and short-distance transportation alternatives such as inter-city bus terminals and stations.
For Purchase Enquiry:
https://www.alliedmarketresearch.com/purchase-enquiry/2860
Region wise, the passenger security equipment market was dominated by Asia-Pacific in 2020, and is expected to retain its position during the forecast period, owing to growing government spending on advanced passenger security equipment by developing regions in the region such as the China, India and other countries and to provide greater security for its citizens is predicted to fuel market expansion within the region.
The key players are Autoclear, Axis Communications AB, Bosch Sicherheitssysteme GmbH, Honeywell International Inc., Kapsch TrafficCom AG, L3Harris Technologies, Inc., Rapiscan Systems, SITA, Simens AG, and Smiths Group plc.
If you have any special requirements, please let us know:
https://www.alliedmarketresearch.com/request-for-customization/2860
Key findings of the study
- By transport infrastructure, the airports segment accounted for the largest passenger security equipment market share in 2020.
- By region, Asia-Pacific generated highest revenue in 2020.
- By type, the fire safety and detection system segment generated the highest revenue in 2020.
Buy This Research Report at: https://bit.ly/3irLHpJ
Thanks for reading this article; you can also get an individual chapter-wise section or region-wise report versions like North America, Europe, or Asia.
If you have any special requirements, please let us know and we will offer you the report as per your requirements.
Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
Similar Report:
About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
Contact:
David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research