Research: Airport Security Spending to More Than Double in Next Six Years
Airport security remains a priority for individual countries and the international community. An increase in global air travel over the last decade has driven growth in the security industry. The persistent threat of terrorist and criminal attack as well as new regional security directives have all contributed to this trend.
The global increase in airport infrastructure and upgrades of ageing equipment continue to offer new opportunities for industry to provide the latest technology and security solutions for airports throughout the world.
New analysis from Frost & Sullivan Global Airport Security Market Assessment, finds that total expenditure was around $19.10 billion in 2011 and estimates this to increase to $45.43 billion by 2018. The research covers perimeter security, surveillance, access control, integration, screening, command and control and, personnel.
"High threat perceptions of criminal or terrorist attacks will continue to boost investment in airport security," said Frost & Sullivan Research Analyst Anthony Leather. "Regional and global legislation is constantly amended and updated in an attempt to address any criminal or terrorist activity. This has compelled airport operators worldwide to continually update latest security procedures and technology solutions."
Despite the global economic downturn, investment in airport infrastructure will continue to rise. More technologically advanced security equipment will be procured to ensure that airports meet stricter regulations and the highest security standards. This will be especially true in Asia Pacific (APAC), including India and China.
At present, airport security remains labor-intensive, consuming the majority of the security budget. These costs take away from potential investments in new, cutting-edge technology.
"But while technology can help to identify threats, it still requires human interaction to evaluate and implement the appropriate response," adds Leather.
Technologies and systems that prove to be more efficient than personnel will appeal to airport operators. Companies that can provide a total security option are becoming more desirable, so that integration of security systems can be easily achieved.
"The integration of security systems is becoming vital for airport security managers," said Leather. "Integration results in a more comprehensive and cohesive security control that helps to respond to identified threats in a more efficient and effective manner. Therefore, technology that can be easily integrated will be in the most competitive position in the procurement process."