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Airport Security Market to Expand at 5% CAGR, Driven by Cybersecurity Concerns and Growing Air Traffic | Future Market Insights, Inc.
Manufacturers are consistently upgrading their technology to ensure protection from advanced threats to airport security. Cybersecurity has become the most sought-after technology at airports to prevent internet-borne dangers from materializing. This technology also helps businesses to adhere to Internet policies.
Sophisticated cyberattacks on airport safety systems are multiplying in number. As a result, airports are escalating their investments in cyber safety to guard passengers and operations.
Airports constitute a crucial part of the country's critical infrastructure. Therefore, safety breaches can have a wide-reaching impact, in addition to the potential damage that can be caused to the finances and reputation. In March 2020 , hackers gained unlawful access to two San Francisco Airport websites, thereby obtaining passwords and identities of contractors and employees. The airport had to take down the affected websites and change passwords to avert any danger before resuming operations.
The increased air traffic propels the heightened outlay on aviation infrastructure, expected to benefit market growth. Increasing terrorist activities are also increasing the uptake of airport security solutions. As a result of increasing government support to boost air travel, the airline infrastructure is expected to expand significantly in emerging economies like India and China .
Ronak Shah (Associate Vice President at Future Market Insights)
Players in the market are getting worked up in the midst of a competitive race to capture a larger market share. These companies are concentrating on creating advanced autonomous security solutions to ease the work of end users. In addition to this, top merchants are working on increasing their presence in Asian countries where domestic and international flights are robustly increasing.
By shifting to Asian countries like China and
India , where labor cost is less, manufacturers are also expected to increase their production level, thereby profiting from economies of scale. As travel & tourism takes center stage, governments invest heavily in the security and safety of air passengers.
Ronak Shah (Associate Vice President at Future Market Insights) is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.
What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers' shifting preferences.
She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the United Kingdom, the United States , and India. FMI's latest market research reports and industry analysis helps businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition.
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