According to the research report titled, ‘Global Aviation Security Market Size study, by System(Primeter Fencing, Acess Control, Digital Surviellance, Passenger and Cargo Screening ) by Technologies(Airport Perimeter Security, Xray Screening, Explosive Detection System Explosive Trace Detection, Biological, Radioactive and Nuclear Detection Milimeter Wave Imaging, Canine Screening) by Application(Airports, Airlines, Frieght Forwarders, Customs, Security Service Providers) and Regional Forecasts 2021-2027’, available with MarketStudyReport, global aviation security market was worth USD 74.18 billion in 2020 and is expected to register an annual growth rate of 8.3% over 2021-2027, thereby accumulating USD 129.62 billion by the end of the forecast duration.
 

Increase in security threats, coupled with escalating demand for fixed surveillance and biometric identification technologies are aiding the expansion of global aviation security market. Citing an instance, as per a report by TechSci Research, Indian Biometrics market was valued at USD 778 million in 2016.
 

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For the unversed, aviation security refers to the combination of resources and measures to prevent unlawful interference in civil aviation.
 

In addition, ongoing advancements in screening systems and security infrastructure is expected to positively sway the industry dynamics.
 

On the contrary, high investment costs associated with manufacturing & installation of these systems are likely to impede the remuneration scope of the marketplace in the ensuing years.
 

By system type, the industry vertical is split into digital surveillance, perimeter fencing, passenger & cargo screening, and access control.
 

Based on technology gamut, global aviation security market is fragmented into Xray screening, biological, radioactive and nuclear detection millimeter wave imaging, explosive detection system explosive trace detection, airport perimeter security, and canine screening.
 

In terms of application, the market sphere is classified into airlines, airports, security service provider, customs, and freight forwarders.
 

Regionally speaking, North America presently holds a significant market share, creditable to high demand for fixed surveillance and biometric identification in the aviation sector. Meanwhile, Asia Pacific is projected to showcase lucrative expansion trends during 2021-2027, owing to rapid increase in the volume of air passengers in the region.
 

Key players defining the competitive arena of worldwide aviation security industry are General Dynamics Corporation, BAE Systems plc, Booz Allen Hamilton Inc., Northrop Grumman Corporation, Boeing Company, Raytheon Technologies Corporation, and Lockheed Martin Corporation.