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Analysis of the $92.27 Bn Airport and Marine Port Security Market, 2025-2034 - Tyco International, L-3 Communications, Honeywell International, HCL Infosystems, and Bosch Security Systems Lead Revenue Shares

1. The airport and marine port security market is growing rapidly. 2. Market expected to reach $136.4 billion by 2029, CAGR of 10.3%. 3. Honeywell is a key player, enhancing its position in security solutions. 4. Increased cybersecurity integration drives demand for security technology. 5. Geopolitical tensions elevate market need for robust security systems.

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FAQ

Why Bullish?

Honeywell's involvement in the growing security market may boost demand for its solutions, similar to past instances where market growth benefitted major players like Honeywell in HVAC and building security.

How important is it?

The article highlights market growth where Honeywell's products will be vital, indicating a strong growth trajectory and sustained relevance to its offerings in security.

Why Long Term?

The projected significant market growth over the next few years indicates sustained demand for Honeywell's products, akin to previous long-term trends in security needs post-9/11.

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Dublin, Jan. 28, 2025 (GLOBE NEWSWIRE) -- The "Airport and Marine Port Security Market Report 2025" report has been added to ResearchAndMarkets.com's offering.This Airport And Marine Port Security market report covers market characteristics, size & growth, segmentation, regional & country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. The airport and marine port security market size has grown strongly in recent years. It will grow from $86.65 billion in 2024 to $92.27 billion in 2025 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to focus on passenger experience, increased air and maritime traffic, emergence of biometric solutions, integration of it and physical security, international trade and cargo security.The airport and marine port security market size is expected to see rapid growth in the next few years. It will grow to $136.4 billion in 2029 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to resilience and emergency preparedness, smart and integrated security systems, biometric and identity verification solutions, rise in passenger and cargo volumes, increasing emphasis on cybersecurity. Major trends in the forecast period include enhanced threat detection capabilities, biometric authentication and identity verification, cybersecurity integration, use of IoT for surveillance and monitoring, adoption of smart and integrated security systems.The rising internal and external threats are driving the growth of the airport and marine port security market. For instance, in May 2024, data published by the Center for Internet Security, a U.S.-based nonprofit organization, revealed that malware-based threats surged by 30% in the first half of 2024 compared to the same period in 2023, with a remarkable 92% increase noted in May alone. Therefore, the escalation of internal and external threats is expected to enhance demand for airport and marine port security systems during the forecast period.The escalation of geopolitical tensions is expected to further propel the growth of the airport and marine port security market. Technological advancements represent a prominent trend within the airport and marine port security market.Major companies in the airport and marine port security market are integrating Vessel Traffic Management Information Systems (VTMIS) to fortify their positions within the industry. For instance, in April 2023, AD Ports Group, a UAE-based trade and logistics company, introduced VTMIS across its operations in the UAE. This system integrates various tools such as radar, CCTV, radios, and meteorological systems to provide real-time information, enhancing communication between vessels and shore. VTMIS supports critical functions like traffic management, collision avoidance, search and rescue operations, and environmental protection measures, ensuring efficient and secure maritime operations.In April 2024, Unifi Aviation, a U.S.-based aviation services company, acquired Prospect Airport Services for an undisclosed amount. This acquisition enhances Unifi Aviation's position as a leading provider of aviation services by expanding its operations to over 30 airports, including major hubs in Chicago, Illinois; Dallas, Texas; and Newark, New Jersey. Prospect Airport Services is recognized for its comprehensive range of airport services, which include ground handling, safety and customer services, passenger services, and cabin cleaning.North America was the largest region in the airport and marine port security market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the airport and marine port security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the airport and marine port security market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain. Scope Markets Covered:1) By Technology: Surveillance Systems; Physical Access Control Systems; Screening & Scanning Systems; Perimeter Intrusion Detection System; Network Access Control & Security; Real-Time Location Systems2) By Services: Facility and Asset Management; System Integration; Training & Consulting3) By Infrastructure: Airport; Marine PortSubsegments:1) By Surveillance Systems: IP Cameras; Analog Cameras; Video Management Software (VMS); Cloud-Based Surveillance2) By Physical Access Control Systems: Card-Based Systems; Biometric Systems; Keypad Entry Systems; Mobile Access Control3) By Screening & Scanning Systems: X-ray Screening Systems; Metal Detectors; Explosive Detection Systems; Automated Screening Solutions4) By Perimeter Intrusion Detection System: Fence Detection Systems; Ground-Based Sensors; Microwave Sensors; Video Analytics for Perimeter Security5) By Network Access Control & Security: Firewall Solutions; Intrusion Detection & Prevention Systems (IDPS); Network Monitoring Tools; Endpoint Security Solutions6) By Real-Time Location Systems: RFID-Based Systems; GPS Tracking Systems; Bluetooth Low Energy (BLE) Solutions; Wi-Fi-Based Location TrackingKey Companies Profiled: Tyco International Ltd.; L-3 Communications Holdings Inc.; Honeywell International Inc.; HCL Infosystems Limited; Bosch Security Systems Inc.Time Series: Five years historic and ten years forecast.Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments. Key Attributes Report AttributeDetailsNo. of Pages200Forecast Period2025-2029Estimated Market Value (USD) in 2025$92.27 BillionForecasted Market Value (USD) by 2029$136.4 BillionCompound Annual Growth Rate10.3%Regions CoveredGlobal The major companies featured in this Airport and Marine Port Security market report include: Tyco International Ltd.L-3 Communications Holdings Inc.Honeywell International Inc.HCL Infosystems LimitedBosch Security Systems Inc.Smiths Detection Group Ltd.Moran Shipping Agencies Inc.Nedap Automatic Vehicle IdentificationFLIR Systems Inc.Safran SASaab ABUnisys CorporationHuawei Technologies Co. Ltd.Siemens AGRaytheon Technologies CorporationMotorola Solutions Inc.James Fisher and Sons PlcRapiscan SystemsG4S LimitedSecuritas ABICTS International N. V.Secom Co. Ltd.Lockheed Martin CorporationNorthrop Grumman CorporationAxis Communications ABOSI Systems Inc.Thales GroupLeidos Holdings Inc.Johnson Controls International plcAllied Universal For more information about this report visit https://www.researchandmarkets.com/r/57bw77 About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Airport and Marine Port Security Market Airport and Marine Port Security Market Airport and Marine Port Security Market

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