Aviation security products and systems to exhibit double-digit gains to
2005
Worldwide demand for private aviation security products and systems is
forecast to grow at an annual pace of more than twelve percent through 2005,
approaching US$5 billion. Heightened security awareness in the wake of the
September 2001 terrorist attacks on the US will be the leading growth factor.
Commercial airport, aircraft security products to rise 30 percent annually
Demand for commercial airport and aircraft security products will accelerate
dramatically from the already robust 1990s pace, rising nearly 30 percent per
year. Governments, airlines and airports worldwide will invest heavily in
emerging technologies with the capability of thwarting further security
breaches, including automated explosive detection systems, digital CCTV systems,
biometric access controls and numerous others.
By contrast, demand for private passenger/ baggage screening and other
aviation guard services will slow from the historical pace, largely reflecting
the transition to a federal screening system in the US. In addition, much of
Western Europe has now completed the switch to private screening, a transition
which generated strong growth in the 1990s.
Still, substantial untapped markets for private screening services continue
to exist in developing countries such as Russia, China and India; as the
aviation sectors of those countries are privatized, security functions will
often be as well. Globally, the number of private airport security personnel
will grow only marginally to 75,000 in 2005, which will represent just under
half of the total.
Developing regions modernizing, growing fastest
Geographically, the best gains are expected in the world' s developing
regions - especially China - which in many cases are just beginning to modernize
their air security infrastructures and to allow the privatization of screening
services.
Developed countries such as Japan and much of Western Europe will also spend
heavily on new security measures in the wake of recent terrorist attacks, even
though they have already invested vast resources in new electronic security
measures.
Study coverage
Details on these and other findings are available in World Aviation Security,
a new Freedonia study available for $4600. It examines the world market for
private contract and in-house security products and services used by commercial
aircraft, airports and airlines. Historical data plus forecasts to 2005 and 2010
are provided for aviation security demand by type (in US dollars) and for
private aviation security service employment for 15 countries and 6 regions of
the world. The study also evaluates market share and profiles leading product
and service providers.
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