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The Asia Pacific Passenger Security Equipment Market would witness market growth of 11.3% CAGR during the forecast period (2017 - 2023). Passenger security equipment is mostly used in securing passengers from accidents, crimes, and other threats. Terror attacks are on the rise; therefore, passenger security systems are being installed around the globe to monitor and scan passengers and their luggage.
Additionally, government regulations that compel the use of biometrics technology for identity verification further adds to the market growth. Growing safety and security concerns has driven the world governments to invest on safety and security products and solutions. Based on Transport Infrastructure, the market report segments the market into Airports, Train Stations, Bus Stations, and Seaports.
Based on Type, the Asia Pacific Passenger Security Equipment market segments the market into People Screening Systems, Baggage Inspection System, Explosive Detection System, Intrusion Detection & Prevention System, Fire Safety & Detection System, Video Surveillance, and Others. Based on Countries, the Asia Pacific Passenger Security Equipment market segments the market into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the Asia Pacific Passenger Security Equipment Market. Key companies profiled in the report include Honeywell International, Inc., Orbocomm, L3 Technologies, Inc., Kapsch, Siemens AG, OSI Systems (Rapiscan Systems), Rockwell Collins, Safran Group, Raytheon Group, and Smith Group, Plc.