Surge in Air Travellers Creates Tremendous Growth Potential for European Airport Passenger Screening Market
Posted on: Monday, 7 April 2008, 03:00 CDT
The flow of passengers travelling by air will grow remarkably in Europe. In that context, airports are revamping and redesigning their infrastructure with priority on improving security, creating new opportunities for security equipment providers. The airport passenger screening industry needs to adjust to evolving requirements and effectively respond to customer demands in this concentrated marketplace.
New analysis from Frost & Sullivan (http://www.defence.frost.com), Airport Passenger Screening Market in Europe, covering passengers' hold baggage, narcotics and metal detection, finds that the market, in the top European airports, earned revenues of $28,560,000 million in 2007 and estimates this to reach $72,420,000 million in 2017.
If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the European airport passenger screening market, then send an e-mail to Anna Anlauft, Corporate Communications, at anna.anlauft@frost.com, with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country. Upon receipt of the above information, an overview will be sent to you by e-mail.
"Most notably, airport expansions and the desire to implement cutting-edge security technology will drive the market," notes Frost & Sullivan Industry Analyst Marie-France Mann. "The number of passengers in airports is on the rise, compelling the procurement of additional security equipment."
Airport security will increasingly change, as the European Union standardises and introduces regulations. At the same time, most airports in Europe intend to modernise, privatise and develop their infrastructure. Currently, the airport security screening market remains heavily concentrated on the suppliers' side, with significant opportunities for market participants to grow their business.
The biggest challenge for airport screening equipment manufacturers will be to help airports achieve the optimal balance between security and facilitation. Suppliers must support airports in achieving high revenues, while providing top-line security equipment and services.
European airports are undergoing major changes in infrastructure design to process the growing number of passengers. However, they have to ensure that the security equipment and design they purchase comply with EU-mandated security regulations. Therefore, suppliers face the challenge of adhering their systems to EU regulatory standards.
"Security screening manufacturers must clearly understand the requirements of end users and the regulations framing the industry," explains Marie-France Mann. "While evaluating the needs and customising their products to meet varied requirements, manufacturers should opt for new system designs and capabilities to revolutionise the marketplace."
Airport Passenger Screening Market in Europe is part of the Aerospace & Defence Growth Partnership Service Programme, which also includes research in the following markets: European Commercial Airframe Components Aftermarket Analysis, Alternative Fuel Application in Commercial Aviation, European Airport Passenger Screening Markets, Integration of Cabin Entertainment and Advanced Communication through Wireless Technologies and Alternative Fuel Application in Commercial Aviation. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.
Frost & Sullivan, the Global Growth Consulting Company, partners with clients to accelerate their growth. The company's Growth Partnership Services, Growth Consulting and Career Best Practices empower clients to create a growth focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents. For more information about Frost & Sullivan's Growth Partnerships, visit http://www.frost.com.
Airport Passenger Screening Market in Europe
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Source: Business Wire
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