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Research and Markets has announced the addition of the "Global Aerospace Components Aviation Security Market 2015-2019" report to their offering.
The global aviation security market to grow at a CAGR of 7.17% over the period 2014-2019.
The report provides a comprehensive overview of the market shares, market segmentation by system, and growth prospects by region (Americas, APAC, and EMEA). It also presents the market landscape and a corresponding analysis of the five major vendors in the market. In addition, the report discusses the primary drivers influencing the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends emerging in the market.
The integration of information technology (IT) at the airports is the latest trend that will boost the security and result in reduced congestion at the airports. The growing use of IT in airport security helps in efficient profiling of passengers by optimizing airport security processes, which makes it easy to identify potential threats. Similarly, the installation of airport e-gates ensures a high degree of safety and security for passengers by validating their identities using biometrics technologies at airports. The emergence of real-time intelligence security and the shift toward biometrics technology are some of the key trends in the market.
According to the report, Increasing investments in airports, and advanced security infrastructure and screening systems are some of the key drivers of the market.
Further, the report states that the faulty security equipment and lack of interoperability between the security systems are some of the major challenges that limit the growth of the market.