DUBLIN–(BUSINESS WIRE)–The “Port Security – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
The publisher brings years of research experience to the 7th edition of this report. The 125-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Port Security Market to Reach $106.3 Billion by 2027
Amid the COVID-19 crisis, the global market for Port Security estimated at US$66.4 Billion in the year 2020, is projected to reach a revised size of US$106.3 Billion by 2027, growing at a CAGR of 7% over the period 2020-2027.
Airport Security, one of the segments analyzed in the report, is projected to record 7.8% CAGR and reach US$74.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Marine Port Security segment is readjusted to a revised 5.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $19.6 Billion, While China is Forecast to Grow at 6.5% CAGR
The Port Security market in the U.S. is estimated at US$19.6 Billion in the year 2020. China, the world’s second largest economy, is forecast to reach a projected market size of US$18.5 Billion by the year 2027 trailing a CAGR of 6.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.6% and 5.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.6% CAGR.
Competitors identified in this market include, among others:
- BAE Systems PLC
- FLIR Systems, Inc.
- Honeywell International, Inc.
- James Fisher and Sons PLC
- L-3 Communications Holdings, Inc.
- Motorola Solutions, Inc.
- SAAB AB
- Siemens AG
- Unisys Corporation
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Global Competitor Market Shares
- Port Security Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Total Companies Profiled: 41
For more information about this report visit https://www.researchandmarkets.com/r/rpctqp
Laura Wood, Senior Press Manager
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