Research and Markets has announced the addition of Frost & Sullivan's new report "Asia Pacific Airport Security Market Assessment" to their offering.
This Frost & Sullivan research service entitled "Asia Pacific Airport Security Market Assessment” provides an overview of the airport security market in the Asia Pacific, with individual country analysis of the same. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets: screening, surveillance and access control.
As a corollary of the surge in tourism in the Asia Pacific, air traffic has been hitting new highs in the region. The spurt in passenger numbers brings with it increased security concerns. Airports are developing their infrastructure to deal with the greater footfall and are upgrading their security systems to comply with the new government regulations and prepare for the escalating terrorist threats in the region. The Asia Pacific countries are emerging economies with flourishing trade and tourism sectors, said the analyst of this research. These countries are constructing new airports and redeveloping existing ones to meet the demands of increased air traffic, giving a boost to the security spending in these regions.
However, some airports are reluctant to spend on security systems due to tighter budgets, complex procurement patterns and inconsistent security policies, causing a dip in security solution vendor revenues. Further, the intensifying competition has constricted the margins of market participants. They can offset these issues and command premium prices through value-added services, product differentiation and innovation. Market participants should start providing new technology equipment and integrated solutions and also adopt efficient supply chain and competitive strategies, notes the analyst. Technological innovations also have a significant role to play in the adoption rates and advances in biometric identification and surveillance bode well for the market.