Security checks through traditional x-ray systems or walk-through-metal detectors, advanced threat detection algorithms, and CT scanners are common across almost every mode of travel. Passenger screening to detect any luggage with illegal items, including ammunition, drugs, and sharp objects has become indispensable in ships, trains, and flights. Screening systems provide the inside images of suitcases, luggage, bags, and other items, mostly using x-ray systems. Authorities across railways, aviation, and marine industries are upgrading their passenger security systems to offer a safe travel experience, and also prevent any mishap or criminal activity.
The coronavirus pandemic radically affected the security and aviation industries. However, passenger security’s importance has been accelerated by the pandemic. Passenger screening with fewer touchpoints to prevent virus spread along with new and more flexible operating protocols prevail as new trends influencing passenger security and screening procedures. The rising number of air travelers, increasing disposable income levels, and technological advancements are a few factors stimulating the need for passenger security. As per Fortune Business InsightsTM, the global passenger security market size is anticipated to hit USD 8.45 billion by 2027. Additionally, issues, such as rising international conflicts, terrorism, and cross-border conflicts, are anticipated to amplify passenger security’s importance.
Fortune Business InsightsTM Identifies the Following as the Top 5 Leading Passenger Security Companies:
1. Honeywell International Inc.
Founded in 1906 by Mark C. Honeywell, this American multinational conglomerate corporation operates in the fields of Safety and Productivity Solutions (SPS), Performance Materials and Technologies (PMT), building materials, and aerospace. Headquartered in Charlotte, North Carolina, U.S., Honeywell ranked 94th in the Fortune 100 Company in 2021. In June 2020, Honeywell launched a new UV Cabin System for airplane cabins. The new system can treat an aircraft cabin in under 10 minutes.
Founded in 1993 and headquartered in Rochelle Park, New Jersey, U.S. ORBCOMM provides Industrial IoT and machine-to-machine communications software, hardware, and services to monitor, track, and control mobile and fixed assets across oil & gas, maritime, heavy equipment, transportation, and other industries. The company operates and owns 31 low earth orbit communication satellites. Most recently, ORBCOMM was awarded IoT Evolution Industrial IoT Product of the Year Awards 2021 for its ST 9100 product, which is a dual-mode IoT asset tracking device.
3. Siemens AG
Founded in 1847 and headquartered in Munich, Germany, this multinational conglomerate specializes in automation and is a renowned maker of medical diagnostics equipment. Siemens Mobility in partnership with Deutsche Bahn (DB) unveiled the world’s first fully automated driverless train in October 2021 in Germany. This development is aimed to enhance the travel experience and provide higher passenger security using advanced technologies.
4. Rapiscan Systems Limited
Founded in 1982, the company offers avant-garde solutions, products, and services for passenger security globally. The company offers security systems and equipment such as X-ray machines and walk-through metal detectors designed for personnel, cargo, and checkpoint screening in the aviation industry. The company’s training division, Learning Academy launched its new website in November 2020. The company aims to fortify business excellence and operational competence through Learning Academy. Integrated with the company’s Learning Management System, the website is full of learning resources and digital learning options.
5. Axis Communication AB
Founded in 1984 and headquartered in Lund, Sweden, the Swedish manufacturer provides network audio devices, access control, and network camera for video surveillance and physical security industries. The company launched a new multidimensional camera in April 2019 with four channels of quad-HD resolution. The new product offers 360-degree coverage and can operate 24X7. The company generated a revenue of USD 1,200,000,000 in its latest fiscal year.
The major passenger security companies operating in the dynamic competition emphasize strategic acquisitions and collaborations to amplify their growth prospects. They are heavily investing in research and development activities to launch innovative and advanced products. The increasing passenger traffic and improving income levels are predicted to bolster the importance of passenger security. Additionally, the construction of new airports and upgrading of exiting airports are likely to create lucrative growth opportunities in future.
About the Author:
Arun Kumar Gautam is a graduate in Business Administration and a dedicated writer. He enjoys philosophy and debates. He loves cooking and is a petrolhead too!