Passenger Security Market | Size, Growth, Trend and Forecast to 2027
Passenger Security Market The Passenger Security Market is expected to grow at a faster CAGR over the forecast period (2020-2027). The factors driving the growth of Passenger Security Market includes rise in the air passenger traffic, expansion of the tourism industry, increasing deployment of passenger security systems in the public places such as malls, seaports, and airports for scanning passenger’s baggage. As per the Statista Mobility Market Outlook, the Global Travel and Tourism Market was estimated around USD 400 million in 2020 and this figure is predicted to surpass USD 600 million by the end of 2026, which will boost the Passenger Security Market size in the approaching years. Moreover, the growing influence of terrorism activities around the world, rising adoption of advanced technologies such as Artificial Intelligence (AI) and Internet of Things (IoT) and increasing Government expenditure on the infrastructure projects, are some of the additional factors supplement...