Like other segments of the digital economy, the Commercial Aircraft Video Surveillance Systems Market is experiencing a powerful growth across the world as Airlines are increasingly aware of the benefits.
With Video surveillance
systems companies can cost-effective ensure the security of personnel and
infrastructure; so the use of video cameras for surveillance inside the
aircraft cabin and at the cockpit doors is increasingly streamlined.
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| Smart video system. |
Increase in passenger traffic;
expansion of airline fleet; growing
emphasis on passenger safety, and increase
in IT budgets of airlines boost growth the demand for video surveillance
systems.
According to to Technavio’s
latest report, the global commercial aircraft
video surveillance systems market is expected to exceed USD 170 million by 2020,
growing at a CAGR of over 4%.
Once can also note that, advanced
and smart video surveillance systems which show clear images even at night and
require less hardware excite the grow of the market.
In Americas, the market for global commercial aircraft video
surveillance systems is expected to exceed USD 60 million by 2020, growing at a
CAGR of over 3%.
In the EMEA region, the market in EMEA is expected to exceed USD 58
million by 2020, growing at a CAGR of over 4%.
Technavio predicts that Passenger
traffic in the Middle East is expected to grow at a CAGR of almost 5% during
the forecast period. Emirates, Qatar Airways, Etihad, and Air Arabia are the
leading airlines contributing to this growth. This in turn leads to the demand
for on-board surveillance systems such as CDSS, EFB.
Increase in passenger traffic and
more, The APAC region can exceed
51 million by 2020, growing at a CAGR of over 6%.
Key Vendors include: