Market in Decline: Airport Perimeter Security
This post is also available in: עברית (Hebrew)
U.S. airport perimeter manufacturers — makers of fences, gates, sensors and cameras — will likely face a steep drop in demand over the next several years, one report found.
Demand for airport perimeter systems and barriers skyrocketed after 9/11. Between 2001 and 2011, they garnered nearly $650 million. But funding is expected to taper off as demand weakens.
IHLS – Israel Homeland Security
In 2012, nearly $69 million was invested in airport perimeter-security measures. By 2017, that number will drop to an estimated $47.5 million per year, the study found.
While the outlook for the fencing-and-gate side of the market appears grim, the security enhancement sector — which includes cameras and sensors — looks rosier according to experts. Part of the reason for the declining security spending is that there has never been a breach of airport perimeters that resulted in tragedy the experts said.