New Delhi: The country's aviation security market is likely to cross Rs 31,000 crore by 2015 from the current level of over Rs 16,000 crore, says a study by industry body Assocham.
The airport security market, which comprises segments like security, disaster response, identification, manning and cyber security is currently growing at a compounded annual growth rate (CAGR) of about 25%, according to a study titled 'India Homeland Security Market: An Emerging Opportunity'.
"Upgradation of security mechanism at existing airports, replacement of security equipment as well as procurement for planned Greenfield airports together with growth in number of airports, travellers and expansion in cargo traffic would certainly drive the aviation security market in India," Assocham Secretary General D S Rawat said.
Upgradation and integration would be the focus areas for capacity building in airport security while the digital surveillance technology, perimeter control equipment, access control and emergency response are certain core areas in this regard, he added.
Read news in full 21/08/13 PTI/Business Standard
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