The world aviation security market will be worth $18.71 billion this year, according to a new report that warns of continued internal and external threats to airports and aircraft.

The Visiongain report, entitled ‘World Aviation Security Market 2013-2023,’ states that threats to aviation in many countries across the world have resulted in an increasing emphasis on security over the last decade or so.

“The evolution of the threat means that aviation security programmes are critical and need to be assessed on a regular basis. But it is becoming apparent that the recent surge in spending may be over. Governments in many mature markets are under pressure to cut spending and this will invariably have a knock on effect on national aviation security markets,” the report said.

“Furthermore many of these programmes are coming towards the end. Whilst these factors will restrain growth in these mature national markets, in emerging markets new build rates and the need to harmonise aviation security measures will drive growth.”

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