Transportation Security Technology Market Outlook: Raytheon, Smiths Detection, Inc., Security Electronic Equipment Co. Ltd., Lockheed Martin, L-3 Communications Holdings, Inc., Honeywell International and More

Researchbeam.com has added a new “Transportation Security Technology Market by Transportation Mode and by Application - Global Opportunity Analysis and Industry Forecast, 2018-2025” focusing on global major leading players with information such as company profiles, market trend, share and forecast.

The global transportation security technology market has registered a significant growth, owing to the rise in need for public safety. The Transportation Security Administration (TSA) is an agency of the U.S. Department of Homeland Security, which has an authority over the security of the public travelling in the United States. TSA’s aim is to ensure the most effective and efficient transportation security. It shoulders the responsibility for the security of over 20,000 domestic flights per day and over 2,000 outbound international flights per day. TSA also screens approximately 2 million passengers per day and over 700 million passengers every year.

Request a sample copy of this research at: https://www.researchbeam.com/transportation-security-technology-market/request-sample?utm_source=OPR&utm_medium=CC

The Asia-Pacific region is expected to register substantial growth during the forecast period, owing to government incentives encouraging public safety and security concerns in the region. The high investment cost involved in adopting enhanced security technologies by developing economies serves as the major restraint to the market growth. However, emerging technologies in video surveillance and screening along with high return on investment from enhanced security offer lucrative opportunities for the market growth.

The transportation security technology market is segmented by transportation mode, application, and region. The various transportation modes are airway, waterway, railway, and roadway. As per application, the market is categorized into video surveillance, passenger & baggage system, cargo inspection system, perimeter intrusion detection, access control, nuclear & radiology detection, fire safety & detection system, tracking & navigation system, and others. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and Latin America Middle East and Africa (LAMEA).

The key market players profiled in the report include Raytheon Company, Smiths Detection, Inc., Security Electronic Equipment Co. Ltd., Lockheed Martin, L-3 Communications Holdings, Inc., Honeywell International, Inc., Rapiscan Systems, United Technologies Corporation, Alstom, and Kapsch.

Get a discount on this research report at: https://www.researchbeam.com/transportation-security-technology-market/purchase-enquiry?utm_source=OPR&utm_medium=CC

These players adhere to vital market strategies, such as mergers, acquisitions, collaborations, and partnerships, to expand their market reach and thereby, retain their positions in the competitive market.

Related Report:

2018-2023 Global Transportation Management Systems (TMS) Market Report (Status and Outlook)

Over the next five years, the research study projects that the global Transportation Management Systems (TMS) will register a 14.8% CAGR in terms of revenue, reach US$ 3640 million by 2023, from US$ 1830 million in 2017.

The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report are JDA Software, Oracle Corporation, Manhattan Associates, Descartes, SAP SE, BluJay, TMW Systems, Omnitracs, ORTEC, HighJump, MercuryGate, One Network Enterprises, Precision Software, CargoSmart and Next Generation Logistics.

Read More Info: https://www.researchbeam.com/2018-2023-global-transportation-management-systems-tms-report-status-and-outlook--market?utm_source=OPR&utm_medium=CC

About Us:
Research Beam is a high end and wide online market for market research reports that contain detailed and rational market research. Research Beam is a one stop report destination that offers clients well drafted and accurately analyzed report with insightful data.

We have a large database of quality and precise market research reports that will be very beneficial for your organization. Reports that we sell our authentic in nature and from reputed publishers, hence it can definitely help you with your growth opportunities. Research Beam will always make sure to bring most ethical and high quality reports. We value your relationship with us and look forward for a long term relation.

Contact Us
Global Head Quarters
5933 NE Win Sivers Drive,
#205, Portland, OR 97220
United States
+1 (800) 910-6452
help@researchbeam.com

This release was published on openPR.