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Key Transportation And Security System Market Trend for 2025-2034: Innovative Security Screening Solutions In The Transportation Industry
Transportation And Security System Market Size
The size of the transportation and security system market has seen rapid expansion in the past few years. Projected growth indicates an increase from $18.4 billion in 2024 to $20.4 billion in 2025, with a compound annual growth rate (CAGR) of 10.9%. Factors contributing to this historical growth include enhanced efficiency in traffic reduction, an improved consumer experience due to intelligent transportation systems, growing urbanization, a rise in population, cybersecurity issues, and initiatives for smart cities.
The market size for the transportation and security system industry is projected to experience substantial growth in the coming years, reaching $29.13 billion in 2029 with a compound annual growth rate (CAGR) of 9.3%. Factors contributing to this surge within the forecast period include increasing urbanization driving sales in the cold storage sector, growing demand for intelligent transportation, government policies, environmental sustainability, and traffic congestion. In the forecast period, significant trends are expected to be seen, such as advancements in video surveillance and screening technologies, technological progress, improvements in surveillance technologies, the integration of artificial intelligence and machine learning, and cybersecurity solutions.
What Is Stimulating Growth in the Transportation And Security System Market?
The transportation and security system market is likely to experience growth due to the increasing needs for smart transportation. Smart transportation involves the use of innovative technologies and management methods in transportation systems to increase efficiency, safety, and comfort. Transportation and security systems contribute to smart transportation efforts by offering the necessary infrastructure, technology, and services to develop efficient, safe, and sustainable transportation networks. For instance, a report from the US-based non-profit - Insurance Institute for Highway Safety - in December 2022 projected that American roads will see an increase of 3.5 million autonomous or self-driving vehicles by 2025. That number is expected to reach 4.5 million by 2030. Consequently, the burgeoning demand for smart transportation is fueling the expansion of the transportation and security system market.
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Which Key Market Leaders Are Driving Transportation And Security System Industry Growth?
Major companies operating in the transportation and security system market are Bosch GmbH, Siemens AG, Raytheon Technologies Corporation, Lockheed Martin Corporation, Cisco Systems Inc., Honeywell International Inc., Broadcom Inc., ABB Ltd., BAE Systems plc, NEC Corporation, Safran SA, Thales Group, Alstom SA, L3Harris Technologies Inc., Leidos Holdings Inc., Assa Abloy AB, Hangzhou Hikvision Digital Technology Co. Ltd., ADT Inc., Fortinet Inc., Saab AB, Smiths Group plc, NortonLifeLock Inc., QinetiQ Group plc, Cubic Corporation, OSI Systems Inc., FLIR Systems Inc., Kapsch TrafficCom AG, Rapiscan Systems Inc., ORBCOMM Inc.
What Are the Emerging Trends in the Transportation And Security System Industry?
Leading businesses in transportation and security systems are bringing forth inventive products such as passenger screening systems to impede the infiltration of restricted items and threats into protected airport areas. These screening systems are specifically used for transportation security purposes. For instance, Vanderlande Industries BV, a Dutch provider of automated material handling systems and services, introduced the PAX MX2, a novel airport passenger checkpoint solution, in January 2023. The ingenuity of this system lies in its ability to match the productivity of two conventional lanes with fewer personnel and less equipment. This is accomplished by allowing passengers to deposit and reclaim their hand luggage from two parallel lines pre and post-security screening. The dual-lane feature of the PAX MX2 amplifies the efficacy of airport security checks, increasing overall efficiency. It also enhances the screening procedure pace while optimizing the use of checkpoint space and screening equipment.
What Are the Main Segments in the Transportation And Security System Market?
The transportation and security system market covered in this report is segmented -
1) By Component: Surveillance Systems, Access Control Systems, Perimeter Intrusion Detection Systems, Biometric Identification Systems, Command And Control Centers
2) By Modes: Roadways, Railways, Airways, Seaways
3) By Application: Critical Infrastructure Protection, Passenger Screening And Safety, Traffic Monitoring And Management, Freight And Cargo Security
Subsegments:
1) By Surveillance Systems: Video Surveillance Cameras (CCTV), Video Analytics, Video Management Software (VMS), Sensors And Detectors, Pan-Tilt-Zoom (PTZ) Cameras
2) By Access Control Systems: Card-Based Access Control, Biometric Access Control, Smart Card Access Control, Mobile-Based Access Control, Keypad And PIN Access Control
3) By Perimeter Intrusion Detection Systems: Fence Mounted Detection Systems, Ground-Based Detection Systems, Motion Detectors, Laser-Based Intrusion Detection, Radar And Acoustic Sensors
4) By Biometric Identification Systems: Fingerprint Recognition, Facial Recognition, Iris Recognition, Voice Recognition, Hand Geometry Recognition
5) By Command And Control Centers: Security Management Systems, Emergency Response Systems, Integrated Communication Systems, Data Analytics And Visualization Tools, Incident Management Systems
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Which Geographic Area Leads the Transportation And Security System Market?
Asia-Pacific was the largest region in the transportation and security system market in 2024. The regions covered in the transportation and security system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Transportation And Security System Global Market Report?
- Market Size Analysis: Analyze the Transportation And Security System Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Transportation And Security System Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Transportation And Security System Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Transportation And Security System Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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