Major Force in the Transportation Security Technology Market 2025: Rising Threat of Terrorism Fuels Growth In Perimeter Intrusion Detection System Market

How Will the Transportation Security Technology Market Grow, and What Is the Projected Market Size?
The market for transportation security technology has been on a robust growth trajectory in the past few years. It is projected that from 2024's market size of $45.3 billion, it will experience an increase to $49.26 billion in 2025, equating to a compound annual growth rate (CAGR) of 8.8%. The historical growth can be traced back to factors such as a heightened demand for public safety, the growing reliance on unmanned aerial vehicles (UAVs) for surveillance and monitoring, a rise in global travel activities, escalating passenger traffic, and government interventions intended to enhance safety and security measures in public transportation.

In the forthcoming years, the transportation security technology market is projected to witness robust growth, escalating to $68.34 billion in 2029 with an 8.5% compound annual growth rate (CAGR). The growth in this forecast period can be credited to the increasing demand for intelligent transportation, heightened concerns about terrorism, theft and additional security threats, the rising inundation of artificial intelligence and machine-learning algorithms in security systems, and a surge in the embrace of cloud-based security solutions. Trends anticipated in the forecast period encompass revolutionary security screening solutions, adoption of breakthroughs in transportation security technologies like biometrics, data analytics, and 3-D/multi-view scanning, use of blockchain technology for secure data exchange and tracking, rising acceptance of emerging technologies in transportation security, and strategic alliances between essential market players.

What Key Elements Are Boosting Growth in the Transportation Security Technology Market?
The escalating risk of terrorism is anticipated to stimulate the expansion of the transportation security technology market in the future. Terrorism, which frequently targets civilians or non-combatants, is the strategic employment of violence or terror to attain political, religious, or ideological objectives. This rise can be attributed to intricate social and political aspects such as grievances, ideology, and geopolitical discord. Transportation security technology enhances intelligent transportation by providing real-time monitoring, threat identification, and response systems, thereby promoting safety and mitigating accident potential. For example, as per the Global Terrorism Index by the Institute for Economics and Peace, an Australian think tank, in December 2023, the death toll from terrorist assaults in 2022 became more severe, with an average of 1.7 fatalities per attack compared to 1.3 in 2021. Consequently, the amplified terror threat is propelling the transportation security technology market's growth.

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Who Are the Major Industry Players Fueling Transportation Security Technology Market Expansion?
Major companies operating in the transportation security technology market are Siemens AG, Rockwell Collins Inc, RTX Corporation, Lockheed Martin Corporation, Honeywell International Inc, ABB Ltd, Safran SA, Thales Group, L3Harris Technologies Inc, ASSA Abloy, ADT Corporation, Daifuku Co. Ltd., Vanderlande Industries B.V., Smiths Group Plc, Bosch Security Systems GmbH, OSI Systems Inc., FLIR Systems Inc., Astrophysics Inc., Vehant Technologies, Kromek Group plc, Cobalt Light Systems Ltd., Todd Research Ltd

Which Key Developments Are Influencing the Transportation Security Technology Market?
Leading firms in the transportation security technology industry are introducing advanced explosive detection systems as an upgrade to their security provisions. These next-generation explosive detection systems utilize advanced technology to boost security by precisely detecting explosives and reducing false alarm incidents at security checkpoints. For example, Agilent Technologies Inc., an instrument and systems manufacturer based in the US, rolled out the Insight200M liquid explosive detection system (LEDS) in November 2022. This sophisticated liquid-explosive detection technology is intended to improve security and operational efficiency at airport checkpoints. The system corresponds with CT scanning technology, providing a high detection rate and a low false alarm frequency. This ensures the rapid and dependable inspection of items, thereby enhancing passenger flow while upholding strict safety protocols.

How Is the Segmentation of the Transportation Security Technology Market Defined?
The transportation security technologymarket covered in this report is segmented -

1) By Technology: Bottled Liquids Scanner, Explosive Detection System, Explosive Trace Detection
2) By Transportation Type: Airways, Waterways, Roadways, Railways
3) By Application: Video Surveillance, Passenger And Baggage Screening System, Cargo Inspection System, Perimeter Intrusion Detection, Access Control, Nuclear And Radiological Detection, Fire Safety And Detection System, Tracking And Navigation System, Other Applications

Subsegments:
1) Bottled Liquids Scanner: Handheld Scanners, Conveyor Belt Scanners
2) Explosive Detection System: Fixed Systems, Portable Systems
3) Explosive Trace Detection: Ion Mobility Spectrometry (IMS), Laser-Induced Breakdown Spectroscopy (LIBS)

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What Is the Leading Region in the Transportation Security Technology Market?
North America was the largest region in the transportation security technology market in 2024. The regions covered in the transportation security technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Transportation Security Technology Global Market Report?

- Market Size Analysis: Analyze the Transportation Security Technology Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Transportation Security Technology 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 Security Technology Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Transportation Security Technology Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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