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Rising Demand For Smart Transportation Drives Growth In The Transportation And Security System Market: A Significant Driver Propelling The Transportation And Security System Market In 2025
Transportation And Security System Market
What Is the Transportation And Security System Market Size and Projected Growth Rate?
The market size for the transportation and security system has experienced speedy growth in recent years. The market is set to expand from $18.4 billion in 2024 to $20.4 billion in 2025, with a compound annual growth rate (CAGR) of 10.9%. Factors that contributed to the significant growth during the historic period include enhanced efficiency, the reduction of traffic congestion, and better user experience resulting from smart transportation systems. The market has also seen considerable growth due to an increase in urbanization, population growth, cybersecurity issues, and initiatives for smart cities.
The market for transportation and security systems is projected to witness robust expansion in the coming years, swelling to a value of $29.13 billion by 2029 with a compound annual growth rate (CAGR) of 9.3%. The strong momentum during the forecast period is largely driven by the acceleration in urbanization boosting the cold storage sector, a surge in demand for smart transit solutions, legislative measures, environmentally sustainable initiatives, and traffic congestion. The upcoming trends during the forecast period incorporate progress in CCTV and inspection technologies, technological enhancements, developments in surveillance, integration of artificial intelligence and machine learning, and cybersecurity provisions.
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What Are the Major 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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What Are The Driving Transportation And Security System Market Evolution?
The growth of the transportation and security system market is predicted to be driven by increasing demand for intelligent transportation systems. These involve the incorporation of contemporary technology and management methods to enhance safety, convenience, and efficiency within transportation mechanisms. Transportation and security systems provide the necessary infrastructure, technologies, and services towards realizing smart transportation needs by fostering efficient, sustainable, and safe transportation networks. For instance, a report by the US-based nonprofit organization, the Insurance Institute for Highway Safety, projected in December 2022 that American roads would see a surge in autonomous vehicles, with an estimated 3.5 million by 2025 and an expected 4.5 million by 2030. Hence, the escalating demand for intelligent transportation plays a crucial role in propelling the transportation and security system market's development.
Which Firms Dominate The Transportation And Security System Market Segments?
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 Trends Are Expected to Dominate the Transportation And Security System Market in the Next 5 Years?
Leading entities involved in the transport and security system arena are producing novel solutions such as passenger screening systems to detect and block unlawful objects and threats from penetrating the sanitized regions of airports. This system is a unique kind of passenger screening technique utilized in transportation security. For illustration, Vanderlande Industries BV, an automated material handling systems and service firm from the Netherlands, released PAX MX2, a novel airport passenger checkpoint solution, in January 2023. This inventive method provides the effectiveness of two traditional lanes using fewer staff and machines by enabling passengers to eliminate and collect their carry-on baggage from two concurrent tracks, both pre and post the screening operation. The dual-lane approach of PAX MX2 improves security checks at airports, making the method more streamlined. It accelerates screening protocols while maximizing the checkpoint area and screening instruments.
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Which Is The Largest Region In 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Transportation And Security System Market?
2. What is the CAGR expected in the Transportation And Security System Market?
3. What Are the Key Innovations Transforming the Transportation And Security System Industry?
4. Which Region Is Leading the Transportation And Security System Market?
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