Transportation And Security System Market Expansion Outlook: $28.23 Billion in 2029

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What Is the Projected CAGR for the Transportation And Security System Market from 2024 to 2025?
In recent times, the market size pertaining to transportation and security systems has shown significant growth. This market is projected to expand from an estimated worth of $18.4 billion in 2024 to a value of $20.15 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 9.5%. The growth observed in the past can be linked to factors such as the increase in efficiency derived from smart transport systems, which help in easing traffic congestion and enhancing user experience, thereby assisting in market growth. Other contributing factors include the rise in urbanization, population growth, growing concerns relating to cybersecurity, and initiatives towards establishing smart cities.

What are the Expected Market Size and CAGR for Transportation And Security System by 2029?
The market size for transportation and security systems is projected to experience robust growth in the coming years. The value is anticipated to reach $28.23 billion by 2029, growing at a compound annual growth rate (CAGR) of 8.8%. The market expansion during the forecast period can be linked to the rapid urbanization which is bound to increase sales in the cold storage industry, the increasing demand for intelligent transportation, governmental policies, and environmental sustainability, among other things. Some notable trends expected in this period include advancements in video surveillance and screening technology, technological progress, improvements in surveillance technologies, the incorporation of artificial intelligence and machine learning, and cybersecurity solutions.

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Which Factors Are Driving the Global Transportation And Security System Market Expansion?
The projected growth of the transportation and security system market is anticipated to be fueled by the increasing interest in smart transportation. The term smart transportation refers to the countenance of cutting-edge technologies and effective management techniques in transportation systems to improve efficacy, security and comfort. Infrastructure, technology and necessary services for creating an effective, secure and sustainable transportation network are provided through transportation and security systems for smart transportation initiatives. In December 2022, the Insurance Institute for Highway Safety, a non-profit organization based in the US, published a report predicting that by 2025, there would be 3.5 million autonomous or self-driving cars on the roads of America. Furthermore, by 2030 there is an expectation of 4.5 million autonomous cars on the road. As such, the growing demand for smart transportation becomes a significant catalyst for the expansion of the transportation and security system market.

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Which Segment Currently Holds the Largest Share of 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

Which Major Trends Are Shaping the Future of the Transportation And Security System Industry?
In the transportation and security system market, leading corporations, such as Vanderlande Industries BV, are pioneering new products like passenger screening systems to resist the entry of banned items and threats into the secure areas of airports. These systems are instrumental in improving transportation security. An example of this is the PAX MX2, a novel airport passenger checkpoint solution introduced by Vanderlande Industries BV, an automated material handling systems company based in the Netherlands, in January 2023. This innovative solution maximizes two traditional lanes' efficiency using less manpower and equipment by enabling passengers to place and retrieve their bags from two parallel lanes, both pre and post security check. The distinctive dual-lane feature of the PAX MX2 improves security checks at airports making the process more streamlined. It accelerates the screening process while enhancing the checkpoint area and screening equipment.

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Which Key Players Dominate the Transportation And Security System Industry Globally?
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 Fastest-Growing Regions 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.

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