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Increasing Threats And Security Concerns Growth In Mass Transit Security: The Driving Engine Behind Mass Transit Security Market Evolution in 2025
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Mass Transit Security Market Through 2025?
There has been a robust growth in the mass transit security market in the past few years. The market value is projected to rise from $42.88 billion in 2024 to $46.12 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 7.6%. Factors contributing to this growth in the historical period include the adoption of public transportation systems, the demand for cutting-edge security solutions, amplified investments in advanced surveillance, an upsurge in access control systems, the rise in biometrics, and security breaches.
What's the Projected Size of the Global Mass Transit Security Market by 2029?
The market size for mass transit security is forecasted to experience robust expansion in the coming years, reaching $58.52 billion in 2029 with a compound annual growth rate (CAGR) of 6.1%. This anticipated increase during the forecast period could be due to a rise in public incidents, the implementation of biometric identification systems, threats of terrorism, public enlightenment and collaboration, along with geopolitical conflicts. Key trends during the predicted period are likely to include AI-powered threat recognition, improved biometric identification, security for internet of things (IoT), mobile security solutions, as well as drone detection and alleviation.
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Top Growth Drivers in the Mass Transit Security Industry: What's Accelerating the Market?
The growth of the mass transit security market is projected to surge due to escalating threats and security concerns. These terms represent any possible hazardous incident or danger capable of exploiting a weakness to inflict harm on individuals. The public transit settings might become targets of criminal activities, such as assaults, theft, and vandalism. The significance of mass transit security lies in its ability to deploy measures shielding passengers, infrastructure, and operations from different threats. For instance, the Department for Science, Innovation and Technology, a UK governmental entity, stated in April 2024 that approximately 22% of businesses and 14% of charities had experienced cybercrime incidents in the preceding year. This percentage escalates to 45% with respect to medium-sized businesses, 58% for large businesses, and 37% for wealthy charities. On the other hand, among the 50% of businesses and 32% of charities that reported cybersecurity breaches or attacks, a bit more than two-fifths (constituting 44% of businesses and 42% of charities) were eventually subjected to cybercrime. Consequently, the intensifying threats and security issues are fueling the expansion of the mass transit security market.
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What Trends Will Shape the Mass Transit Security Market Through 2029 and Beyond?
Leading businesses in the mass transit security market are directing their efforts towards the creation of new technologies like the AI-powered video analytics platform. This platform utilizes AI techniques to create meaningful and actionable observations and results from digital video. For instance, PRAMA, a video security product manufacturer based in India, introduced transport security breakthroughs in October 2024. These included AI-integrated cameras and traffic management systems. PRAMA's transportation offerings particularly target the security of transport hubs, presenting a cutting-edge video surveillance system with a Command and Control feature for active video data supervision. These products are specifically tailored to improve vehicle security and traffic management, thus guaranteeing a safe and efficient environment for travelers, vehicle, and pedestrians.
What Are the Main Segments in the Mass Transit Security Market?
The mass transit securitymarket covered in this report is segmented -
1) By Type: Airways Transit Security, Seaways Transit Security, Roadways Transit Security, Railways Transit Security, Other Types
2) By Service Type: Managed Services, Professional Services
3) By Solution: Surveillance and Monitoring, Screening System, Biometric Security And Authentication System, Fire Safety And Detection System, Perimeter Intrusion Detection, Access Control, Other Solutions
4) By Application: Homeland Security, Industrial, Retail And Payment Industries, Logistics And Transportation Industries, Healthcare, Other Applications
Subsegments:
1) By Airways Transit Security: Airport Security Screening, Passenger And Baggage Screening, Perimeter Security Systems
2) By Seaways Transit Security: Port Security Solutions, Vessel Monitoring Systems, Cargo Security Measures
3) By Roadways Transit Security: Vehicle Surveillance Systems, Traffic Management Solutions, Emergency Response Systems
4) By Railways Transit Security: Train Surveillance Systems, Station Security Solutions, Rail Network Monitoring
5) By Other Types: Emergency Services Security, Public Transport Security Systems, Event Security Management
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Which Top Companies are Driving Growth in the Mass Transit Security Market?
Major companies operating in the mass transit security market are Siemens AG, Panasonic Corporation, Cisco Systems Inc., Hanwha Group, Honeywell International Inc, Johnson Controls International PLC, Thales Group, Tyco International PLC, L3Harris Technologies Inc, Analog Devices Inc., Hikvision Digital Technology Co. Ltd, Bosch Security Systems Inc., NICE Systems Ltd., Axis Communications AB, OSI Systems Inc, Kratos Defense & Security Solutions Inc. (KTOS), Flir Systems Inc., Smiths Detection Inc, Avigilon Corporation, Nuctech Company Limited, Rapiscan Systems Inc, Genetec Inc., Analogic Corporation, Teleste, SDI Presence LLC, March Networks Corporation, IndigoVision Group PLC, High Rise Security Systems LLC, AngelTrax, Fortem Technologies Inc.
Which Regions Will Dominate the Mass Transit Security Market Through 2029?
North America was the largest region in the mass transit security market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mass transit security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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