Press release
Research focused on the Transportation Security System market forecast 2014-2025
Transportation security constitutes of various systems and services to provide security in all modes of transportations, which include airways, waterways, roadways, and railways. The topic aims to provide an intense study on the security solutions exclusively used in transportation field. The Transportation Security Administration (TSA) is an agency of the U.S. department of Homeland Security that exercises authority over the public transport in US. The transportation security market is lucrative market due to increase in security requirements and rapid change in regulatory requirements. The research focuses on the various technologies used in securing the modes of transports. The global transportation security system market is expected to grow at a CAGR of 9.3% from 2017 to 2025.Based on transportation modes, the global transportation security system market is segmented as airways, waterways, roadways, and railways. Based on transportation applications, the market is segmented as video surveillance, biological & chemical, nuclear & radiological detection, and perimeter intrusion detection, and access control. On the basis of transportation technology, the market is divided as bottled liquid scanner, biometrics, explosive detection system, and explosive trace detection. Based on services, the market is segmented as consulting and system integration services, risk assessment and analysis services, technical assistance and training services, and managed services. Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.
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Market Dynamics:
Drivers:
• Constant need of public safety
• Massive infrastructural development
• Business continuity
Restraints:
• Implementing the security applications in all modes of transportation
• High investment cost
Market Players:
The top players in the global transportation security system market include Shenzhen Security Electronic Equipment Co. Ltd., Mil-Spec Industries Corp., Modular Connections LLC, Sierra Monitor Corp., Honeywell, Alstom S.A., L-3 Communications Holdings Inc., Kapsch group, Lockheed Martin, and Kejo Limited Co.
MARKET LANDSCAPE
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By Transportation Modes
• Airways
• Waterways
• Roadways
• Railways
By Transportation Applications
• Video Surveillance
• Biological & Chemical
• Nuclear & Radiological Detection
• Perimeter Intrusion Detection and Access Control
By Transportation Technology
• Bottled Liquid Scanners (BLS)
• Biometrics
• Explosive Detection System (EDS)
• Explosive Trace Detection (ETD)
By Services
• Consulting and System Integration Services
• Risk Assessment and Analysis Services
• Technical Assistance and Training Services
• Managed Services
By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Spain
o Italy
o Rest of Europe
• Asia-Pacific
o China
o Japan
o India
o Australia
o South Korea
o Rest of Asia-Pacific
• LAMEA
o Brazil
o Saudi Arabia
o South Africa
o Rest of LAMEA
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