The Global Transportation Security Market is anticipated to grow at a significant rate during the forecast period. The transportation security market is projected to account for a value of around USD 36 billion in the year 2018 and is expected to grow at a CAGR of more than 8% from 2018, to reach a value of approximately USD 65 billion by the year 2025. The transportation security market driven by rising urbanization, technological advancements, growing demand for transportation facilities, and increasing investments from the various country governments is further expected to propel the need for the transportation security market globally. Significant limitations of the market are high initial costs and problems related to security, which are expected to act as restraints in the market.
Different drivers of the transportation security market are the technological advancements in the transportation sector, the constant increase in need from the public, and the scope of development of infrastructure facilities worldwide.
The Airport segment from the transportation mode section is projected to be the fastest-growing segment of the transportation security market during the forecast period.
The Airport segment in the market is anticipated to be the fastest developing transportation mode; a majority of the airports across the world are investing in the advanced technologies to serve better to their customers. Additionally, the increase in the number of passenger footprint among the global airports during recent years is further expected to propel the demand for the transportation security market in the airport segment.
The video surveillance segment from the form section is projected to be the fastest-growing application in the transportation security market during the forecast period.
The video surveillance segment, from the application of the transportation security market, is anticipated to hold the most significant market share in the transportation security market during the conjecture time frame. Video surveillance is currently using several transportation facilities for the surveillance and identification of passengers. Over the past few years, the usage of video surveillance has become significantly used full in airports, railway stations, and transportation & logistics centers across the world.
North American and Europe regions hold a significant amount of share in the transportation security market
North American and Europe nations are robustly expanding their transportation security for the public and transportation infrastructure. The development of the transportation security market in the North American and Europe regions is majorly due to the adoption of advanced technologies such as video surveillance and passenger & baggage screening system used in both railway stations and airports across these regions. Regions comprised of multiple companies, and the adoption of advanced technologies by the customers in the region is expected to propel the demand for the transportation security market in these regions during the forecast period.
Global transportation security Market: Competitive Insight
Raytheon Company, Smiths Detection, Inc., Security Electronic Equipment Co. Ltd., Lockheed Martin, L-3 Communications Holdings, Inc., Honeywell International, Inc., Rapiscan Systems, United Technologies Corporation, Alstom, and Kapsch, are some of the major players in the global transportation security market.
Scope of the Report
By Transportation Mode
· Video surveillance
· Passenger & baggage screening system
· Cargo inspection system
· Perimeter intrusion detection
· Access control
· Nuclear & radiological detection
· Fire safety & detection system
· Tracking & navigation system
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The in-depth analysis of the report provides the growth potential, upcoming trends and statistics of global transportation security market size & forecast. The report promises to provide state-of-the-art technology of Transportation security production and industry insights which help decision makers to take sound strategic decisions. Furthermore, the report also analyzes the market drivers and challenges and competitive analysis of the market.
1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Research Methodology
3. Executive Summary
4. Industry Insights
4.1. Industry Impact and Forces
4.1.1. Growth Drivers
4.2. Technology Landscape
4.3. Regulatory Framework
4.4. Company Share Analysis, 2018
4.5. Growth potential Analysis
4.6. Strategic Outlook
4.7. Porter's analysis
4.8. PESTEL analysis
5. Global Transportation Security Market Overview
5.1. Market Size & Forecast
5.1.1. By Value (USD Million)
5.2. Market Share & Forecast
5.2.1. By Transportation Mode
5.2.2. By Application
18.104.22.168. Video surveillance
22.214.171.124. Passenger & baggage screening system
126.96.36.199. Cargo inspection system
188.8.131.52. Perimeter intrusion detection
184.108.40.206. Access control
220.127.116.11. Nuclear & radiological detection
18.104.22.168. Fire safety & detection system
22.214.171.124. Tracking & navigation system
5.2.3. By Region
126.96.36.199. North America
188.8.131.52. Asia Pacific
184.108.40.206. South America
220.127.116.11. Middle East & Africa
6. North America Transportation Security Market Overview
6.1. Market Size & Forecast, 2015-2025
6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
6.2.1. By Transportation Mode
6.2.2. By Application
6.2.3. By Country
7. Europe Transportation Security Market Overview
7.1. Market Size & Forecast, 2015-2025
7.1.1. By Value (USD Million)
7.2. Market Share & Forecast
7.2.1. By Transportation Mode
7.2.2. By Application
7.2.3. By Country
8. Asia Pacific Transportation Security Market Overview
8.1. Market Size & Forecast, 2015-2025
8.1.1. By Value (USD Million)
8.2. Market Share & Forecast
8.2.1. By Transportation Mode
8.2.2. By Application
8.2.3. By Country
18.104.22.168. Southeast Asia
9. Latin America Transportation Security Market Overview
9.1. Market Size & Forecast, 2015-2025
9.1.1. By Value (USD Million)
9.2. Market Share & Forecast
9.2.1. By Transportation Mode
9.2.2. By Application
9.2.3. By Country
10. Middle East & Africa Transportation Security Market Overview
10.1. Market Size & Forecast, 2015-2025
10.1.1. By Value (USD Million)
10.2. Market Share & Forecast
10.2.1. By Transportation Mode
10.2.2. By Application
10.2.3. By Country
10.2.3.1. Saudi Arabia
10.2.3.3. South Africa
11. Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, SWOT Analysis and Strategic Outlook)
11.1. Raytheon Company
11.2. Smiths Detection, Inc.
11.3. Security Electronic Equipment Co. Ltd.
11.4. Lockheed Martin
11.5. L-3 Communications Holdings, Inc.
11.6. Honeywell International, Inc.
11.7. Rapiscan Systems
11.8. United Technologies Corporation
11.11. Other Prominent Players
*Financial Details Not Be Captured in Case of Unlisted Companies
The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable