Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, the Global Transportation Security System Market Size Expected to Grow from USD 17.24 Billion in 2023 to USD 38.18 Billion by 2033, at a CAGR of 8.28% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Transportation Security System Market Size, Share, and COVID-19 Impact Analysis, By System Outlook (Video surveillance, Passenger & baggage screening system), By Mode of Transportation (Airways, Seaways, Roadways, Railways), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033
A transportation security measure encompasses a variety of techniques, devices, and protocols designed to protect motor vehicles, passengers, and the transportation network against risk factors like criminal activity, terrorist acts, and other types of illegal activity. It gives real-time services like interaction, supervision, tracking, and collecting and sharing data that can aid in threat prevention. This industry provides a broad spectrum of goods and services aimed at cutting risks, avoiding errors, and safeguarding against criminal action on highways, railways, aircraft, watercraft, and other transit. Furthermore, the market is being propelled by a growing need for stringent safety regulations, the surge in criminal activity and terrorism, and the expanding adoption of advanced technologies such as artificial intelligence (AI) and the Internet of Things (IoT). However, the market growth for transportation security systems has been hampered by interruptions in the execution of plans, excessive monitoring costs, and passenger discomfort.
The video surveillance segment is anticipated to hold the largest share of the global transportation security system market during the forecast period.
On the basis of system outlook, the global transportation security system market is classified into video surveillance and passenger & baggage screening system. Among these, the video surveillance segment is anticipated to hold the largest share of the global transportation security system market during the forecast period. In transportation security systems, video inspection which uses photographic equipment, monitoring, and storage gadgets to track and safeguard transportation networks such as highways, train stations, and airports is expanding significantly. The expansion has been prompted by an increasing requirement for protection, improvements in technology, and the integration of learning algorithms (ML) and computational intelligence (AI).
The roadway segment is projected to dominate the market revenue share in the forecast period.
On the basis of the mode of transportation, the global transportation security system market is categorized into airways, seaways, roadways, and railways. Among these, the roadway segment is projected to dominate the market revenue share in the forecast period. Their approach involves collecting statistics in actual time, investigating traffic patterns, and implementing strategies like adaptive traffic signal management into execution with tools like loop detectors, traffic cameras, and vehicle-to-infrastructure communication. ALPR systems use optical character recognition to extract information from images or video footage of license plates. So, this segment boosts the market.
Asia Pacific is predicted to hold a significant share of the global transportation security system market over the forecast period.
The growth of the market is being ascribed to increasing railroad fatalities or accidents. In addition to building government efforts that enhance transit reliability and security. The market will also expand as an outcome of innovations in technology that use AI or IoT-based security for transport or surveillance, the setup of video surveillance cameras on roadways to prevent incidents or reckless driving, and the growing trend of automated security. Nations like India, Japan, and China are assisting the regional market expansion.
Europe is anticipated to grow at the fastest CAGR growth of the global transportation security system market during the forecast period. The region has a well-established transportation infrastructure, and strict rules and regulations imposed by federal authorities could help with expansion and revenue-oriented market footsteps. These regions' development is driven due to a greater understanding of security in transportation and substantial expenditures in transportation infrastructure and safety improvements.
Competitive Analysis
Major vendors in the global transportation security system market are Alstom, Honeywell Security, Kapsch TrafficCom, L3Harris Technologies, Lockheed Martin, OSI Systems, Rapiscan Systems, Raytheon Technologies, Security Electronic, Smiths Detection, United Technologies, NCC Group, and Others.
Key Target Audience
Recent Development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global transportation security system market based on the below-mentioned segments:
Global Transportation Security System Market, By System Outlook
Global Transportation Security System Market, By Mode of Transportation
Global Transportation Security System Market, By Regional
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