Transportation Security Technology Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Transportation security technology is used in various industry segments for safety of goods, products, or people while travelling. The technology comprises systems and services that provide security in all modes of transportation namely, airway, waterway, roadway, and railway. The technology is majorly used in airport security, courier companies, railway departments, mass transit, logistics, port security, and returnable transport items. The significantly increasing demand for the transportation security equipment has been owing to the advanced security while in transit.

MARKET DYNAMICS

The growth of the transportation security technology market is driven by the constant need for public safety and massive transportation infrastructural development. However, high investment cost of the technology and problems associated with security applications' implementation in all the modes of transportation hinder the market growth. Furthermore, emerging technologies in video surveillance and screening along with high return on investment from enhanced security offer lucrative opportunities for the market.

MARKET SCOPE

The "Global Transportation Security Technology Market Analysis to 2031" is a specialized and in-depth study of the transportation security technology market with a special focus on the global market trend analysis. The report aims to provide an overview of transportation security technology market with detailed market segmentation by transportation mode, application. The global transportation security technology market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading transportation security technology market player and offers key trends and opportunities in the transportation security technology market.

MARKET SEGMENTATION

The global transportation security technology market is segmented on the basis of transportation mode, application. On the basis of transportation mode, market is segmented as airway, waterway, roadway, railway. On the basis of application, market is segmented as video surveillance, passenger and baggage screening system, cargo inspection system, perimeter intrusion detection, access control, nuclear and radiological detection, fire safety and detection system, tracking and navigation system, others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global transportation security technology market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The transportation security technology market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting transportation security technology market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the transportation security technology market in these regions.

Transportation Security Technology Market Report Analysis

Transportation Security Technology Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• 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

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Transportation Mode

• Airway
• Waterway
• Roadway
• Railway

By Application

• Video surveillance
• Passenger and Baggage Screening System
• Cargo Inspection System
• Perimeter Intrusion Detection
• Access Control
• Nuclear and Radiological Detection
• Fire safety and detection system
• Tracking and Navigation System

MARKET PLAYERS

The reports cover key developments in the transportation security technology market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from transportation security technology market are anticipated to lucrative growth opportunities in the future with the rising demand for transportation security technology market. Below mentioned is the list of few companies engaged in the transportation security technology market.

The report also includes the profiles of key transportation security technology market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   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
•   Kapsch
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Transportation Security Technology Market Report Scope