Transportation safety and transportation security market report constitutes of various systems and services for all the modes of transportation including airways, seaways, railways, and roadways. The overall market size is calculated by adding up the market size of various systems and services integrated to provide safety and security to transportation infrastructure and to moving vehicles including video surveillance, access control, screening and scanning, intrusion detection and perimeter protection, fire detection, secure communication, traffic control system, tracking and navigation, and other safety and security systems.
One of the major inhibitors in transportation safety market is the disparities in the government regulations in overseeing and testing new technologies. As a result, a delay has witnessed in the implementation of the plans. The passenger inconvenience is also one of the major inhibitors affecting the growth.
MarketsandMarkets forecasts that airways safety and transportation security market would continue to account for the biggest market share among all modes of transportation during the forecasted period. On the other hand, railways and roadways are expected to have a significant growth during the forecasted period.
Some of the growing markets are:
Railways: Railways market is expected to grow at a higher growth rate in the next 5 years as compared with airways and seaways.
Asia Pacific and Middle East and Africa: These regions are expected to be the lucrative markets in the coming years. These regions are growing due to rise in infrastructural development of critical transportation facilities; also, government is spending huge amount on air, water, and land safety and security-related projects.
Consulting and System Integration Services: Consulting and system integration services are one of the biggest revenue contributors in the transportation safety and transportation security services market.
The transportation safety market report will help the market leaders/new entrants in this market in the following ways:
The report provides detailed segmentation for all modes of transportation further segmented by infrastructure and by mode, providing the closest market forecast for the overall market and market sub-segments. The report analyzes various systems/solutions used for all modes of transportation and provides a split across regions and services.
The transportation security market research report will help the market leaders/new entrants understand the competition and ecosystem with valuable insights to uniquely position their business across the globe. There are separate sections for providing information on the ecosystem, value chain, mergers and acquisition, social trends, and venture capital funding analysis. It also includes the brief company profiles of 15 major vendors in the ecosystem.
