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Global Transportation Security Technology Market 2017 - Industry Analysis, Size, Share and Forecast to 2022

Global Market Research Report on Transportation Security Technology Market 2017 is a professional and in-depth complete study on the current state of the Transportation Security Technology worldwide.

 

Deerfield Beach, FL -- (SBWIRE) -- 07/20/2017 -- The global Transportation Security Technology market is segmented based on its applications such as video surveillance, biological & chemical, nuclear & radiological detection, perimeter intrusion detection and access control. Video surveillance is most commonly used application amongst all others. Various modes of transportation are roadways, airways, waterways and railways. Security is an important factor in spite of the mode of transportation used. The Railways, amongst all modes of transportation, is expected to grow at a faster pace in next 5 years as compared to airways and waterways. The significant increase in the transportation security market is due its advanced security methods. The constant need of public safety, massive infrastructural development and business continuity are some of the major drivers for the growth of this market. A huge number of passengers travel through all modes of transport; therefore, such modes of transport are vulnerable to terrorist attacks, which gives the transportation security technology a further push towards growth. Implementing the security applications in all modes of transportation and its high investment cost are the some challenges in this market.

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Transportation security constitutes of various systems and services to provide security in all modes of transportation's, viz. 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. Services such as consultancy & system integration services, Risk Assessment and Analysis Services, and Managed services are some of the services provided in transportation security technology market. Consultancy & system integration services are the major contributors of revenue in the transportation security market. The regions such as Asia-Pacific, Middle East and Africa are expected to be most lucrative market in the coming years. The reasons for these markets to growth are the rise in infrastructural development and the government's plan to invest more on the security related concerns in these regions. The North America region is expected to have the largest security market share followed by Europe.

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MARKET BY TRANSPORTATION MODES

Airways
Waterways
Roadways
Railways

MARKET BY TRANSPORTATION APPLICATIONS

Video Surveillance
Biological & Chemical
Nuclear & Radiological Detection
Perimeter Intrusion Detection and Access Control

MARKET BY TRANSPORTATION TECHNOLOGY

Bottled liquids Scanner (BLS)
Biometrics
Explosive Detection System (EDS)
Explosive Trace Detection (ETD)

MARKET BY SERVICES

Consulting and System Integration Services
Risk Assessment and Analysis Services
Technical Assistance and Training Services
Managed Services

MARKET BY GEOGRAPHY

North America
Europe
Asia-Pacific
LAMEA