Based on modes of transportation, the market is segmented into roadways, railways, airways and seaways. Public safety requirements and massive infrastructural development backed by enhanced transportation security are the major factors for the substantial growth of transportation and security system market globally.
Albany, NY -- (SBWIRE) -- 01/06/2016 -- This is a market research report consists of detailed analysis of transportation and security system market from a global aspect and forecast the market in terms of revenue (USD billion) from 2015 to 2021. This report undergoes a comprehensive analysis of the transportation and security system market from all the various aspects of the market. Drivers and restrains impacting the market are included in the report. Market opportunities of transportation and security system are also included in the report. Transportation security system finds application in all the different modes of transportation which includes roadways, railways, seaways and airways. Transportation security is highly important is it forms the basics of different transportation modes and is essential for a safe and secured journey of passengers.
The reasons for substantial growth in demand for transportation security are the exponential increase in terrorist activities coupled with increase in criminal activities such as smuggling of drugs and prohibited items through airways, and seaways in the countries of Asia Pacific. These factors are responsible for increase in demand in transportation and security system market. Moreover, the increasing awareness about vehicle safety is also driving the growth of transportation and security system market as people are getting more conscious about road safety. Moreover the Government norms and regulation on public transport safety is also driving the transportation and security system market globally.
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Asia Pacific is a very attractive market for transportation and security systems with a substantial demand for security instruments and devices in countries such as India, China, and Japan due to increase in road and air transport which requires a number of security measures to be implemented in order to ensure safe and secured transportation. Increase in the number of terrorist activities in the region is also another factor behind the rising demand for transportation and security systems.
Access control and surveillance are the most important parts of a transportation and security system. Based on systems, the transportation and security system market can be further segmented into: access control, surveillance, fire safety, scanning and biometrics. Access control held the largest market share in 2014 due to increase in terrorist activities backed by the rise in smuggling of prohibited goods across all modes of transportation globally, the prevention of which requires proper and strict monitoring along with enhanced security scanning. Among the modes of transportation, roadways dominate the global transportation and security system market as compared to railways, airways, and seaways.
The report is segmented by transportation modes, systems and geography. Market drivers, restraints, and opportunities of the transportation and security system market are included in the report. Current market trends from 2015 to 2021 are also highlighted in the study. Future market trends that are expected to influence the market is also included in the report. The report has been segmented into North America, Europe, Asia-Pacific and Rest of the World based on geographic region. The report also includes market scenario current market size and market trends from 2015 to 2021.
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Strategic analysis of the global transportation and security system market and the growth trends for the forecast period 2015 to 2021 is also provided in the report. The scope of the report includes various market segments on a competitive basis based on cross sectional analysis, types, module and in-depth analysis of the transportation and security system market across various geographic segments. The systems used in transportation and security system market include access control, surveillance, scanning, fire safety and biometrics. Company profiles of market leaders are also included in this report to have a detailed overview of the market. Market attractiveness analysis helps to identify the most attractive market in different regions based on product portfolio.
Company market share analysis of the various industry participants along with company overview, financial and business strategies and recent developments in the field of transportation and security system market are provided in the report. Major market participants profiled in this report include Alstom, Honeywell International, Kapsch Group, L-3 Communications, Lockheed Martin, Orbcomm, Smiths Group, Rapiscan Systems Saab Ab-B, and Safran Group among others.
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