Transportation Security Technology Market With Top Booming Companies At a CAGR of 8.0 by 2025

The Transportation Security Technology Market is expected to grow steadily, driven by advancements in AI, biometrics, and increased global security demands.

WILMINGTON, DE, UNITED STATES, November 27, 2024 /EINPresswire.com/ -- According to a recent report published by Allied Market Research, titled, the global transportation security technology market size was valued at $33,130.0 million in 2017 and is projected to reach $61,272.1 million by 2025, growing at a CAGR of 8.0% from 2018 to 2025.

Transportation security technology finds applications in various industry segments, to confirm safety of goods, products, or people in travel. This technology is majorly used in airport security, courier companies, railway departments, mass transit, logistics, port security, and returnable transport items. The demand for transportation security equipment has been increasing significantly, owing to the advanced security while in transit.

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Transportation Security Technology Market is focused on the development and implementation of security solutions designed to protect various forms of transportation, including aviation, rail, maritime, and road. This market includes technologies that enhance the safety and security of passengers, goods, and infrastructure from threats like terrorism, theft, and accidents.

Market Opportunities:

1. Smart City Integrations: As urban areas adopt more smart technologies, the integration of transportation security with broader smart city initiatives presents new opportunities.

2. Growth in Emerging Markets: As countries in Asia-Pacific, Latin America, and the Middle East continue to develop their infrastructure, demand for transportation security solutions is expected to grow.

The Transportation Security Technology Market can be segmented into several key areas based on the types of technologies and applications they support. The primary segments include access control systems, which ensure secure entry to transport hubs like airports, ports, and stations; surveillance and monitoring systems, which use cameras and sensors to provide real-time threat detection and analysis; biometric security technologies, such as facial recognition and fingerprint scanning, which enhance identification accuracy and security; cargo and baggage screening, involving advanced scanning technologies like X-ray and CT systems to detect hidden threats; and intrusion detection and prevention systems for protecting transport infrastructure from unauthorized access.

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The market also includes cybersecurity solutions to safeguard critical transportation networks from cyber threats, and communication systems that enable seamless and secure information sharing between security personnel. These segments address the growing need for enhanced security across air, sea, rail, and road transportation, driven by the increasing threats of terrorism, smuggling, and cyber attacks. Additionally, there is a focus on automated security systems and AI-based analytics for proactive threat management and rapid response capabilities.

At present, the North America region dominates the global transportation security technology market. The region has major players offering advanced solutions. This is attributed to the extensive adoption of advanced technology by the region for the security of public and infrastructure, which is expected to propel the market growth. An example of such adoption is the Canadian Air Transport Security Authority (CASTA), which is an agent crown corporation funded by the government. In 2017, CASTA screened over 68.1 million passengers and their belongings at airport checkpoints across the country.

In the transportation mode segment, the airway sub-segment dominated the market in 2017, owing to the highest availability of airports throughout the world.

KEY FINDINGS OF THE STUDY

1. In 2017, the airway sub-segment generated the highest revenue in the global transportation security technology market.

2. In 2017, the video surveillance sub-segment generated the highest revenue among the application segment in the global transportation security technology market.

The key market players profiled in the report include 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, and Kapsch.

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Market Trends:

Increase in Global Terrorism Threats: The rise in threats such as terrorism has increased the demand for more advanced security measures in transportation sectors, particularly in airports and critical infrastructure.

Adoption of AI and Automation: AI-driven solutions, including facial recognition, anomaly detection, and predictive analytics, are becoming increasingly common to enhance real-time decision-making in security processes.

Integrated Security Systems: There is a trend towards integrated security systems that combine multiple technologies (surveillance, detection, access control, and cybersecurity) into a cohesive solution for transportation authorities.

Regulatory Compliance: Governments around the world are enacting stricter regulations on transportation security, which is driving investment in technology upgrades.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

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