Transportation and Security System Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021

Transportation security is essential for ensuring safety, proper and timely operations and a smooth transportation system combined with risk-free traveling. The major components of transportation and security system include passenger safety with the help of proper safety devices. Access control and surveillance are the most important parts of a transportation and security system.

Technological innovation backed by new product development is one of the important factors expected to drive the market in the near future. Considering the increase in threat of terrorism along with rise in the number of people carrying illegal goods, there is a growing requirement for upgrades in detection technology to enable higher safety. Baggage scanning systems need to be upgraded in order to find out hidden threats in the passengers’ baggage.

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Moreover, high definition security cameras are the new level of security likely to drive the market in the near future. Thus, all these factors serve as a major opportunity for the transportation and security system market during the forecast period.

The global transportation and security system market is expected to witness stable growth due to increase in public safety requirements, and enhanced transportation security leading to higher sales of safety devices including metal detectors, explosive detection system, and baggage scanners. Roadways have traditionally dominated the transportation and security system market as this is the most common form of transportation which is used globally. Moreover, there is an exponential increase in the number of vehicles which is further driving the market for security system in transportation.

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The report segments the market into four geographical regions: North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). Increase in terrorism and criminal activities coupled with the rise in illegal smuggling of goods, drugs, and explosives are the key factors driving the transportation and security system market.

The RoW region is another attractive segment for the transportation and security system industry due to the presence of countries such as Brazil, South Africa, Saudi Arabia, the UAE, and Argentina that are growing at a high rate. The transportation and security system industry in Brazil is expected to witness considerable growth due to the rising number of airports which are being built in the country. As a result, there is an increase in the number of air travelers which mandates the installation of security devices in airports. Thus, the RoW transportation and security system market is expected to witness a robust growth rate of 11.1% during the forecast period from 2015 to 2021.