The global transportation security technology market was valued at $33,130.0 million in 2017 and is expected to generate revenues of $61,272.1 million by 2025, with a CAGR of 8% from 2021 to 2027. Transportation security technology is used in a variety of industries for the safety of goods and products., Or people while traveling. The technology consists of systems and services that provide security in all means of transport: airways, waterways, roads and railroads. This technology is primarily used in airport security, courier companies, railway departments, public transport, logistics, port security and returnable transport items. The reason for the significant increase in demand for transport security equipment is due to advanced security during transport.
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Company Profile
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 .
Market Segmentation
Transportation Safety and Transportation Security Market Segments:
By Transportation Mode
- Airway
- Waterway
- Roadway
- Railway
By Application
- Video surveillance
- Passenger & baggage screening system
- Cargo inspection system
- Perimeter intrusion detection
- Access control
- Nuclear & radiological detection
- Fire safety & detection system
- Tracking & navigation system
- Others
Scope of the Report
The research study analyzes the global Transportation Safety and Transportation Security industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
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Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Transportation Safety and Transportation Security Market Report
1. What was the Transportation Safety and Transportation Security Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Transportation Safety and Transportation Security Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Transportation Safety and Transportation Security Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Transportation Safety and Transportation Security market.
- The market share of the global Transportation Safety and Transportation Security market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Transportation Safety and Transportation Security market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Transportation Safety and Transportation Security market.
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