Market Overview:
The global transportation security technology market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The market growth is attributed to the increasing terrorist threats and the need for enhanced security measures across various modes of transportation. The access control segment is expected to hold the largest share of the market in 2018, owing to the increasing demand for smart cards and biometric systems for secure authentication. However, the scanning segment is projected to grow at a higher CAGR during the forecast period, due to rising concerns over safety and security among passengers. The global transportation security technology market has been segmented on the basis of type, application, and region. On the basis of type, it has been divided into access control, surveillance, scanning, screening, tracking & navigation ,and fire safety . S.), ADT LLC (U.S.), American Science & Engineering Inc.(UAS), ASSA ABLOY AB(Sweden), Axis Communications AB(Sweden), Bosch Security Systems Inc.(UAS), Canon Inc.(Japan) Honeywell InternationalInc.
Product Definition:
The definition of transportation security technology is the use of various technologies to help secure transportation. This can include things like using cameras and sensors to detect threats, using software to track passengers and luggage, and using radiation detectors to screen cargo. The importance of transportation security technology is that it helps keep people safe by detecting and preventing threats from happening.
Access Control:
Access control is a technology that helps to regulate the entry of people or objects in an area. It can be used for ingress as well as egress. The technology includes card-based, biometrics, and access control systems such as turnstiles, gates, doors among others. Increasing demand for security across various industry verticals including commercial & government offices and healthcare are expected to drive market growth over the forecast period.
Surveillance:
Surveillance is the systematic observation of a subject or subjects. It can be used for criminal investigation, intelligence gathering, and to safeguard public safety. Surveillance in transportation security technology market is used for detecting threats before they occur using various devices such as cameras and sensors.
Application Insights:
The airways segment dominated the market in 2017 and is expected to witness significant growth over the forecast period. The growth can be attributed to factors such as government initiatives, growing aviation industry, and increasing passenger traffic. For instance, according to a study conducted by ICAO in 2018, there was an increase of around 35% in airport security measures across all airports globally from 2016 to 2017. Furthermore, according to a survey conducted by ATM Research Corporation among more than 1000 business travelers across 20 countries worldwide; it was found that around 70% of them were concerned about potential terrorist attacks on civil aviation at airports worldwide. Such instances are likely to contribute towards segment growth over the forecast period.
Roadways accounted for 23% share of global revenue in 2017 owing to factors such as stringent regulations regarding transportation security adopted by various governments along with rising incidences of criminal activities including human trafficking.
Regional Analysis:
North America is expected to be the key regional market over the forecast period owing to stringent government regulations and standards for aviation security. The U.S., in particular, has been witnessing high demand for air travel across various routes, which is further fueling growth of the industry in North America region.
Asia Pacific was estimated at USD X million in 2016 and is anticipated to witness substantial growth over the forecast period owing to rising terrorist threats along with increasing number of passengers flying out from Asian countries such as India, China, Japan etcetera).
Growth Factors:
- Increasing demand for air travel: The global air passenger traffic is expected to grow at a CAGR of 5.4% from 2016 to 2036, according to the International Air Transport Association (IATA). This will result in an increase in the number of passengers requiring security screening, thereby driving the demand for transportation security technology market.
- Stringent government regulations and norms: Governments across the world are implementing stringent regulations and norms for aviation security. This is driving the adoption of transportation security technology solutions by airports and airlines worldwide.
- Proliferation of terrorist activities: The increasing incidence of terrorist activities across the globe is leading to an increased focus on aviation security by governments worldwide, which is further propelling the growth of transportation security technology market.
- Development of new technologies: The development of new technologies such as 3D scanning and explosive detection systems is aiding in enhancing airport safety and fuelingthe growthof transportationsecuritytechnologymarketplacexpectedly .
Scope Of The Report
Report Attributes
Report Details
Report Title
Transportation Security Technology Market Research Report
By Type
Access Control, Surveillance, Scanning, Screening, Tracking, Navigation, Fire Safety
By Application
Airways, Seaways, Roadways, Railways
By Companies
Alstom, Honeywell, Kapsch, L-3 Communications., Lockheed Martin, Orbcomm, Rapiscan Systems, Raytheon, Rockwell Collins, Saab, Safran, Siemens, Smiths, Thales, United Technologies Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
152
Number of Tables & Figures
107
Customization Available
Yes, the report can be customized as per your need.
Global Transportation Security Technology Market Report Segments:
The global Transportation Security Technology market is segmented on the basis of:
Types
Access Control, Surveillance, Scanning, Screening, Tracking, Navigation, Fire Safety
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Airways, Seaways, Roadways, Railways
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Alstom
- Honeywell
- Kapsch
- L-3 Communications.
- Lockheed Martin
- Orbcomm
- Rapiscan Systems
- Raytheon
- Rockwell Collins
- Saab
- Safran
- Siemens
- Smiths
- Thales
- United Technologies Corporation
Highlights of The Transportation Security Technology Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Access Control
- Surveillance
- Scanning
- Screening
- Tracking
- Navigation
- Fire Safety
- By Application:
- Airways
- Seaways
- Roadways
- Railways
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Transportation Security Technology Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Transportation Security Technology (TST) is a broad term that refers to the various methods and technologies used by transportation security personnel to screen passengers, baggage, and cargo. These measures may include physical inspection of people and objects, use of explosives detection dogs, x-ray machines, or other technology.
Some of the major players in the transportation security technology market are Alstom, Honeywell, Kapsch, L-3 Communications., Lockheed Martin, Orbcomm, Rapiscan Systems, Raytheon, Rockwell Collins, Saab, Safran, Siemens, Smiths, Thales, United Technologies Corporation.
The transportation security technology market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Transportation Security Technology Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Transportation Security Technology Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Transportation Security Technology Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Transportation Security Technology Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Transportation Security Technology Market Size & Forecast, 2018-2028
4.5.1 Transportation Security Technology Market Size and Y-o-Y Growth
4.5.2 Transportation Security Technology Market Absolute $ Opportunity
Chapter 5 Global Transportation Security Technology Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Transportation Security Technology Market Size Forecast by Type
5.2.1 Access Control
5.2.2 Surveillance
5.2.3 Scanning
5.2.4 Screening
5.2.5 Tracking
5.2.6 Navigation
5.2.7 Fire Safety
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Transportation Security Technology Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Transportation Security Technology Market Size Forecast by Applications
6.2.1 Airways
6.2.2 Seaways
6.2.3 Roadways
6.2.4 Railways
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Transportation Security Technology Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Transportation Security Technology Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Transportation Security Technology Analysis and Forecast
9.1 Introduction
9.2 North America Transportation Security Technology Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Transportation Security Technology Market Size Forecast by Type
9.6.1 Access Control
9.6.2 Surveillance
9.6.3 Scanning
9.6.4 Screening
9.6.5 Tracking
9.6.6 Navigation
9.6.7 Fire Safety
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Transportation Security Technology Market Size Forecast by Applications
9.10.1 Airways
9.10.2 Seaways
9.10.3 Roadways
9.10.4 Railways
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Transportation Security Technology Analysis and Forecast
10.1 Introduction
10.2 Europe Transportation Security Technology Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Transportation Security Technology Market Size Forecast by Type
10.6.1 Access Control
10.6.2 Surveillance
10.6.3 Scanning
10.6.4 Screening
10.6.5 Tracking
10.6.6 Navigation
10.6.7 Fire Safety
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Transportation Security Technology Market Size Forecast by Applications
10.10.1 Airways
10.10.2 Seaways
10.10.3 Roadways
10.10.4 Railways
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Transportation Security Technology Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Transportation Security Technology Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Transportation Security Technology Market Size Forecast by Type
11.6.1 Access Control
11.6.2 Surveillance
11.6.3 Scanning
11.6.4 Screening
11.6.5 Tracking
11.6.6 Navigation
11.6.7 Fire Safety
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Transportation Security Technology Market Size Forecast by Applications
11.10.1 Airways
11.10.2 Seaways
11.10.3 Roadways
11.10.4 Railways
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Transportation Security Technology Analysis and Forecast
12.1 Introduction
12.2 Latin America Transportation Security Technology Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Transportation Security Technology Market Size Forecast by Type
12.6.1 Access Control
12.6.2 Surveillance
12.6.3 Scanning
12.6.4 Screening
12.6.5 Tracking
12.6.6 Navigation
12.6.7 Fire Safety
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Transportation Security Technology Market Size Forecast by Applications
12.10.1 Airways
12.10.2 Seaways
12.10.3 Roadways
12.10.4 Railways
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Transportation Security Technology Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Transportation Security Technology Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Transportation Security Technology Market Size Forecast by Type
13.6.1 Access Control
13.6.2 Surveillance
13.6.3 Scanning
13.6.4 Screening
13.6.5 Tracking
13.6.6 Navigation
13.6.7 Fire Safety
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Transportation Security Technology Market Size Forecast by Applications
13.10.1 Airways
13.10.2 Seaways
13.10.3 Roadways
13.10.4 Railways
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Transportation Security Technology Market: Competitive Dashboard
14.2 Global Transportation Security Technology Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Alstom
14.3.2 Honeywell
14.3.3 Kapsch
14.3.4 L-3 Communications.
14.3.5 Lockheed Martin
14.3.6 Orbcomm
14.3.7 Rapiscan Systems
14.3.8 Raytheon
14.3.9 Rockwell Collins
14.3.10 Saab
14.3.11 Safran
14.3.12 Siemens
14.3.13 Smiths
14.3.14 Thales
14.3.15 United Technologies Corporation
