Transportation security technology market is anticipated to grow at a considerable CAGR of 7.8% during the forecast period. The major factor driving the demand for transportation security technology is attributed to factors that include the growingintegration of technology to transit infrastructure.. Further growing launches of advanced tools for transportation security are some of the factors anticipated to fuel the demand for transportation security technology. For instance, in November 2020, Rapiscan Systems launched an advanced metal detection system the Orion Metor 900M. The system is suitable for both indoor and outdoor. Itis weatherproof with IP65 protection. The system is usefult for passenger screening at airports and other mass transit facilities, as well as for visitor screening at stadiums and critical infrastructure protection.It is designed to detect ferrous and non-ferrous metals such as handguns, knives, and other security threats.
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Among the type segment, the video surveillance sub-segment is anticipated to register significant growth in the forecast period. The segmental growth is primarily attributed due to the growing integration of technologies in transportation security sysytem such as IoT, 5G, and AI along with cameras and sensors for surveillance-related activities. For instance, on March 2022, ORBCOMM Inc.added camera analytics and sensors as new feature enhancements to its data-driven truck telematics solution to improve the visibility, efficiency, safety, and experience for fleets, drivers, and their customers.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Transportation Security Technology Market Report Segment
By Type
- 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
By Application
- Airways
- Roadways
- Seaways
- Railways
Global Transportation Security Technology Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global transportation security technology market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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