Last updated on April 24, 2014 at 11:16 EDT

Transportation Safety and Transportation Security Market Worth $62.96 Billion by 2018

November 29, 2013

DALLAS, November 29, 2013 /PRNewswire/ –

The report “Transportation Safety and Transportation Security Market Modes (Airways;
Seaways; Roadways; Railways); Systems (Access Control; Surveillance, Scanning, Screening,
Tracking, Navigation, Fire Safety) – Worldwide Market Forecasts (2013 – 2018)”, defines
and segments the global Transportation Safety and Security Market into various
sub-segments with in-depth analysis and forecasting of revenues. This report also
identifies drivers and restraints for this market with insights into latest trends,
opportunities, and challenges

Browse 98 market data tables and 22 figures spread through 200 pages and in-depth TOC
on “Transportation Safety and Transportation Security Market”


Early buyers will receive 10% customization on this report.

The major driving forces which are enabling the growth of this market is constant need
of public safety, massive infrastructural development, higher Return on Investment (ROI)
from enhanced security, and business continuity. The significant rise in this market is
due to development of critical transportation infrastructural facilities, new
transportation-related projects across the globe. The increasing threats, catastrophic
accidents, and natural and unnatural disasters have also been the influencing factors for
the growth of this market.

Some of the solutions which are gaining traction and investment from various vendors
are integration software, Security/Software-as-a-Service (SaaS), integration of command
and control system with communication systems, and advanced imaging technology. The
various solution providers including Thales, Saab, Honeywell International, and Alstom are
reinforcing their business operations into the emerging markets and offer integrated
solutions on unified platforms to reduce the overall cost and enhance the efficiency.
Also, these vendors have uniquely positioned themselves in the market with propagation of
new product developments and lucrative partnerships and acquisitions.

MarketsandMarkets has segmented this market by modes of transportation (airways,
seaways, railways, and roadways); regions; and services. All the modes of transport are
further segmented on the basis of ‘infrastructure’ and ‘mode’ safety and security.
Infrastructure safety and security systems includes, passenger screening and scanning
system, cargo inspection system, secure communication system, intrusion detection and
perimeter protection system, fire detection and protection system, video surveillance and
access control. Mode security solutions comprise of traffic control system, tracking and
navigation system, and mode safety and security systems. By regions: North America (NA),
Europe (EU), Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America (LA).

MarketsandMarkets forecasts the global Transportation Safety and Transportation
Security Market is expected to grow from $37.80 billion in 2013 to $62.96 billion in 2018,
at a Compound Annual Growth Rate (CAGR) of 10.7% from 2013 to 2018. North America (NA) is
expected to be the biggest contributor in terms of revenue contribution, while the growing
markets Asia Pacific (APAC), Middle East and Africa (MEA) and Latin America (LA), are
expected to experience increased market traction with high CAGR’s, during the forecast

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Source: PR Newswire