Quick Summary:
Navigating the global mass transit security market can feel complex. Safety practices and security solutions are of utmost importance in public transportation spaces, from waterways and airways to road and railway systems. Those responsible for these important infrastructures need to ensure optimum safety for goods, passengers, and staff. The multifaceted solutions range from voice recognition and biometric controls, to advanced video surveillance.
Gaining insight into this critical industry is essential. Whether you're an industry player, investor, consultant, business strategist, or researcher, the publisher’s latest report on the mass transit security market provides an in-depth overview of the market, as well as specific industry performance details, trends, challenges, and driving factors. It includes a micro-to-macro analysis of the industry, with a SWOT analysis, Porter’s five forces analysis, and a value chain analysis among others. Enhance your understanding and strategy within the mass transit security industry by leveraging this report's comprehensive knowledge.
The global mass transit security market size reached US$ 39.9 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 54.0 Billion by 2028, exhibiting a growth rate (CAGR) of 4.2% during 2023-2028.
Mass transit security can be referred to as various safety and security solutions employed at entry and exit points of public transportation hubs. These solutions are deployed by governments across airway, waterway, roadway and railway systems to ensure optimum protection and safety of goods, products or passengers while traveling. They detect, monitor and scan travelers and their belongings through video surveillance, voice recognition, biometric access controls and automated 3D and X-ray scanners. Other technologies, including cargo inspection, perimeter intrusion and tracking and navigation systems, are also utilized for ensuring maximum security of the public.
Owing to the alarming increase in global terrorism, coupled with the rising rate of crimes at public places, there is a growing need for efficient public safety solutions, which in turn is contributing to the market growth. On-road means of transportation and air traffic are two of the key fields, which have a high demand for mass transit security systems. Governments of various nations are investing significantly to improve the existing security infrastructure and deploy newer solutions. Efforts have been undertaken to equip airports and bus and railway stations, among other mass transit areas, with advanced security solutions, such as perimeter security, cybersecurity, surveillance, communications, access control and screening systems for monitoring passengers and staff members. Additionally, the utilization of biometrics, data analytics and 3D scanning systems, along with the integration of surveillance systems with the Internet of Things (IoT), are also favoring the market growth. Other factors, such as the emerging trend of e-passports, along with the strict implementation of stringent government policies, are projected to drive the market in the upcoming years.
The publisher's latest report provides a deep insight into the global mass transit security market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the mass transit security industry in any manner.
Mass transit security can be referred to as various safety and security solutions employed at entry and exit points of public transportation hubs. These solutions are deployed by governments across airway, waterway, roadway and railway systems to ensure optimum protection and safety of goods, products or passengers while traveling. They detect, monitor and scan travelers and their belongings through video surveillance, voice recognition, biometric access controls and automated 3D and X-ray scanners. Other technologies, including cargo inspection, perimeter intrusion and tracking and navigation systems, are also utilized for ensuring maximum security of the public.
Owing to the alarming increase in global terrorism, coupled with the rising rate of crimes at public places, there is a growing need for efficient public safety solutions, which in turn is contributing to the market growth. On-road means of transportation and air traffic are two of the key fields, which have a high demand for mass transit security systems. Governments of various nations are investing significantly to improve the existing security infrastructure and deploy newer solutions. Efforts have been undertaken to equip airports and bus and railway stations, among other mass transit areas, with advanced security solutions, such as perimeter security, cybersecurity, surveillance, communications, access control and screening systems for monitoring passengers and staff members. Additionally, the utilization of biometrics, data analytics and 3D scanning systems, along with the integration of surveillance systems with the Internet of Things (IoT), are also favoring the market growth. Other factors, such as the emerging trend of e-passports, along with the strict implementation of stringent government policies, are projected to drive the market in the upcoming years.
The publisher's latest report provides a deep insight into the global mass transit security market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the mass transit security industry in any manner.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global mass transit security market report, along with forecasts at the global, regional and country level from 2023-2028. The report has categorized the market based on transit type, solution type, service type and application.Breakup by Transit Type:
- Airways
- Waterways
- Railways
- Roadways
Breakup by Solution Type:
- Surveillance System
- Screening System
- Biometric Security and Authentication System
- C2/C4ISR System
- Critical Communication System
- Others
Breakup by Service Type:
- Managed Services
- Professional Services
Breakup by Application:
- Homeland Security
- Industrial
- Retail and Payment Industries
- Logistics and Transportation Industries
- Healthcare
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Axis Communications AB, Bosch Security Systems Inc., Cisco Systems, Inc., Fortem Technologies Inc., Genetec Inc., Hikvision Digital Technology, IndigoVision Group PLC, NICE Systems Ltd., Panasonic Corporation, etc.Key Questions Answered in This Report:
- How has the global mass transit security market performed so far and how will it perform in the coming years?
- What are the key regional markets?
- What has been the impact of COVID-19 on the global mass transit security market?
- What is the breakup of the market based on the transit type?
- What is the breakup of the market based on the solution type?
- What is the breakup of the market based on the service type?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global mass transit security market and who are the key players?
- What is the degree of competition in the industry?
Frequently Asked Questions about the Global Mass Transit Security Market
What is the estimated value of the Global Mass Transit Security Market?
What is the growth rate of the Global Mass Transit Security Market?
What is the forecasted size of the Global Mass Transit Security Market?
Who are the key companies in the Global Mass Transit Security Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 145 |
| Published | September 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 39.9 Billion |
| Forecasted Market Value ( USD | $ 54 Billion |
| Compound Annual Growth Rate | 5.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Indicators
2 Scope and Methodology
4 Introduction
5 Global Mass Transit Security Market
6 Market Breakup by Transit Type
7 Market Breakup by Solution Type
8 Market Breakup by Service Type
9 Market Breakup by Application
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Tables
List of Tables
Companies Mentioned
- Axis Communications AB
- Bosch Security Systems Inc.
- Cisco Systems Inc.
- Fortem Technologies Inc.
- Genetec Inc.
- Hikvision Digital Technology
- IndigoVision Group PLC
- NICE Systems Ltd.
- Panasonic Corporation
Methodology
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