Global Transportation Safety and Transportation Security Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis

The Market is Gaining Momentum Due to a Surge in the Number of Road Accidents and Fatalities

The Global Transportation Safety and Transportation Security Market is estimated to be USD 39.92 Bn in 2023 and is expected to reach USD 57.33 Bn by 2028 growing at a CAGR of 7.51%.

Effective safety and security measures are imperative for the seamless operation of any transportation system. These safety and security systems play a vital role across various modes of transport, including aviation, cargo supply chains, maritime, and passenger transportation systems like roadways and railways. The data and information generated by these systems are instrumental in supporting law enforcement, border security, and intelligence services, often operating across multiple jurisdictions. As the volume of goods in transit continues to rise, there is an increasingly critical need for relevant agencies to bolster security measures, particularly in sensitive infrastructure areas.

Drivers: The transportation sector is driven by two key factors: the widespread adoption of advanced technologies like artificial intelligence for enhanced security and a growing emphasis on public safety. These factors are instrumental in shaping the industry's trajectory.

Restrictions: A notable restraint in the transportation sector relates to apprehensions surrounding security and privacy associated with transport surveillance. These concerns revolve around the potential invasion of privacy and data security issues stemming from the monitoring and surveillance measures within the transportation infrastructure.

Opportunities: An opportunity of note in the transportation sector is the emergence of advanced technologies in surveillance and screening. These evolving technologies present a significant avenue for growth and innovation within the industry.

• Challenges: A notable challenge in the transportation sector is the substantial financial investment required. This high investment cost poses a significant hurdle for organizations and businesses operating in this industry.

Market Segmentations

• The Global Transportation Safety and Transportation Security Market is segmented based on Application, Mode of Transportation, Offering, and Geography.
• It encompasses a wide spectrum of applications, including video surveillance, passenger and baggage screening systems, cargo inspection systems, access control, fire safety and detection systems, tracking and navigation systems, and various other relevant aspects. Regarding the mode of transportation, it encompasses roadways, railways, airways, and waterways, ensuring a comprehensive coverage of various transportation modes.
• Additionally, in terms of offering, it includes both software and hardware solutions, providing a complete range of technological options for enhancing safety and security within the transportation sector. This meticulous segmentation approach enables businesses and organizations to tailor their products and services effectively to meet the diverse and evolving needs of the transportation industry, ensuring a robust and adaptable market presence.
• Recent Development
• Ontario, Canada-based Geotab, one of the leaders in IoT and connected transportation, announced the launch of a new transportation analytics platform through its Geotab Intelligent Transportation Systems (ITS) line of business.- September 2021

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are OSI Systems, Inc., Lockheed Martin, Raytheon Company, Siemens AG, Smiths Group, etc.

Countries Studied

• America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
• Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Ireland, Luxembourg, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
• Middle East and Africa (Egypt, Israel, Qatar, Nigeria, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
• Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

• The report presents a detailed Ansoff matrix analysis for the Global Transportation Systems and Transportation Security. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
• The publisher analyses Global Transportation Systems and Transportation Security using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
• Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.

Why buy this report?

• The report offers a comprehensive evaluation of Global Transportation Systems and Transportation Security. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the market are also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the Proprietary competitive positioning tool.

Report Highlights

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market