Security Technologies for Transportation Markets


August 1, 2011
171 Pages - SKU: WA6566736
License type:
Countries covered: Global

The global security technologies (for transportation) market reached $2.3 billion in 2010 and is expected to reach at $5.9 billion by 2015 at a compound annual growth rate (CAGR) of 20.4%.

The highest revenue contributor is video surveillance technology, which stood at $1.9 billion in 2010 and is expected to reach about $1.9 billion by 2015 at a compound annual growth rate (CAGR) of 11.6%.

The revenues from biometrics technology stood at $0.7 billion in 2010. However, the compound annual growth rate (CAGR) of biometrics is expected to lead the market with 33.2% for the period 2010 to 2015 and revenues from biometrics technology are expected to reach nearly $3 billion by 2015.


Additional Information

INTRODUCTION

This study aims to provide an intensive analysis of the security solution market used exclusively in the transportation sector. The market is segmented into technology and applications’ markets. The technology market covers key segments such as surveillance, chemical, biological, radiological and nuclear (CBRN) detection, access control, perimeter intrusion detection and biometric technologies. These technologies are further segmented to provide micro analysis and intensive coverage of the market. The key applications market includes mass transit, airport security, port security and logistics and returnable transport items markets.

STUDY BACKGROUND

The impact of 9/11 and the following terrorist attacks in Madrid and Mumbai have led to increasing investment in security solutions exclusively in transportation applications. More than 730 million passengers travel by jet every year; more than 20% of the maritime trade worldwide is handled at U.S. sea and river ports alone. Such immense dependence on transportation systems makes them a target of terrorist attacks. The biggest challenge with the conventional systems was to handle false alarms. Emerging technologies are therefore constructed to provide effective decision support systems, with reduced probability of false alarm. This report aims at capturing details of such break-through technologies.

The market transition from analogue to Internet protocol (IP) and digital technologies has significantly changed market dynamics. However, interoperability and effective integration would lead to a higher level of adoption of security solutions. Software developments have added intelligence to the security solutions. The emerging markets in the Asia-Pacific (APAC) region are promising significant growth in the long term. However, cost constraints limit security solution applications in the near to mid term future. The security solutions’ market for the transportation industry is therefore evidencing rapid changes and key opportunity areas need to be identified to keep pace with changing dynamics. This report throws light on such important trends that would enable the audience to make effective decisions.

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