DUBLIN, February 11, 2014 /PRNewswire/ --
Dublin - Research and Markets (http://www.researchandmarkets.com/research/cn3gjw/transportation) has announced the addition of the "Transportation Safety and Transportation Security Market Modes & Systems - Worldwide Market Forecasts (2013 - 2018)" report to their offering.
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The world's air, land, and sea transportation systems are designed for accessibility and efficiency but with the surging crime, antisocial behavior, and terrorist attacks, governments have introduced dramatic changes in new technologies and strategies, which are been continually developed and upgraded. Staying in alignment with new technologies and best practices is the paramount for protecting infrastructure and public safety.
It has become imperative to improve the preparedness and quick response to catastrophic attacks and to find the solutions which are safer, cost-effective, and easy to implement. Infrastructure has a direct impact to the development of any country's economy and any kind of insecurity, which can paralyze the country's development. Hence, there is huge political pressure on government to provide comprehensive solutions for protecting the infrastructure and the vehicle on the mode. There are special national and international bodies around the globe to bind strict regulation and compliances.
Since past few years, some private players are also taking interest in the improvement of the operation efficiency of the overall transportation system, enhancing the Return on Investment (ROI). This improvement has aggravated solution providers to gain traction and investment from the commercial sector. Technology implemented in transportation safety and security in communication, screening and scanning, tracking and control, navigation, access control, and video surveillance has helped all the commercial suppliers improving their product offerings and enhancing more visibility in their supply chain.
North America (NA) is expected to have the largest market share followed by Europe. Asia Pacific (APAC) is expected to grow at high rate due to surging infrastructural development including the rise in the number of airline passengers and freight movement. Middle East and Africa (MEA) market would also increase due to large development in critical infrastructure comprising of airports, seaports, railways, and roadways.
It is forecast that the global transportation safety and 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.
Key Topics Covered:
2 Executive Summary
3 Market Overview
4 Transportation Safety and Security : Market Size and Forecast By Airways
5 Transportation Safety and Security: Market Size and Forecast By Seaways
6 Transportation Safety and Security: Market Size and Forecast By Roadways
7 Transportation Safety And Security: Market Size and Forecast By Railways
8 Transportation Safety and Security: Market Size and Forecast By Services
9 Transportation Safety and Security: Market Size and Forecast By Regions
10 Transportation Safety and Security: Market Landscape
11 Company Profiles
- AGT International
- HID Global
- Harris Corporation
- Honeywell International
- L-3 Communications
- Lockheed Martin
- Nice Systems
- Northrop Gruman Corporation
- Nuctech Company
- Rapiscan Systems
- Raytheon Company
- Rockwell Collins
- Safran Group
- Siemens AG
- Smiths Group
- Southwest Microwave
For more information visit http://www.researchandmarkets.com/research/cn3gjw/transportation
Media Contact: Laura Wood , +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets