Key players in Transportation Security and Transportation Safety Market covered in this report include Honeywell International, Rockwell Collins, Lockheed Martin, Siemens AG and many more.
(PRWEB) January 06, 2015
The report “Transportation Security and Safety Market” divides the global market into various sub-segments to provide an in-depth analysis of the growth trends and revenue forecasts. It also identifies the drivers and restraints for the market with insights into the latest trends, opportunities and challenges.
Browse “Transportation Security and Safety Market” through detailed TOC, data tables and figures spread across over 200 report pages.
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According to the report, the Transportation Security and Safety Market is gradually gaining momentum due to the constant need of public safety. Massive infrastructural development of critical transportation facilities including airports, seaports, railway stations, highways, bridges, tunnels, and bus stations is also driving the demand in this market. The surging crimes, antisocial behaviors, immigration of illicit goods and subsequent terrorist attacks have enforced the awareness of security among the local and federal governments. Moreover, government spending on various advanced technological solutions is also one of the major driving factors for this market. Formation of new government-regulated bodies including Transportation Security of Administration, European Maritime Safety Agency, and European Railway Agency is also alleviating the situations.
MarketsandMarkets has extensively divided the Transportation Security and Safety Market on the basis of the modes of transportation, regions and services. The report provides a detailed analysis of the geographic regions including North America, Europe, Asia Pacific, Middle East, Africa, and Latin America.
This report about the transportation security and safety market is expected to help the market players to understand the global competition in this ecosystem. It also provides brief company profiles of 15 of the major vendors in the industry.
According to the report, the global market is expected to reach $62.96 billion in 2018. It is expected to grow at a Compound Annual Growth Rate (CAGR) of 10.7%. North America is expected to be the biggest contributor in terms of revenue contribution while the growing markets, Asia Pacific, Middle East and Africa and Latin America, are expected to experience increased market traction with high CAGRs, during the forecast period.
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