Global Transportation Security Market is Expected to Reach $67.96 Billion by 2019 - New Report by MicroMarket Monitor
(PRWEB) June 30, 2014 -- Transportation security has become an inevitable need for the rapidly flourishing transportation industry. The fleet sizes in airways, roadways, railways, and maritime are tremendously expanding to support the growing global economy. Simultaneously, the growing incidence of transportation hazards has resulted in huge human and financial losses. Huge resources have been invested in the transportation security market to ensure safety and security, and also to provide quick response to hazards, thereby minimizing losses. Globally, a growing trend can be observed for stricter transportation security norms, by the governments. The advancement in technology, combined with connectivity solutions, provides a better scope for this market to grow in the near future.
The global transportation security market is estimated to grow from $42.49 billion in 2014 to $67.96 billion in 2019, at an estimated CAGR of 9.9% during the period 2014 to 2019.
MicroMarketMonitor has published a report titled, “Global Transportation Security Market”. This report identifies the various sub segments of this market and analyzes them. Some of the key players in the global transportation security market are Alstom, Kapsch, Rockwell Collins, and Siemens AG.
Browse through the market data tables, figures and detailed ToC on the “Global Transportation Security Market”.
http://www.micromarketmonitor.com/market-report/transportation-security-reports-2912872574.html
Related reports:
North America Transportation Security Market
The rising concerns for transportation security have forced the government agencies for stricter regulations on the transportation industry. The Transportation Security Administration (TSA), a department of the U.S. federal government, has planned to expand about 300 application centers across the country. The increased threat to the region by global terrorism has urged the governments for precise monitoring of the various transportation modes. The rising traffic has led to an increased number of hazards, and as a result, human and financial losses. The transportation security market is expected to have a positive scope in the North American region.
The North American transportation security market is estimated to grow from $14.41 billion in 2014 to $21.36 billion in 2019, at a CAGR of 8.2% from 2014 to 2019.
MicroMarketMonitor has published a report titled, “North America Transportation Security Market”. This report identifies the various sub segments of this market and analyzes them. Some of the key players in the North America transportation security market are Honeywell, L-3 Communications, Raytheon, Siemens AG, and United Technologies.
http://www.micromarketmonitor.com/market/north-america-transportation-security-5049031049.html
Latin America Transportation Security Market
The national governments in the Latin American region have planned extensive projects to improve the transportation security protocols in the region. The rising crime rates in the region have become a concern for national security and integrity. The illegal trafficking of drugs is of major concern for law enforcement, border, and transportation agencies for the developing countries such as Brazil, Argentina, and Chile, among others. The transportation security market in Latin America has shown a growing trend in recent years, and promises to be an attractive market in the near future.
The Latin America transportation security market is estimated to grow from $3.07 billion in 2014 to $5.14 billion in 2019, at a CAGR of 10.9% during the period 2014 to 2019.
MicroMarketMonitor has published a report titled, “Latin America Transportation Security Market”. This report identifies the various sub segments of this market and analyzes them. Some of the key players in the Latin America transportation security market are Bosch Security Systems, Honeywell, Thales Group, Siemens AG, and United Technologies.
http://www.micromarketmonitor.com/market/latin-america-transportation-security-8445643057.html
Europe Transportation Security Market
The developed economies in the region have been observing a tremendous rise in traffic over the airways, roadways, railways, and maritime. The limited infrastructure in the region has resulted in increased incidents of traffic hazards. The governments across the region have planned for Europe-wide transportation security protocol and systems. The rising threat from global terrorism has also become a major concern for the administration to monitor and regulate vehicular and passenger traffic in the region. The trend for the transportation security market in the European region is expected to be positive, with great growth potential, thus ensuring safety and security.
The European transportation security market is estimated to grow from $13.67 billion in 2014 to $20.51 billion in 2019, at a CAGR of 8.5% during the period 2014 to 2019.
MicroMarketMonitor has published a report titled, “Europe Transportation Security Market”. This report identifies the various sub segments of this market and analyzes them. Some of the key players in the European transportation security market are Alstom, Kapsch, Rockwell Collins, Siemens Ag, and Raytheon, among others.
http://www.micromarketmonitor.com/market/europe-transportation-security-8575201103.html
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