The mass transit security market size has grown strongly in recent years. It will grow from $39.76 billion in 2023 to $42.88 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The expansion observed in the historical period can be attributed to several factors, including the growth of public transportation systems, a heightened demand for innovative security solutions, increased investments in advanced surveillance technologies, a rise in the adoption of access control systems, a surge in the use of biometrics for security, and an awareness driven by security breaches.
The mass transit security market size is expected to see strong growth in the next few years. It will grow to $55.32 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The anticipated growth in the forecast period is expected to be driven by various factors, including the increasing occurrence of public incidents, the deployment of biometric identification systems, heightened concerns about terrorism threats, growing public awareness, and cooperation, as well as geopolitical tensions. Key trends in the forecast period encompass AI-driven threat detection, enhanced biometric identification methods, security measures for the Internet of Things (IoT), solutions for mobile security, and the development of systems for drone detection and mitigation.
The anticipated growth in mass transit security is driven by increasing threats and security concerns, encompassing potential dangers or harmful events that exploit vulnerabilities and pose risks to personnel. Public transit environments face susceptibility to criminal activities such as theft, assaults, and vandalism, necessitating robust security measures. In June 2023, the International Air Transport Association reported a rise in unruly incidents, with one incident reported for every 568 flights in 2022, up from one per 835 flights in 2021. The incidents ranged from non-compliance and verbal abuse to intoxication, with a notable 61% increase in physical abuse incidents occurring once every 17,200 flights. This surge in threats and security concerns is a driving force behind the growth of the mass transit security market.
Key players in the mass transit security market are actively engaged in the development of cutting-edge technologies, including AI-enabled video analytics platforms. This technology processes actionable insights and conclusions from digital video using artificial intelligence techniques. For example, in November 2021, ADLINK Technology Inc., based in Taiwan, introduced its AVA-RAGX AI-enabled video analytics platform, focusing on next-generation rail solutions such as passenger security, danger monitoring, and railroad incursion detection. The platform, based on the latest industrial version of the NVIDIA Jetson AGX Xavier module, offers high reliability and performance for railway applications in challenging operating environments. It facilitates various use cases, including automatic fee collection, track danger detection, predictive maintenance, autonomous trains, and passenger face mask detection, contributing to safer, smarter, sustainable, and reliable railway operations.
In February 2023, Accenture plc, headquartered in Ireland and specializing in information technology services and consulting, acquired Morphus for an undisclosed amount. This strategic acquisition aims to expand Accenture's portfolio, enabling the provision of top-notch cyber defense solutions to clients and enhancing its position in growth markets, particularly in aviation. Morphus, a Brazil-based company, specializes in providing cyber defense, risk management, and cyber threat intelligence services in the aviation sector.
Major companies operating in the mass transit security market report are Siemens AG, Panasonic Corporation, Cisco Systems Inc., Hanwha Group, Honeywell International Inc, Johnson Controls International PLC, Thales Group, Tyco International PLC, L3Harris Technologies Inc, Analog Devices Inc., Hikvision Digital Technology Co. Ltd, Bosch Security Systems Inc., NICE Systems Ltd., Axis Communications AB, OSI Systems Inc, Kratos Defense & Security Solutions Inc. (KTOS), Flir Systems Inc., Smiths Detection Inc, Avigilon Corporation, Nuctech Company Limited, Rapiscan Systems Inc, Genetec Inc., Analogic Corporation, Teleste, SDI Presence LLC, March Networks Corporation, IndigoVision Group PLC, High Rise Security Systems LLC, AngelTrax, Fortem Technologies Inc.
North America was the largest region in the mass transit security market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mass transit security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the mass transit security market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Mass transit security encompasses the measures and practices put in place to safeguard public transportation systems, including buses, trains, subways, and ferries, as well as the passengers and employees utilizing and operating them. These protective measures involve the enforcement of diverse rules and regulations, the implementation of human and video surveillance, the deployment of a transit police force, and the utilization of other relevant techniques.
The primary types of mass transit security encompass airways transit security, seaways transit security, roadways transit security, railways transit security, and other specialized categories. Airways transit security specifically involves the implementation of security measures and protocols to protect passengers, staff, and property during the transit process to and from airports. This includes services such as managed services and professional services, along with a range of solutions such as surveillance and monitoring, screening systems, biometric security, authentication systems, fire safety and detection systems, perimeter intrusion detection, access control, among others. These security measures find applications in various sectors, including homeland security, industrial settings, retail and payment industries, logistics and transportation industries, healthcare, and more.
The mass transit security market research report is one of a series of new reports that provides mass transit security market statistics, including mass transit security industry global market size, regional shares, competitors with mass transit security market share, detailed mass transit security market segments, market trends, and opportunities, and any further data you may need to thrive in the mass transit security industry. This mass transit security market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The mass transit security market consists of revenues earned by entities by providing services such as surveillance and monitoring, physical security, emergency response, security screening, crowd management and incident reporting. The market value includes the value of related goods sold by the service provider or included within the service offering. The mass transit security market also includes sales of smart sensors and IoT devices, closed-circuit television (CCTV) cameras, metal detectors, passenger screening devices, biometric identification systems and intrusion detection sensors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The mass transit security market size is expected to see strong growth in the next few years. It will grow to $55.32 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The anticipated growth in the forecast period is expected to be driven by various factors, including the increasing occurrence of public incidents, the deployment of biometric identification systems, heightened concerns about terrorism threats, growing public awareness, and cooperation, as well as geopolitical tensions. Key trends in the forecast period encompass AI-driven threat detection, enhanced biometric identification methods, security measures for the Internet of Things (IoT), solutions for mobile security, and the development of systems for drone detection and mitigation.
The anticipated growth in mass transit security is driven by increasing threats and security concerns, encompassing potential dangers or harmful events that exploit vulnerabilities and pose risks to personnel. Public transit environments face susceptibility to criminal activities such as theft, assaults, and vandalism, necessitating robust security measures. In June 2023, the International Air Transport Association reported a rise in unruly incidents, with one incident reported for every 568 flights in 2022, up from one per 835 flights in 2021. The incidents ranged from non-compliance and verbal abuse to intoxication, with a notable 61% increase in physical abuse incidents occurring once every 17,200 flights. This surge in threats and security concerns is a driving force behind the growth of the mass transit security market.
Key players in the mass transit security market are actively engaged in the development of cutting-edge technologies, including AI-enabled video analytics platforms. This technology processes actionable insights and conclusions from digital video using artificial intelligence techniques. For example, in November 2021, ADLINK Technology Inc., based in Taiwan, introduced its AVA-RAGX AI-enabled video analytics platform, focusing on next-generation rail solutions such as passenger security, danger monitoring, and railroad incursion detection. The platform, based on the latest industrial version of the NVIDIA Jetson AGX Xavier module, offers high reliability and performance for railway applications in challenging operating environments. It facilitates various use cases, including automatic fee collection, track danger detection, predictive maintenance, autonomous trains, and passenger face mask detection, contributing to safer, smarter, sustainable, and reliable railway operations.
In February 2023, Accenture plc, headquartered in Ireland and specializing in information technology services and consulting, acquired Morphus for an undisclosed amount. This strategic acquisition aims to expand Accenture's portfolio, enabling the provision of top-notch cyber defense solutions to clients and enhancing its position in growth markets, particularly in aviation. Morphus, a Brazil-based company, specializes in providing cyber defense, risk management, and cyber threat intelligence services in the aviation sector.
Major companies operating in the mass transit security market report are Siemens AG, Panasonic Corporation, Cisco Systems Inc., Hanwha Group, Honeywell International Inc, Johnson Controls International PLC, Thales Group, Tyco International PLC, L3Harris Technologies Inc, Analog Devices Inc., Hikvision Digital Technology Co. Ltd, Bosch Security Systems Inc., NICE Systems Ltd., Axis Communications AB, OSI Systems Inc, Kratos Defense & Security Solutions Inc. (KTOS), Flir Systems Inc., Smiths Detection Inc, Avigilon Corporation, Nuctech Company Limited, Rapiscan Systems Inc, Genetec Inc., Analogic Corporation, Teleste, SDI Presence LLC, March Networks Corporation, IndigoVision Group PLC, High Rise Security Systems LLC, AngelTrax, Fortem Technologies Inc.
North America was the largest region in the mass transit security market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mass transit security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the mass transit security market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Mass transit security encompasses the measures and practices put in place to safeguard public transportation systems, including buses, trains, subways, and ferries, as well as the passengers and employees utilizing and operating them. These protective measures involve the enforcement of diverse rules and regulations, the implementation of human and video surveillance, the deployment of a transit police force, and the utilization of other relevant techniques.
The primary types of mass transit security encompass airways transit security, seaways transit security, roadways transit security, railways transit security, and other specialized categories. Airways transit security specifically involves the implementation of security measures and protocols to protect passengers, staff, and property during the transit process to and from airports. This includes services such as managed services and professional services, along with a range of solutions such as surveillance and monitoring, screening systems, biometric security, authentication systems, fire safety and detection systems, perimeter intrusion detection, access control, among others. These security measures find applications in various sectors, including homeland security, industrial settings, retail and payment industries, logistics and transportation industries, healthcare, and more.
The mass transit security market research report is one of a series of new reports that provides mass transit security market statistics, including mass transit security industry global market size, regional shares, competitors with mass transit security market share, detailed mass transit security market segments, market trends, and opportunities, and any further data you may need to thrive in the mass transit security industry. This mass transit security market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The mass transit security market consists of revenues earned by entities by providing services such as surveillance and monitoring, physical security, emergency response, security screening, crowd management and incident reporting. The market value includes the value of related goods sold by the service provider or included within the service offering. The mass transit security market also includes sales of smart sensors and IoT devices, closed-circuit television (CCTV) cameras, metal detectors, passenger screening devices, biometric identification systems and intrusion detection sensors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Mass Transit Security Market Characteristics3. Mass Transit Security Market Trends And Strategies32. Global Mass Transit Security Market Competitive Benchmarking33. Global Mass Transit Security Market Competitive Dashboard34. Key Mergers And Acquisitions In The Mass Transit Security Market
4. Mass Transit Security Market - Macro Economic Scenario
5. Global Mass Transit Security Market Size and Growth
6. Mass Transit Security Market Segmentation
7. Mass Transit Security Market Regional And Country Analysis
8. Asia-Pacific Mass Transit Security Market
9. China Mass Transit Security Market
10. India Mass Transit Security Market
11. Japan Mass Transit Security Market
12. Australia Mass Transit Security Market
13. Indonesia Mass Transit Security Market
14. South Korea Mass Transit Security Market
15. Western Europe Mass Transit Security Market
16. UK Mass Transit Security Market
17. Germany Mass Transit Security Market
18. France Mass Transit Security Market
19. Italy Mass Transit Security Market
20. Spain Mass Transit Security Market
21. Eastern Europe Mass Transit Security Market
22. Russia Mass Transit Security Market
23. North America Mass Transit Security Market
24. USA Mass Transit Security Market
25. Canada Mass Transit Security Market
26. South America Mass Transit Security Market
27. Brazil Mass Transit Security Market
28. Middle East Mass Transit Security Market
29. Africa Mass Transit Security Market
30. Mass Transit Security Market Competitive Landscape And Company Profiles
31. Mass Transit Security Market Other Major And Innovative Companies
35. Mass Transit Security Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Mass Transit Security Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on mass transit security market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for mass transit security ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The mass transit security market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Airways Transit Security; Seaways Transit Security; Roadways Transit Security; Railways Transit Security; Other Types.2) By Service Type: Managed Services; Professional Services
3) By Solution: Surveillance and Monitoring; Screening System; Biometric Security And Authentication System; Fire Safety and Detection System; Perimeter Intrusion Detection; Access Control; Other Solutions.
4) By Application: Homeland Security; Industrial; Retail and Payment Industries; Logistics and Transportation Industries; Healthcare; Other Applications.
Key Companies Mentioned: Siemens AG; Panasonic Corporation; Cisco Systems Inc.; Hanwha Group; Honeywell International Inc
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Siemens AG
- Panasonic Corporation
- Cisco Systems Inc.
- Hanwha Group
- Honeywell International Inc
- Johnson Controls International PLC
- Thales Group
- Tyco International PLC
- L3Harris Technologies Inc
- Analog Devices Inc.
- Hikvision Digital Technology Co. Ltd
- Bosch Security Systems Inc.
- NICE Systems Ltd.
- Axis Communications AB
- OSI Systems Inc
- Kratos Defense & Security Solutions Inc. (KTOS)
- Flir Systems Inc.
- Smiths Detection Inc
- Avigilon Corporation
- Nuctech Company Limited
- Rapiscan Systems Inc
- Genetec Inc.
- Analogic Corporation
- Teleste
- SDI Presence LLC
- March Networks Corporation
- IndigoVision Group PLC
- High Rise Security Systems LLC
- AngelTrax
- Fortem Technologies Inc.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | April 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 42.88 Billion |
Forecasted Market Value ( USD | $ 55.32 Billion |
Compound Annual Growth Rate | 6.5% |
Regions Covered | Global |
No. of Companies Mentioned | 30 |