Transportation and Security System Global Market Report 2024

The transportation and security system market size has grown rapidly in recent years. It will grow from $16.56 billion in 2023 to $18.4 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The expansion observed in the historical period can be attributed to the growth of the market facilitated by increasing efficiency, reducing traffic congestion, and enhancing user experience through smart transport systems. Other contributing factors include the escalating trend of urbanization, population growth, concerns related to cybersecurity, and the implementation of smart cities initiatives.

The transportation and security system market size is expected to see strong growth in the next few years. It will grow to $26.7 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. The anticipated growth in the forecast period can be attributed to the projected increase in sales in the cold storage industry, driven by rapid urbanization. Other contributing factors include the rising demand for smart transportation, government regulations focusing on environmental sustainability, and efforts to address traffic congestion. Key trends in the forecast period encompass technological advancements in video surveillance and screening, progress in surveillance technologies, the integration of AI and machine learning, and the implementation of cybersecurity solutions.

The anticipated surge in demand for smart transportation is set to drive the growth of the transportation and security system market in the future. Smart transportation involves the incorporation of modern technologies and management strategies into transportation systems to enhance efficiency, safety, and convenience. The aim of transportation and security systems is to support smart transportation initiatives by providing the necessary infrastructure, technologies, and services for the development of efficient, safe, and sustainable transportation networks. For instance, a report from the Insurance Institute for Highway Safety in December 2022 projected that there would be 3.5 million autonomous vehicles or self-driving cars on American roads by 2025, with an expected increase to 4.5 million by 2030. Consequently, the growing demand for smart transportation is a key driver for the transportation and security system market.

Leading companies in the transportation and security system market are actively involved in developing innovative products, such as passenger screening systems designed to prevent prohibited items and threats from entering the sterile areas of airports. This type of screening system is integral to transportation security. In January 2023, Vanderlande Industries BV, a Netherlands-based provider of automated material handling systems and services, introduced PAX MX2, a novel airport passenger checkpoint solution. This innovative approach combines the efficiency of two traditional lanes with reduced personnel and equipment by allowing passengers to remove and retrieve their handbags from two parallel lines, both before and after the screening process. The dual-lane design of PAX MX2 enhances security screening at airports, making the process more efficient, speeding up procedures, and optimizing the checkpoint footprint and screening tools.

In April 2022, Johnson Controls International PLC, an Ireland-based technology company, completed the acquisition of Security Enhancement Systems LLC (SES) for an undisclosed amount. This strategic acquisition is aimed at strengthening its access control and security solutions, particularly for critical infrastructure. SES specializes in providing mobile-based, keyless access control solutions for remote sites, including telecommunication towers and data centers. Security Enhancement Systems LLC (SES) is a US-based manufacturer of mobile-based, keyless access control solutions, catering to various industries such as rail and energy.

Major companies operating in the transportation and security system market are Bosch GmbH, Siemens AG, Raytheon Technologies Corporation, Lockheed Martin Corporation, Cisco Systems Inc., Honeywell International Inc., Broadcom Inc., ABB Ltd., BAE Systems plc, NEC Corporation, Safran SA, Thales Group, Alstom SA, L3Harris Technologies Inc., Leidos Holdings Inc., Assa Abloy AB, Hangzhou Hikvision Digital Technology Co. Ltd., ADT Inc., Fortinet Inc., Saab AB, Smiths Group plc, NortonLifeLock Inc., QinetiQ Group plc, Cubic Corporation, OSI Systems Inc., FLIR Systems Inc., Kapsch TrafficCom AG, Rapiscan Systems Inc., ORBCOMM Inc.

Asia-Pacific was the largest region in the transportation and security system market in 2023. The regions covered in the transportation and security system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the transportation and security system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Transportation and security systems encompass integrated solutions and technologies designed to improve the safety, efficiency, and security of diverse transportation modes. These systems are developed to tackle challenges associated with the movement of people and goods, aiming to minimize risks and safeguard assets.

The primary components of transportation and security systems include surveillance systems, access control systems, perimeter intrusion detection systems, biometric identification systems, and command and control centers. Surveillance systems involve a combination of hardware and software technologies utilized for monitoring and recording activities in specific areas or locations. They find applications across various modes of transportation, including roadways, railways, airways, and seaways, contributing to critical infrastructure protection, passenger screening and safety, traffic monitoring and management, as well as freight and cargo security applications.

The transportation and security system market research report is one of a series of new reports that provides transportation and security system market statistics, including transportation and security system industry global market size, regional shares, competitors with a transportation and security system market share, detailed transportation and security system market segments, market trends and opportunities, and any further data you may need to thrive in the transportation and security system industry. This transportation and security system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The transportation and security system market consists of revenues earned by entities by providing services such as access control, speed limit enforcement, and video surveillance. The market value includes the value of related goods sold by the service provider or included within the service offering. The transportation and security system market also includes sales of surveillance cameras, access control systems, and perimeter security systems. 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 the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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