The Transportation Security Technology Market was valued at $33,130.0 million in 2017 and is projected to reach $61,272.1 million by 2025, growing at a CAGR of +8% from 2018 to 2025.
The Transportation Security Administration (TSA) is an agency of the U.S. Department of Homeland Security that has authority over the security of the traveling public in the United States. It was created as a response to the September 11 attacks.
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The representative of this Market is:
Raytheon Company, Smiths Detection, Inc., Security Electronic Equipment Co. Ltd., Lockheed Martin, L-3 Communications Holdings, Inc., Honeywell International, Inc., Rapiscan Systems, United Technologies Corporation, Alstom, and Kapsch.
Research N Reports has added new statistical data to its massive repository which helps to provide proper guidelines for businesses. In order to satisfy the business needs of various customers, it offers analytical data of business structures by using primary and secondary research methodologies. The global Transportation Security Technology Market is expected to grow considerably due to the rise of surveillance and screening technologies. This market is expected to see widespread growth, especially in emerging economies, due to the increasing need for public safety and the increased adoption of technology in various security systems.
The growth of the Transportation Security Technology Market is driven by the constant need for public safety and massive transportation infrastructural development. However, high investment cost of the technology and problems associated with security applications’ implementation in all the modes of transportation hinder the market growth.
This Transportation Security Technology Market report study includes important data and forecasts for the global market, making research reports useful for marketing people, analysts, industry executives, consultants, sales and product managers, and others who need key industry data. Provides instantly accessible formats with clear representation of graphs and tables.
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Transportation Security Technology Market Segments
Market segment by Types
- Explosive Detection System (EDS)
- Explosive Trace Detection (ETD)
- Bottled liquids Scanner (BLS)
Market segment by Application
- Video Surveillance
- Biological & Chemical
- Nuclear & Radiological Detection
- Perimeter Intrusion Detection and Access Control
In this study, the years considered to estimate the market size of Transportation Security Technology are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2026
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Major Factors about the Report:
- Global Transportation Security Technology Market Overview
- Economic Impact on Market
- Market Competition
- Global Transportation Security Technology Market Analysis by Application
- Industrial Chain, Sourcing Strategy and Downstream Buyers
- Marketing Strategy Analysis, Distributors/Traders
- Global Market Effect, Factors, Analysis
- Global Market Forecast
– The report provides a detailed analysis on current and future market trends to identify the investment opportunities
– Market forecasts till 2025, using estimated market values as the base numbers
– Key market trends across the business segments, Regions and Countries
– Key developments and strategies observed in the market
– Market Dynamics such as Drivers, Restraints, Opportunities and other trends
– In-depth company profiles of key players and upcoming prominent players
– Growth prospects among the emerging nations through 2025
– Market opportunities and recommendations for new investments
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