The Global Transportation Security Market study presents an in-depth analysis of the competitive landscape, considering the market shares of the key players and other important elements of the market. The transportation security market is projected to account for a value of around USD 36 billion in the year 2018 and is expected to grow at a CAGR of more than 8% from 2018, to reach a value of approximately USD 65 billion by the year 2025.
Growth Factors & Restraints
The transportation security market driven by rising urbanization, technological advancements, growing demand for transportation facilities, and increasing investments from the various country governments is further expected to propel the need for the transportation security market globally. Significant limitations of the market are high initial costs and problems related to security, which are expected to act as restraints in the market.
The research study report profiles key companies of the Global Transportation Security Market. Some of the key players profiled in the report include:
- 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
The Global Transportation Security Market is analyzed by segmenting the market into various sub-groups:
- By Transportation Mode
- By Application
- Video surveillance
- Passenger & baggage screening system
- Cargo inspection system
- Perimeter intrusion detection
- Access control
- Nuclear & radiological detection
- Fire safety & detection system
- Tracking & navigation system
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The Global Transportation Security Market was analyzed in detail and the market is segmented into various geographies:
- Rest of Latin America
- Rest of North America
Middle East & Africa (MEA)
- South Africa
- North Africa
- Rest of Middle East & Africa
Asia Pacific (APAC)
- Rest of APAC
- Rest of Europe
Report Ocean follows a research methodology that is customer-focused, that involve a major contribution from company’s experts of research team and focused on client-specific requirements to analyze the market trends, historical and future data, and forecasted market specific developments. The client specific research provides the market sizing forecast and estimates for market research reports. Company’s estimation methodology leverages the data triangulation model that cover the major market dynamics and all supporting pillars. The detailed description of research process includes:
Data mining is an extensive step of research methodology. It helps to obtain the information through reliable sources. The data mining stage includes both primary and secondary information sources, which are explained in detail as follows:
In primary research process, numerous significant industry players were included to collect information on a primary basis that include face to face interview, group discussion, survey, and other methods. These information details were collected from both demand and supply side that helps to collect the quantitative and qualitative data based on various market parameters. Detailed interviews with major primary respondents include interviewing subject matter experts, industry professionals, C-level executives, industry consultants and many more to get insights on quantitative and qualitative market-oriented aspects, along with study of major market prospects that contribute in market growth during the forecast period.
In secondary research, numerous reliable web-sources and papers were referred to collect and identify information and industry trends for in-depth research process. Along with these open-available sources, company also collect information from various paid database that are extensive and diversified in terms of providing information in both quantitative and qualitative manner. The data collected from secondary sources help to calculate the market sizing, pricing model and business models of various companies along with current trends and initiatives taken by companies.
Why to purchase this report
- The report would provide an in-depth analysis on the current and future market trends
- Analysis on global, regional and country level markets
- Key strategic initiatives taken by major players operating in the market along with ranking analysis for the key players
- Analysis based on historical information along with the current trends to estimate the future of the market
- Analysis of the impact of constantly changing global market scenarios
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