Ever since the 9/11 attacks, there has been an increase in the investments for security technologies across the globe. Security has increased considerably across all sectors ranging from the government to the BFSI and the corporate sector. However, with this increase in security technologies, the transportation sector has seen the highest in terms of technology, which has been employed, as well as in terms of the budget allocation by various governments towards security improvement. Technologies such as video surveillance and vice recognition have now been used across a number of transportation hubs for the purpose of surveillance as well as for the purpose of identification. Over the years there has also been the introduction of various scanners, which look for specific compounds and solutions. Many of these systems are not present in plain sight but rather are used for an overall scan of a particular area at select locations of a transportation site.
In terms of regional contribution, the Americas and the European markets are the leading contributors to the overall market and will continue to be so till well after the forecast period. In light of the recent terrorist attacks in Turkey and in France, there has been an unprecedented focus on border security throughout Europe. New technologies are being deployed along with an increase in the number of video surveillance and biometric systems at transportation hubs as well as in the surrounding areas. The systems, which are used in these hubs, are also used to access data about individuals from numerous databases. For example, if there is an individual who is wanted for questioning by the police and if this individual tries to leave the country through an airport, the video surveillance system will identify this individual and automatically alert the law enforcement agencies without any delay. This will be an important trend taking place in the market with the easy flow of information from one transportation hub to another automatically without the need for human intervention.
The Transport security technology Market can be segmented as
- on the basis of sector
- Railways, Airways, Roadways and Waterways
- In terms of application
- Video surveillance, radiation detection, perimeter control, intrusion detection and biometric control
- In terms of technology
- Bottled liquids scanner, Explosive Detection System, and Explosive Trace Detection
- By Geography
- North America, South America, APAC, Europe, Middle East and Africa
Following are just a few of the companies that are operating in the Transport security technology market.
- Kejo Limited Co.,
- Mil-Spec Industries Corp
- Modular Connections LLC
- Shenzhen Security Electronic Equipment Co
- Sierra Monitor Corp