The global transportation and security system market is estimated to reach USD 17.8 billion in 2023 and is expected to grow to USD 41.1 billion by 2033, trailing a CAGR of 8.8% during the forecast period.
Surface transportation users expect a certain level of security. Intelligent transportation systems (ITS) provide services like surveillance, control, communications, and information collection and dissemination in real-time, which can help safeguard against threats.
Economic development and sustainability have always been closely linked with transportation, and economies at every level are increasingly dependent on reliable and efficient transportation systems. Employees use transportation systems to get to work, and businesses use them to provide and receive support services and supplies.
Economies in a region are often interconnected by transportation systems. Interstate highways play an essential role in the United States. economy, connecting goods from one region to another. In addition to its importance to national defense, interstate travel also plays an important role in the development of the transportation system.
| Attribute | Details |
|---|---|
| Expected Market Value (2023) | USD 17.8 billion |
| Anticipated Forecast Value (2033) | USD 41.1 billion |
| Projected Growth Rate (2023 to 2033) | CAGR of 8.8% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
According to FMI, transportation and security systems grew at a CAGR of 11.7% between 2018 to 2022. Interconnected systems are being created within transportation networks using the Internet of Things.
Through the integration of sensors and devices, the Internet of Things enables real-time monitoring and control of transportation infrastructure, such as roads, bridges, railways, and airports. As a result, the transportation system becomes more efficient, safer, and easier to maintain.
Due to the increasing reliance on digital infrastructure in transportation systems, protecting them from cyber threats is of paramount importance. Data breaches and hacks are common in transportation networks due to interconnected systems and IoT devices. In order to protect transportation systems, it is critical to use robust encryption, network monitoring, and vulnerability assessments.
With blockchain technology, supply chain security is made more secure and transparent. With blockchain technology, transportation can be more traceable and accountable by recording goods' origins, ownerships, and handlings immutably. By implementing this technology, counterfeiting will be prevented, cargo tracking will be improved, and customs processes will be streamlined. According to FMI’s analysis, transportation and security system market sales are expected to grow at an 8.8% CAGR between 2023 and 2033.
With the goal of improving transportation efficiency and safety, ITS integrates various technologies, including sensors, communication networks, and data analytics. Connected vehicles, traffic management, real-time information, and automated toll collection are some of the features that are included in the system.
Traffic flow is being optimized, congestion is being reduced, and overall transportation experience is being improved by integrating ITS into existing infrastructure.
A revolution in transportation systems could be brought about by the development of self-driving cars and trucks. The use of AVs can reduce traffic congestion, increase safety, and make transportation more efficient. Fully autonomous vehicles are in the process of developing rapidly, with a large number of companies investing in their research and development.
Advanced security systems are continually explored at airports to ensure passenger safety while minimizing inconveniences. Security screening processes are being streamlined through the use of biometric identification methods, such as facial recognition and fingerprint scanning. The system analyzes passenger behavior and detects potential threats using machine learning algorithms as well.
Principal Consultant
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
Expanding Infrastructure and Accelerating Economies to Grow the Market
With its increasing number of automotive manufacturers, China will continue to be a significant exporter and importer of transportation and security systems. The market is expected to grow at a CAGR of 10.2% during the forecast period.
The rapid growth of China's economy and urbanization have created a significant demand for transportation systems. Several significant investments have been made in the country's transportation infrastructure, such as high-speed railways, extensive roads, modern airports, and expanded ports. Due to its massive population and growing economy, China's demand for transportation systems continues to rise.
China has also increased its demand for security systems in order to protect its critical assets and enhance public safety. Chinese authorities have implemented a variety of security initiatives, such as video surveillance and facial recognition technology. In order to maintain social stability and ensure safety within the country, advanced security systems have been designed for transportation hubs, public areas, and critical infrastructure.
Government Support and Growing Investments to Grow Demand
Transport and security system are among the top consumers in the United States; however, government regulations are expected to affect their demand. According to the forecast, transport and security system demand will grow at a CAGR of 7.6% in the United States.
Considering the country's vast size and population, transportation systems are in high demand in the United States. Roadways, railways, air transportation, and waterways are all modes of transportation in the transportation sector. Highways, bridges, airports, and ports, which provide efficient and sustainable transportation, remain in high demand.
Intelligent transportation systems (ITS) utilizing technologies such as traffic management, tolling, and vehicle-to-infrastructure communication are increasingly in demand. For public safety and the protection of critical infrastructure, security systems are crucial in the United States.
Cybersecurity, access control, intrusion detection, perimeter security, and video surveillance are among the security systems that are in demand. Transportation hubs, airports, seaports, and public spaces are among the sectors with an increasing demand for advanced security technologies and systems due to concerns about terrorism, crime, and cybersecurity threats.
A recent investment of nearly USD 1 billion by the United States government in airport security systems may also contribute to demand growth. The United States transportation and security systems market, though lacking a clear consensus, is likely to grow in demand.
Global Air Travel is Expected to Drive Growth for Transportation and Security Systems Market
According to FMI, the market for transportation and security systems is expected to hold a market share of 13.1% during the forecast period. Increasing demand for roadway vehicles in this country will result in an increase in market growth. Due to the growth of oil and gas industries in the market, demand is expected to increase.
Several major companies have substantial operations in the United Kingdom, including Thales and G4S. Airport security is governed by the United Kingdom Department for Transport, and the country has well-connected air transport. Transport and security solutions could also be driven by smart transportation systems in the United Kingdom.
A Growing Population and Demand for Automobiles will lead to an Increase in Demand for Transportation and Security Systems
Roadways transportation and security system modes are projected to hold a dominant position throughout the forecast period. This can be attributed to the growing demand for logistic industries and transportation vehicles. The market is projected to grow at a CAGR of 8.6% during the forecast period.
A traffic management system monitors and manages traffic flow with the goal of reducing congestion and improving overall efficiency. Their strategy involves collecting real-time data, analyzing traffic patterns, and implementing strategies like adaptive traffic signal control using technologies like traffic cameras, loop detectors, and vehicle-to-infrastructure communication.
Roadway surveillance cameras monitor traffic, detect incidents, and provide evidence for investigations. Advanced video analytics can be used to identify suspicious or illegal activities with these cameras, including license plate recognition and object tracking.
With the aid of technologies like automatic license plate recognition (ALPR), vehicles can be identified for a variety of purposes, such as law enforcement, toll collection, and traffic management. From images or video footage, ALPR systems extract license plate information using optical character recognition.
Physical Barriers are expected to Increase Demand for Access Controls in the Market
Entry and exit points have physical barriers like gates, bollards, and barriers to control car traffic. To verify and authorize access, access control gates are either manual or automated and usually equipped with sensors, card readers, or biometrics.
The use of card readers is common when individuals or vehicles are trying to gain access to controlled areas. An RFID card reader reads RFID cards, key fobs, or access codes issued to authorized employees or vehicles. The use of biometrics, such as fingerprint scanners or iris scanners, may also improve security.
Automated License Plate Recognition (ALPR) and Radio Frequency Identification (RFID) are technologies that enable automatic identification and authentication of vehicles. While ALPR systems capture license plate information, dedicated readers at access points can read RFID tags attached to vehicles.
Start-ups play a key role in identifying opportunities for growth in transportation and security. Adapting to market uncertainties and transforming them into results contributes to the industry's expansion. Market growth for transportation and security systems is being driven by a few start-up companies.
For key players to maintain a competitive edge and keep their dominance in the market, new and innovative products, solutions, and technologies are needed.
Considering that a small percentage of the market is dominated by a few key players across the globe, the global market can be considered fairly consolidated. The excellent scope of demand creates a high level of participation in the market.
Some of the leading companies operating in the market are:
Market developments in recent years are:
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD billion for value |
| Key Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East & Africa |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, China, Japan, South Korea, Singapore, Thailand, Indonesia, Australia, New Zealand, GCC Countries, South Africa, Israel |
| Kay Segments Covered | System, Modes, Region |
| Key Companies Profiles | Safran Group; Rapiscan Systems; SAAB; ABB; Smiths Group; ORBCOMM Inc.; Lockheed Martin; L-3 Communications; Kapsch Group; Honeywell International; Alstom S.A. (France); Raytheon Company; Cisco Systems Inc.; ASSA Abloy; FLIR systems; Bosch security systems; ADT Corporation; Broadcom Limited; Fortinet |
| Customization & Pricing | Available Upon Request |
Between 2018 and 2022, sales surged at a CAGR of 11.7%.
The market to continue to evolve at an 8.8% CAGR through 2033.
The market to climb to USD 41.1 billion by 2033.
The market is to be valued at USD 17.8 billion in 2023.
Improved safety yields high returns on investment and lucrative earnings opportunities.
The forecast period is expected to experience a CAGR of 10.2% for the China market.
In the United States, demand shall boost at a CAGR of 7.6%.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By System 5.1. Access Control 5.2. Surveillance 5.3. Fire Safety 5.4. Scanning 5.5. Biometrics 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Modes 6.1. Roadways 6.2. Railways 6.3. Airways 6.4. Seaways 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. Asia Pacific 7.5. MEA 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Key Countries Market Analysis 14. Market Structure Analysis 15. Competition Analysis 15.1. Safran Group 15.2. Rapiscan Systems 15.3. SAAB 15.4. ABB 15.5. Smiths Group 15.6. ORBCOMM Inc. 15.7. Lockheed Martin 15.8. L-3 Communications 15.9. Kapsch Group 15.10. Honeywell International 15.11. Alstom S.A. (France) 15.12. Raytheon Company 15.13. Cisco Systems Inc. 15.14. ASSA Abloy 15.15. FLIR Systems 15.16. Bosch Security Systems 15.17. ADT Corporation 15.18. Broadcom Limited 15.19. Fortinet 16. Assumptions & Acronyms Used 17. Research Methodology
Explore Automotive Insights
View Reports
Transportation and Security System Market
