GLOBAL SECURITY SOLUTIONS FOR THE TRANSPORTATION MARKET BY TECHNOLOGIES, 2008-2015 ($ MILLIONS)
Source: BCC Research
This study aims to provide an intensive analysis of the security solution market used exclusively in the transportation sector. The market is segmented into technology and applications' markets. The technology market covers key segments such as surveillance, chemical, biological, radiological and nuclear (CBRN) detection, access control, perimeter intrusion detection and biometric technologies.
These technologies are further segmented to provide micro analysis and intensive coverage of the market. The key applications market includes mass transit, airport security, port security and logistics and returnable transport items markets.
The impact of 9/11 and the following terrorist attacks in Madrid and Mumbai have led to increasing investment in security solutions exclusively in transportation applications. More than 730 million passengers travel by jet every year; more than 20% of the maritime trade worldwide is handled at U.S. Sea and river ports alone. Such immense dependence on transportation systems makes them a target of terrorist attacks. The biggest challenge with the conventional systems was to handle false alarms. Emerging technologies are therefore constructed to provide effective decision support systems, with reduced probability of false alarm. This report aims at capturing details of such break-through technologies.
The market transition from analogue to Internet protocol (IP) and digital technologies has significantly changed market dynamics. However, interoperability and effective integration would lead to a higher level of adoption of security solutions. Software developments have added intelligence to the security solutions. The emerging markets in the Asia-Pacific (APAC) region are promising significant growth in the long term. However, cost constraints limit security solution applications in the near to mid term future. The security solutions' market for the transportation industry is therefore evidencing rapid changes and key opportunity areas need to be identified to keep pace with changing dynamics. This report throws light on such important trends that would enable the audience to make effective decisions.
The key goal of the report is to provide intensive analysis of the security solutions market that will enable readers to make effective decisions. This report also aims to present key growing market areas that promise immense opportunities and long term growth.
The report aims to provide a detailed picture of the security solutions' market for transportation at the micro market level.
The report is based on both primary and secondary research. Primary research was conducted through telephone interviews of top officials that include CEOs, VPs, AVPs and product heads of the respective markets. The primary research was also conducted among consultants and key opinion leaders. Secondary research includes keyword searches through paid and other sources such as company websites, government sites etc. With 2009 as the base year, the market forecast was derived by combining market dynamic analysis and primary research. The market estimates were further reconciled with a top down approach.
Priyanka Patel has more than 5 years experience in business research, consulting, and marketing. She has vast experience in the automatic identity and security domain applied in all end-user markets extending from aerospace to automotive markets. She has been constantly tracking key technologies in security markets. She has authored reports on radio frequency identification (RFID) healthcare markets, real time locating systems (RTLS) market opportunities, Smartcard application opportunities, the chipless tag market and many others. She has been continuously interacting with key industry participant across the globe through analyst briefings. She has been delivering research services that include high level business intelligence, market dynamic analysis, strategic recommendations, opportunity analysis, SWOT analysis, Porter' s five force model, pricing analysis, cost benefit analysis, investment models and others. She holds a bachelors' degree in commerce and an MBA in marketing.