Title: Transportation Safety And Transportation Security Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2021 - 2026
1Transportation Safety And Transportation
Security Market Forecast (2022 - 2027)Market
size, Industry outlook, Market Forecast, Demand
Analysis, Market Share, Market Report 2022-2027
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- The global Transportation Safety and
Transportation Security market size is forecast
to reach 8,604.6 million by 2026, growing at a
CAGR of 7.1 from 2021 to 2026. - The rising rate of roadside fatalities along with
growing demand for video surveillance, traffic
monitoring, access control and many others impact
the need for traffic control system, and act as
some of the vital factors attributing to its
market growth. - In addition, growing support towards improving
baggage screening within railways and airports
along with rising demand for cargo inspection
systems, intrusion detection systems and so-on
can also drive the market growth forward.
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- Key Takeaways
- Transport Safety and Transport Security for Cargo
Inspection application is analysed to witness the
fastest market growth during the forecast period
2021-2026, owing to factors like rising cargo
freight transportation of illicit goods and
stringent mandates towards cargo checking
regarding import and export trade activities. - APAC Transportation Safety and Transportation
Security market held the largest share in 2020,
attributed to rising in number of land transport
accidents, as well as government efforts towards
increasing public transport security and
surveillance.
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By Distribution Channel- Segment Analysis Based
on offering segmentation, Software is analysed to
grow with the highest CAGR of 7.5 in the global
Transportation Safety and Transportation Security
market during the forecast period 2021-2026.
Factors including a rise in road collision
incidents, adoption of advanced technologies like
artificial intelligence, IoT and so on for
improving transportation safety standards and so
on have attributed to the market growth.
Utilization of transportation security software
have been gaining wide popularity across varied
public transportation applications, owing to its
capabilities including faster and real-time data
insights with high accuracy.
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- Transportation Safety And Transportation Security
Industry Outlook - Smiths Detection
- Raytheon Technologies
- OSI Systems Inc.
- Kapsch Group
- Honeywell International Inc.
- Siemens AG
- Orbcomm Inc.
- Lockheed Martin Corporation
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Transportation Safety And Transportation Security
Market Forecast (2022 - 2027) Learn More About
the Report _at_ https//www.industryarc.com/Resear
ch/Transportation-Safety-And-Transportation-Securi
ty-Market-Research-500881
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- Analyst Briefing
- Data Tables
- Key Contacts
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