Transportation Safety and Security market in Europe to grow at a CAGR of 8.31 percent over 2013-2018
Analysts forecast the Transportation Safety and Transportation Security market in Europe to grow at a CAGR of 8.31 percent over 2013-2018.
Analysts recognise the following companies as the key players in the Transportation Safety and Transportation Security Market in Europe: Alstom SA, Honeywell International Inc., Robert Bosch GmbH, Siemens AG and Thales SA. Other Prominent Vendors in the market are: Avigilon, Axis Communications, HID Global, L-3 Communications, Lockheed Martin, Nice Systems, Northrop Grumman, Nuctech, Raytheon, Rockwell Collins, Saab, Safran Group, Smiths Group, Southwest Microwave and United Technologies.
One of the major trends in this market is the emergence of chemical, biological, radiological, and nuclear defense systems. CBRN threats can cause many casualties and have a huge impact on the environment. Advanced technologies allow the development of different screening, detection, and mitigation systems to tackle such issues.
The increased concern over public safety measures is one of the major drivers of the market. With the rise in terrorist attacks on sensitive modes of transport, it has become imperative for government authorities to boost their security infrastructure to protect life and cargo alike. Further, the detection of loopholes in the safety and security systems is one of the major challenges that the market faces. Advanced CBRN modes of attack pose new threats to the security systems. These systems need to be constantly upgraded to prevent such situations.
Transportation safety and security systems are highly advanced integrated systems, which are increasingly gaining popularity. They form an integral part of the aviation, cargo supply chain, maritime, and other popular passenger transport systems such as roadways and railroads. Law enforcement, border security, and intelligence agencies work with each other in a multi-jurisdictional platform on the basis of inputs provided by these systems.
With an increased traffic and goods in transit and high levels of integration between different modes, it has become imperative for concerned agencies to ramp up security measures in sensitive infrastructures.