Global Mass Transit Security Market 2017-2021

Outlook of the global mass transit security market

Technavio’s market research analyst predicts the global mass transit security market to grow steadily at a CAGR of around 9% by 2021. One of the major drivers responsible for this growth is the increasing need for public safety. A constant rise in the crime rate and an ever-increasing number of criminal attacks has raised awareness of security among local and federal governments. For instance, in August 2015, a heavily armed man attacked commuters on a train in France. Such terror attacks are increasing worldwide, and corrective methods are being taken especially in mass transit locations such as bus stops, railway stations, airports, and marine ports. Since catastrophic attacks can lead to irreparable losses, transit security systems are helpful in monitoring and scanning people and their luggage. Also law enforcement agents are expected to take precautionary measures to avoid such incidences.

The rising number of terrorist attacks has led to an increase in the demand for chip-embedded passports, also known as e-passports. With the rising number of cross-border travelers, the need for a better passport authentication method has become a priority for authorities across the globe. E-passports are embedded with smart chips that generate a unique code for the identification of the user. These codes are difficult to decode or forge, making e-passports more reliable than traditional paper booklets. The adoption of e-passports is rapidly increasing in European countries such as Finland, the Netherlands, Germany, France, Poland, Greece, and Macedonia.

Competitive landscape and key vendors