Research and Markets added Frost & Sullivan’s report "The Mass Transport Security Market Assessment EU Accession States" to their offering.
Research and Markets added Frost & Sullivan's report "The Mass Transport Security Market Assessment EU Accession States" to their offering.
This research discusses in detail the market trends, industry challenges, market drivers and restraints, impact of the drivers and restraints, revenue projections, overview of key market participants, key recommendations and conclusions for the mass transport security market. The major types of transport covered in the research study are rail, bus, trams and metros. The research discusses about the technological segments in which the market is divided: Explosives detection, access control and surveillance. The competitive profiling discusses about the various market participants who play a major role in the mass transport security market.
The mass transport security market in EU accession states has gained importance in the midst of new technology adoption, large-scale events and increasing terrorist threats. At the same time, the industry confronts serious challenges like providing integrated solutions. Customized solutions and competitive pricing will enable market participants to address these challenges effectively.
"Intensifying terrorist threats, large-scale public events and the emergence of new technologies will drive the mass transport security market in EU Accession States," the analyst said. The market is set to expand between 2010 and 2013 due to completion of large-infrastructure projects and life cycle replacements across EU accession states. Terrorist threats will be the major spur for market growth. The vulnerable nature of mass transportation systems and easily accessible entry points underpin the importance of enhanced security measures.
"Large-scale public events require infrastructure and transportation security projects," the analyst said. The 2012 Summer Olympics, scheduled to take place in London and the EURO championships in 2012, will generate numerous opportunities in providing security for the construction, expansion and subsequent functioning of railways, roads and airports in the region. At the same time, technological improvements will act as a high-impact market driver during the long term. For example, advances in biometrics and explosive detection will boost the mass-transport security market in EU Accession States.
However, lack of security solutions specific to mass transport and the complex-procurement pattern of the available solutions will dampen market potential. The design and construction of mass transportation systems makes them vulnerable to threats.
A key challenge will be intensifying competition. This has led to narrowing profit margins for market participants. Another major challenge lies in providing enhanced security measures for mass transport systems while maintaining passenger satisfaction.