- The Global Transportation Safety and Transportation Security market is expected to witness significant growth, posting a CAGR of 10.74 percent, during the period 2014-2018.
London, 07 August 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Transportation Safety and Transportation Security Market 2014-2018. One of the major trends in the market is the emergence of chemical, biological, radiological, and nuclear defense systems. CBRN threats cause innumerable casualties and damage the environment on a mass scale. Advanced technologies allow the development of different methods of screening, detection, and mitigation systems to tackle such issues.
“There is an increase in the demand for dual-benefit solutions that provide operational excellence while upholding safety and security measures to the desired standards,” says Faisal Ghaus, Vice President of TechNavio Research.
“The usage of high-tech solutions such as RFID, wireless communications, and sophisticated video surveillance equipment help reduce the manpower requirement for carrying out safety checks.”
Vessel Tracking Systems
Vessel traffic control systems are shore-side systems used to obtain the location data of maritime vessels. This information is obtained either on a real-time basis or by warehousing data in a database. Constant growth in maritime traffic worldwide and a simultaneous decrease in crew on deck have raised concerns about the safety of the fleet.
Vessel tracking and navigation systems perform functions such as vessel monitoring, distress messaging, geo-fencing alarms, and recording on-board activities. They work with traffic control systems to ensure that international waters are not encroached by maintaining a two-way communication with the maritime in-land base, and notifying emergency situations such as pirate attacks to maritime authorities.
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
