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Mass Transit Security Market Share

Report ID: GMI7652
Published Date: Dec 2023
Report Format: PDF

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Mass Transit Security Market Share

The companies operating in the mass transit security industry focus on implementing different growth strategies to strengthen their offerings and expand the market reach. The strategies involve new product development & launches, partnerships & collaborations, mergers & acquisitions, and customer retention. The industry players also heavily invest in R&D to introduce innovative and technologically advanced solutions in the market.

Mass Transit Security Market Companies

The major companies operating in the mass transit security industry are:

Axis Communications
Bosch Security Systems
Cisco Systems
FLIR Systems
Genetec
Honeywell Security Group
Hikvision Digital Technology

Authors: Suraj Gujar , Sandeep Ugale

Frequently Asked Questions (FAQ) :

The market size of mass transit security reached USD 40 billion in 2023 and is poised to grow at 8% CAGR from 2024 to 2032, due to the growing global concerns about terrorism and security threats.

The surveillance & monitoring segment held over 20% of the market share in 2023, owing to the growing security concerns and the need to guarantee passenger safety.

North America held over 35% of the market share in 2023, attributed to the growing public safety concerns and strict laws in the region.

Axis Communications, Bosch Security Systems, Cisco Systems, FLIR Systems, Genetec, Honeywell Security Group, and Hikvision Digital Technology are some of the major mass transit security companies worldwide.