Global Passenger Security Equipment Market to Amount to USD 78.4 Bn by 2023, Expects KBV Research in Report Available at MarketPublishers.com27 Nov 2017 • by Natalie Aster
LONDON – Between 2017 and 2023, the worldwide market for passenger security equipment is projected to gain traction at a 9.3% CAGR to amount to the value of USD 78.4 billion by the year 2023. Robust market growth will likely be fueled by surging incidence of terror activities, especially on public transport infrastructures.
Passenger security equipment is mostly used in securing passengers from accidents, crimes, and other threats. The number of terror attacks is increasing, thus, giving an impetus to the adoption of passenger security systems is on the rise.
The leading companies active in the passenger security equipment comprise Honeywell International, Smith Group, Orbocomm, Kapsch, L3 Technologies, Siemens, Rockwell Collins, OSI Systems, Raytheon Group and Safran Group.
In-demand research publication “Global Passenger Security Equipment Market Analysis (2017-2023)” drawn up by KBV Research presents a profound market assessment on the basis of transport infrastructure, types of equipment and regions.
This research study gives access to relevant info on the actual situation in the world’s passenger security equipment market, reviews the historical market development patterns, sheds light on the market dynamics, scrutinises the main market growth stimulating and hampering forces, canvasses the emerging growth opportunities and major challenges. Moreover, this publication provides a snapshot of the recent industry developments, discusses the prevailing trends, delves deep into the competitive scene and gives profiles of the top companies operating in this sphere. In addition, the report comprises a future outlook up till 2023.
To find a full list of topical research reports worked out by this publisher visit KBV Research online catalogue at MarketPublishers.com.