Metro, high-speed corridors and freight corridors are being built and most of the projects undertaken by the countries in the region are ambitious, significant and first of its kind. Mass transport security, in particular, has considerable growth potential, as most of the projects are planned for completion before 2018.
New analysis from Frost & Sullivan (aerospace.frost.com), Middle East Mass Transport Security Market Assessment, finds that the market earned revenues of $7.6 million in 2009 and estimates this to reach $76.2 million in 2016. The markets covered in this research service are access control, surveillance and explosive detection.
If you are interested in more information on this study, please send an email to Tanu Chopra / Nimisha Iyer, Corporate Communications, at tanu.chopra[.]frost.com/ niyer[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country.
A rising expatriate population coupled with increasingly congested roads is giving way to new forms of transportation systems in Middle East. Investment into transportation infrastructures is at present considered a status symbol in Middle East.
"Rail infrastructures worth $100.00 billion are either planned or being constructed in the Middle East," says Frost & Sullivan Research Analyst Sasidharan Chandran. "The initiation of the Gulf common rail project is expected to boost cooperation amongst the Gulf countries."
However, the restraints for the Middle East mass transport security market include reluctance to spend on security systems and a lengthy sales cycle. With an expanding competitor base, the profit margins of companies are likely to experience marginal growth.
"Acceptance level among the passengers and fewer regulatory procedures for mass transport security are major challenges faced by the companies," explains Chandran.
The Middle East mass transport security market participants should provide 'specific solutions' because of the open and fragmented environment prevailing in design structures of mass transports unlike other forms of transportation. Therefore, open architectures and presence of multiple entry and exit points for passengers are making the security manufacturers design unique solutions for mass transports.
"Security companies should diversify their product offerings to garner greater market share," concludes Chandran. "Since the Middle East security market is highly fragmented, business collaborations with system integrators and tier 2 companies are highly recommended."
Middle East Mass Transport Security Market Assessment is part of the Aerospace Growth Partnership Services programme, which also includes research in the following markets: Asia Pacific Oil and Gas Infrastructure Security Market, Maritime Security Market Assessment – Middle East, and Middle East Critical Infrastructure Protection Market Assessment. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents.
Middle East Mass Transport Security Market Assessment / M536
Corporate Communications – South Asia
P: +91 44 4204 4760
F: +91 44 24314264