Market Trends of North America Public Infrastructure Safety Industry
Transportation Vertical is Expected to Hold a Significant Market Share
- The transportation systems sector, which comprises railways, roads, and aviation, moves millions of passengers and goods. Therefore, protecting this network becomes critical for a nation's way of life and economic vitality. Airports are essential to the region's transportation and supply chain, and the government is investing in its physical security.
- Modern physical security systems are expected to improve an airport's ability to protect staff, passengers, and property. However, they can go beyond security while enhancing operations and passenger experience, supporting a more profound transformation. For instance, the Transportation Security Administration (TSA) plans to expand its facial recognition program to approximately 430 US airports over the next several years. The technology is currently in 16 airports. In addition to Baltimore, it is being used at Reagan National near Washington DC, airports in Boston, Atlanta, Denver, Dallas, Detroit, etc.
- Moreover, the deployment of public safety systems in the region is expected to reduce the number of road accidents. As per the data from the National Highway Traffic Safety Administration, 40,990 people died in motor vehicle traffic crashes in 2023, a decrease of about 3.6% as compared to 42,514 fatalities reported to have occurred in 2022.
- Furthermore, cyber risks in transportation are increasing, and companies are developing and modernizing solutions to protect themselves from cyber threats. These factors are expected to increase the region's demand for public infrastructure safety.
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United States to Hold a Significant Market Share
- The United States is a major adopter of public infrastructure safety systems owing to the presence of several larger market players. Commercial verticals, such as hotels, malls, and retail stores, are the biggest adopters of public infrastructure safety systems in the United States.
- The National Infrastructure Protection Plan has been revised to identify 16 critical sectors susceptible to attacks. Implementing this plan has increased the demand for public safety solutions in those 16 sectors: agriculture and food, emergency services, defense, IT, energy and power, transportation and shipping, banking, chemical and hazardous manufacturing industry, and national monuments.
- Moreover, the United States is among the countries with the highest rate of road accident fatalities per one million population. Drunk driving and speeding are the two main risk factors. In 2023, approximately 41,000 people died in road traffic fatalities. The installation of public safety systems will reduce the number of accidents.
- Furthermore, the substantial increase in data breaches in the country across various industries is increasing organizations' adoption of biometrics to provide another layer of security and understand people's entry and exit.
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