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In the five years since Sept. 11, 2001, the U.S. government has allocated about $20 billion for aviation security and only $400 million for ground transportation security. But that spending imbalance is beginning to shift, according to a new report entitled “Beyond Aviation: The Emerging Ground Transportation Security Market.”
Released by the Convergent Security Group, the report predicts U.S. ground transportation security spending will exceed $300 million this year and $1 billion during the next three years. Most of the dollars will be spent on implanting “intelligent” video surveillance systems, explosives detection equipment, analytical software and systems to improve supply-chain efficiency, Radio Frequency Identification-based tracking, access control and systems integration.
The report identifies several drivers behind increased ground transportation security spending: passage of funding legislation, political pressure to increase transit security spending, and concerns heightened by terrorist attacks on the London and Mumbai, India, transit systems.
The full report can be downloaded at www.legendmerchant.com.
9/11/2006
Rail News: Passenger Rail
Ground transportation security spending will increase in coming years, report says
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In the five years since Sept. 11, 2001, the U.S. government has allocated about $20 billion for aviation security and only $400 million for ground transportation security. But that spending imbalance is beginning to shift, according to a new report entitled “Beyond Aviation: The Emerging Ground Transportation Security Market.”
Released by the Convergent Security Group, the report predicts U.S. ground transportation security spending will exceed $300 million this year and $1 billion during the next three years. Most of the dollars will be spent on implanting “intelligent” video surveillance systems, explosives detection equipment, analytical software and systems to improve supply-chain efficiency, Radio Frequency Identification-based tracking, access control and systems integration.
The report identifies several drivers behind increased ground transportation security spending: passage of funding legislation, political pressure to increase transit security spending, and concerns heightened by terrorist attacks on the London and Mumbai, India, transit systems.
The full report can be downloaded at www.legendmerchant.com.
