Transport companies are operating under increasing financial challenges, including fuel prices and various natural disasters. According to the research, these transport companies are experiencing low-profit margins that enabled industries to have repeated business from a satisfied customers. The lack of appropriate security personnel, coupled with the lack of appropriate training, would delay the detection of stolen freight and incur more losses to firms. Transport security encompasses maritime, aviation, air cargo supply chain, and mass passenger transport system.The transport industry players are acting as transnational companies, offering international freight services across the globe.

Increased risks from terrorism

Today there are increased risks of terrorist activities seeking to cause mass casualties and economic damages. In Australia, for example, the air cargo supply chain security is regulated under the Aviation Transport Security Regulations 2005 and Aviation Transport Security Act 2004. However, in general, the lack of law targeting organised theft of freight is expected to restrain the industry growth over the forecast period. 

And, although the majority of companies have implemented up-to-date technologies to track goods over the internet, the researchers found that they still suffer losses through theft or compliance owing to various reasons including laziness and lack of time for the employees. Companies are providing training for contractors and employees about freight handling and risk analysis to reduce shrinkage.

Some of the highlights from the secure logistics market report can be summarised as follows:

• By type, the static segment accounted for the largest share of 59.5% in 2024. The mobile segment is expected to grow at the fastest CAGR during the forecast period.

• By mode of transportation, the road segment held the dominating share in the market in 2024. The air segment is expected to grow at the fastest CAGR during the forecast period.

• By application, the cash management segment dominated the market in 2024. The manufacturing segment is projected to grow at the fastest CAGR over the forecast period.

• By end-use, the financial institutions segment dominated the market in 2024. The government segment is expected to register the fastest CAGR over the forecast period
  

Geographical strengths

The secure logistics market in Europe held the largest share of 41.6% in 2024. The UK secure logistics industry is expected to grow rapidly in the coming years, driven by high-value financial operations, retail activity, and the presence of major multinational banks and security firms.

The secure logistics market in Asia Pacific is expected to grow at the fastest CAGR of 12.4% over the forecast period. The secure logistics industry in India held a substantial market share in 2024.

Key players

Some of the businesses active in this field and cited by the researchers include,  Brink’s Incorporated, Cargoguard, CMS Info Systems (CMS), G4S Limited, Gardaworld, Allied Universal, Loomis AB, Maltacourt, Securitas AB and Prosegur.