The governments have accelerated investments in the procurement of advanced security systems and solutions for public security and protection against threats. An observation presented by Market Research Future (MRFR) unravels that the global homeland security market is projected to mark 5.82% CAGR across the assessment period 2018 to 2023. Increasing investments in the modernization of technology in the defense sector are poised to drive the growth of the market in the coming years. In addition, the constant developments of technology being introduced by the key players are projected to propel the expansion of the homeland security market in the foreseeable future.
Increasing number of terrorist attacks over the years has accelerated demand for the product as it facilitates the interception of potential attacks. It also exhibits reliability and accuracy which is likely to motivate the growth of the homeland security market across the review period. The rising of terrorist groups such as Boko Haram, ISIS, Al Qaeda, etc. has necessitated investments in advanced systems for enhanced security. It is anticipated to influence the proliferation of the homeland security market greatly over the next couple of years.
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The rising threat posed by regional militant groups is also poised to drive expansion of the market in the coming years. Also, the deployment of advanced systems in public places such as airports, railway stations, ports, etc. are expected to act as growth catalysts in the years to come. The cross-border tension and illegal infiltration are two of the crucial drivers of the revenue acceleration in the homeland security market. These factors are likely to encourage the growth of the market during the review period. A recent rise in cyber threats has led to the development of software solutions to restrict the attacks on government websites. It is also projected to favor market expansion in the upcoming years.
Lockheed Martin Corporation (US), Raytheon Company (US), Honeywell International Inc. (US), Northrop Grumman Corporation (US), IBM (US), Boeing (US), Thales Group (France), FLIR Systems, Inc. (US), General Dynamics Corporation (US), BAE Systems (UK), Unisys (US), Harris Corporation (US), Elbit Systems Ltd. (Israel), CACI International Inc (US), and Leidos (US) are few of the major players of the homeland security market. They are expected to invest huge amounts in technological innovations, which is expected to intensify competition in the global market in the nearby future.
- Homeland security solution providers
- Law enforcement agencies
- Defense organizations
- Government authorities
- Defense companies
- Research institutes
- Regulatory bodies
On the basis of system, the global Homeland Security Market has been segmented into weapon system, access control system, communication system, platforms, detection, and monitoring system, intelligence and surveillance system, modeling and simulation, countermeasure system, rescue and recovery system, command and control system, and others.
By end-user, the homeland security market has been segmented into risk and emergency services, aviation security, border security, maritime security, cybersecurity, law enforcement, and information gathering, and Chemical Biological Radiological and Nuclear (CBRNE) security.
In the geographical assessment of the global homeland security market, five regions have been identified that are also studied on a country-level basis. These regions are – Latin America, Europe, the Middle East & Africa (MEA), North America, and Asia Pacific (APAC). Asia Pacific is anticipated to strike a higher growth rate in the years to come., Increasing cross-border conflicts in the region is expected to increase investments in modern warfare systems. This, in turn, is poised to lead the expansion of the homeland security market in the forthcoming years. In addition, rising militancy in regions such as Afghanistan, Pakistan, India, etc. is expected to hold a key role in the development of the regional market in the forthcoming years. In addition, the rising protests in Hong Kong, Kashmir (India), etc. are likely to accelerate revenue generation in the homeland security market.
- Market Sizing, Forecast, and Analysis: Detailed coverage of the market segment and sub-segments
- Regional/Country Trends and Forecast: Detailed analysis of the market in North America, Asia-Pacific, Europe, Middle East & Africa, and Latin America, along with key countries in each region
- Market Dynamics Intelligence: Market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain, and value chain analysis
- Technology Trends, Regulatory Landscape, and Patent Analysis Outlook
- Competitive Intelligence: Market share analysis, financial analysis, product benchmarking, and strategic developments including joint ventures, product launches, and mergers & acquisitions
- Regional attractiveness and related growth opportunities
The market values and forecast are derived using the MRFR research methodology, which includes secondary research, primary interviews, data triangulation and validation from an in-house data repository, and statistical modeling tools.
In this process, data is collected from various secondary sources, including annual reports, SEC filings, journals, government associations, aerospace & defense magazines, white papers, corporate presentations, company websites, and paid databases.
In this process, both the demand- and supply-side parties are interviewed to extract facts and insights into the market forecast, production, trends, and projected market growth. Industry stakeholders such as CEOs, VPs, directors, and marketing executives across the value chain are approached to obtain key information.
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Table of Contents
1. Executive Summary
1.1. Market Attractiveness Analysis
1.1.1. Global Homeland Security Market, by System
1.1.2. Global Homeland Security Market, by End Use
1.1.3. Global Homeland Security Market, by Region
2. Market Introduction
2.1. Market Definition
2.2. Scope of the Study
2.3. Market Structure
2.4. Key Buying Criteria
2.5. Market Factor Indicator Analysis
3. Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
3.6. List of Assumptions
List of Tables
Table 1 Global Homeland Security Market, by Region, 2018–2023
Table 2 North America: Homeland Security Market, by Country, 2018–2023
Table 3 Europe: Homeland Security Market, by Country, 2018–2023
Table 4 Asia-pacific: Homeland Security Market, by Country, 2018–2023
Table 5 Middle East & Africa: Homeland Security Market, by Country, 2018–2023
Table 6 Latin America: Homeland Security Market, by Country, 2018–2023
Table 7 Global Homeland Security Market Size, by Region, 2018–2023
Table 8 North America: Homeland Security Market Size, by Country, 2018–2023
List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top-down & Bottom-up Approaches
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
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