MarketsandMarkets forecasts the Critical Infrastructure Protection Market size to grow from USD 133.3 billion in 2021 to USD 157.1 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 3.3% from 2021 to 2026. Increasing stringent government regulations to increase the adoption of CIP solutions, rising security breaches and attacks pose a threat to physical systems and growing need to secure OT networks to boost the growth of critical infrastructure protection market across the globe during the forecast period.
By solution, physical safety and security segment to hold the largest market size during the forecast period
Physical safety and security is the protection of physical assets, such as hardware, programs, premises, and personal data, from physical threats. Ignoring these threats can lead to serious damages or losses to owners and users. Any critical infrastructure requires multiple physical barriers to ensure physical protection. Terrorism and natural disasters remain the biggest challenges for CIP. For example, in September 2019, Saudi Arabia suffered the deadliest attack on its oil facilities named Saudi Aramco. A small army of drones attacked two major oil plants in Abqaiq and Khura, destroying nearly 50% of the countrys global supply of crude oil. Therefore, enterprises need to think beyond traditional perimeter security, clearly define security perimeters, and protect secured areas with entry controls to ensure authorized personnel entry. In November 2018, US president Donald Trump established the Cybersecurity and Infrastructure Security Agency (CISA) that co-ordinates security and resilience efforts using trusted partnerships across private and public sectors and delivers technical assistance and assessments to federal stakeholders as well as infrastructure owners and operators. Secure and robust security systems such as high-quality video surveillance systems and perimeter security systems are integrated in premises to monitor ongoing activities in and around the premises. With the inception of video analytics as well as technologies, such as thermal cameras and biometric authentication, video surveillance has improved drastically. Some systems now use micro waves and radio waves to create perimeters that can alert security teams about threats. Video surveillance devices supported by video analytics software help monitor crowds in public areas and enterprises. The increased adoption of video surveillance supported by the facial recognition technology is observed in various application areas, including border control, law enforcement, and government and public utilities. The physical safety and security segment includes physical identity and access control systems, perimeter intrusion systems (RADARs and sensors), video surveillance systems, screening and scanning, and others (facility management systems, emergency response, and disaster management).
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In vertical, commercial sector to grow at the highest CAGR during the forecast period
The commercial sector includes sensitive areas, such as hospitals, stadiums, theatres, auditoriums, malls, offices, and holy places. Protecting these facilities becomes extremely important for countries’ security and economy. People are present in huge numbers in these places. Even with the deployment of CCTV cameras as well as checking passes of people entering premises is followed, it is still not sufficient to ensure proper security. A minor neglect can result in huge losses. For example, on 25th March 2020, Islamic jihadist suicide bombers and assailants armed with guns attacked Gurudwara Har Rai Sahib (Sikh shrine) in Kabul, Afghanistan, resulting in the death of 25 people and leaving many wounded. These challenging environments need to be secured by deploying the right technology and providing the best possible information to decision makers. These critical infrastructures typically cover large areas, and thus, the need to achieve full coverage and better operational efficiencies drives the growth of this vertical.
The critical infrastructure protection market includes major vendors, such as BAE Systems (UK), Lockheed Martin (US), General Dynamics (US), Northrop Grumman (US), Honeywell (US), Airbus (France), Raytheon (US), Thales (France), Hexagon AB (Sweden), Johnson Controls (US), Huawei (China), Optasense (England), Teltronic (Spain), Motorola Solutions (US), Axis Communications (Sweden), Waterfall Security Solutions (Israel), Rolta (India), SCADAfence (Israel), Tyco International (Ireland), and 3xLogic (US), Sightlogic(US), Accritical Infrastructure Protectioniter Radar (US). These players have adopted different growth strategies to expand their global presence and increase their market shares. New product launches, partnerships, and acquisitions are some of the important strategies adopted by the major players to grow further in the critical infrastructure protection market.
BAE Systems was founded in 1999 and is headquartered in London, UK. The company deals in defense and military equipment. It is the third-largest defense contractor after Lockheed Martin and Raytheon. It operates in five different business segments: electronic systems, cyber and intelligence, platforms and services, air, and maritime. It develops and delivers advanced defense and aerospace systems for air force, military, and naval forces. Its electronic systems segment offers Electronic Warfare (EW) systems, Electro Optical (EO) sensors, commercial digital engines, military communication systems, and data links. The company offers a range of products to various military platforms and advanced electronics, IT, and customer services. Some of the key subsidiaries of BAE Systems are BAE Systems Integrated System Technologies, BAE Systems Maritime – Submarines, and BAE Systems Military Air and Information. In the Critical Infrastructure Protection market, BAE Systems develops solutions such as access control, CCTV and video management, perimeter protection, intrusion detection and alarm panels, biometric identification, and intelligent surveillance. The company is present in the KSA, UK, US, Australia, and India.
Lockheed Martin was founded in 1995 and is headquartered in Maryland, US. It is a global security and aerospace company engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services. Lockheed Martin offers a wide range of management, engineering, technical, scientific, logistics, system integration, and cybersecurity services. It caters to both US and international customers with products and services that have defense, civil, and commercial applications. Its critical infrastructure protection customers are agencies of the US government. The company operates through four business segments: aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and space, previously known as space systems. It offers products to various governments around the world to protect their critical infrastructure. The company also offers Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR) solutions, maritime security solutions, and radars and sensors for the protection of critical infrastructure. Lockheed Martin has also collaborated with Hewlett Packard Enterprise (HPE), Mercury Systems, and Supermicro to improve the security posture of enterprises and governments.
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Some of the subsidiaries of Lockheed Martin are Lockheed Martin Australia Pty Limited (Australia), Lockheed Martin UK Limited (UK), Lockheed Martin Canada Inc. (Canada), Lockheed Martin Global, Inc. (US), and Lockheed Martin Logistics Management, Inc. (US). It has approximately 572 manufacturing plants in 500 cities and 50 states in the US.
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