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Homeland security is
an umbrella term for safeguarding the nation against any anti-social
groups and threats by terrorist organizations. The market is chiefly
driven by various government initiatives undertaken to prevent cross
border insurgency and increasing terrorist threats around the world.
The government initiatives are boosting the market for homeland
security products. Some of the government initiatives include TECS
Mod program undertaken by the U.S., Sisfron program undertaken by
Brazil, and Project Cytoon undertaken by South Africa, among many
others. Homeland security products consist of all equipment used for
protecting threats, crime, or illegal activities worldwide.
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Homeland Security Market report at:
The report analyzes
the homeland security market on a regional, as well as a global
level, providing estimates in terms of revenue (USD Billion) from
2014 to 2020. It also covers in-depth details of the growth drivers
and restraining factors affecting the industry, and evaluates the
impact of these factors over the forecast period.
For gaining a better
approach on the homeland security market, the report is designed in
the effort to give detailed analysis of the value chain segment, and
identify significant opportunities for market growth in the near
future. Moreover, with Porter’s five forces analysis and SWOT
analysis it is easier to understand the degree of competition and
recent developments in the market for homeland security. The study
report also comprises market attractiveness analysis, where security
equipment is benchmarked based on their growth rate, market scope,
and general attractiveness.
The research report
on homeland security segments the market on the basis of geography
into Asia-Pacific (APAC), North America, Europe, and Rest of the
World (RoW). All these regional markets are estimated in terms of
revenue (USD Billion).
Overview of the
Homeland Security Market
In 2013, the global
homeland security market was valued at USD 245.72 billion, however is
expected to grow at a CAGR of 5.6% during the forecast period, 2014
to 2020 to reach a market size of USD 364.44 billion by 2020.
Homeland security
operations provide resilience in case of any threat or terrorist
attack. Against this backdrop, the market witnesses an increasing
demand for security equipment to avert sensitive national issues such
as cross border insurgency, terrorist threats, human and drug
trafficking, illegal immigration, and cyber threats, which in turn
are fuelling the growth of this market.
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Sample PDF File of Homeland Security Market at:
Apart from the fact
that the homeland security market is primarily driven by government
initiatives to prevent threats and crimes, rising incidences of drug
smuggling, illegal immigrations, and human trafficking are compelling
governments of different nations to invest considerably in
procurement of homeland security products.
On the basis of
security type, the market can be categorized into eight major
segments including maritime security, critical infrastructure
security, aviation security, cyber security, border security, mass
transit security, CBRN security, and others (C3I, public safety, and
counter terror intelligence).
The rise and risk of
terrorist attack has boosted the aviation security spending.
Similarly, the need to provide access control to critical
infrastructure and effective identification and security checking in
public and private network places has gained wide acceptance of
security products across different sectors in the world.
The cyber security
segment amongst all other segments was the largest sector accounting
for 39.31% of the global market in 2013. Owing to rising incidences
for security solutions and products to counter cyber threats, the
market is expected to grow at a CAGR of 5.8% in the forecast period.
North America and
Asia Pacific are expected to maintain its leading position in the
global market for homeland security. Asia-Pacific owing to its heavy
investments in military technologies by emerging countries such as
India and China are likely to remain as the top industry participants
catering maximum growth to this sector. Europe and other countries in
RoW such as, UAE, Brazil, and Turkey have shown a rapid inclining
growth for homeland security products for averting terrorist threats.
Companies
Mentioned in the report
Some of the key
market players profiled in the research report are on the basis of
financial overview, company overview, business strategies, and SWOT
analysis in the field of homeland security. These major market
participants include Magal Security Systems Ltd., Raytheon Company,
Finmeccanica S.p.A, FLIR Systems, Inc., Elbit Systems Ltd., L-3
Communications Holdings, Inc., Safran S.A., General Dynamics
Corporation, Harris Corporation, Thales Group, Unisys Corporation,
and OSI Systems, Inc. among others.
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Press Release of Homeland Security Market at:
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