The global homeland security market size is expected to reach USD 452.46 billion by 2024 according to a new report by Grand View Research, Inc. Technological advances in homeland security across the globe are expected to drive the market over the forecast period. Asia Pacific is anticipated to witness considerable growth owing to the advancements across emerging economies such as China and India. Currently, police modernization along with tackling terrorism is the largest growing segment in India with the increasing annual spending.
Manufacturers
in the homeland security market are increasingly adopting mergers &
acquisitions as a part of their growth strategy. For example, in 2015, Harris
Corporation acquired Exelis Inc., which brings a strong portfolio of
complementary technologies. The acquisition also significantly enhances the
company’s position as one of the primary providers of mission-critical
solutions while expanding channels and product offerings to the growing
customer base.
The
Homeland Security Advanced Research Projects Agency (HSARPA), established by
the Homeland Security Act of 2002, supports fundamental research to create
revolutionary changes in new capabilities, technologies, and risk & threat
assessments for the Homeland Security Enterprise (HSE). It uses modernization
and innovation for scientific progress and produces front-line products. These
products support DHS components such as the U.S. Secret Service, U.S. Customs
and Borders Protection, the U. S. Coast Guard, and the Transportation Security
Administration.
Full Research Report On Homeland Security Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/homeland-security-market
Homeland Security
Market Report Highlights
- Cyber security is
anticipated to grow at a CAGR of over 5.5% from 2016 to 2024, owing to the
increasing number of cyber crimes and rising privacy concerns. Cyberspace
and its essential infrastructure are vulnerable to a wide range of risk
increasing from both physical and cyber threats & hazards.
- The maritime segment
accounted for over 8% of the overall revenue share in 2015, which is
expected to grow over the forecast period. It has become critical due to
the rising number of maritime threats, sabotage, piracy, and unlawful
acts. During recent years, maritime terrorism has drawn considerable
attention in the marine sector. Incidents of maritime terrorism are very
few as compared to piracy. However, it attracts more media attention due
to the involvement of greater loss of life, property, and consequential
economic losses.
- The aviation segment is
expected to witness substantial growth at CAGR of nearly 5% over the
period of 2015 to 2024. Airport safety has undergone enormous
transformations after terrorist activities across the globe. Also, it has
endured significant improvements regarding protection. Several airports
such as ODG (Paris), Munich, Chhatrapati Shivaji Airport (India) and
Narita (Tokyo) are examples of the change in airport protection
technologies.
- Stringent government
guidelines worldwide are expected to regulate the global homeland security
market over the future. North America dominated the industry contributing
to over 25% of the global revenue in 2015. The presence of several
prominent homeland safety solutions manufacturers in the region is
expected to generate high demand over the forecast period.
- Key industry participants
include FLIR Systems Inc., Elbit Systems Ltd., General Dynamics
Corporation, L-3 Communications Holding Inc., Harris Corporation, Megal
Security Systems Ltd., Safran SA, Raytheon Company, Thales SA and Unisys
Corporation. Manufacturers are steadily adopting innovative production
techniques to gain a competitive advantage over others.
Request a Sample Copy of the Report @
https://www.grandviewresearch.com/industry-analysis/homeland-security-market/request/rs1
Homeland Security
Market Segmentation
Grand View Research has segmented
the global homeland security market on the basis of application, type, and
region:
Homeland Security
Type Outlook (Revenue, USD Billion, 2015 - 2024)
- Aviation security
- Maritime security
- Border security
- Critical infrastructure
security
- Cybersecurity
- CBRN security
- Mass transit security
- Others
Homeland Security
Regional Outlook (USD Billion, 2015 - 2024)
- North America
- Europe
- Asia Pacific
- RoW
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
No comments:
Post a Comment