ID: MRFR/A&D/8160-HCR | February 2023 | Region: Global | 174 Pages
Homeland Security and Emergency Management Market is projected to reach USD 1,181.6 Billion and register a CAGR of 5.8% between 2020 and 2030.
$USD 1,181.6 Billion
5.8%
North America
2020-2030
Homeland Security and Emergency Management Market Size Anticipated to reach USD 1,181.6 Billion and Grow at a CAGR 5.8% By 2020- 2030.
Homeland security and emergency management agencies are involved in keeping the homeland safe, secure, and resilient against terrorism and other hazards such as riots and natural disasters. It also reduces the vulnerability of the country to terrorism and minimizes the damage from attacks that occur. Terrorism is one of the most dangerous threats globally. As a result, the demand for advanced security systems is increasing by homeland security and emergency management agencies.
Market Synopsis
Global Homeland Security and Emergency Management Industry has witnessed high growth in recent years owing to the increasing need for enhanced situational awareness, increasing investments in homeland security systems, and increasing terrorist attack and border trespassing. However, the high initial investments and vulnerability to cyberattacks are expected to restrain the market growth to some extent.
Market USP
Increasing need to upgrade homeland security systems
Market Drivers
Market Restraints
Segmentation
By Solution
By End-Use
Security: The segment dominated the homeland security and emergency management market in 2019. The rising number of terrorist attacks in public spaces across the globe has led to a need to enhance security and protect the civilian population. The governments of various countries are, therefore, investing in advanced security systems.
Critical Infrastructure: The segment is expected to register the highest CAGR during the forecast period. Critical infrastructure includes utilities and industrial and commercial facilities. The demand for advanced security systems to protect these infrastructures is driving the growth of this segment.
By Region
Key Players
Other Prominent Players
Report Attribute/Metric | Details |
---|---|
Market Size | USD 1,181.6 Billion (2030) |
CAGR | 5.8% (2020-2030) |
Base Year | 2020 |
Forecast Period | 2030 |
Historical Data | 2019 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Installation Base, Component, Platform, Application |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Lockheed Martin Corporation (US), Raytheon Company (US), Northrop Grumman Corporation (US),Thales Group (France), Leidos (US), IBM (US), FLIR Systems (US), BAE Systems PLC (UK), General Dynamics Corporation (US), Elbit Systems Ltd (Israel) |
Key Market Opportunities | High initial investments |
Key Market Drivers |
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Homeland Security and Emergency Management Market can expect to gain a CAGR of 5.8% By 2030
Lockheed Martin Corporation (US),Raytheon Company (US),Northrop Grumman Corporation (US),Thales Group (France),Leidos (US),IBM (US),FLIR Systems (US),BAE Systems PLC (UK),General Dynamics Corporation (US),Elbit Systems Ltd (Israel)
The key influencing factors in the global Homeland Security and Emergency Management Market are increasing need for enhanced situational awareness, increasing investments in homeland security systems, and increasing terrorist attack and border trespassing.
The main types considered in the Homeland Security and Emergency Management Market report are service and systems.
The rising use of cutting edge systems for intelligence gathering with regard to drug trafficking as well as rebel groups, control of illegal migration and deforestation monitoring has made Latin America a thriving Homeland Security and Emergency Management Market.