USD 0.57 trillion
Global Homeland Security Market Size, Share, Growth Analysis, By Type(Border security, aviation security), By Technology(Recognition and surveillance systems, AI-based solutions), By End-User(Public sector and private sector) - Industry Forecast 2024-2031
Report ID:
SQMIG45J2122 |
Region:
Global |
Published Date: April, 2024
Pages:
197
|
Tables:
101 |
Figures:
80
Global Homeland Security Market Insights
Global Homeland Security Market size was valued at USD 0.57 trillion in 2022 and is expected to grow from USD 0.62 trillion in 2023 to USD 1.24 trillion by 2031, at a CAGR of 9.00% during the forecast period (2024-2031).
The primary driver fueling the growth of the homeland security market is the rise in cyberattack threats against the information and technology industries and recent significant damages. In addition, it is anticipated that increasing instances of terrorist attacks, border conflicts, illegal immigration, smuggling, human trafficking, and the occurrence of multiple natural disasters would propel the expansion of the homeland security market. Demand is anticipated to increase as a result of terrorist threats and a number of government attempts to contain growing cross-border insurgency. Additionally, rising drug trafficking, human trafficking, and illegal immigration are pressuring governments in numerous nations to make significant investments in the acquisition of homeland security systems.
Moreover, growing concerns about public safety, particularly in urban areas, have led to increased investments in technologies and solutions that enhance situational awareness, emergency response, and disaster management. This drives the demand for homeland security solutions. Also, facilitating safe international trade and travel is crucial for economic growth. Governments invest in security measures at airports, seaports, and border checkpoints to ensure the safety and efficiency of trade and travel, driving the growth of the market.
US Homeland Security Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Public Sector
Fastest Growth
Private sector
Growth Rate
9.00% CAGR
Global Homeland Security Market ($ Bn)
Country Share for Asia Pacific Region (%)
Global Homeland Security Market By End-User ($ Bn)
Global Homeland Security Market By End-User (%)
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Global Homeland Security Market Segmental Analysis
The global homeland security market is segmented on the basis of type, end-user, technology, and region. By type, the market is segmented into border security, aviation security, maritime security, critical infrastructure security, cyber security, mass transport security, law enforcement, CBRN (chemical, biological, radiological, and nuclear) security, and others (first responders, counter-terror intelligence, c3i, pipeline security). By end-user, the market is segmented into public sector and private sector. By technology, the market is segmented into recognition and surveillance systems, AI-based solutions, security platforms, and others (CBRN solutions and communication platforms). By Region, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.
Homeland Security Market Analysis by Type
The border security segment dominated the global Homeland Security market. This is due to the increasing prevalence of unlawful cross-country smuggling of commodities that are outlawed in many countries around the world, which has increased border security.
The cybersecurity segment is the fastest-growing segment in global Homeland Security market. The development of several cyber security programs by international organizations for continuously lowering the risk placed on aviation systems by cyber-attacks is responsible for the anticipated large expansion of the aviation security segment in the near future. Industry pioneers and international groups are working together to create innovative programs and solutions.
Homeland Security Market Analysis by End-User
The Public Sector dominated the global Homeland Security market. Government organizations and the defense departments of many nations are predicted to adopt more homeland security goods and services, which will lead to the public sector dominating the global market. The technologies, goods, and services utilized by the public sector to safeguard people and property include antivirus software, naval systems, fighter jets, and surveillance and security equipment.
The private sector is the fastest-growing segment of the global Homeland Security market. This is due to the expanding use of a variety of homeland security products by several private companies, including the use of maritime security services by private shipping companies and security systems for oil and gas pipeline production by the oil and gas industry to ward off damage, theft, and terrorist attacks.
Global Homeland Security Market Size By End-User 2021(%), 2023 (%)
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Global Homeland Security Market Regional Insights
North America dominated global homeland security market. As a result of the numerous military modernization and improvement programs planned in the region, North America is among the regions expected to experience significant growth. Additionally, it is anticipated that increased investments by the nations in this region to strengthen national security against a variety of threats will encourage the development of advanced instruments in the region.
Asia-Pacific is the fastest-growing region in the global Homeland Security market. This is brought on by an increase in the rate of police force modernization, an increase in yearly budgetary spending on homeland security, and a rise in the number of terrorist incidents in the area. Better maritime security is becoming more and more in demand throughout the area from nations like Japan, Sri Lanka, India, and Bangladesh. Additionally, regional governments' efforts to improve public and property safety are anticipated to support the expansion of the worldwide homeland security market in the Asia Pacific region in the foreseeable future.
Global Homeland Security Market By Region, 2024-2031
- Largest
- Fastest
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Global Homeland Security Market Dynamics
Homeland Security Market Drivers
Increasing government efforts to preserve the country from civil wars and cross-border conflicts
- Cross-border conflicts and civil wars are on the rise across the world. Nation-to-nation border disputes are a result of expansionism, terrorism, and the ownership of natural resources, among other factors. While political discontent and territorial disputes are the main causes of civil wars. Several governments are taking major measures to contain these disputes, and as a result, they are investing significantly in the nation's homeland security.
Increasing instances of smuggling and trafficking around the world to propel the market
- In addition to other factors, trafficking, and smuggling are contributing to an increase in criminal activity worldwide. Smuggling and trafficking include illegal human immigration, human smuggling, and drug trafficking, which is the global anti-social menace that is expanding at the quickest rate. This is a result of a number of global issues, including the ongoing economic crises in countries like Afghanistan, Pakistan, and Iraq and the protracted poverty in countries like Botswana, Namibia, Mozambique, Paraguay, and Uruguay.
Homeland Security Market Restraints
Action plans for disaster management are given little priority
- A state, a neighborhood, or a country's political climate can be profoundly impacted by man-made or natural disasters and their effects. Following a disaster, participation, and coordination at all levels of government are required to establish broad priorities as well as recovery-related goals. Though there is a slow response to operations due to the involvement of various politicians, which further delays the implementation of incident management technologies. Therefore, during the course of the forecast period, this factor is anticipated to restrain the expansion of the worldwide homeland security market.
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Global Homeland Security Market Competitive Landscape
The market for homeland security on a worldwide scale is very competitive. This is related to the continual R&D activities and launches of new technologies by value chain participants. Additionally, major businesses are implementing a variety of corporate expansion methods in order to increase their footprint on a regional and international scale.
Homeland Security Market Top Player’s Company Profiles
- Lockheed Martin Corporation (US)
- Raytheon Company (US)
- Northrop Grumman Corporation (US)
- Thales Group (France)
- IBM (US)
- FLIR Systems, Inc. (US)
- BAE Systems (UK)
- General Dynamics Information Technology, Inc. (US)
- Unisys (US)
- Elbit Systems Ltd. (Israel)
- SAIC (US)
- Harris Corporation (US)
- Boeing (US)
- Leido (US)
- CACI International Inc. (USA)
- Ernst & Young Global Limited (UK)
- IBM Corporation (US)
- Accenture (Ireland)
- Atos SE (France)
- Deloitte Touche Tohmatsu Limited (UK)
- KPMG International Cooperative (Netherlands)
- PwC (UK)
- Booz Allen Hamilton Inc. (US)
- Honeywell International Inc. (US)
Homeland Security Market Recent Developments
- In March 2024, Symmetry Systems, a company specializing in modern data and AI security solutions, unveiled its latest product line, Symmetry for Enterprise Gen AI. This new line incorporates an advanced Gen AI inventory feature, designed to facilitate the secure adoption of Gen AI technologies, specifically Microsoft Copilot, within contemporary organizations. With this product line, organizations can effectively prepare their data infrastructure to be securely indexed by AI agents like Copilot.
- In March 2024, The Homeland Security Dialogue between India and the US has strengthened the strategic alliance between the two countries. The discussions covered a range of critical issues, including counternarcotics efforts, customs collaboration, counterterrorism measures, cybercrime prevention, and managing irregular migration, as stated by the US Homeland Security.
- In February 2024, Johnson Controls, a worldwide leader in smart, healthy, and sustainable building solutions, introduced the Illustra Standard Gen3 series, featuring state-of-the-art security cameras developed and mainly produced in India. The company's goal is to eventually manufacture all of its security products in India, aligning with the Government's Make in India initiative.
Global Homeland Security Key Market Trends
- Social networking's widespread use and the development of information technology offer countless advantages in both the home and workplace. However, these benefits might also cause issues with various cyber exploitation concerns. Across national and international boundaries, Advances in Cyber Security brings together the expertise of cyber security specialists from academia, government, and industry to provide ways and means that protect and preserve the cyberspace ecosystem.
- Few federally funded technologies, such as Path Scan, an intrusion detection system that stops cyberattacks by spotting unusual network activity, and MLSTONES, malware based on biology and event analysis forensic tools that tag and sequence events in search of similarities, are in higher demand.
- Virtual dispersive networking, which is far more sophisticated than the unconventional military radio spread-spectrum security measures, is another distinctive approach to cyber security. These dispersive methods separately encrypt each component’s communication and route them via various protocols using separate pathways. Key market players in the homeland security sector are relentlessly concentrating on lowering the price of cutting-edge next-generation technologies and solutions, like sensor technology, to meet changing customer needs. Industry suppliers make significant R&D investments to provide effective, scalable systems that provide real-time instrumentation and analytics over networks. Deep intelligence and high-fidelity visibility about networked systems, their weaknesses, and necessary knowledge of security are all part of it.
Global Homeland Security Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Homeland Security market analyses, the market growth is driven by increased government spending on Homeland Security, rising threats of terrorism, and cyber-attacks, and growing demand for advanced security solutions to protect critical infrastructure. However, the market faces challenges such as high installation costs of security systems, privacy concerns, and the lack of skilled professionals.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 0.57 trillion |
| Market size value in 2031 | USD 1.24 trillion |
| Growth Rate | 9.00% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Trillion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Homeland Security Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Homeland Security Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Homeland Security Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Homeland Security Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Homeland Security Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Homeland Security Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Homeland Security Market Report Snapshots
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