Market Overview
Homeland security refers to countermeasures undertaken by the government of specified countries to curb terrorist attacks. Factors such as the increasing number of terrorist attacks and cyber-crimes are propelling the market growth. Furthermore, activities undertaken by various governments for the upgrade of outdated infrastructure and equipment is also boosting the market growth. is also propelling the market growth. Homeland security solutions offer features such as biometrics, data analytics, and intelligence and linguistic services that assist officials in offering enhanced safety and security to the citizens. These features enable officers in receiving real-time information about potential threats and keep track of suspicious activities and people.
On the basis of system, the global homeland security market has been segmented into weapon system, communication system, access control system, platforms, intelligence and surveillance system, detection and monitoring system, modeling and simulation, command and control system, countermeasure system, rescue and recovery system, and others. The command and control segment is expected to account for the largest market share during the forecast period from 2018 to 2023. Features offered by command and control systems include operational control centers, aircraft mission planners, and strategic mission planning systems, which assist military commanders in decision making, support collaborative working. Therefore, the market is expected to grow significantly over the forecast period.
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Competitive Landscape
The key players in the global homeland security market are Lockheed Martin Corporation (US), Honeywell International Inc. (US), Raytheon Company (US), Northrop Grumman Corporation (US), Thales Group (France), IBM (US), FLIR Systems, Inc. (US), BAE Systems (UK), General Dynamics Corporation (US), Unisys (US), Elbit Systems Ltd. (Israel), Harris Corporation (US), CACI International Inc (US), Boeing (US), and Leidos (US)
Market Segmentation
On the basis of system, the global homeland security market has been segmented into weapon system, communication system, access control system, platforms, intelligence and surveillance system, detection and monitoring system, modeling and simulation, command and control system, countermeasure system, rescue and recovery system, and others. The command and control segment is expected to account for the largest market share during the forecast period from 2018 to 2023. Features offered by command and control systems include operational control centers, aircraft mission planners, and strategic mission planning systems, which assist military commanders in decision making, support collaborative working. Therefore, the market is expected to grow significantly over the forecast period.
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Regional Analysis
Based on region, the global homeland security market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As per the report, Asia-Pacific held the largest market share and is expected to witness the highest growth over the forecast period. Factors such as increasing defense expenditures of developing economies such as China and India are boosting the market growth. Furthermore, the increasing cross-border conflicts and cybercrime is also fueling market growth. The growing demand for cybersecurity solutions from small and medium-sized (SMEs) enterprises in China is also driving the market growth in Asia-Pacific. Additionally, increased adoption of homeland security solutions by the government of countries such as India is also driving the market growth in the region.
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