USD 672.34 billion
Report ID:
SQMIG45H2023 |
Region:
Global |
Published Date: July, 2001
Pages:
157
|Tables:
79
|Figures:
75
Homeland Security And Emergency Management Market size was valued at USD 672.34 billion in 2019 and is poised to grow from USD 721.29 billion in 2023 to USD 1357.61 billion by 2031, growing at a CAGR of 7.28% in the forecast period (2024-2031).
Homeland security and emergency management are terms used to describe the counterterrorism measures taken by the governments. The market is expanding as a result of elements including rising Internet of Things (IoT) usage and rising investments in homeland security and public safety. The market is expanding as a result of the surge in terrorist incidents and problems with border security. Solutions for homeland security and emergency management provide a number of advantages, including streamlined networking and communication. As a result of their ability to minimise downtime and offer affordable solutions, these solutions allow the businesses to provide residents and military personnel with increased security. Similar to this, possibilities exist for the industry as a result of the growing use of cloud-based applications, services, and upgrades to ageing infrastructure and equipment.
The prevention and control of hazards, particularly those that have catastrophic repercussions on areas, communities, or entire nations, are aided by homeland security and emergency management. The homeland security and emergency management market has experienced growth due to increased purchases of improved security systems for deterring terrorist attacks, and this trend is anticipated to continue throughout the course of the forecast period.
The development of customs and immigration services, as well as increased investments in border security, seaports, and airports, are propelling the market's expansion.
Cyber risks are rising alarmingly as a result of greater digitization. This is likely to force governments all over the world to enhance their cyber security in order to safeguard IT systems used by the public and private sectors.
US Homeland Security And Emergency Management Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 672.34 billion
Largest Segment
Simulation
Fastest Growth
Simulation
Growth Rate
7.28% CAGR
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The homeland security and emergency management market is segmented based on the system, end-use, and region. Based on the system, the market is segmented as modeling and simulation, communication system, rescue and recovery systems, intelligence and surveillance system, detection and monitoring system, weapon system, command and control.
Based on the end use, cyber security, CBRNE security, aviation security, maritime security, law enforcement and intelligence gathering, critical infrastructure security, risk and emergency services, border security. Based on region, the market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Homeland Security And Emergency Management Market Analysis by Segment
Modeling and simulation, communication systems, rescue and recovery systems, intelligence and surveillance systems, detection and monitoring systems, weapon systems, command and control, and other systems make up the market's system-based segments.
During the review period, the command and control segment is anticipated to develop at the quickest rate. Operational control centres, aircraft mission planners, and strategic mission planning systems are features offered by command and control systems. These tools aid troops in making decisions and promote teamwork. Due to the widespread usage of this system in most military systems and equipment, the detection and monitoring system sector is predicted to be the largest in 2022.
The market has been divided into segments based on end use, including border security, CBRNE security, aviation security, marine security, law enforcement and intelligence collection, security of vital infrastructure, and risk and emergency services. Due to the rising demand for surveillance and information systems by the governments of various nations and intelligence agencies, the law enforcement and information collecting sector is anticipated to see the greatest growth rate during the projected period. Additionally, organisations like FLIR Systems, Inc. provide solutions for disaster management and homeland security. Public safety personnel may obtain real-time information updates thanks to their features and capabilities, which include a video management system and a panoramic security camera. So, during the course of the projection period, this category is anticipated to increase. Whereas, the CBRNE security segment is predicted to be the largest section in 2022 due to an increase in defence spending on the design and protection of contemporary combat systems.
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According to the results of our research methodology, North America accounted for the greatest market share for emergency management and homeland security in 2022. The homeland security emergency management organisation claims that in recent years, the United States has invested in improving its naval, ground, and aerial assets.
Additionally, the expansion of the market in the United States is being fueled by the presence of important manufacturers like Northrop Grumman Corporation, Raytheon Company, and Lockheed Martin Corporation. In the case of Canada, the region's market expansion is being driven by the increased use of cutting-edge technology for battlefield management and growing demand for communication systems.
Asia-Pacific is the second-largest market and is predicted to experience rapid growth over the review period as a result of significant increases in military spending and programmes for modernising armed forces in nations like China, South Korea, and India. Additionally, the increase in international conflicts and cybercrime is promoting industry expansion. The expansion of market in Asia-Pacific is also being driven by the rising demand for cyber-security systems and solutions from small and medium-sized (SMEs) businesses in China. Long-term growth in the homeland security and emergency management sector is anticipated in the area.
Due to the presence of significant homeland security manufacturers like Thales Group and BAE Systems in this area, Europe was predicted to hold the third-largest market share in 2019. Because there are so many suppliers and distributors of military systems in the Middle East and Africa, it is also projected that this region's market would grow at a large CAGR. Similar to this, the market in the Middle East and Africa is anticipated to be driven by the region's growing expenditure in the modernisation of naval and airborne systems.
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Homeland Security And Emergency Management Market Driver
Increasing Terrorist Threats and Biohazard Warfare to Drive Homeland Security and Emergency Management Market
Homeland Security And Emergency Management Market Restraint
Slow Security Implementation and Lack of Proactive Measures to Hinder Market Expansion
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The Homeland Security and Emergency Management market is relatively fragmented, with a high level of competition. Companies are working on new product launches and other initiatives to provide better equipment to their customers and expand their companies globally. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses to increase market share and profitability.
Homeland Security And Emergency Management Market Top Players in the Global Homeland Security and Emergency Management Market
Homeland Security And Emergency Management Market Recent Developments
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 utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to the global homeland security and emergency management market report analysis, it offers a thorough overview of the industry and focuses on important factors including the top players, sources, products, and applications. The research also identifies significant advancements in the industry and provides insights into market trends and the competitive environment. The study includes a number of aspects, in addition to those already mentioned, that have assisted in the market's expansion in recent years.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 672.34 billion |
Market size value in 2031 | USD 1357.61 billion |
Growth Rate | 7.28% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
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 |
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Customization scope | Free report customization with purchase. Customization includes:-
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Historical Year | 2019 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Homeland Security And Emergency Management 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 Homeland Security And Emergency Management 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.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Homeland Security And Emergency Management Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Homeland Security And Emergency Management 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.
Homeland Security And Emergency Management Market size was valued at USD 672.34 billion in 2019 and is poised to grow from USD 721.29 billion in 2023 to USD 1357.61 billion by 2031, growing at a CAGR of 7.28% in the forecast period (2024-2031).
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Report ID: SQMIG45H2023
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