Global Homeland Security and Emergency Management Market Outlook to 2028 - Rising Homeland Security and Emergency Investment to Benefit North America and Asia Pacific - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Homeland Security and Emergency Management Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.

The Global Homeland Security and Emergency Management Market was valued at USD 623.1 billion in 2020 and is expected to reach USD 846.5 billion by the end of the year 2028, at a rate of 6.3%.

The increasing purchase of enhanced security structures for intercepting the risk of terrorist assaults is emerging as a growth generating component for the homeland safety and emergency management market, and this trend is predicted to continue over the forecast length.

The growing investments in the security of airports, seaports, and borders, as well as the development of customs and immigration services, are stimulating the increase in the market. Cyber threats are developing at a fast pace with growing digitalization. This is anticipated to compel the countries round the arena to reinforce their cyber protection to defend their IT infrastructure of government and private businesses.

Robust demand due to increasing number of terrorist attacks worldwide

Recently, there has been a remarkable increase in terrorist attacks all over the world using CBRNe agents to carry out these attacks. This increasing number of attacks has compelled the reinforcement of security at the airport and seaport, resulting in the use of better scanning and screening devices.

This will behave as a major growth-stimulating factor during the forecast period. Currently, in April 2019, Smiths Detection got an order to upgrade the ECAC Standard 3 explosives detection systems (EDS) at Linate and Malpensa Airports in Milan. Installation and delivery of at least 13 HI-SCAN 10080 XCT scanners were mentioned in the contract.

Tensions in the South China Sea, as well as disputes between the US and China, have increased the need for coastal inspection in the Asia-Pacific region. The consolidation of advanced technology for detection and protection against terrorists with the help of law enforcement and intelligence gathering agencies is expected to improve the safety of countries during the forecast duration.

System segment to make crucial contribution for the growth of Global Homeland Security and Emergency Management Market

The system segment is forecasted to make a higher contribution to the increase in the growth of the homeland security market in comparison with the services segment. All over the world, terrorism and risks are increasing; hence, the chances of this market increasing.

Governments all over the world are taking higher precautionary measures for security by installing top-class security systems in all important areas such as airports, public transport, and universities. The intelligence system, part of the system segment, is contributing much to the market as it is very helpful to track and uncover this kind of terrorist for the safety of the state.

Other segments based on vertical are Homeland Security and Emergency Management. Based on the solution are Systems and Services, and based on installation type are new installation and up-gradation.

Rising Homeland Security and Emergency Investment to Benefit North America and Asia Pacific

The homeland safety and emergency control market are anticipated to show high growth in the region of Asia-Pacific in the near future. Rising terrorism, geopolitical conflicts, moves and protests, chemical assaults, and natural disasters have forced primary hometown protection and emergency management solution companies in the vicinity to increase their efficient homeland protection and emergency control systems.

The homeland protection spending of China, Japan, and India has been growing in recent years due to the improved possibilities of being focused on by means of assaults. The Asia-Pacific region has also been experiencing a spate of terrorist assaults and cyber-attacks that have caused substantial damage to the location.

Key Players to Focus on in the Expanding Applications of Homeland Security and Emergency Management

Many market players are determined to originate and evolve homeland security systems with revolutionary features for performing effective ISR missions and border protection and security.

Lockheed Martin (US). The U.S. Department of Homeland Security (DHS) has given a contract to Lockheed Martin for its recent Tactical Communications (TACCOM) program to work with this program in future competitions. Lockheed Martin is a globally recognized security company, has a huge number of employees, and is very much known for its research and developmental work in advanced technology systems and services. Its net sales were estimated to be $46.5 billion in 2011.

Raytheon Company (US)The U.S. Department of Homeland Security (DHS) has considered Raytheon Company the one on the front foot to work for its Network Security Deployment (NSD) Division. NSD is considered the platform that helps many foundations have a threat-free system. It is very useful for the nation's cyber security protection system.

Company Profiles

• Northrop Grumman
• Raytheon Company
• Leidos
• Thales Group
• IBM
• FLIR Systems
• Unisys
• General Dynamics
• Elbit Systems
• Lockheed Martin

Scope of the report

End User:

• Cyber Security
• Aviation Security
• Maritime Security
• Law Enforcement and Intelligence Gathering
• Critical Infrastructure Security
• Risk and Emergency Services
• Border Security
• CBRNE Security

Solution

• Systems
• Intelligence and Surveillance System
• Detection and Monitoring System
• Weapon System
• Access Control System
• Modeling and Simulation
• Communication System
• Platform
• Rescue and Recovery System
• Command and Control System
• Countermeasure System
• Others (Countermeasures and Systems for Training and Simulation)
• Services

Managed Services

• Managed Security Services
• Managed Network Services
• Professional Services
• Design and Consulting
• Installation and Integration
• Support and Maintenance
• Training and Education

Installation Type:

• New Installation
• Up-gradation

Region

• North America
• Europe
• Asia Pacific
• LAMEA

For more information about this report visit https://www.researchandmarkets.com/r/egyn3h