Counter Terror and Public Safety Technology

Counter Terror and Public Safety Technology

Global Counter Terror and Public Safety Technology Market to Reach $313.8 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Counter Terror and Public Safety Technology estimated at US$127.9 Billion in the year 2020, is projected to reach a revised size of US$313.8 Billion by 2027, growing at a CAGR of 13.7% over the analysis period 2020-2027. Cyber security, one of the segments analyzed in the report, is projected to record a 10.6% CAGR and reach US$24.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Electronic Fencing segment is readjusted to a revised 12.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $37.8 Billion, While China is Forecast to Grow at 13% CAGR

The Counter Terror and Public Safety Technology market in the U.S. is estimated at US$37.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$54 Billion by the year 2027 trailing a CAGR of 13% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.3% and 11.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 9.7% CAGR.

Intelligence Services Segment to Record 16.4% CAGR

In the global Intelligence Services segment, USA, Canada, Japan, China and Europe will drive the 16.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$33 Billion in the year 2020 will reach a projected size of US$94.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 41 Featured) -

• 3xLOGIC, Inc.
• ABB Ltd.
• Accenture PLC
• ACTi Corporation
• AeroVironment, Inc.
• Airbus Group SE
• AT&T, Inc.
• Avigilon Corporation
• The ADT Corporation

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