Global Homeland Security Market 2015-2019
About Homeland Security
Homeland security systems in a country helps to avoid any kind of terrorist attacks on the country and provides security against severe attacks and threats. Terrorist attacks, illegal arms, illegal immigration, and drug trafficking have increased which has in turn increased the demand for explosive detection systems, body screening systems, and baggage screening systems. There is a need for nations to invest billions of dollars in security systems to upgrade and improve the safety and security of the country. Some of the major concerns for a nation are terrorism, criminal cross-border activities, and internal security coordination. Therefore, there is a great need for identification and security checking systems to provide safety and control to critical infrastructure and people of the nation. The increased number of terrorist attacks and the growing need for information security are some of the major reasons for the increased safety and security expenditure in the country.
TechNavio's analysts forecast the Global Homeland Security market will grow at a CAGR of 9.86 percent over the period 2014-2019.
Covered in this Report
The report covers the present scenario and the growth prospects of the Global Homeland Security market for the period 2015-2019. To calculate the market size, the report considers the revenue generated from the following segments of the Homeland Security market:
TechNavio Announces the Publication of its Research Report – Global Homeland Security Market 2015-2019
TechNavio recognizes the following companies as the key players in the Global Homeland Security Market: BAE Systems Inc., General Dynamics Corp., Lockheed Martin Corp., Northrop Grumman Corp. and Raytheon Co
Other Prominent Vendors in the market are: Accenture, AeroVironment, Boeing, Booz Allen Hamilton, Bruker, DRS Technologies, Elbit Systems, General Atomics Aeronautical Systems, GE Aviation, IBM, L-3 Communications, Safran, Textron Marine and Land Systems, Thales Group and Unisys.
Commenting on the report, an analyst from TechNavio’s team said: “An increased focus on public safety and security is one major trend in this market. With the rise in terrorist attacks, the need for public safety and security is becoming a prime concern globally. Homeland security systems are required to detect weapons, bombs, or any other machine that could harm a person or a place. Therefore, the growing need for public safety and security is accelerating the growth of the Global Homeland Security market.”
According to the report, one of the major drivers of the market is the need for a quick response to catastrophic attacks. With an increase in terrorism, law enforcement agents are expected to look proactively for a suspect, act quickly to rescue victims in case of an attack, and take precautionary safety measures.
Further, the report states that one major challenge in the market is discrepancies in government regulations. Increasing disparities in government regulations in overseeing and testing new technologies is directly affecting the growth of the Global Homeland Security market.
BAE Systems , General Dynamics , Lockheed Martin , Northrop Grumman , Raytheon , Accenture, AeroVironment, Boeing, Booz Allen Hamilton, Bruker, DRS Technologies, Elbit Systems, General Atomics Aeronautical Systems, General Electric Aviation, IBM, L-3 Communications,Safran, Textron Marine and Land Systems, Thales, Unisys