Homeland Security market to top $868 billion by 2030

San Francisco, Ca (USA)

Technological advances across the globe are expected to drive the Homeland Security market to 2030, and analysts at Grand View Research expect this market to reach USD 868.65 billion by 2030 , registering a CAGR of 5.8% from 2023 to 2030.

Asia Pacific is anticipated to witness considerable growth owing to the advancements across emerging economies such as China and India. Currently, police modernization along with tackling terrorism is the largest growing segment in India with the increasing annual spending.

Manufacturers in the homeland security market are increasingly adopting mergers & acquisitions as a part of their growth strategy. For example, in 2015, Harris Corporation acquired Exelis Inc., which brings a strong portfolio of complementary technologies. The acquisition also significantly enhances the company’s position as one of the primary providers of mission-critical solutions while expanding channels and product offerings to the growing customer base.

The Homeland Security Advanced Research Projects Agency (HSARPA), established by the Homeland Security Act of 2002, supports fundamental research to create revolutionary changes in new capabilities, technologies, and risk & threat assessments for the Homeland Security Enterprise (HSE). The research found that it uses modernisation and innovation for scientific progress and produces front-line products. These products support DHS components such as the U.S. Secret Service, U.S. Customs and Borders Protection, the U. S. Coast Guard, and the Transportation Security Administration.

Maritime threats and piracy

The critical infrastructure security segment accounted for the largest revenue share of 25.7% in 2022, and the maritime segment accounted for over 7.0% of the overall revenue share in 2022, which is expected to grow over the forecast period. It has become critical due to the rising number of maritime threats, sabotage, piracy, and unlawful acts. During recent years, maritime terrorism has drawn considerable attention in the marine sector. Incidents of maritime terrorism are very few as compared to piracy. However, it attracts more media attention due to the involvement of greater loss of life, property, and consequential economic losses.

Stringent guidelines

Stringent government guidelines worldwide are expected to regulate the global homeland security market over the future. North America dominated the industry contributing to over 30.4% of the global revenue in 2022. The presence of several prominent homeland safety solutions manufacturers in the region is expected to generate high demand over the forecast period.

Key players

Some of the key players discussed in the report include companies such as,  Elbit Systems Ltd, Teledyne Flir LLC, General Dynamics Corporation, L3Harris Technologies, Inc., L-3 Communications Holding, Inc., Magal Security Systems Ltd, Raytheon Technologies Corporation, Safran, Thales and Unisys.


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