Growth in Homeland Security market due to increasing demand for better facilities, cost effectiveness of Defense and Security Industry

Albany, NY, 17 JAN : Homeland security is a collective term for a wide variety of initiatives and plans undertaken by government bodies to protect their country from threats. The umbrella term of homeland security covers diverse agencies such as aviation, marine, mass transit, etc. that can be targeted by terrorists and other illicit and dangerous activities such as human trafficking. Due to its crucial nature to a nation’s safety and integrity, homeland security is among the highest priorities for any government.The global homeland security market is rising steadily owing to the high threat of terrorism in various parts of the world. Growing human trafficking and consequent demand for stricter border patrol has also aided the global homeland security market. Drug trafficking is also a serious concern for many countries around the world and also necessitates tough homeland security measures.

The homeland security products include all the equipments which are used for safeguarding the nation against any threats by terrorist organizations and other anti-social groups. These products also provide resilience and recovery options in case of any unforeseen attacks. The threats against the homeland may include cyber espionage, chemical, biological, radiological, and nuclear (CBRN) threats, cross border insurgency, drug and human trafficking, piracy, and separatist movements among others. The initiatives undertaken by various governments across the world are driving the market for homeland security products. Some of these government initiatives include Sisfron program undertaken by Brazil, TECS Mod program undertaken by the U.S., and Project Cytoon undertaken by South Africa among others.

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This market research study analyzes the homeland security market on a global level and provides estimates in terms of revenue (USD Billion) from 2014 to 2020. It recognizes the drivers and restraints affecting the industry and analyzes their impact over the forecasted period. Moreover, it identifies the significant opportunities for market growth in the years to come.

The report segments the market on the basis of geography into North America, Asia Pacific (APAC), Europe, and Rest of the World (RoW) and all these regional markets are estimated in terms of revenue (USD Billion). In addition, the report segments the market based on security type which includes aviation security, maritime security, border security, critical infrastructure security, cyber security, CBRN security, mass transit security, and others (C3I, public safety, and counter terror intelligence). All these segments have also been estimated on the basis of geography in terms of revenue (USD billion).

For better understanding of the homeland security market, we have given a detailed analysis of the value chain. Moreover, a detailed Porter’s five forces analysis has been given for a better understanding of the intensity of competition present in the market. Furthermore, the study comprises of a market attractiveness analysis, where the equipment are benchmarked based on their market scope, growth rate and general attractiveness.

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The report provides company market share analysis of the various industry participants. Key players have also been profiled on the basis of company overview, financial overview, business strategies, SWOT analysis, and recent developments in the field of homeland security. Major market participants profiled in this report include Elbit Systems Ltd., Finmeccanica S.p.A, FLIR Systems, Inc., General Dynamics Corporation, Harris Corporation, L-3 Communications Holdings, Inc., Safran S.A., Thales Group, Magal Security Systems Ltd., Raytheon Company, Unisys Corporation, and OSI Systems, Inc. among others.

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This release was published on openPR.