“Increasing terrorist threats and biohazard attacks to drive the homeland security and emergency management market”

The homeland security and emergency management market is projected to grow from an estimated USD 668.7 billion in 2021 to USD 904.6 billion by 2026, at a CAGR of 6.2%. The major growth drivers for this market include rising smart city initiatives that drive public safety and investments, the growing trend for IoT in homeland security, and an increase in criminal activities and terrorist attacks.

The homeland security and emergency management market includes major players Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Thales Group (France), Leonardo SPA (Italy), BAE Systems (UK), Aselsan (Turkey), Elbit Systems (Israel) and L3Harris Technologies (US). These players have spread their business across various countries includes North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

“The intelligence and surveillance systems segment of the market is projected to grow at the highest CAGR from 2021 to 2026.”

Based on component, the intelligence and surveillance systems segment is projected to grow at the highest CAGR during the forecast period. The growth in the homeland security and emergency management market is expected to drive the growth of these different components proportionately. The requirement of advanced homeland security and emergency management systems, as well as upgradation and modernization of conventional systems, will help grow the market for homeland security system components.

“Based on vertical, the homeland security segment is projected to lead the homeland security and emergency management market across the forecast period”

 Based on vertical, the homeland security segment is projected to grow at the highest CAGR during forecast period. The demand for sophisticated homeland security systems to support national security activities by relevant agencies is driving the homeland security segment growth globally.

“The North American region is estimated to account for the largest share of the homeland security and emergency management market in 2021”

The homeland security and emergency management market in the North American region is expected to witness substantial growth during the forecast period, owing to increased investments in homeland security and emergency management technologies by countries in this region. Department of homeland security of the US and Canada are involved in the development of technologically advanced homeland security and emergency management platforms such as facial recognition and thermal imaging cameras, which drives market growth. Well-established and prominent manufacturers of homeland security and emergency management systems in this region include Lockheed Martin (US), Northrop Grumman (US), L3Harris Technologies, Inc. (US), and Raytheon (US).

The break-up of the profiles of primary participants in the homeland security and emergency management market is as follows:

• By Company Type: Tier 1 – 30%; Tier 2 – 40%; and Tier 3 – 30%
• By Designation: C Level Executives – 40%; Directors – 32%; and Others – 28%
• By Region: North America – 40%; Europe – 15%; Asia Pacific – 40%, Rest of the World – 5%

Major players in the homeland security and emergency management market are Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Thales Group (France), Leonardo SPA (Italy), BAE Systems (UK), Aselsan (Turkey), Elbit Systems (Israel) and L3Harris Technologies (US).

Research Coverage

This market study covers the homeland security and emergency management market across various segments and sub segments. It aims at estimating the size and growth potential of this market across different segments based on application, platform, component, technology, waveform, range, dimension, frequency band, and region. This study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to their product and business offerings, recent developments undertaken by them, and key market strategies adopted by them.

Reasons to Buy this Report

This report is expected to help market leaders/new entrants by providing them the closest approximations of the revenue numbers for the overall homeland security and emergency management market and its segments. This study is also expected to provide region-wise information about the applications wherein homeland security and emergency management solutions are used. It also aims at helping the stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses and plan suitable go-to-market strategies. This report is also expected to help them understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities influencing the growth of the homeland security and emergency management market.

The report provides insights on the following pointers:

• Market Penetration: Comprehensive information on homeland security and emergency management products/ solutions offered by the top players in the market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the homeland security and emergency management market
• Market Development: Comprehensive information about lucrative markets – the report analyses the homeland security and emergency management market across varied regions
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the homeland security and emergency management market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in the homeland security and emergency management market