The global homeland security market garnered a market value of USD 189 Billion in 2022 and is expected to accumulate a market value of USD 300 Billion by registering a CAGR of 4.7% in the forecast period 2022 to 2032.
Increased demand for safety equipment and solutions across a variety of industries, including aviation, maritime, cyber, and border security, is expected to fuel market expansion throughout the projected period. Manufacturers invest considerably in Research and Development (R&D) activities to deliver novel goods in a highly competitive business. Harris Corporation, for example, invests its R&D funds in providing new mission-critical communications at a faster and lower cost.
border conflict and terrorist concerns are projected to fuel demand. Furthermore, rising human trafficking, drug smuggling, and illegal immigration are compelling governments throughout the world to spend heavily on homeland security measures. The fastest-growing market area is expected to be cybersecurity. This expansion may be attributable to areas such as North America and Europe, which are spending heavily on cyber defenses and, as a result, propelling the homeland security industry.
In the corporate context, advanced technologies such as cloud, social, and next-generation mobile computing are profoundly changing how firms use information technology for exchanging information and performing online commerce. Currently, more than 80% of total business transactions are conducted online, requiring high levels of security and transparency. Unmanned systems are widely employed in national safety tasks across the world. For example, as of October 2014, the United States Army and Air Force (USAF) have flown nearly three million hours of unmanned aerial systems (UAS). Recently, the United States Navy has boosted its testing of a variety of unmanned marine systems (UMS). Unmanned systems are becoming more economical, capable, and simple to operate, which is likely to propel industry expansion even further.
Data Points | Key Statistics |
---|---|
Expected Market Value (2022) | USD 189 Billion |
Anticipated Forecast Value (2032) | USD 300 Billion |
Projected Growth Rate (2022 to 2032) | 4.7% CAGR |
The global demand for Homeland Security is projected to increase at a CAGR of 4.7% during the forecast period between 2022 and 2032, reaching a total of USD 300 Billion in 2032, according to a report from Future Market Insights (FMI). From 2017 to 2021, sales witnessed significant growth, registering a CAGR of 3%.
The word homeland security refers to a country's defense against any threat to society. Governments have attempted to provide security and resilience in the face of all probable natural and man-made disasters. Terrorism, illegal weapons, cybercrime, drug trafficking, hurricanes, floods, earthquakes, tornadoes, and other natural disasters are all part of a country's homeland security. It safeguards the public by incorporating law enforcement, border security, transit security, and aviation security.
The market for homeland security is expected to grow rapidly as a result of reasons such as a rise in terrorist attacks, border disputes, illegal immigration, smuggling, human trafficking, and regular natural disasters, among others. Several companies are spending heavily on innovative goods and services to address and defend negative circumstances in nations throughout the world.
Initiatives to de-escalate Cross-Border Conflicts and Civil Wars to Accelerate Market Growth
Civil conflicts and border disputes are growing increasingly common across the world. Border conflicts between states develop for a variety of reasons, including terrorism, expansionism, control over natural resources, and so on. Civil wars are common in a country and are mostly triggered by conflicts arising from political dissatisfaction, territorial disputes between governments, and other circumstances.
Governments throughout the world are taking considerable steps to control these circumstances, and as a result, they are investing more in their country's homeland security to manage the growing number of conflicts. In 2021, the United States, for example, will spend USD 49.8 billion on homeland security. This demonstrates the country's responsibility to defend its citizens both within its borders and online.
Increased Smuggling and Trafficking to Propel Market Growth
Global, transnational criminal activity is fuelled by smuggling and trafficking. Smuggling and trafficking, which includes drug trafficking, human trafficking, and illegal immigration, is the world's fastest-growing anti-social threat. Numerous global factors, including the Asian economic crisis, ongoing conflicts in Iraq, Afghanistan, and Pakistan, and prolonged poverty in many countries, including Paraguay, Namibia, Botswana, Mozambique, and Uruguay, have all contributed to the alarming increase in immigration from these countries.
Because of the dramatic increase in occurrences of human trafficking, the market for global homeland security is expected to grow, as the goods and services on sale in the marketplace aid in detecting and fighting this danger. Airport security patrols, naval security, transit security, and the identification of smuggled nuclear material are just a few of the efforts used to handle smuggling and trafficking issues that undermine a country's national security.
The High Costs of Ensuring Homeland Security to Hinder Market Growth
Costly technology, commodities, and services provided by various homeland security agencies are expected to limit the market growth. Because of the high cost of products and services, as well as government expenditure, countries such as Asia-Pacific and the Middle East have slower adoption rates for homeland security services.
Furthermore, the installation expenses for these technologies are rather substantial. A large amount of money, people, and equipment must be set aside for homeland security resources, which adds to the cost of keeping the country safe. For example, the United States spends around USD 100 billion per year on homeland security. This involves the enforcement of federal, state, and municipal laws, as well as the provision of emergency services.
Due to the high cost of goods and services such as expensive x-ray and explosive detection equipment, high-end cybersecurity devices, high-end real-time video analytics systems, and others, the public and private sectors have lower implementation and investment in the market of high-cost security surveillance systems. This factor will restrain worldwide market growth over the forecast period.
Adoption of New Technologies in Different Security Areas to Widen Profit Margins
The Asia-Pacific region is the second-largest. Nations with large marine borders, such as India, Sri Lanka, Japan, and Bangladesh, seek improved naval security in the area. Government attempts to improve public and property safety, as well as the adoption of new technologies in different security areas such as cyber security, aviation security, and critical infrastructure security, are creating huge prospects for market expansion in the region.
As per Future Market Insights, the Asia Pacific is expected to grow at a CAGR of 4% market share for homeland security in the assessment period 2022 to 2032.
Various Military Modernization and Upgrade Initiatives to Drive Market Growth
Because of the various military modernization and upgrade initiatives happening in the area, North America is anticipated to see an increase in the use of homeland security goods and services. The increased investment by North American governments in upgrading national security against various threats is projected to promote the development of modern equipment across North America.
The presence of world-class defense equipment manufacturers in the area improves the region's contribution to the worldwide market. As per Future Market Insights, North America is expected to grow at a CAGR of 4.5% market share for homeland security in the assessment period 2022 to 2032.
Increased Government Spending fuelling sales of Homeland Security
The European homeland security market covers nations such as the United Kingdom, Germany, France, and the rest of Europe. The key factor fuelling the growth of the homeland security industry is increased government spending in the region.
The existence of large nations such as Germany, France, the United Kingdom, Russia, and others that effectively protect their internal security is likely to boost the growth of the homeland security industry. As per Future Market Insights, Europe is expected to grow at a CAGR of 3.7% market share for homeland security in the assessment period 2022 to 2032.
Public Homeland Security to be of Vital Importance in Coming Years
The market's largest contributor is public security, which is expected to increase at a CAGR of 4.3% during the projected period. Several governments and defense agencies throughout the world have adopted homeland security goods and services. Government organizations such as the International Civil Aviation Organization (ICAO), a United Nations agency, Customs and Border Protection (CBP) in the United States, the Border Security Force (BSF) in India, the Maritime Civil and Criminal Authority, the Australian Maritime Safety Authority, and many others are heavily utilizing market products and services.
Homeland Cybersecurity to take Precedence, amid growing Threat of Data Breaches
Cyber Security has the largest share of the homeland security market and is expected to grow at a CAGR of 4.6% over the projected period. Cybersecurity is critical to ensuring the protection of data that, if compromised, may disrupt the operations of enterprises all over the world.
A strong cybersecurity infrastructure safeguards all types of data against theft. The increasing severity and frequency of cyber-attacks are expected to drive growth in this category during the projected period.
Key start-up players in homeland security are from offering new and innovative product lines to consolidating their market presence, these aforementioned start-ups have left no stone unturned. Some specific instances of key homeland security start-ups are as follows:
Key players in the Homeland Security market are Raytheon Technologies, IBM, L-3 Harris Technologies, Lockheed Martin Corporation, and Northrop Grumman.
Recent Developments
Report Attribute | Details |
---|---|
Market Value in 2022 | USD 189 Billion |
Market Value in 2032 | USD 300 Billion |
Growth Rate | CAGR of 4.7% from 2022 to 2032 |
Base Year for Estimation | 2021 |
Historical Data | 2017 to 2021 |
Forecast Period | 2022 to 2032 |
Quantitative Units | Revenue in USD Billion and CAGR from 2022 to 2032 |
Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered | End User, Security Type, Region |
Regions Covered | North America; Latin America; Europe; South Asia; East Asia; Oceania; Middle East & Africa |
Key Countries Profiled | The USA, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, China, Japan, South Korea, India, Malaysia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Israel |
Key Companies Profiled | Elbit Systems Ltd.; FLIR Systems Inc.; General Dynamics Corporation; Harris Corporation; L-3 Communications Holding Inc.; Megal Security Systems Ltd.; Raytheon Company; Safran SA; Thales SA; Unisys Corporation |
Customization | Available Upon Request |
Table 1: Global Market Value (US$ million) Forecast by Region, 2017 to 2032
Table 2: Global Market Value (US$ million) Forecast by End-User, 2017 to 2032
Table 3: Global Market Value (US$ million) Forecast by Security Type, 2017 to 2032
Table 4: North America Market Value (US$ million) Forecast by Country, 2017 to 2032
Table 5: North America Market Value (US$ million) Forecast by End-User, 2017 to 2032
Table 6: North America Market Value (US$ million) Forecast by Security Type, 2017 to 2032
Table 7: Latin America Market Value (US$ million) Forecast by Country, 2017 to 2032
Table 8: Latin America Market Value (US$ million) Forecast by End-User, 2017 to 2032
Table 9: Latin America Market Value (US$ million) Forecast by Security Type, 2017 to 2032
Table 10: Europe Market Value (US$ million) Forecast by Country, 2017 to 2032
Table 11: Europe Market Value (US$ million) Forecast by End-User, 2017 to 2032
Table 12: Europe Market Value (US$ million) Forecast by Security Type, 2017 to 2032
Table 13: South Asia Market Value (US$ million) Forecast by Country, 2017 to 2032
Table 14: South Asia Market Value (US$ million) Forecast by End-User, 2017 to 2032
Table 15: South Asia Market Value (US$ million) Forecast by Security Type, 2017 to 2032
Table 16: East Asia Market Value (US$ million) Forecast by Country, 2017 to 2032
Table 17: East Asia Market Value (US$ million) Forecast by End-User, 2017 to 2032
Table 18: East Asia Market Value (US$ million) Forecast by Security Type, 2017 to 2032
Table 19: Oceania Market Value (US$ million) Forecast by Country, 2017 to 2032
Table 20: Oceania Market Value (US$ million) Forecast by End-User, 2017 to 2032
Table 21: Oceania Market Value (US$ million) Forecast by Security Type, 2017 to 2032
Table 22: MEA Market Value (US$ million) Forecast by Country, 2017 to 2032
Table 23: MEA Market Value (US$ million) Forecast by End-User, 2017 to 2032
Table 24: MEA Market Value (US$ million) Forecast by Security Type, 2017 to 2032
Figure 1: Global Market Value (US$ million) by End-User, 2022 to 2032
Figure 2: Global Market Value (US$ million) by Security Type, 2022 to 2032
Figure 3: Global Market Value (US$ million) by Region, 2022 to 2032
Figure 4: Global Market Value (US$ million) Analysis by Region, 2017 to 2032
Figure 5: Global Market Value Share (%) and BPS Analysis by Region, 2022 to 2032
Figure 6: Global Market Y-o-Y Growth (%) Projections by Region, 2022 to 2032
Figure 7: Global Market Value (US$ million) Analysis by End-User, 2017 to 2032
Figure 8: Global Market Value Share (%) and BPS Analysis by End-User, 2022 to 2032
Figure 9: Global Market Y-o-Y Growth (%) Projections by End-User, 2022 to 2032
Figure 10: Global Market Value (US$ million) Analysis by Security Type, 2017 to 2032
Figure 11: Global Market Value Share (%) and BPS Analysis by Security Type, 2022 to 2032
Figure 12: Global Market Y-o-Y Growth (%) Projections by Security Type, 2022 to 2032
Figure 13: Global Market Attractiveness by End-User, 2022 to 2032
Figure 14: Global Market Attractiveness by Security Type, 2022 to 2032
Figure 15: Global Market Attractiveness by Region, 2022 to 2032
Figure 16: North America Market Value (US$ million) by End-User, 2022 to 2032
Figure 17: North America Market Value (US$ million) by Security Type, 2022 to 2032
Figure 18: North America Market Value (US$ million) by Country, 2022 to 2032
Figure 19: North America Market Value (US$ million) Analysis by Country, 2017 to 2032
Figure 20: North America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 21: North America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 22: North America Market Value (US$ million) Analysis by End-User, 2017 to 2032
Figure 23: North America Market Value Share (%) and BPS Analysis by End-User, 2022 to 2032
Figure 24: North America Market Y-o-Y Growth (%) Projections by End-User, 2022 to 2032
Figure 25: North America Market Value (US$ million) Analysis by Security Type, 2017 to 2032
Figure 26: North America Market Value Share (%) and BPS Analysis by Security Type, 2022 to 2032
Figure 27: North America Market Y-o-Y Growth (%) Projections by Security Type, 2022 to 2032
Figure 28: North America Market Attractiveness by End-User, 2022 to 2032
Figure 29: North America Market Attractiveness by Security Type, 2022 to 2032
Figure 30: North America Market Attractiveness by Country, 2022 to 2032
Figure 31: Latin America Market Value (US$ million) by End-User, 2022 to 2032
Figure 32: Latin America Market Value (US$ million) by Security Type, 2022 to 2032
Figure 33: Latin America Market Value (US$ million) by Country, 2022 to 2032
Figure 34: Latin America Market Value (US$ million) Analysis by Country, 2017 to 2032
Figure 35: Latin America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 36: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 37: Latin America Market Value (US$ million) Analysis by End-User, 2017 to 2032
Figure 38: Latin America Market Value Share (%) and BPS Analysis by End-User, 2022 to 2032
Figure 39: Latin America Market Y-o-Y Growth (%) Projections by End-User, 2022 to 2032
Figure 40: Latin America Market Value (US$ million) Analysis by Security Type, 2017 to 2032
Figure 41: Latin America Market Value Share (%) and BPS Analysis by Security Type, 2022 to 2032
Figure 42: Latin America Market Y-o-Y Growth (%) Projections by Security Type, 2022 to 2032
Figure 43: Latin America Market Attractiveness by End-User, 2022 to 2032
Figure 44: Latin America Market Attractiveness by Security Type, 2022 to 2032
Figure 45: Latin America Market Attractiveness by Country, 2022 to 2032
Figure 46: Europe Market Value (US$ million) by End-User, 2022 to 2032
Figure 47: Europe Market Value (US$ million) by Security Type, 2022 to 2032
Figure 48: Europe Market Value (US$ million) by Country, 2022 to 2032
Figure 49: Europe Market Value (US$ million) Analysis by Country, 2017 to 2032
Figure 50: Europe Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 51: Europe Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 52: Europe Market Value (US$ million) Analysis by End-User, 2017 to 2032
Figure 53: Europe Market Value Share (%) and BPS Analysis by End-User, 2022 to 2032
Figure 54: Europe Market Y-o-Y Growth (%) Projections by End-User, 2022 to 2032
Figure 55: Europe Market Value (US$ million) Analysis by Security Type, 2017 to 2032
Figure 56: Europe Market Value Share (%) and BPS Analysis by Security Type, 2022 to 2032
Figure 57: Europe Market Y-o-Y Growth (%) Projections by Security Type, 2022 to 2032
Figure 58: Europe Market Attractiveness by End-User, 2022 to 2032
Figure 59: Europe Market Attractiveness by Security Type, 2022 to 2032
Figure 60: Europe Market Attractiveness by Country, 2022 to 2032
Figure 61: South Asia Market Value (US$ million) by End-User, 2022 to 2032
Figure 62: South Asia Market Value (US$ million) by Security Type, 2022 to 2032
Figure 63: South Asia Market Value (US$ million) by Country, 2022 to 2032
Figure 64: South Asia Market Value (US$ million) Analysis by Country, 2017 to 2032
Figure 65: South Asia Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 66: South Asia Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 67: South Asia Market Value (US$ million) Analysis by End-User, 2017 to 2032
Figure 68: South Asia Market Value Share (%) and BPS Analysis by End-User, 2022 to 2032
Figure 69: South Asia Market Y-o-Y Growth (%) Projections by End-User, 2022 to 2032
Figure 70: South Asia Market Value (US$ million) Analysis by Security Type, 2017 to 2032
Figure 71: South Asia Market Value Share (%) and BPS Analysis by Security Type, 2022 to 2032
Figure 72: South Asia Market Y-o-Y Growth (%) Projections by Security Type, 2022 to 2032
Figure 73: South Asia Market Attractiveness by End-User, 2022 to 2032
Figure 74: South Asia Market Attractiveness by Security Type, 2022 to 2032
Figure 75: South Asia Market Attractiveness by Country, 2022 to 2032
Figure 76: East Asia Market Value (US$ million) by End-User, 2022 to 2032
Figure 77: East Asia Market Value (US$ million) by Security Type, 2022 to 2032
Figure 78: East Asia Market Value (US$ million) by Country, 2022 to 2032
Figure 79: East Asia Market Value (US$ million) Analysis by Country, 2017 to 2032
Figure 80: East Asia Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 81: East Asia Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 82: East Asia Market Value (US$ million) Analysis by End-User, 2017 to 2032
Figure 83: East Asia Market Value Share (%) and BPS Analysis by End-User, 2022 to 2032
Figure 84: East Asia Market Y-o-Y Growth (%) Projections by End-User, 2022 to 2032
Figure 85: East Asia Market Value (US$ million) Analysis by Security Type, 2017 to 2032
Figure 86: East Asia Market Value Share (%) and BPS Analysis by Security Type, 2022 to 2032
Figure 87: East Asia Market Y-o-Y Growth (%) Projections by Security Type, 2022 to 2032
Figure 88: East Asia Market Attractiveness by End-User, 2022 to 2032
Figure 89: East Asia Market Attractiveness by Security Type, 2022 to 2032
Figure 90: East Asia Market Attractiveness by Country, 2022 to 2032
Figure 91: Oceania Market Value (US$ million) by End-User, 2022 to 2032
Figure 92: Oceania Market Value (US$ million) by Security Type, 2022 to 2032
Figure 93: Oceania Market Value (US$ million) by Country, 2022 to 2032
Figure 94: Oceania Market Value (US$ million) Analysis by Country, 2017 to 2032
Figure 95: Oceania Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 96: Oceania Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 97: Oceania Market Value (US$ million) Analysis by End-User, 2017 to 2032
Figure 98: Oceania Market Value Share (%) and BPS Analysis by End-User, 2022 to 2032
Figure 99: Oceania Market Y-o-Y Growth (%) Projections by End-User, 2022 to 2032
Figure 100: Oceania Market Value (US$ million) Analysis by Security Type, 2017 to 2032
Figure 101: Oceania Market Value Share (%) and BPS Analysis by Security Type, 2022 to 2032
Figure 102: Oceania Market Y-o-Y Growth (%) Projections by Security Type, 2022 to 2032
Figure 103: Oceania Market Attractiveness by End-User, 2022 to 2032
Figure 104: Oceania Market Attractiveness by Security Type, 2022 to 2032
Figure 105: Oceania Market Attractiveness by Country, 2022 to 2032
Figure 106: MEA Market Value (US$ million) by End-User, 2022 to 2032
Figure 107: MEA Market Value (US$ million) by Security Type, 2022 to 2032
Figure 108: MEA Market Value (US$ million) by Country, 2022 to 2032
Figure 109: MEA Market Value (US$ million) Analysis by Country, 2017 to 2032
Figure 110: MEA Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 111: MEA Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 112: MEA Market Value (US$ million) Analysis by End-User, 2017 to 2032
Figure 113: MEA Market Value Share (%) and BPS Analysis by End-User, 2022 to 2032
Figure 114: MEA Market Y-o-Y Growth (%) Projections by End-User, 2022 to 2032
Figure 115: MEA Market Value (US$ million) Analysis by Security Type, 2017 to 2032
Figure 116: MEA Market Value Share (%) and BPS Analysis by Security Type, 2022 to 2032
Figure 117: MEA Market Y-o-Y Growth (%) Projections by Security Type, 2022 to 2032
Figure 118: MEA Market Attractiveness by End-User, 2022 to 2032
Figure 119: MEA Market Attractiveness by Security Type, 2022 to 2032
Figure 120: MEA Market Attractiveness by Country, 2022 to 2032
FMI projects the global homeland security market to expand at a 4.7% value CAGR by 2032
The global homeland security market is estimated at a market value of USD 189 Billion by 2022
The global homeland security market is expected to garner a market value of USD 300 Billion by 2032.
As per Future Market Insights, the Asia Pacific is expected to grow at a CAGR of 6% market share for homeland security in the assessment period 2022 to 2032.
Raytheon Technologies, IBM, L-3 Harris Technologies, Lockheed Martin Corporation and Northrop Grumman are some prominent homeland security manufacturers
As per Future Market Insights, the Asia Pacific is expected to grow at a CAGR of 4% market share for homeland security in the assessment period 2022 to 2032.
As per Future Market Insights, Europe is expected to grow at a CAGR of 3.7% market share for homeland security in the assessment period 2022 to 2032.
Public security is expected to grow at a CAGR of 4.3% in the forecast period 2022 to 2032.
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