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The global homeland security and emergency management market size was valued at USD 549.40 billion in 2019 and is projected to reach USD 777.00 billion by 2027, exhibiting a CAGR of 4.43% during the forecast period.
Homeland security and emergency management refer to the initiatives carried out by the government of certain countries against terror attacks and nuclear hazards. Factors such as the growing use of Internet of things (IoT) and increasing investments in public safety in homeland security are driving the market growth.
Furthermore, arise in the number of terrorist attacks and border security issues are propelling the growth of the market. homeland security and emergency management solutions provide several benefits such as seamless connectivity and communication. These solutions enable the companies to offer enhanced security to citizens and military personnel, as these solutions reduce downtime and provide cost-effective solutions. Similarly, the increasing adoption of cloud-based applications, services, and up-gradation of outdated equipment and infrastructure are opportunities for the market.
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Big Data Continues to Fuel Machine Learning and AI
Big data refers to a large volume of data, both structured and unstructured, that cannot be stored directly in a database with proper data processing. Big data analytics utilizes several data mining related to homeland security data, for instance, text mining and predictive modeling. They help homeland security and emergency service providers to extract real-time activities and support decision making in strategies. Companies such as IBM and Hewlett Packard Enterprise store large amounts of data consisting of customer details, government, and defense data in their databases. With the help of big data analytics, homeland security and emergency management data can be first sorted, mined, processed, and then stored as per the requirement. This helps to improve the overall process of the decision-makers in homeland security and emergency management, along with intelligent network planning, customer experience, and a decrease in hindrance.
Rising Terrorist Threats and Biohazard Warfare to Drive the Homeland Security and Emergency Management Market
An increasing instability across the globe owing to the rising terrorist attacks and criminal activities has led the military sector to be increasingly concerned about the emergency situations. These plans of action contain procedures to deal with critical situations, such as hazardous material accidents, chemical attacks, civil unrest, or even intentional attacks such as explosive attacks, toxic industrial chemical, biological attacks, local attacks, pandemic attacks, radiological attacks, and nuclear attacks. Bio-hazardous attacks or bioterrorism is an act of releasing bacteria, viruses, toxins, and human-modified harmful agents that affect people and infrastructure. Terrorists across the globe are increasingly carrying out these transnational organized crimes to generate funding and acquire logistical support to carry out cross-border terrorist activities and other violent acts to harm the citizens. Several governments and security organizations are looking forward to implement security measures, strong emergency and incident management systems, and solutions. These solutions are expected to help in detecting and assessing biological, radiological, chemical, nuclear, or explosive materials. It would thus, minimize the chances of disasters.
Growing Demand for Situational Awareness and Military Modernization Programs and Operations to Propel Growth
During the combat missions, the decision makers should have the ability of situational awareness to process, identify, and analyze critical systems of information about the battlefield scenario. It is thus, a vital factor in air, naval, and land-based operations. Advanced technologies provide air, ground, and maritime solutions with advanced cyber and command, control, communication, computers, cyber, intelligence, surveillance and reconnaissance (C5ISR) capabilities to ensure access to real-time situational awareness database. High-bandwidth sensor processing, secure network routers, video management systems, and switches play a key role in decision making during any homeland security and emergency management. C5ISR system helps in displaying, handling, storing, and providing crucial flight, mission, and sensor information, which further improves the effectiveness of the complete decision-making process on the military operations. Hence, the use of homeland security assists in generating real-time data, which allows optimizing the efficiency of the soldiers during any operation analysis.
Slow Implementation of Security and Lack of Proactive Measures to Affect the Market Growth
Slow implementation process of homeland security systems and solutions is one of the key problems faced by the security solution companies. The concern for privacy is a major issue for the governments in the initial phases of adopting scanning and facial detection system. Public protests too, affect the governments in making these decisions and the quick adoption of system and solutions. Proactive measures play a crucial role in securing a country from imminent threats. For example, cyber solutions are driven by intelligence gathering by continuously monitoring networks. Lack of proactive measures, especially in the cyber security and emergency response are the key reasons for the lack of proactive procurement and implementation.
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Command & Control Segment to Grow Rapidly Backed by its Increasing Usage by Soldiers
Based on system, the market has been segmented into modeling and simulation, communication system, rescue and recovery systems, intelligence and surveillance system, detection and monitoring system, weapon system, command and control, and others. The command and control segment is expected to be the fastest-growing segment during the review period. Features provided by command and control systems comprise of operational control centers, aircraft mission planners, and strategic mission planning systems, which help soldiers in decision-making and support integrated working. The detection and monitoring system segment is anticipated to be the largest segment in the year 2020, owing to the major use of this system in most of the military equipment and systems.
Increasing Demand for Modern Warfare Systems to Boost Law Enforcement and Information Gathering Segment
On the basis of end use, the market has been categorized as cyber security, CBRNE security, aviation security, maritime security, law enforcement and intelligence gathering, critical infrastructure security, risk and emergency services, and border security. Among these segments, the law enforcement and information gathering segment is expected to witness the highest growth rate during the forecast period due to the increasing need for surveillance and information systems by the governments of several countries and intelligence agencies. Moreover, homeland security and emergency management solutions are offered by companies such as FLIR Systems, Inc. They provide features and capabilities such as video management system and panoramic security camera that enable public safety officers to receive real-time information updates. Hence, this segment is expected to grow over the forecast period. Whereas, owing to rise in the defense spending on the planning and protection of modern warfare systems CBRNE security segment is anticipated to be the largest segment in 2020.
North America Homeland Security and Emergency Management Market Size, 2019 (USD Billion)
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The findings based on our research methodology indicate that North America held the largest market share of homeland security and emergency management in 2019. According to the homeland security emergency management agency, the U.S. is spending on upgrading the naval, land, and airborne systems in recent years. Moreover, the presence of key manufacturers such as Northrop Grumman Corporation, Raytheon Company, and Lockheed Martin Corporation is driving the market growth in the U.S. In case of Canada, the rising adoption of advanced technologies in the battlefield management and rising demand for communication systems are boosting the market growth in the region.
As per our market research study, Asia-Pacific is the second largest market and is expected to anticipate strong growth during the review period owing to the significant rise in military spending and military modernization programs in the countries such as India, South Korea, and China. Furthermore, the rising cross-border conflicts and cybercrime is also boosting the market growth. The growing demand for cyber-security solutions and systems from small and medium-sized (SMEs) companies in China is also propelling the market growth in Asia-Pacific. The region is expected to exhibit long-term growth in the homeland security and emergency management market.
Europe was estimated to hold the third largest market share in 2019 on account of the presence of major homeland security manufacturers in this region such as Thales Group and BAE systems.
In addition, the market in the Middle East and Africa is anticipated to increase at significant CAGR, on account of the considerable number of suppliers and distributors of military systems present in this region. Similarly, the increasing investment in the modernization of naval and airborne systems in the region is expected to drive the market in the Middle East and Africa.
Technologically Advanced Products and Acquisition Strategies to Propel Growth of the Companies in the Market
The competition landscape of the homeland security & emergency management market depicts the domination of selected players such as Lockheed Martin Corporation, FLIR Systems, Thales Group, and BAE Systems. A diversified product portfolio of homeland security solution, along with the increased investment in R&D and strategic acquisition, are some of the crucial factors responsible for the dominance of these companies. These companies are adopting organic and inorganic growth strategies such as mergers and acquisitions and new product launches.
An Infographic Representation of Homeland Security and Emergency Management Market
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The homeland security and emergency management market report offers qualitative and quantitative insights on this market and detailed analysis of market size & growth rate for the segments in the market.
Along with this, the report provides an elaborative analysis of market dynamics, emerging trends, and competitive landscape. Key insights offered in the report are the adoption of advanced technology, recent industry developments such as partnerships, mergers & acquisitions, consolidated SWOT analysis of key players, Porter’s five forces analysis, business strategies of leading market players, and macro and micro-economic indicators.
Value (USD Billion)
By End Use
In 2019, the global market stood at USD 549.40 billion, and it is anticipated to reach USD 777.0 billion by 2027, growing at a stellar CAGR of 4.43% during the forecast period (2020-2027).
In the market, command and control is the leading segment
Some of the driving factors for the growth of the market are rising terrorist threats, biohazard warfare, and growing demand for situational awareness and military modernization programs and operations.
In the market, some of the key players are Lockheed Martin Corporation, General Dynamics Corporation, CACI International Inc., BAE Systems, Northrop Grumman Corporation, SAAB AB, L3Harris Technologies Inc., Collins Aerospace, Elbit Systems Ltd., and Thales Group.
In the market, the key players are mainly focusing on establishing a strong supply chain network in high growth regions such as Asia-Pacific. They are also involved in acquisitions and technological collaborations to strengthen their market positions. In addition, investment is carried out by key companies in the R&D activities for designing lightweight, durable, and cost-effective homeland security systems and subsystems.
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