San Francisco, 19 April 2024: The Report Homeland Security Market Size, Share & Trends Analysis Report By Types (Aviation, Maritime, Border, Critical Infrastructure Security, Cybersecurity, CBRN Security & Mass Transit Security), By Region, And Segment Forecasts, 2023 - 2030

The global homeland security market size is expected to reach USD 868.65 billion by 2030, registering a CAGR of 5.8% from 2023 to 2030, according to a new report by Grand View Research, Inc. Technological advances in homeland security across the globe are expected to drive the market over the forecast period. 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). It uses modernization 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.

The increase in demand for safety equipment and solutions across several industries such as aviation, maritime, cyber, and border security is anticipated to drive market growth over the forecast period. The market is expected to grow at a significant pace across the world due to the rising cases of terrorist attacks, cross-border disputes, illegal immigration, smuggling, human trafficking, and the occurrence of numerous natural disasters.

The industry is highly competitive, and manufacturers invest heavily in R&D operations to offer innovative products. Several government initiatives were undertaken to restrict increasing cross-border insurgency and terrorist threats are expected to drive demand.

Several government initiatives were undertaken to restrict increasing cross-border insurgency and terrorist threats are expected to drive demand. Also, growing human trafficking, drug smuggling, and illegal immigration are persuading the government of various countries to invest profoundly in the procurement of homeland security solutions. Cybersecurity is anticipated to be the fastest-growing market segment. This growth can be attributed to regions such as North America, and Europe that is investing immensely in cyber defenses, hence, driving the market. The majority of illegal immigrants in these countries come from developing countries and work in low-wage jobs in the agricultural, construction, and service sectors.

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Advanced technologies such as cloud, social, and next-generation mobile computing in the business environment are fundamentally altering the way organizations exploit information technology for sharing information and conducting online. Unmanned aircraft systems (UAS) are being used extensively in national safety missions across the world. Unmanned systems are becoming more affordable, proficient, and easier to operate which is expected to drive the industry growth further.  The market is expected to witness a substantial growth over the forecast period, owing to rising demand for security solutions and equipment across various industry verticals such as maritime, aviation, border and cyber security, among others.

Homeland Security Market Report Highlights

• The critical infrastructure security segment accounted for the largest revenue share of 25.7% in 2022
• 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 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.

Increasing proliferation of social networking and advancement of information technology offer infinite benefits in the living and working environments. However, such advantages can also create troubles in several types of cyber exploitation threats. Advances in Cyber Security gather the knowledge of cyber security experts from academia, government and industry across national and international boundaries to offer ways and means, which protect and sustain the cyberspace ecosystem.

There is an increasing demand for few federally funded technologies such as Path Scan, which is a intrusion detection system that prevent cyber-attacks by detecting anomalous network-hopping activities; MLSTONES, which is biology based malware and event analysis forensic tools that tags and sequences events looking for similarities.

Homeland Security Market Report scope

Another unique approach to cyber security is virtual dispersive networking, which is highly advanced than the non-traditional military radio spread-spectrum security approaches. Such dispersive technologies encrypt each component message individually and route them over diverse protocols following independent paths.

Key market participants in the homeland security market are unceasingly focusing on reduction in the cost of innovative next-generation technologies and solutions such as sensor technology for evolving customer needs. Suppliers in the industry invest immensely on R&D to offer efficient, scalable technologies, which offer real-time instrumentation and analytics across networks. It includes delivering deep intelligence and high-fidelity visibility about networked systems, their vulnerabilities, and providing required information on security.

Cyber security is expected to be a significant segment owing to the increased investment in cyber security products and solutions due to growing cyber threats, cyber espionage, and cyber frauds. With increasing uncertainties in international relations is leading to greater threat from cyber espionage. An alarming increase in digitalization, mobile data usage, and cloud usage as well as cyber security laws and legislations are expected to fuel growth of cyber security systems and solutions.

List of Key Players of Homeland Security Market

• 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
• ThalesUnisys