Market Size of Homeland Security and Emergency Management Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.00 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Homeland Security & Emergency Management Market Analysis
The homeland security and emergency management market is anticipated to witness a CAGR of about 6% during the forecast period (2022 - 2027)
Due to the COVID-19 pandemic, the number of inbound travelers to all the countries in the world dropped drastically, which has reduced the demand for new customs and border protection equipment. On the other hand, the growth in riots, insurgent activities, and natural disasters in the last two years has led to increased demand from law enforcement and emergency management end-users.
The increasing procurements of enhanced security systems for intercepting the threat of terrorist attacks have been driving the homeland security and emergency management market, and this trend is anticipated to continue over the forecast period.
The increasing investments in the security of airports, seaports, and borders, as well as the development of custom and immigration services, are fuelling the growth of the market.
On the other hand, cyber threats are growing at a rapid pace with growing digitalization. This is anticipated to compel countries around the world to strengthen their cyber security to protect their IT infrastructure of government and private sector organizations.
Homeland Security & Emergency Management Industry Segmentation
The homeland security and emergency management market includes the study of all the government and federal agencies that make an effort to prevent, reduce, and minimize the damage from terrorist attacks, as well as the first responders for natural disasters and man-made events. The market is segmented by end-use into border security, cybersecurity, law enforcement, intelligence gathering, risk and emergency services, and other end-uses. The other end uses segment includes CBRNe defense, aviation security, and maritime security, among others. The report also covers the market size and forecasts for the Homeland Security and Emergency Management Market in major countries across the different regions. For each segment, the market size and forecasts are done based on value (USD million).
| End Use | |
| Border Security | |
| Cybersecurity | |
| Law Enforcement and Intelligence Gathering | |
| Risk and Emergency Services | |
| Other End Uses |
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| Rest of the World |
Homeland Security and Emergency Management Market Size Summary
The homeland security and emergency management market is poised for significant growth, driven by increasing investments in security systems and the rising need to address cyber threats. The market is experiencing a surge in demand due to heightened concerns over terrorist attacks, natural disasters, and civil unrest. This has led to a robust procurement of advanced security solutions by law enforcement and emergency management agencies. The focus on enhancing security at airports, seaports, and borders, along with the development of customs and immigration services, is further propelling market expansion. Additionally, the rapid digitalization has escalated cyber threats, prompting governments worldwide to bolster their cybersecurity measures. This trend is reflected in the strategic initiatives and substantial investments made by countries like the UK, India, and several others to strengthen their cyber defenses.
North America currently dominates the homeland security and emergency management market, largely due to substantial government investments in public safety and disaster response. The United States and Canada have significantly increased their budget allocations for homeland security, driven by the need to mitigate risks from natural disasters and enhance national security. The market is characterized by a high level of fragmentation, with numerous suppliers offering a wide range of equipment to various agencies. Prominent players such as Lockheed Martin, Elbit Systems, and Northrop Grumman leverage their brand value to secure contracts with government and national security agencies. The integration of advanced technologies like Big Data Analytics and Artificial Intelligence is expected to create new growth opportunities, enabling companies to expand their geographic presence and enhance their security solutions.
Homeland Security and Emergency Management Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Buyers/Consumers
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1.4.2 Bargaining Power of Suppliers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size and Forecast by Value - USD Billion, 2022 - 2027)
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2.1 End Use
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2.1.1 Border Security
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2.1.2 Cybersecurity
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2.1.3 Law Enforcement and Intelligence Gathering
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2.1.4 Risk and Emergency Services
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2.1.5 Other End Uses
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2.2 Geography
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2.2.1 North America
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2.2.1.1 United States
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2.2.1.2 Canada
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2.2.2 Europe
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2.2.2.1 United Kingdom
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2.2.2.2 France
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2.2.2.3 Germany
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2.2.2.4 Rest of Europe
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2.2.3 Asia-Pacific
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2.2.3.1 China
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2.2.3.2 India
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2.2.3.3 Australia
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2.2.3.4 Rest of Asia-Pacific
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2.2.4 Rest of the World
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Homeland Security and Emergency Management Market Size FAQs
What is the current Homeland Security and Emergency Management Market size?
The Homeland Security and Emergency Management Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Homeland Security and Emergency Management Market?
Lockheed Martin Corporation, Elbit Systems Ltd, Northrop Grumman Corporation, Thales Group and Raytheon Technologies Corporation are the major companies operating in the Homeland Security and Emergency Management Market.
