The main aim for homeland security is to provide persistent surveillance for situational awareness. Some of the major applications of homeland security indulges border ISR (intelligence, surveillance, and reconnaissance) operations, disaster response, event management and security, traffic monitoring, infrastructure security, mass transit security, and several other purposes. Homeland security forces include departments such as police forces, border security forces, federal agencies, and private security agencies, etc.
Raytheon Technologies Corporation, Northrop Grumman Corporation, IBM Corporation, L3Harris Technologies, and Lockheed Martin Corporation –Prominent Market Participants in Homeland Security Market
The growing number of airports and air passenger traffic globally is influencing the demand for aviation security solutions. According to International Civil Aviation Organization (ICAO), the number of air passengers traveling between January to April 2022 showcased an increase of 65% compared to the same period in 2021. The total flight departures also increased by 30% across the globe. The analysis by the organization also states that the total seating capacity offered by the airline also increased by 20% in the same time frame. Rising purchasing power of the global population, increasing trend of global tourism, and surging business travel are among the major reasons contributing to the growth of air traffic across the globe. The rise in air traffic is directly influencing the need for more efficient aviation security solutions to ensure safety across all airports. Moreover, stringent government regulations on airport security to ensure proper checks of all individuals entering and leaving the nation are also enhancing the demand for aviation security solutions.
North America accounted for the largest share of the global homeland security market in 2021. The rising government expenditure to procure innovative and technologically advanced security solutions across airports, coastal borders, land borders, and critical infrastructures is contributing to the market’s growth. For instance, In June 2022, the US Department of Homeland Security and Federal Protective Service offered a contract to Constellis to provide protective security officer services for the St. Elizabeth complex. Additionally, the presence of many homeland security market players in the region is further contributing to the North America homeland security market growth.
The top five companies in the homeland security market are Raytheon Technologies Corporation, Northrop Grumman Corporation, IBM Corporation, L3Harris Technologies, and Lockheed Martin Corporation. The above listing of key players is derived by considering multiple factors such as overall market insights, dynamic trends, revenue, current general homeland security portfolio, new product launches, market initiatives, investment in technology up-gradation, mergers & acquisitions, and other joint activities. A few of the important market initiatives and product developments from the industry are mentioned below:
| Year | News | Country |
| 2022 | Elbit Systems Ltd. was awarded a US$ 69 million contract to supply Electronic Warfare (EW) capabilities to a country in Asia-Pacific. The contract will be delivered over a period of three years. EW capabilities as militaries around the world increasingly recognize the importance of dominating the electromagnetic spectrum said by the company. | MEA |
| 2022 | IBM at RSAC 2022 announced it plans to acquire Randori, a leading attack surface management (ASM) and offensive cyber security provider based in the Boston area. Randori helps clients continuously identify external facing assets, both on-premises or in the cloud, that are visible to attackers – and prioritize exposures which pose the greatest risk. | North America |
| 2022 | Teledyne FLIR LLC has introduced its SeaFLIR 240 and TacFLIR 240 high-definition multispectral surveillance systems for military and homeland security applications on land and at sea. | North America |
