Homeland Security Market Key Findings and Share by 2031
The homeland security market size is projected to reach US$ 374.97 billion by 2031 from US$ 194.81 billion in 2023. The market is expected to register a CAGR of 8.5% during 2023–2031. Rise in procurement of various security solutions and services is likely to remain a key trend in the market.
Homeland Security Market Analysis
The homeland security service providers offer security services to both private and public enterprises. The services are offered for cyber security, aviation security, maritime or border security, and critical infrastructure security, among others. Major service providers include AT&T, Accenture, and Perspecta Engineering Inc. The end-users of the global homeland security market include governing bodies and private organizations carrying out business to offer safety across airports, coastlines, and borders. The rise in homeland security expenditure by developed and developing nations and their increased investments to ensure the safety of their population and critical infrastructure from factors like drug trafficking, terror, and undocumented immigrants is also propelling the market growth.
Homeland Security Market Overview
The major stakeholders in the global homeland security market ecosystem include component manufacturers, homeland security solution providers, homeland security service providers, and end users. A homeland security system is made up of various components which are procured by the system manufacturers from a huge base of component manufacturers. These component manufacturers supply the base parts to the global homeland security market players. The homeland security solution providers are the companies engaged in manufacturing and developing the final system and solution after integrating each component. Major players operating in the market include Elbit Systems Ltd., Thales Group, IBM Corp., Lockheed Martin Corporation, and Northrop Grumman Corporation.
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Homeland Security Market: Strategic Insights
Market Size Value in US$ 188.99 Billion in 2022 Market Size Value by US$ 275.50 Billion by 2028 Growth rate CAGR of 6.5% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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Homeland Security Market: Strategic Insights
| Market Size Value in | US$ 188.99 Billion in 2022 |
| Market Size Value by | US$ 275.50 Billion by 2028 |
| Growth rate | CAGR of 6.5% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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Homeland Security Market Drivers and Opportunities
Increase in Number of Airports and Passenger Traffic Worldwide
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.
Rise in Procurement of Various Security Solutions and Services
There is a rise in investment by various regional homeland security agencies to procure advanced solutions for ensuring safety across several applications such as border security, mass transit security, cyber security, critical infrastructure security, aviation security, and maritime security. Some of the prominent procurement contracts are highlighted below:
- In July 2022, Swish Data Corporation (Swish) received a contract from the Department of Homeland Security (DHS) Continuous Diagnostics and Mitigations (CDM) program to supply advanced security information and event management (SIEM) to the US Coast Guard department.
- The US Department of Homeland Security (DHS) awarded a contract to North-eastern University worth US$ 36 million to develop surveillance systems for protecting the country's schools, churches, and stadiums in November 2021.
- In May 2021, AT&T received a homeland security contract from the US Department of Homeland Security to upgrade the nation's telecommunication infrastructure and IP-based networking services.
Homeland Security Market Report Segmentation Analysis
Key segments that contributed to the derivation of the homeland security market analysis are security type and end user.
- Based on security type, the homeland security market is divided into border security, mass transit security, cyber security, critical infrastructure security, aviation security, maritime security, and others. The cyber security segment held a larger market share in 2023.
- Based on end user, the homeland security market is segmented into public security and private security. The public security segment held a larger market share in 2023.
Homeland Security Market Share Analysis by Geography
The geographic scope of the homeland security market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.
North America has dominated the market in 2023 followed by Europe and Asia Pacific. Further, Asia Pacific is likely to witness highest CAGR in the coming years. The increasing investment by the region in the development of critical infrastructures such as schools, colleges, and stadiums are influencing the rise in the need for security solutions across the premises. Additionally, the region is also experiencing heavy investment in developing new airports across countries such as China, Australia, India, and South Korea. This is further influencing the demand for aviation security solutions across the region. Moreover, the rising adoption of automated solutions for both land and marine border protection by the APAC countries is further augmenting the demand for advanced security and surveillance solutions. Thus, the factors mentioned above are contributing to the growth of the APAC homeland security market.
Homeland Security Market Report Scope
Homeland Security Market News and Recent Developments
The homeland security market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the homeland security market are listed below:
Teledyne FLIR Defense announced today at SOFIC 2022 the official launch of SeaFLIR 240 and TacFLIR 240, the latest additions to its line of high-definition, multi-spectral surveillance systems developed for a variety of maritime and land-based operations. (Source: Teledyne FLIR LLC, Press Release, Mar 2022)
- Excella, a pioneer in Agile technology solutions, announced it has been selected as part of the Department of Homeland Security US Immigration and Customs Enforcement contract. Under the contract, Excella will provide Agile software delivery, full-stack development, and cloud support. (Source: Excella, Press Release, Jan 2022)
Homeland Security Market Report Coverage and Deliverables
The “Homeland Security Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Homeland security market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Homeland security market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed porter’s five forces analysis
- Homeland security market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the homeland security market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
End User, and Security Type
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
North America region dominated the homeland security market in 2023.
Rise in severe cyberattacks and increase in number of airports and passenger traffic worldwide are some of the factors driving the growth for homeland security market.
Rise in procurement of various security solutions and services is one of the major trends of the market.
Elbit Systems, IBM Corporation, Leidos, Thales Group, Teledyne Flir LLC, Northrop Grumman Corporation, Raytheon Technologies Corporation, Textron Systems, and General Dynamics Information Technology Inc are some of the key players profiled under the report.
The estimated value of the homeland security market by 2031 would be around US$ 374.97 billion.
The homeland security market is likely to register of 8.5% during 2023-2031.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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