The global homeland security market garnered a market value of US$ 189 Billion in 2022 and is expected to accumulate a market value of US$ 300 Billion by registering a CAGR of 4.7% in the forecast period 2022 to 2032.
Increased demand for safety equipment and solutions across a variety of industries, including aviation, maritime, cyber, and border security, is expected to fuel market expansion throughout the projected period. Manufacturers invest considerably in Research and Development (R&D) activities to deliver novel goods in a highly competitive business. Harris Corporation, for example, invests its R&D funds in providing new mission-critical communications at a faster and lower cost.
border conflict and terrorist concerns are projected to fuel demand. Furthermore, rising human trafficking, drug smuggling, and illegal immigration are compelling governments throughout the world to spend heavily on homeland security measures. The fastest-growing market area is expected to be cybersecurity. This expansion may be attributable to areas such as North America and Europe, which are spending heavily on cyber defenses and, as a result, propelling the homeland security industry.
In the corporate context, advanced technologies such as cloud, social, and next-generation mobile computing are profoundly changing how firms use information technology for exchanging information and performing online commerce. Currently, more than 80% of total business transactions are conducted online, requiring high levels of security and transparency. Unmanned systems are widely employed in national safety tasks across the world. For example, as of October 2014, the United States Army and Air Force (USAF) have flown nearly three million hours of unmanned aerial systems (UAS). Recently, the United States Navy has boosted its testing of a variety of unmanned marine systems (UMS). Unmanned systems are becoming more economical, capable, and simple to operate, which is likely to propel industry expansion even further.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value (2022) | US$ 189 Billion |
| Anticipated Forecast Value (2032) | US$ 300 Billion |
| Projected Growth Rate (2022 to 2032) | 4.7% CAGR |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
The global demand for Homeland Security is projected to increase at a CAGR of 4.7% during the forecast period between 2022 and 2032, reaching a total of US$ 300 Billion in 2032, according to a report from Future Market Insights (FMI). From 2017 to 2021, sales witnessed significant growth, registering a CAGR of 3%.
The word homeland security refers to a country's defense against any threat to society. Governments have attempted to provide security and resilience in the face of all probable natural and man-made disasters. Terrorism, illegal weapons, cybercrime, drug trafficking, hurricanes, floods, earthquakes, tornadoes, and other natural disasters are all part of a country's homeland security. It safeguards the public by incorporating law enforcement, border security, transit security, and aviation security.
The market for homeland security is expected to grow rapidly as a result of reasons such as a rise in terrorist attacks, border disputes, illegal immigration, smuggling, human trafficking, and regular natural disasters, among others. Several companies are spending heavily on innovative goods and services to address and defend negative circumstances in nations throughout the world.
Initiatives to de-escalate Cross-Border Conflicts and Civil Wars to Accelerate Market Growth
Civil conflicts and border disputes are growing increasingly common across the world. Border conflicts between states develop for a variety of reasons, including terrorism, expansionism, control over natural resources, and so on. Civil wars are common in a country and are mostly triggered by conflicts arising from political dissatisfaction, territorial disputes between governments, and other circumstances.
Governments throughout the world are taking considerable steps to control these circumstances, and as a result, they are investing more in their country's homeland security to manage the growing number of conflicts. In 2021, the United States, for example, will spend US$ 49.8 billion on homeland security. This demonstrates the country's responsibility to defend its citizens both within its borders and online.
Increased Smuggling and Trafficking to Propel Market Growth
Global, transnational criminal activity is fuelled by smuggling and trafficking. Smuggling and trafficking, which includes drug trafficking, human trafficking, and illegal immigration, is the world's fastest-growing anti-social threat. Numerous global factors, including the Asian economic crisis, ongoing conflicts in Iraq, Afghanistan, and Pakistan, and prolonged poverty in many countries, including Paraguay, Namibia, Botswana, Mozambique, and Uruguay, have all contributed to the alarming increase in immigration from these countries.
Because of the dramatic increase in occurrences of human trafficking, the market for global homeland security is expected to grow, as the goods and services on sale in the marketplace aid in detecting and fighting this danger. Airport security patrols, naval security, transit security, and the identification of smuggled nuclear material are just a few of the efforts used to handle smuggling and trafficking issues that undermine a country's national security.
Principal Consultant
The High Costs of Ensuring Homeland Security to Hinder Market Growth
Costly technology, commodities, and services provided by various homeland security agencies are expected to limit the market growth. Because of the high cost of products and services, as well as government expenditure, countries such as Asia-Pacific and the Middle East have slower adoption rates for homeland security services.
Furthermore, the installation expenses for these technologies are rather substantial. A large amount of money, people, and equipment must be set aside for homeland security resources, which adds to the cost of keeping the country safe. For example, the United States spends around USD 100 billion per year on homeland security. This involves the enforcement of federal, state, and municipal laws, as well as the provision of emergency services.
Due to the high cost of goods and services such as expensive x-ray and explosive detection equipment, high-end cybersecurity devices, high-end real-time video analytics systems, and others, the public and private sectors have lower implementation and investment in the market of high-cost security surveillance systems. This factor will restrain worldwide market growth over the forecast period.
Adoption of New Technologies in Different Security Areas to Widen Profit Margins
The Asia-Pacific region is the second-largest. Nations with large marine borders, such as India, Sri Lanka, Japan, and Bangladesh, seek improved naval security in the area. Government attempts to improve public and property safety, as well as the adoption of new technologies in different security areas such as cyber security, aviation security, and critical infrastructure security, are creating huge prospects for market expansion in the region.
As per Future Market Insights, the Asia Pacific is expected to grow at a CAGR of 4% market share for homeland security in the assessment period 2022 to 2032.
Various Military Modernization and Upgrade Initiatives to Drive Market Growth
Because of the various military modernization and upgrade initiatives happening in the area, North America is anticipated to see an increase in the use of homeland security goods and services. The increased investment by North American governments in upgrading national security against various threats is projected to promote the development of modern equipment across North America.
The presence of world-class defense equipment manufacturers in the area improves the region's contribution to the worldwide market. As per Future Market Insights, North America is expected to grow at a CAGR of 4.5% market share for homeland security in the assessment period 2022 to 2032.
Increased Government Spending fuelling sales of Homeland Security
The European homeland security market covers nations such as the United Kingdom, Germany, France, and the rest of Europe. The key factor fuelling the growth of the homeland security industry is increased government spending in the region.
The existence of large nations such as Germany, France, the United Kingdom, Russia, and others that effectively protect their internal security is likely to boost the growth of the homeland security industry. As per Future Market Insights, Europe is expected to grow at a CAGR of 3.7% market share for homeland security in the assessment period 2022 to 2032.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
Public Homeland Security to be of Vital Importance in Coming Years
The market's largest contributor is public security, which is expected to increase at a CAGR of 4.3% during the projected period. Several governments and defense agencies throughout the world have adopted homeland security goods and services. Government organizations such as the International Civil Aviation Organization (ICAO), a United Nations agency, Customs and Border Protection (CBP) in the United States, the Border Security Force (BSF) in India, the Maritime Civil and Criminal Authority, the Australian Maritime Safety Authority, and many others are heavily utilizing market products and services.
Homeland Cybersecurity to take Precedence, amid growing Threat of Data Breaches
Cyber Security has the largest share of the homeland security market and is expected to grow at a CAGR of 4.6% over the projected period. Cybersecurity is critical to ensuring the protection of data that, if compromised, may disrupt the operations of enterprises all over the world.
A strong cybersecurity infrastructure safeguards all types of data against theft. The increasing severity and frequency of cyber-attacks are expected to drive growth in this category during the projected period.
Key start-up players in homeland security are from offering new and innovative product lines to consolidating their market presence, these aforementioned start-ups have left no stone unturned. Some specific instances of key homeland security start-ups are as follows:
Key players in the Homeland Security market are Raytheon Technologies, IBM, L-3 Harris Technologies, Lockheed Martin Corporation, and Northrop Grumman.
Recent Developments
| Report Attribute | Details |
|---|---|
| Market Value in 2022 | US$ 189 Billion |
| Market Value in 2032 | US$ 300 Billion |
| Growth Rate | CAGR of 4.7% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in US$ Billion and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
|
| Regions Covered |
|
| Key Countries Profiled |
|
| Key Companies Profiled |
|
| Customization | Available Upon Request |
FMI projects the global homeland security market to expand at a 4.7% value CAGR by 2032
The global homeland security market is estimated at a market value of US$ 189 Billion by 2022
The global homeland security market is expected to garner a market value of US$ 300 Billion by 2032.
As per Future Market Insights, the Asia Pacific is expected to grow at a CAGR of 6% market share for homeland security in the assessment period 2022 to 2032.
Raytheon Technologies, IBM, L-3 Harris Technologies, Lockheed Martin Corporation and Northrop Grumman are some prominent homeland security manufacturers
As per Future Market Insights, the Asia Pacific is expected to grow at a CAGR of 4% market share for homeland security in the assessment period 2022 to 2032.
As per Future Market Insights, Europe is expected to grow at a CAGR of 3.7% market share for homeland security in the assessment period 2022 to 2032.
Public security is expected to grow at a CAGR of 4.3% in the forecast period 2022 to 2032.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032
4.1. Historical Market Size Value (US$ million) Analysis, 2017 to 2021
4.2. Current and Future Market Size Value (US$ million) Projections, 2022 to 2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End-User
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ million) Analysis By End-User, 2017 to 2021
5.3. Current and Future Market Size Value (US$ million) Analysis and Forecast By End-User, 2022 to 2032
5.3.1. Public Sector
5.3.2. Private Sector
5.4. Y-o-Y Growth Trend Analysis By End-User, 2017 to 2021
5.5. Absolute $ Opportunity Analysis By End-User, 2022 to 2032
6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Security Type
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ million) Analysis By Security Type, 2017 to 2021
6.3. Current and Future Market Size Value (US$ million) Analysis and Forecast By Security Type, 2022 to 2032
6.3.1. Border security
6.3.2. Mass transit security
6.3.3. Cyber security
6.3.4. Critical infrastructure security
6.3.5. Aviation security
6.3.6. Maritime security
6.3.7. Others
6.4. Y-o-Y Growth Trend Analysis By Security Type, 2017 to 2021
6.5. Absolute $ Opportunity Analysis By Security Type, 2022 to 2032
7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ million) Analysis By Region, 2017 to 2021
7.3. Current Market Size Value (US$ million) Analysis and Forecast By Region, 2022 to 2032
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. South Asia
7.3.5. East Asia
7.3.6. Oceania
7.3.7. Middle East and Africa (MEA)
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
8.1. Historical Market Size Value (US$ million) Trend Analysis By Market Taxonomy, 2017 to 2021
8.2. Market Size Value (US$ million) Forecast By Market Taxonomy, 2022 to 2032
8.2.1. By Country
8.2.1.1. The USA
8.2.1.2. Canada
8.2.2. By End-User
8.2.3. By Security Type
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By End-User
8.3.3. By Security Type
8.4. Key Takeaways
9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
9.1. Historical Market Size Value (US$ million) Trend Analysis By Market Taxonomy, 2017 to 2021
9.2. Market Size Value (US$ million) Forecast By Market Taxonomy, 2022 to 2032
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By End-User
9.2.3. By Security Type
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By End-User
9.3.3. By Security Type
9.4. Key Takeaways
10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
10.1. Historical Market Size Value (US$ million) Trend Analysis By Market Taxonomy, 2017 to 2021
10.2. Market Size Value (US$ million) Forecast By Market Taxonomy, 2022 to 2032
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. The United Kingdom
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Europe
10.2.2. By End-User
10.2.3. By Security Type
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By End-User
10.3.3. By Security Type
10.4. Key Takeaways
11. South Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
11.1. Historical Market Size Value (US$ million) Trend Analysis By Market Taxonomy, 2017 to 2021
11.2. Market Size Value (US$ million) Forecast By Market Taxonomy, 2022 to 2032
11.2.1. By Country
11.2.1.1. India
11.2.1.2. Malaysia
11.2.1.3. Singapore
11.2.1.4. Thailand
11.2.1.5. Rest of South Asia
11.2.2. By End-User
11.2.3. By Security Type
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By End-User
11.3.3. By Security Type
11.4. Key Takeaways
12. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
12.1. Historical Market Size Value (US$ million) Trend Analysis By Market Taxonomy, 2017 to 2021
12.2. Market Size Value (US$ million) Forecast By Market Taxonomy, 2022 to 2032
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.2. By End-User
12.2.3. By Security Type
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By End-User
12.3.3. By Security Type
12.4. Key Takeaways
13. Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
13.1. Historical Market Size Value (US$ million) Trend Analysis By Market Taxonomy, 2017 to 2021
13.2. Market Size Value (US$ million) Forecast By Market Taxonomy, 2022 to 2032
13.2.1. By Country
13.2.1.1. Australia
13.2.1.2. New Zealand
13.2.2. By End-User
13.2.3. By Security Type
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By End-User
13.3.3. By Security Type
13.4. Key Takeaways
14. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
14.1. Historical Market Size Value (US$ million) Trend Analysis By Market Taxonomy, 2017 to 2021
14.2. Market Size Value (US$ million) Forecast By Market Taxonomy, 2022 to 2032
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of MEA
14.2.2. By End-User
14.2.3. By Security Type
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By End-User
14.3.3. By Security Type
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. The USA
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2021
15.1.2.1. By End-User
15.1.2.2. By Security Type
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2021
15.2.2.1. By End-User
15.2.2.2. By Security Type
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2021
15.3.2.1. By End-User
15.3.2.2. By Security Type
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2021
15.4.2.1. By End-User
15.4.2.2. By Security Type
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2021
15.5.2.1. By End-User
15.5.2.2. By Security Type
15.6. The United Kingdom
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2021
15.6.2.1. By End-User
15.6.2.2. By Security Type
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2021
15.7.2.1. By End-User
15.7.2.2. By Security Type
15.8. Spain
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2021
15.8.2.1. By End-User
15.8.2.2. By Security Type
15.9. Italy
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2021
15.9.2.1. By End-User
15.9.2.2. By Security Type
15.10. India
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2021
15.10.2.1. By End-User
15.10.2.2. By Security Type
15.11. Malaysia
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2021
15.11.2.1. By End-User
15.11.2.2. By Security Type
15.12. Singapore
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2021
15.12.2.1. By End-User
15.12.2.2. By Security Type
15.13. Thailand
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2021
15.13.2.1. By End-User
15.13.2.2. By Security Type
15.14. China
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2021
15.14.2.1. By End-User
15.14.2.2. By Security Type
15.15. Japan
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2021
15.15.2.1. By End-User
15.15.2.2. By Security Type
15.16. South Korea
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2021
15.16.2.1. By End-User
15.16.2.2. By Security Type
15.17. Australia
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2021
15.17.2.1. By End-User
15.17.2.2. By Security Type
15.18. New Zealand
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2021
15.18.2.1. By End-User
15.18.2.2. By Security Type
15.19. GCC Countries
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2021
15.19.2.1. By End-User
15.19.2.2. By Security Type
15.20. South Africa
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2021
15.20.2.1. By End-User
15.20.2.2. By Security Type
15.21. Israel
15.21.1. Pricing Analysis
15.21.2. Market Share Analysis, 2021
15.21.2.1. By End-User
15.21.2.2. By Security Type
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By End-User
16.3.3. By Security Type
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Elbit Systems Ltd.
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.2. FLIR Systems Inc.
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.3. General Dynamics Corporation
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.4. Harris Corporation
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.5. L-3 Communications Holding Inc.
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.6. Megal Security Systems Ltd.
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.7. Raytheon Company
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.8. Safran SA
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.9. Thales SA
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.10. Unisys Corporation
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
Technology
May 2022
REP-GB-14733
342 pages
Explore Technology Insights
View Reports
Homeland Security Market
