Homeland Security and Emergency Management Market Business Overview 2020| Major Key Players and Stockholders, Business Strategy Analysis by Distributors, Industry Size with Share and Business Expansion Plans till 2027
The global homeland security and emergency management market size is projected
to reach USD 777.0 billion by 2027. It is set to gain traction from the
ever-increasing number of border security issues and terrorist attacks
occurring worldwide. Fortune Business Insights™ provided this information in a
recent report, titled, “Homeland Security and Emergency Management Market
Size, Share and Industry Analysis, By System (Modeling And Simulation,
Communication System, Rescue And Recovery Systems, Intelligence And
Surveillance System, Detection And Monitoring System, Weapon System, Command
And Control, And Others), By End Use (Cyber Security, CBRNE Security, Aviation
Security, Maritime Security, Law Enforcement and Intelligence Gathering,
Critical Infrastructure Security, Risk and Emergency Services, and Border
Security), and Regional Forecast, 2020- 2027.” The report further
mentions that the market stood at USD 549.40 billion in 2019. However, it is
set to exhibit a CAGR of 4.43% during the forecast period between 2020 to 2027.
Leidos Begins Work on a USD
450 Million Contract Given by the U.S. Air Force
In April 2020, Leidos, a scientific research
company based in the U.S., restarted work on a contract from US Air Force
(USAF) worth USD 450 million. It would enable the company in delivering IT
services to those users within the National Capital Region (NCR). This contract
was provided to Leidos last year. But, the work was suspended owing to several
protests. The indefinite-quantity, indefinite-delivery contract requires the
company to offer unclassified and classified IT services and support to the
Joint Chiefs of Staff (JCS), National Military Command Center (NMCC), USAF, and
other organizations and agencies present in the NCR. Work consists of
cybersecurity, system engineering, enterprise IT operations, and IT programme
management for a period of five years.
Worldwide COVID-19 Impact
Analysis:
The emergence of COVID-19 has brought the world
to a standstill. We understand that this health crisis has brought an
unprecedented impact on businesses across industries. However, this too shall
pass. Rising support from governments and several companies can help in the
fight against this highly contagious disease. Some industries are struggling
and some are thriving. Overall, almost every sector is anticipated to be
impacted by the pandemic.
We are making continuous efforts to help your
business sustain and grow during COVID-19 pandemics. Based on our experience
and expertise, we will offer you an impact analysis of coronavirus outbreak
across industries to help you prepare for the future.
This Report Answers the
Following Questions:
- What
are the homeland security and emergency management market trends, growth
drivers, and hindrances?
- How
will the market be affected in the near future?
- Which
vital strategies are implemented by key companies to boost sales?
- Which
region is likely to remain in the dominant position in terms of revenue?
- Which
segment would lead the market by generating the largest share?
Report Focus:
- Extensive
product offerings
- Customer
research services
- Robust
research methodology
- Comprehensive
reports
- Latest
technological developments
- Value
chain analysis
- Growth
dynamics
- Quality
assurance
- Post-sales
support
- Regular
report updates
Market Driver:
High Demand for Situational
Awareness to Propel Growth
There is a high demand for situational awareness
as it is capable of analyzing and identifying complex data regarding the
battlefield scenarios. It is very helpful for decision-makers and hence, a
significant factor in land, naval, and air-based operations. Cutting-edge technologies
also provide maritime, ground, and air solutions with unique command, control,
communication, computers, combat, intelligence, surveillance, and
reconnaissance (C5ISR) services for providing access to the real-time database.
However, in the field of cybersecurity, lack of proactive measures may obstruct
this market growth in the coming years.
Geographically, the
detailed analysis of consumption, revenue, market share and growth rate
(historic and forecast) of the following regions are covered:
- North
America (the USA and Canada)
- Europe
(UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia
Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia
Pacific)
- Latin
America (Brazil, Mexico and Rest of Latin America)
Segmentation:
Rising Usage in Military
System to Favor Growth of Detection and Monitoring System Segment
In terms of system, the market is divided into
intelligence and surveillance system, modeling and simulation, command and
control, rescue and recovery systems, weapon system, communication system,
detection and monitoring system, and others. Out of these, the detection and
monitoring system segment held 25.87% homeland security and emergency
management market share in 2019. This growth is attributable to their
increasing usage in various military equipment and systems.
Regional Analysis:
Upgradation of Conventional
Equipment to Favor Growth in North America
Based on geography, the market is fragmented
into South America, the Middle East and Africa, Asia Pacific, Europe, and North
America. Amongst these, North America procured USD 208.77 billion homeland
security & emergency management market revenue in 2019. This growth is
attributable to the rising military expenditure and up-gradation of airborne,
air, and land systems in the U.S. In addition to that, the country houses
several prominent companies, namely, Lockheed Martin Corporation, Raytheon
Company, and Northrop Grumman Corporation. It would also contribute to the
growth of the market in this region.
Asia Pacific, on the other hand, would remain in
the second position owing to the military modernization programs and spendings
in the developing countries, such as South Korea, India, and China. Also, the
increasing rates of cybercrime and cross-border conflicts would boost growth.
Europe is set to hold the third position backed by the presence of many
renowned homeland security manufacturers in this region.
List of Key Companies
Operating in the Homeland Security and Emergency Management Market are:
- BAE
Systems
- CACI
International Inc.
- Collins
Aerospace
- Elbit
Systems Ltd.
- General
Dynamics Corporation
- IBM
- L3Harris
Technologies Inc.
- Lockheed
Martin Corporation
- Northrop
Grumman Corporation
- SAAB
AB
- Thales
Group
Key Companies Aim to Win New Contracts to Strengthen Positions
The companies are following inorganic and
organic strategies, such as novel product launches and mergers and acquisitions
to intensify competition. They are also trying to get new orders and contracts
from reputed firms to deliver their products and gain a competitive edge. Below
are a couple of the key industry developments:
Major Industry Developments of the Market include:
- January
2019:
General Dynamics Information Technology (GDIT) bagged the Navy Cyber
Mission Engineering Support contract from the U.S. Navy’s Space and Naval
Warfare Systems Center. The total value of this contract is worth USD 898
million. It consists of one six-month option-to-extend-services option,
one two-year option ordering period, and a five-year base ordering period.
GDIT will be able to provide innovative solutions catering to the
warfighting needs of the Navy and Marine Corps.
- January
2018:
Serco Inc. acquired BTP Systems, a technology services contractor for USD
20 million. It would help the former in broadening its defense sector and
include new federal consumers.
Browse Detailed Research
Insights:
https://www.fortunebusinessinsights.com/homeland-security-and-emergency-management-market-102743
About Us:
Fortune Business Insights™ delivers accurate
data and innovative corporate analysis, helping organizations of all sizes make
appropriate decisions. We tailor novel solutions for our clients, assisting
them to address various challenges distinct to their businesses. Our aim is to
empower them with holistic market intelligence, providing a granular overview
of the market they are operating in.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Connect us via Social Media
Channels:
LinkedIn: https://www.linkedin.com/company/fortune-business-insights
Facebook: https://www.facebook.com/FortuneBusinessInsightsPvtLtd
Twitter: https://twitter.com/FBInsightPvtLtd
Read Press Release:
Comments
Post a Comment