Global Homeland Security and Emergency Management Market is projected to reach USD 1,181.6 Billion and register a CAGR of 5.8% between 2019 and 2026.
The increasing need for enhanced situational awareness and increasing investments in homeland security systems are primarily driving the growth of the market. Additionally, increasing terrorist attacks and border trespassing is driving the growth of the market further.
Growing need to upgrade homeland security systems
Growth Opportunities in the Market
The systems segment is expected to register the highest growth in the market: The systems segment accounted for the largest market share in 2019 and is expected to register the highest CAGR during the review period. This is due to the increasing demand for homeland security systems such as intelligence and surveillance system, detection and monitoring system, weapon system, and communication system.
The security segment is expected to grow at the highest rate: The security segment accounted for the largest market share in 2019 and is expected to register the highest CAGR during the forecast period, 2019 to 2026. The growth can be attributed to the high utilization of homeland security systems for border security, cybersecurity, and public security.
The homeland security segment accounted for the largest share in 2019: The homeland security segment accounted for the largest share in 2019. This is due to the increasing need for homeland security for various applications such as intelligence, tracking, surveillance, and command and control, among others.
The emergency management segment is expected to register the highest CAGR during the forecast period.
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Lockheed Martin Corporation (US)
Raytheon Company (US)
Northrop Grumman Corporation (US)
Thales Group (France)
FLIR Systems (US)
BAE Systems Plc (UK)
General Dynamics Corporation (US)
Elbit Systems Ltd (Israel)
Other Prominent Players
L3harris Technologies (US)
Honeywell International Inc. (US)
ECA Group (France)