The market witnessed healthy growth even in the previous forecast period of 2018 to 2021. The increasing political dissents and separatist movements all around the globe are driving the growth of the market and the trend is estimated to continue throughout the forecast period. Owing to the growing investments in homeland security and emergency management solutions the region of Asia Pacific is estimated to boost the market during the forecast period.
Global Homeland Security and Emergency Management Market – Overview
The regions of the Middle East, Europe, and the Asia Pacific are increasingly facing various separatist movements across the world that are still highly active and armed, creating hazardous situations for nations and these increasing separatist movements are estimated to boost the market during the forecast period.
There has been significant growth in the homeland security market of the Middle East, where efforts are underway to reinstate democracy by overthrowing the dictatorship. This factor is estimated to grow the market during the forecast period.
In the countries of Saudi Arabia, Bahrain, and Iran where recent conflicts and decline in oil prices are taking place the spending on homeland security and emergency management and this factor is driving the growth of the market in the regions.
Key Market Trends
Low fund allocations, inadequate training, non-implementation of standard operating procedures (SOPs), and political pressure are a few factors that are leading to poor emergency management the factors that may restrict the growth of the market across the globe during the forecast period.
In the category of solutions, the systems segment is expected to lead the homeland security and emergency management market owing to the rise in threats across the globe. The rising demand for non-lethal weapons used to control riot situations is also estimated to drive the growth of the market during the forecast period.
The increasing focus on the modernization of existing homeland security and emergency management systems by major economies in the region of Asia Pacific is estimated to boost the growth of the market during the forecast period.
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Segmental Analysis of the Market
Facial Recognition Cameras
Thermal Imaging Technology
AI-based Solutions
C2 Solutions
Blockchain Solutions
Others
It is estimated for the C2 solutions to boost the growth of the market during the forecast period.
By Vertical
Homeland Security
Emergency Management
It is estimated for the homeland security to drive the growth of the market during the forecast period.
By End-Use
Cybersecurity
Aviation Security
Maritime Security
Law Enforcement And Intelligence Gathering
Critical Infrastructure Security
It is estimated for the cybersecurity to boost the growth of the market during the forecast period.
Asia Pacific region to witness the growth in the market during the forecast period
Owing to the growing investments in homeland security and emergency management solutions the region of Asia Pacific is estimated to boost the market during the forecast period. The countries of Saudi Arabia, Bahrain, and Iran where recent conflicts and decline in oil prices are taking place the spending on homeland security and emergency management and this factor is driving the growth of the market in the regions. Also, there has been a significant growth in the homeland security market of Middle East, where efforts are underway to reinstate democracy by overthrowing dictatorship. This factor is also estimated to boost the market growth in the region.
Competitive Landscape
Some of the prominent companies operating in the market are
Lockheed Martin Corporation (US)
Northrop Grumman Corporation (US)
Thales Group (France)
BAE Systems (UK)
LEIDOS (US)
Elbit Systems (Israel)
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Major questions answered in this report
What is the growth rate of this Market?
What are the primary growth determinants of the market?
Which are the major regions constituting the geographical landscape of the market?
Which are the prominent companies operating in the market?
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