Homeland Security and Emergency Management Market Share, Globe Key Updates, Demand, Size and Industry Forecast to 2026

The MarketWatch News Department was not involved in the creation of this content. Sep 25, 2020 (The Expresswire) — Homeland Security and Emergency Management Market will exhibit a CAGR of 4.43% during the forecast period and reachUSD USD 777.0 billion by 2027, and the market value as per 2019 was […]

The MarketWatch News Department was not involved in the creation of this content.

Sep 25, 2020 (The Expresswire) —
Homeland Security and Emergency Management Market will exhibit a CAGR of 4.43% during the forecast period and reachUSD USD 777.0 billion by 2027, and the market value as per 2019 was USD 549.40 billion.

Fortune Business Insights™in a recently published 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.”

Homeland Security and Emergency Management Market Drivers and Restraint:

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 of the 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 real-time database. However, in the field of cybersecurity, lack of proactive measures may obstruct the homeland security and emergency management market growth in the coming years.

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List of Significant Manufacturers 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

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 and emergency management market revenue in 2019. This growth is attributable to the rising military expenditure and upgradation 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 spending 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.

Competitive Landscape-

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:

Browse Complete Summary of research Report:https://www.fortunebusinessinsights.com/homeland-security-and-emergency-management-market-102743

Segment-

Communication Radios Segment to Lead Backed by their High Usage in Aircraft

Based on system, the market is grouped into static dischargers, cockpit voice recorder, radio tuning system, communication radios, and audio integrating systems. Out of these, the communication radios segment is anticipated to generate the largest aircraft communication (ACARS) market share in the coming years. This growth is attributable to the extensive utilization of communication radio in business jets, military aircraft, and commercial aircraft. The audio integrating system segment is set to showcase considerable growth stoked by their usage in integrating audio from cockpit services.

Someof the key industry developments in theHomeland Security and Emergency Management 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.

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Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

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