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Homeland Security and Emergency Management Market is projected to expand at a steady CAGR over the forecast by 2031 | Thales Group, Raytheon Company, Lockheed Martin Corporation, Northrop Grumman Corporation.
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The Department of Homeland Security (DHS) is responsible for protecting the United States from terrorist attacks and other disasters. The Federal Emergency Management Agency (FEMA) is a part of DHS and is responsible for coordinating the government's response to emergencies and disasters.
DHS was created in response to the terrorist attacks of September 11, 2001. The agency's mission is to prevent terrorist attacks, protect the American people, reduce our vulnerability to terrorism, and respond to and recover from terrorist attacks and other disasters.
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Key Trends
The key trends in Homeland Security and Emergency Management technology are the development of new and improved methods for detection, prevention, and response to natural and man-made disasters.
There has been a focus on the development of technology that can be used to improve communication and coordination between different agencies and responders during an emergency.
Key Drivers
The key drivers of the homeland security and emergency management market are the increasing terrorist activities, the rise in natural disasters, and the growing concerns over the safety of critical infrastructure.
The increasing terrorist activities across the globe have resulted in the need for better security and surveillance systems to protect the citizens as well as critical infrastructure.
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Market Segments
The homeland security and emergency management market is segmented by technology, end-use, installation, solution, and region. By technology, the market is segmented into facial recognition cameras, AI based solutions, block chain solutions, and others. On the basis of end-use, it is bifurcated into cybersecurity, aviation security, maritime security, and others. Based on installation, the market is classified into new installation, and upgrade. By solution, it is segregated into systems, and services. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.
Key Players
The global homeland security and emergency management markets includes players such as Elbit Systems, L3Harris Technologies, LEIDOS, BAE Systems, Thales Group, Raytheon Company, Lockheed Martin Corporation, Northrop Grumman Corporation, FLIR Systems, General Dynamics Corporation, and others.
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