SAN FRANCISCO, Oct. 14, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Homeland Security - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 7; Released: May 2021
Executive Pool: 26546
Companies: 158 - Players covered include BAE Systems PLC; Boeing Company; Booz Allen Hamilton; CACI International, Inc.; Elbit Systems Ltd.; FLIR Systems, Inc.; General Dynamics Corporation; Harris Corporation; Hewlett-Packard Development Company LP; Honeywell International, Inc.; IBM Corporation; Leidos, Inc.; Lockheed Martin Corporation; Motorola Solutions, Inc.; Northrop Grumman Corporation; Raytheon Company; SAIC Inc.; Thales Group; Unisys Corporation and Others.
Coverage: All major geographies and key segments
Segments: Type (Aviation Security, Maritime Security, Critical Infrastructure security, Cyber Security, CBRN Security, Mass transit Security, Border Security, Other Types)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Homeland Security Market to Reach $467.9 Billion by 2026
Amid the COVID-19 crisis, the global market for Homeland Security estimated at US$342.3 Billion in the year 2020, is projected to reach a revised size of US$467.9 Billion by 2026, growing at a CAGR of 5.2% over the analysis period. Aviation Security, one of the segments analyzed in the report, is projected to record a 6% CAGR and reach US$34.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Maritime Security segment is readjusted to a revised 5.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $108.1 Billion in 2021, While China is Forecast to Reach $82.8 Billion by 2026
The Homeland Security market in the U.S. is estimated at US$108.1 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$82.8 Billion by the year 2026 trailing a CAGR of 4.9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.9% and 4.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.
Critical Infrastructure security Segment to Reach US$106.1 Billion by the year 2026
In the global Critical Infrastructure security segment, USA, Canada, Japan, China and Europe will drive the 5.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$60.5 Billion in the year 2020 will reach a projected size of US$89.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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