Market Surge: 2015–2020 CAGR 13.4%. Four Times the 2000-2015 CAGR. 54 Submarkets

In light of the March 2016 terror carnage in Brussels airport and subway station, it proved that the past security measures are simply not working; a major overhaul of Belgium’s internal security infrastructure and funding is already in progress. This report forecasts a 2015-2020 market CAGR of 13.4%, four times the country 2000-2015 CAGR.

The two-volume (+ one*) report: "Belgium Homeland Security & Public Safety Market – 2017-2022" is the most comprehensive review of the Belgian Homeland Security & Public Safety market available today. It provides a detailed and reasoned roadmap of this growing market.

The report covers both the Belgian Homeland Security & Public Safety markets since in most cases, products and services have dual or triple use applications and present the same business opportunities (e.g., police equipment is used for three sectors: counter terror, counter crime and illegal immigration).

This report is published as one of our "Europe’s Terror & Migration Crisis Series" reports (concurrently with 9 other published and a dozen pipeline reports to be published soon).

Belgium Counter Terror & Public Safety Market is boosted by the following drivers:

  • The complexity, planning and carnage of the Brussels terror attacks shook the Belgian government and public. The March 2016 Brussels bombings and the November 2015 Paris carnage have made it plain that the scale of the threat posed by the Islamic State to Belgium is far larger than most Belgians had previously thought. That threat is no longer limited to the radicalization of the approximately 450 Belgian citizens who left Belgium to fight alongside the Islamic State in Syria and Iraq.
  • Belgian authorities assert that as of early 2015, about 380 Belgians have tried to leave in order to fight in Syria and Iraq and that 330 have succeeded in doing so; official sources also estimate that 180 individuals from Belgium are in the region or en route.
  • ISIS terror threats coupled with the surge in entry of migrants are alarming and show no signs of declining. Present measures are simply not working; a complete Belgium-wide overhaul of the internal security strategy is essential.
  • 2016 will probably be remembered as a watershed year for Belgium’s internal security market, with a number of different developments converging to mark a major turning point.
  • The Belgian police forces are ill-equipped to encounter 21st century terrorists who use cutting-edge communication means, conduct exceptional pre-attack intelligence, and have been trained by ISIS on how to plan and conduct modern day guerrilla warfare using modern weapons.
  • The Belgian market for security and safety products are served by EU defense and security companies. Even with a preference for EU manufactured products, foreign products can usually strongly compete on the basis of price and performance. They do not encounter any direct trade barriers or quotas. Non-tariff, indirect trade barriers may be the approval process of dual-use goods, which include many security market products.