US Private Sector Homeland Security Market 2012 Edition
Published: Jul 2012 - Pages: 189 - Report code: ASDR-5075
The US economic downturn has had an adverse effect on the 2009-2010 private sector* homeland security (HLS) market, but despite the capital investment aversion trend, the US private sector demonstrates a strong demand for HLS related products and services. There is a trend towards upgrading of outdated security infrastructure, including cyber security, chemical & HAZMAT industry security, smart grid security, perimeter security, biometric ID, IT systems and workforce & visitors screening systems. Over the next five years, the US private sector HLS market is forecast to grow at a CAGR of 7.7% from $8.6 billion in 2011 to $12.4 billion by 2016.
The new report addresses this multi-billion market overlooked by many. The report is an essential tool for the HLS industry decision makers who are assessing or seeking an in-depth understanding of business opportunities in this market.
US Private Sector HLS Market [$B]
Contrary to what many in the industry believe, the report reveals that:
- The private sector procurement of homeland security related products and services hover at 13-16% of the total US Homeland Security market.
- The US private sector HLS market is larger than the combined federal aviation, maritime and land transportation HLS markets.
- The US private sector controls over 80% of the economy.
The markets are presented from two vantage points:
1.Products and services sectors (e.g., explosives & weapons screening, cyber & IT security, perimeter security).
2.Private sector industries (e.g., chemical and petrochemical industries, banking & finance, defense industrial base, electric power and nuclear industries).
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Homeland Security Research