The report recognizes the following companies as the key players in the Global Homeland Security Market: BAE Systems Inc., General Dynamics Corp., Lockheed Martin Corp., Northrop Grumman Corp. and Raytheon Co
Other Prominent Vendors in the market are: Accenture, AeroVironment, Boeing, Booz Allen Hamilton, Bruker, DRS Technologies, Elbit Systems, General Atomics Aeronautical Systems, GE Aviation, IBM, L-3 Communications, Safran, Textron Marine and Land Systems, Thales Group and Unisys.
The report said: “An increased focus on public safety and security is one major trend in this market. With the rise in terrorist attacks, the need for public safety and security is becoming a prime concern globally. Homeland security systems are required to detect weapons, bombs, or any other machine that could harm a person or a place. Therefore, the growing need for public safety and security is accelerating the growth of the Global Homeland Security market.”
According to the report, one of the major drivers of the market is the need for a quick response to catastrophic attacks. With an increase in terrorism, law enforcement agents are expected to look proactively for a suspect, act quickly to rescue victims in case of an attack, and take precautionary safety measures.
Further, the report states that one major challenge in the market is discrepancies in government regulations. Increasing disparities in government regulations in overseeing and testing new technologies is directly affecting the growth of the Global Homeland Security market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Source: ASDReports - Market Research
Date: Apr 14, 2015