The homeland security market in Asia Pacific is expected to grow from US$ 46,148.69 million in 2022 to US$ 73,390.85 million by 2028. It is estimated to grow at a CAGR of 8.0% from 2022 to 2028.
Rise in Strategic Initiatives by Market Players
Homeland security plays a crucial role in ensuring the safety of both the private and public sectors of nations. Thus, the rise in spending by state and regional government bodies to procure and indicate security solutions is influencing the Asia Pacific homeland security market players to undertake various strategic initiatives such as new product development, strategic partnerships, and mergers & acquisitions. Major players operating in the market include Elbit Systems, General Dynamics, IBM Corp, Lockheed Martin Corporation, Northrop Grumman Corporation, and Thales Group. Some of the strategic initiatives are as follows:
• IBM Corp. has engaged itself in the acquisition of various cyber security and threat detection solution providers to enhance its product portfolio. In November 2021, the company acquired ReaQta to integrate its automated technology for identifying and managing threats. Similarly, in June 2022, the company acquired Randori, which provides attack surface management and offensive cyber security solutions.
• In July 2022, Thales Group acquired ONEWELCOME to enhance its cyber security product portfolio. ONEWELCOME offers one of the prominent customer identity and access management solutions to both public and private players.
Thus, the rise in strategic initiatives taken by market players is enhancing the product portfolio offered. These factors are expected to further augment the growth of the Asia Pacific homeland security market over the forecast period.
Market Overview
Australia, China, India, Japan, South Korea, and rest of Asia Pacific are the key contributors to the homeland security market in the Asia Pacific. Asian countries are investing a lot of money in homeland security. With the Asian region's substantial expenditure on homeland security, particularly in India, Asian Countries are offering India's own Homeland Security expo, which will be essential in delivering the most recent and innovative equipment, technology, and goods for homeland and public security. Senior officers from the Ministry of Home Affairs, the Ministry of Defence, police forces, civil defense forces, industrial security authorities, public security officers, and other industry players will be present at the Homeland Security Expo. Such initiative by Asia Pacific countries on securing their own country from threat is driving the growth of homeland security market. Further, in July 2022, Elbit Systems Ltd.—an Israeli company that develops products for homeland security and commercial aviation was awarded a US$ 80 million contract to supply direct infrared countermeasure systems to a country in Asia Pacific. Elbit Systems would provide C-MUSIC DIRCM systems, as well as Infrared-based Passive Airborne Warning Systems (IR-PAWS), for several aircraft types. Such contracts are propelling the growth of the APAC homeland security market in Asia Pacific. Further, in January 2022, a Memorandum of Understanding was signed by three organizations—Cyber Security Malaysia (CSM), a government organization that provides specialized cyber security services; clecticIQ, a leading worldwide threat intelligence, hunting, and response technology provider; and Synt Malaysian cyber security. The three organizations have committed to engaging in various activities to enhance Malaysia's and Southeast Asia's cyber security posture to resist escalating threats. The important goal is to increase the use of cyber threat intelligence (CTI), a component of cyber security that focuses on gathering and analysing data regarding ongoing and potential attacks. The rising strategic initiatives and investments in the development of cyber security would propel the growth of the APAC homeland security market in the Asia Pacific region.
Asia Pacific Homeland Security Market Segmentation
The Asia Pacific homeland security market is segmented into end user, security type, and country.
Based on end user, the market is bifurcated into public security and private security. The public security segment registered the larger market share in 2022.
Based on security type, the market is segmented into border security, mass transit security, cyber security, critical infrastructure security, aviation security, maritime security, and others. The cyber security segment held the largest market share in 2022.
Based on country, the market is segmented into Australia, China, India, Japan, South Korea, and rest of APAC. China dominated the market share in 2022.
Elbit Systems Ltd; IBM Corporation; Lockheed Martin Corporation; Leidos; Thales Group; Teledyne FLIR LLC; Northrop Grumman Corporation; Raytheon Technologies Corporation; Textron Systems; and General Dynamic Information Technology, Inc. are the leading companies operating in the homeland security market in the region.
The List of Companies - APAC Homeland Security Market
● Elbit Systems Ltd.
● IBM Corporation
● Lockheed Martin Corporation
● Leidos
● Thales Group
● Teledyne FLIR LLC
● Northrop Grumman Corporation
● Raytheon Technologies Corporation
● Textron Systems
● General Dynamic Information Technology, Inc.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC Homeland Security Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to New Entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. APAC Homeland Security Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rise in Severe Cyberattacks
5.1.2 Increase in Number of Airports and Passenger Traffic
5.2 Key Market Restraints
5.2.1 Lack of Central Governing Body for Homeland Security Across Countries
5.3 Key Market Opportunities
5.3.1 Rise in Strategic Initiatives by Market Players
5.4 Future Trends
5.4.1 Rise in Procurement of Various Security Solutions and Services
5.5 Impact Analysis of Drivers and Restraints
6. Homeland Security Market – APAC Market Analysis
6.1 APAC Homeland Security Market Overview
6.2 APAC Homeland Security Market Forecast and Analysis
7. APAC Homeland Security Market Analysis – by End User
7.1 Overview
7.2 APAC Homeland Security Market Breakdown, by End User, 2021 and 2028
7.3 Public Sector
7.3.1 Overview
7.3.2 Public Sector: Homeland Security Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Private Sector
7.4.1 Overview
7.4.2 Private Sector: Homeland Security Market – Revenue and Forecast to 2028 (US$ Million)
8. APAC Homeland Security Market Analysis – by Security Type
8.1 Overview
8.2 APAC Homeland Security Market Breakdown, by Security Type, 2021 and 2028
8.3 Border Security
8.3.1 Overview
8.3.2 Border Security: Homeland Security Market– Revenue and Forecast to 2028 (US$ Million)
8.4 Mass Transit Security
8.4.1 Overview
8.4.2 Mass Transit Security: Homeland Security Market– Revenue and Forecast to 2028 (US$ Million)
8.5 Cyber Security
8.5.1 Overview
8.5.2 Cyber Security: Homeland Security Market– Revenue and Forecast to 2028 (US$ Million)
8.6 Critical Infrastructure Security
8.6.1 Overview
8.6.2 Critical Infrastructure Security: Homeland Security Market– Revenue and Forecast to 2028 (US$ Million)
8.7 Aviation Security
8.7.1 Overview
8.7.1.1 Aviation Security: Homeland Security Market– Revenue and Forecast to 2028 (US$ Million)
8.8 Maritime Security
8.8.1 Overview
8.8.2 Maritime Security: Homeland Security Market– Revenue and Forecast to 2028 (US$ Million)
8.9 Others
8.9.1 Overview
8.9.2 Others: Homeland Security Market– Revenue and Forecast to 2028 (US$ Million)
9. APAC Homeland Security Market – Country Analysis
9.1 Overview
9.1.1 APAC: Homeland Security Market, by Key Country
9.1.1.1 Australia: Homeland Security Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Australia: Homeland Security Market, by End User
9.1.1.1.2 Australia: Homeland Security Market, by Service Type
9.1.1.2 China: Homeland Security Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 China: Homeland Security Market, by End User
9.1.1.2.2 China: Homeland Security Market, by Service Type
9.1.1.3 India: Homeland Security Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 India: Homeland Security Market, by End User
9.1.1.3.2 India: Homeland Security Market, by Service Type
9.1.1.4 Japan: Homeland Security Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Japan: Homeland Security Market, by End User
9.1.1.4.2 Japan: Homeland Security Market, by Service Type
9.1.1.5 South Korea: Homeland Security Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 South Korea: Homeland Security Market, by End User
9.1.1.5.2 South Korea: Homeland Security Market, by Service Type
9.1.1.6 Rest of APAC: Homeland Security Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of APAC: Homeland Security Market, by End User
9.1.1.6.2 Rest of APAC: Homeland Security Market, by Service Type
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 New Product Development
11. Company Profiles
11.1 Elbit Systems Ltd.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 IBM Corporation
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Lockheed Martin Corporation
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Leidos
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Thales Group
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Teledyne FLIR LLC
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 SWOT Analysis
11.6.5 Key Developments
11.7 Northrop Grumman Corporation
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Raytheon Technologies Corporation
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Textron Systems
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 General Dynamics Information Technology, Inc.
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES.
Table 1. APAC Homeland Security Market, Revenue and Forecast, 2020–2028 (US$ Million)
Table 2. Australia: Homeland Security Market, by End User– Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia: Homeland Security Market, by Service Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. China: Homeland Security Market, by End User– Revenue and Forecast to 2028 (US$ Million)
Table 5. China: Homeland Security Market, by Service Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. India: Homeland Security Market, by End User– Revenue and Forecast to 2028 (US$ Million)
Table 7. India: Homeland Security Market, by Service Type– Revenue and Forecast to 2028 (US$ Million)
Table 8. Japan: Homeland Security Market, by End User– Revenue and Forecast to 2028 (US$ Million)
Table 9. Japan: Homeland Security Market, by Service Type– Revenue and Forecast to 2028 (US$ Million)
Table 10. South Korea: Homeland Security Market, by End User– Revenue and Forecast to 2028 (US$ Million)
Table 11. South Korea: Homeland Security Market, by Service Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of APAC: Homeland Security Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of APAC: Homeland Security Market, by Service Type– Revenue and Forecast to 2028 (US$ Million)
Table 14. List of Abbreviation
