Homeland Security Market Research Report: Information by System (Weapon System, Communication System, Access Control System, Platforms), by End Use (Aviation Security, Maritime Security, Border Security, Others), & by Region — Forecast till 2027
Homeland security surveillance camera market is poised to acquire a market valuation of approximately USD 10 Billion by 2023, at 7% of CAGR between 2017 and 2023.
Key Market Players
The major market players identified by MRFR in the homeland security surveillance camera market are – General Dynamics Corporation (U.S.), Robert Bosch Gmbh (German), Moog Inc. (U.S.), Honeywell International Inc. (U.S), Baxall Construction Ltd (U.K.), Netvu Ltd (U.K.), Controp Precision Technologies Ltd. (Israel), Mitsubishi Electric Corporation (Japan), Vicon Industries, Inc. (U.S.), Panasonic Corporation (Japan), among others.
Drivers and Restraints
The rising concern for securing homeland from foreign invasions, terrorist attacks, and natural calamities is fueling the market. The installation of surveillance cameras to diminish crime is an efficient usage of limited resources, especially with states struggling with soaring budget deficits. These cameras are mainly used by several government agencies for crime prevention, gathering intelligence, for investigation of crimes and foreign attacks and the security of people and infrastructure. The major driving factors of homeland security surveillance camera market are the concern of the citizens living in the country and protecting the homeland from external attacks.
The homeland security surveillance camera market can be segmented based on the application, camera type, and region. The types of cameras available in the market are audio and video camera, integrated video surveillance camera, infrared camera, and internet protocol (IP) camera. The quality of internet protocol camera is relatively better and has a higher detection rate. The increase in quality between standard-definition IP cameras and analog cameras recorded by a digital video recorder is minimum. Moreover, the IP camera comparatively supports almost all mainstream DVRs and has become hybrid systems supporting a wide variety of IP cameras.
On the basis of region, the homeland security surveillance camera market in Europe, Asia Pacific, North America, and the rest of the world.
the Americas (including North America and Latin America) account for the most significant market share of the global homeland security surveillance camera market, owing to the presence of active defense organizations with the rapid adoption of the most modern surveillance technology. The U.S. government, the most developed country in the region, has an emphasis and funding for border maintenance and infrastructural security. owing to the region’s pressing implementation of the latest surveillance technology, major market players in the region are continually developing advanced surveillance equipment for government agencies. These factors are projected to contribute towards the revenue generation of the North American homeland security surveillance camera market over the review period.
The Asia-Pacific one of the major regions in the global market and is expected to witness substantial growth over the assessment period. This is attributed to the augmented government expenditure on surveillance equipment and the rising awareness among government law enforcement agencies, which have risen demand for advanced security cameras in the region. Rapid urbanization and the increasing rates of crimes, terrorist activities, and threats are some of the influential driving factors that are expected to have a notable impact on the growth of the market in the Asia Pacific over the review period.
Sept 2019 – Delta Airlines, a major market player in the aviation industry, commenced the usage of facial recognition cameras for severe security measures at Los Angeles Airport (LAX) boarding gates with evolving plans to expand the usage across the airport.
Aug 2019 – Hanwha Techwin, a global manufacturer of security cameras and surveillance solutions, launched its New Multi-Directional Cameras at a global security convention in the US.
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