Homeland Security Research Corporation2008-05-20 07:54:38
Report: Border security market to reach $14 billion by 2011
By Josh Martin, Managing Editor
Border security is expected to be one of the top growth markets in the homeland security sector in terms of expenditure over the next four years, reaching $13.98 billion by end of 2011, representing a compound annual growth rate of 19.5 percent.
The forecast was presented in Homeland Security Research Corp. (HSRC)'s newly-released research report, 2007-2011 U.S. Homeland Security (Government & Private Sectors) Market Outlook.
HSRC found that demand is composed of both government and private sectors, with the majority of the growth coming from the federal government.
U.S. border and perimeter protection was one of 19 major homeland security industry sectors analyzed and forecasted by HSRC.
Other defined sectors include airport security, information technology, cyber terror, port security, maritime security perimeter protection, explosives detection, nuclear portals, biometrics, MANPAD security, RFID and electronic hardware as well as service & maintenance
According to HSRC analysts, each of those sectors represents over $8.5 billion business revenues and could enjoy market growth of over 100% over the next 5 years.
Revenues for the top 10 homeland security industry sectors are forecasted to grow by 60 percent to 400 percent during 2007-2011.
HSRC analysts forecast that the highest growth rates will be found in RFID systems, nuclear screening portals, communications interoperability and bio-chem agents' detection and mitigation.
Each of the sectors is subject to unique and complex market dynamics, presenting significant business opportunities, the report's authors noted.
By Josh Martin, Managing Editor
Border security is expected to be one of the top growth markets in the homeland security sector in terms of expenditure over the next four years, reaching $13.98 billion by end of 2011, representing a compound annual growth rate of 19.5 percent.
The forecast was presented in Homeland Security Research Corp. (HSRC)'s newly-released research report, 2007-2011 U.S. Homeland Security (Government & Private Sectors) Market Outlook.
HSRC found that demand is composed of both government and private sectors, with the majority of the growth coming from the federal government.
U.S. border and perimeter protection was one of 19 major homeland security industry sectors analyzed and forecasted by HSRC.
Other defined sectors include airport security, information technology, cyber terror, port security, maritime security perimeter protection, explosives detection, nuclear portals, biometrics, MANPAD security, RFID and electronic hardware as well as service & maintenance
According to HSRC analysts, each of those sectors represents over $8.5 billion business revenues and could enjoy market growth of over 100% over the next 5 years.
Revenues for the top 10 homeland security industry sectors are forecasted to grow by 60 percent to 400 percent during 2007-2011.
HSRC analysts forecast that the highest growth rates will be found in RFID systems, nuclear screening portals, communications interoperability and bio-chem agents' detection and mitigation.
Each of the sectors is subject to unique and complex market dynamics, presenting significant business opportunities, the report's authors noted.
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