Europe Homeland Security Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By End User (Public Security and Private Security) and Security Type (Border Security, Mass Transit Security, Cyber Security, Critical Infrastructure Security, Aviation Security, Maritime Security, and Others)
The homeland security market in Europe is expected to grow from US$ 54,901.44 million in 2022 to US$ 82,121.60 million by 2028. It is estimated to grow at a CAGR of 6.9% from 2022 to 2028.
Rise in Severe Cyberattacks
Several nations have experienced a rise in cyber-attacks over the years. The adoption of digitalization across all industries and commercial sectors across the region has resulted in organizations adopting cloud storage solutions, which have led to the easy availability of important business documents on the internet. This has influenced the rise in cyber-attacks across the region. Some of the recent cyber-attacks that led to huge losses faced by organization are below:
• In May 2021, Ireland's Health Service Executive (HSE) department faced a ransomware cyber-attack for US$ 20 million. The attack led to the cancellation of all outpatient appointments and the mismanagement of patients across hospitals. The health sector had to temporarily shut down its IT systems to prevent further damage.
The rise in cyberattacks is putting various important documents of private and public enterprises at risk. The loss of such information to illegal hacking groups is imposing severe losses on the enterprises and impacting the nations' economies. Thus, the rise in cyber-attacks across the region is influencing both public and private sectors to invest in the integration of advanced cyber security solutions. These factors are thereby driving the Europe homeland security market.
Market Overview
France, Germany, Italy, the UK, Russia, and rest of Europe are the key contributors to the homeland security market in the Europe. Several European countries experienced a significant rise in security expenses for a country over the past century, which is propelling the adoption of modernized equipment, including advanced coastal surveillance systems, sensor systems, command and control systems, land vehicles, manned and unmanned systems, and surveillance systems. In addition, terrorist attacks on the US and attacks on European countries such as the UK and Spain prompted both sides of the Atlantic to reinvigorate their respective efforts to ensure homeland security and combat terrorism. However, the US and European approaches to these issues differ. The US has embarked on an extensive reorganization of its domestic security and border protection institutions. Moreover, European countries have preferred to work within their existing institutional architectures to combat terrorism and respond to other security challenges and disasters, both natural and man-made. For instance, in July 2021, the French Ministry of the Interior selected four companies to create the administration system for its digital identity scheme—Sopra Steria, Atos, and collaboration between Idemia and Idakto. Sopra Steria was awarded the contract to provide architecture, security, and user experience management services. Atos will oversee developing and maintaining the Digital Identity Management System and the applications that allow French citizens to identify themselves for public services through the France Connect site. The collaboration between Idemia and Idakto will provide software for reading information from electronic identification documents, which will serve as the foundation for digital identity. These include new electronic ID cards, residency permits, and passports. Moreover, in October 2021, Leonardo signed a framework agreement with the German Federal Office of Bundeswehr Equipment, Information Technology, and In-Service Support (BAAINBw) for the supply of up to 107,929 daylight optics for use on both current and new Bundeswehr assault rifles through its subsidiary Leonardo Germany GmbH. Further, in May 2022, the European Union awarded Leonardo a five-year contract to offer cyber-security services to the homeland security agency in charge of large-scale information-technology projects crucial to the bloc's internal security.
Europe Homeland Security Market Revenue and Forecast to 2028 (US$ Million)
The Europe 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 France, Germany, Italy, UK, Russia, and rest of Europe. Russia 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.
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. Europe 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. Europe 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 – Europe Market Analysis
6.1 Europe Homeland Security Market Forecast and Analysis
7. Europe Homeland Security Market Analysis – by End User
7.1 Overview
7.2 Europe 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. Europe Homeland Security Market Analysis – by Security Type
8.1 Overview
8.2 Europe 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. Europe Homeland Security Market – Country Analysis
9.1 Overview
9.1.2 Europe: Homeland Security Market, by Key Country
9.1.2.1 Germany: Homeland Security Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.1.1 Germany: Homeland Security Market, by End User
9.1.2.1.2 Germany: Homeland Security Market, by Service Type
9.1.2.2 France: Homeland Security Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.2.1 France: Homeland Security Market, by End User
9.1.2.2.2 France: Homeland Security Market, by Service Type
9.1.2.3 Italy: Homeland Security Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.3.1 Italy: Homeland Security Market, by End User
9.1.2.3.2 Italy: Homeland Security Market, by Service Type
9.1.2.4 UK: Homeland Security Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.4.1 UK: Homeland Security Market, by End User
9.1.2.4.2 UK: Homeland Security Market, by Service Type
9.1.2.5 Russia: Homeland Security Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.5.1 Russia: Homeland Security Market, by End User
9.1.2.5.2 Russia: Homeland Security Market, by Service Type
9.1.2.6 Rest of Europe: Homeland Security Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.6.1 Rest of Europe: Homeland Security Market, by End User
9.1.2.6.2 The Rest of Europe Rest of Europe: 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 Financial Overview
11.6.5 SWOT Analysis
11.6.6 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. Europe Homeland Security Market, Revenue and Forecast, 2020–2028 (US$ Million)
Table 2. Germany: Homeland Security Market, by End User– Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany: Homeland Security Market, by Service Type– Revenue and Forecast to 2028 (US$ Million)
Table 4. France: Homeland Security Market, by End User– Revenue and Forecast to 2028 (US$ Million)
Table 5. France: Homeland Security Market, by Service Type– Revenue and Forecast to 2028 (US$ Million)
Table 6. Italy: Homeland Security Market, by End User– Revenue and Forecast to 2028 (US$ Million)
Table 7. Italy: Homeland Security Market, by Service Type– Revenue and Forecast to 2028 (US$ Million)
Table 8. UK: Homeland Security Market, by End User– Revenue and Forecast to 2028 (US$ Million)
Table 9. UK: Homeland Security Market, by Service Type– Revenue and Forecast to 2028 (US$ Million)
Table 10. Russia: Homeland Security Market, by End User– Revenue and Forecast to 2028 (US$ Million)
Table 11. Russia: Homeland Security Market, by Service Type– Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of Europe: Homeland Security Market, by End User– Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of Europe: Homeland Security Market, by Service Type– Revenue and Forecast to 2028 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Homeland Security Market Segmentation
Figure 2. Europe Homeland Security Market Segmentation – Country
Figure 3. Europe Homeland Security Market Overview
Figure 4. Europe Homeland Security Market, By End User
Figure 5. Europe Homeland Security Market, By Security Type
Figure 6. Europe Homeland Security Market, By Country
Figure 7. Europe Porter’s Five Forces Analysis
Figure 8. Europe Homeland Security Market Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. Europe Homeland Security Market: Impact Analysis of Drivers and Restraints
Figure 11. Europe Homeland Security Market, Forecast and Analysis (US$ Million)
Figure 12. Europe Homeland Security Market Revenue Share, by End User (2021 and 2028)
Figure 13. Europe Public Sector: Homeland Security Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Europe Private Sector: Homeland Security Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Europe Homeland Security Market Revenue Share, by Security Type (2021 and 2028)
Figure 16. Europe Border Security: Homeland Security Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Europe Mass Transit Security: Homeland Security Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Europe Cyber Security: Homeland Security Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Europe Critical Infrastructure Security: Homeland Security Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Europe Aviation Security: Homeland Security Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Europe Maritime Security: Homeland Security Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Europe Others: Homeland Security Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Europe: Homeland Security Market Revenue Share, by Key Country- Revenue (2021) (US$ Million)
Figure 24. Europe: Homeland Security Market Revenue Share, by Key Country (2021 and 2028)
Figure 25. Germany: Homeland Security Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. France: Homeland Security Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Italy: Homeland Security Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. UK: Homeland Security Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Russia: Homeland Security Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Rest of Europe: Homeland Security Market – Revenue and Forecast to 2028 (US$ Million)
- 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.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe homeland security market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Europe homeland security market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the homeland security market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution