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Homeland Security Market Share

Report ID: GMI6545
Published Date: Jun 2024
Report Format: PDF

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Homeland security Market Share

Lockheed Martin and Northrop Grumman hold a significant share of over 10% in the homeland security industry. Lockheed Martin Corporation is a diverse company, which provides aerospace products including aircraft, space launchers, satellites, defense systems, and other cutting-edge technology systems and services. The National Aeronautics and Space Administration (NASA), the U.S. Department of Energy, and the U.S. Department of Defense have long-term contracts with the company. The company builds military and commercial aircraft in addition to modernizing, modifying, and refurbishing older models.

Northrop Grumman is a specialized manufacturer of electronics, information technology, defense and commercial aerospace products and services. The U.S. Air Force uses the company as a prime contractor to maintain its fleet of B-2 stealth bombers. Additionally, it serves as the lead contractor for the Joint Surveillance Target Attack Radar System (Joint STARS), a cutting-edge aerial target-acquisition and surveillance system that is provided to the US Army and US Air Force.

Homeland security Market Companies

Major players operating in the homeland security industry are:

BAE Systems
Boeing
General Dynamics
Lockheed Martin
Northrop Grumman
Raytheon Technologies
Thales Group

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Market size for homeland security value was USD 545.4 billion in 2022 and will record over 5.5% CAGR between 2023 and 2032.

The private sector segment in the homeland security industry is expected to witness 6% CAGR through 2032, due to adoption of innovation, expertise, and resources to address evolving security challenges and protect assets, personnel, and operations.

North America market is expected to reach USD 323.4 billion by 2032, driven by the rising threat of cyber-attacks, terrorism, and geopolitical conflicts.

BAE Systems, Boeing, General Dynamics, Lockheed Martin, Northrop Grumman, Raytheon Technologies, and Thales Group.