Washington, DC (PressExposure) July 01, 2010 -- A new report released today by Homeland Security Research Corporation (HSRC) on the US Homeland Security-Homeland Defense (HLS-HLD) market, sheds new light on many HLS-HLD market misconceptions.
For example: * While the DHS has a key role in homeland security, it does not dominate the HLS-HLD market. The combined FY 2009 state and local markets, which employ more than 2.2 million first responders, totaled $15.8 billion, whereas the DHS HLS market totaled $13.1 billion. * The aviation security sector enjoys much greater importance in the public image than in actual dollars and cents. While certainly important, it represents only 4.7% of the market, is much smaller than other industry sectors (i.e., information technology, which represents 23% of the market) and is forecast to remain relatively flat from 2012 onward. * After declining from $11.5 billion in 2009 to $8.5 billion in 2010, the private sector HLS market is forecast to rebound to $11.1 billion by 2014. * The US HLS-HLD market (which includes federal, state and local governments, the intelligence community counter-terror and the private sector markets) is larger and is growing faster than many realize. HSRC forecasts it to grow from $69 billion in 2010 to $85 billion by 2014. The HLS sector's $50.9 billion dominated the 2009 market, followed by the HLD sector's $13.9 billion and the intelligence community counter-terror's $6.2 billion (est.). * In the market that is forecast to grow at an average rate of 5.1%, the fastest growing sub-markets, enjoying double-digit CAGR, are forecasted to be RFID and biometric based HLS systems, standoff explosives detection systems and HLS-HLD related cyber-security.
The US Homeland Security & Homeland Defense (HLS-HLD) Markets - 2010-2014 report is the result of more than a year of exhaustive research and analysis of thousands of federal, state, local and industry documentation, as well as hundreds of interviews with federal, state and HLS industry decision-makers. The report's granular analysis offers funding and market forecasts for more than 460 sub-markets.
With more than 890 pages, 425 tables, 470 figures, including state-specific contact information, this report provides essential market intelligence on approximately 40% of the global HLS-HLD market.
For more Homeland Security Market Research reports, please visit: http://www.homelandsecurityresearch.com