South America Homeland Security Market

Historic Data: 2020-2021   |   Base Year: 2022   |   Forecast Period: 2023-2028

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)


No. of Pages: 154    |    Report Code: BMIRE00027351    |    Category: Aerospace and Defense

South America Homeland Security Market
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The homeland security market in South America is expected to grow from US$ 3,318.80 million in 2022 to US$ 3,903.23 million by 2028. It is estimated to grow at a CAGR of 2.7% from 2022 to 2028. 

Rise in Strategic Initiatives by Market Players

Homeland security plays a crucial role in ensuring the safety of both the private and public sectors of nations. Thus, the rise in spending by state and regional government bodies to procure and indicate security solutions is influencing the SAM homeland security market players to undertake various strategic initiatives such as new product development, strategic partnerships, and mergers & acquisitions. Major players operating in the market include Elbit Systems, General Dynamics, IBM Corp, Lockheed Martin Corporation, Northrop Grumman Corporation, and Thales Group. Some of the strategic initiatives are as follows:
• IBM Corp. has engaged itself in the acquisition of various cyber security and threat detection solution providers to enhance its product portfolio. In November 2021, the company acquired ReaQta to integrate its automated technology for identifying and managing threats. Similarly, in June 2022, the company acquired Randori, which provides attack surface management and offensive cyber security solutions.
•In July 2022, Thales Group acquired ONEWELCOME to enhance its cyber security product portfolio. ONEWELCOME offers one of the prominent customer identity and access management solutions to both public and private players. 
Thus, the rise in strategic initiatives taken by market players is enhancing the product portfolio offered. These factors are expected to further augment the growth of the South America homeland security market over the forecast period

Market Overview

Brazil and rest of South America are the key contributors to the homeland security market in the South America. Rise in urbanization and several large-scale government efforts in South American countries are propelling the region's smart security in the South America homeland security market forward. Most South American countries, including Brazil and Argentina, are affected by severe issues such as traffic, contamination, high crime rates, government inefficiencies, and a lack of transparency. All these considerations call for improved and more effective security architecture. Border security measures are critical in South America because most nations are experiencing migration crises, and some are afflicted by illegal crossings and armed conflicts connected to Venezuela's instability. In this region, transnational crime, including drug trafficking and smuggling, is common. Government officials require effective security technologies to speed up identification processes, improve decision-making, and battle hostile people within their borders. Innovative and sustainable border security products have seen rapid growth in recent years, owing to the pandemic and stricter border controls. For instance, in February 2022, Customs and Border Protection (CBP) in the US announced the inauguration of a comprehensive Global Entry agreement with the Government of Brazil. Drug trafficking, human trafficking, cyber-attacks, riot, and the threat of terrorists and other illegal activities have occurred in countries such as Brazil, Venezuela, Chile, Peru, and Argentina in the past couple of years, with local economic crises and political instability in the countries being the primary causes. Homeland security agencies play a significant part in the country to control of such activities because they can be utilized as a less harmful alternative to firearms to lessen the risk of public injury or in instances when some force is required. Such scenarios are propelling the adoption of homeland security across South America by law enforcement agencies, thereby contributing to the growth of the South America homeland security market.

South America Homeland Security Market Revenue and Forecast to 2028 (US$ Million)

South America Homeland Security Market Revenue and Forecast to 2028 (US$ Million)
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South America Homeland Security Strategic Insights

Strategic insights for the South America Homeland Security provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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South America Homeland Security Report Scope

Report Attribute Details
Market size in 2022 US$ 3,318.80 Million
Market Size by 2028 US$ 3,903.23 Million
Global CAGR (2022 - 2028) 2.7%
Historical Data 2020-2021
Forecast period 2023-2028
Segments Covered By End User
  • Public Security and Private Security
By Security Type
  • Border Security
  • Mass Transit Security
  • Cyber Security
  • Critical Infrastructure Security
  • Aviation Security
  • Maritime Security
Regions and Countries Covered South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Market leaders and key company profiles
  • 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.
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    South America Homeland Security Regional Insights

    The geographic scope of the South America Homeland Security refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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    South America Homeland Security Market Segmentation 

    The South America 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 Brazil and rest of South America. Brazil 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.

    The List of Companies - South America Homeland Security Market

    1. Elbit Systems Ltd.
    2. IBM Corporation.
    3. LOCKHEED MARTIN Corporation.
    4. Leidos.
    5. Thales Group.
    6. Teledyne FLIR LLC.
    7. NORTHROP GRUMMAN Corporation.
    8. RAYTHEON TECHNOLOGIES Corporation.
    9. TEXTRON Systems.
    10. General Dynamic Information Technology.
    Frequently Asked Questions
    How big is the South America Homeland Security Market?

    The South America Homeland Security Market is valued at US$ 3,318.80 Million in 2022, it is projected to reach US$ 3,903.23 Million by 2028.

    What is the CAGR for South America Homeland Security Market by (2022 - 2028)?

    As per our report South America Homeland Security Market, the market size is valued at US$ 3,318.80 Million in 2022, projecting it to reach US$ 3,903.23 Million by 2028. This translates to a CAGR of approximately 2.7% during the forecast period.

    What segments are covered in this report?

    The South America Homeland Security Market report typically cover these key segments-

    • End User (Public Security and Private Security)
    • Security Type (Border Security, Mass Transit Security, Cyber Security, Critical Infrastructure Security, Aviation Security, Maritime Security)

    What is the historic period, base year, and forecast period taken for South America Homeland Security Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Homeland Security Market report:

  • Historic Period : 2020-2021
  • Base Year : 2022
  • Forecast Period : 2023-2028
  • Who are the major players in South America Homeland Security Market?

    The South America Homeland Security Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • 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.
  • Who should buy this report?

    The South America Homeland Security Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the South America Homeland Security Market value chain can benefit from the information contained in a comprehensive market report.

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