Forecasted HLS Middle East Market
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Emergence and development in robotics, biotechnology and nanotechnology will significantly impact the homeland security market in the forthcoming years, empassing border security for land, air, sea, critical infrastructure protection, cyber security and transportation security.
According to a Trends Market Research report, HLS market in the Middle East will grow at a CAGR of 14.6% during 2016-2022.
Economic diversification and regional events are driving growth in this market. The market is expected to grow due to investments in multiple projects and recent developments such as the Dubai Expo 2020 in the United Arab Emirates and the 2022 FIFA World Cup in Qatar and Midfield Terminal Project in Abu Dhabi.
Technology advancements, economic growth and investments in infrastructure development in the region are driving the market.
The report refers to the following market segments: Cybersecurity, Emergency Response, Mass Transit, Transportation Security, CBRN Security and CIP (critical infrastructure protection).
Saudi Arabia has the largest market share in the Middle East Homeland Security Market.
The prominent players in the market are Lockheed Martin Corp., BAE Systems Inc., General Dynamics Corp., Northrop Grumman Corp. and Raytheon Co, according to trendsmarketresearch.com.
