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The global homeland security and emergency management market is likely to gain momentum from the rising utilization of cloud-based services and applications. Besides, the outdated equipment and infrastructure are being upgraded persistently. This information is published by Fortune Business Insights™ in a recent study, titled, “Homeland Security and Emergency Management Market Size, Share and Industry Analysis, By System (Modeling And Simulation, Communication System, Rescue And Recovery Systems, Intelligence And Surveillance System, Detection And Monitoring System, Weapon System, Command And Control, And Others), By End-Use (Cyber Security, CBRNE Security, Aviation Security, Maritime Security, Law Enforcement and Intelligence Gathering, Critical Infrastructure Security, Risk and Emergency Services, and Border Security), and Regional Forecast, 2020-2027” The study further mentions that the homeland security and emergency management market size was USD 549.40 billion in 2019 and is projected to reach USD 777.0 billion by 2027, thereby exhibiting a CAGR of 4.43% during the forecast period.

Worldwide COVID-19 Impact Analysis:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. Some industries are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

This Report Answers the Following Questions:

• What are the homeland security and emergency management market trends, growth drivers, and hindrances?
• How will the market be affected in the near future?
• Which vital strategies are implemented by key companies to boost sales?
• Which region is likely to remain in the dominant position in terms of revenue?
• Which segment would lead the market by generating the largest share?

Market Driver:

High Demand for Situational Awareness to Propel Growth

There is a high demand for situational awareness as it is capable of analyzing and identifying complex data regarding the battlefield scenarios. It is very helpful for decision-makers and hence, a significant factor in land, naval, and air-based operations. Cutting-edge technologies also provide maritime, ground, and air solutions with unique command, control, communication, computers, combat, intelligence, surveillance, and reconnaissance (C5ISR) services for providing access to the real-time database. However, in the field of cybersecurity, lack of proactive measures may obstruct this market growth in the coming years.

Segmentation:

Rising Usage in Military System to Favor Growth of Detection and Monitoring System Segment

In terms of system, the market is divided into intelligence and surveillance system, modeling and simulation, command and control, rescue and recovery systems, weapon system, communication system, detection and monitoring system, and others. Out of these, the detection and monitoring system segment held 25.87% homeland security and emergency management market share in 2019. This growth is attributable to their increasing usage in various military equipment and systems.

Regional Analysis:

Upgradation of Conventional Equipment to Favor Growth in North America

Based on geography, the market is fragmented into South America, the Middle East and Africa, Asia Pacific, Europe, and North America. Amongst these, North America procured USD 208.77 billion homeland security & emergency management market revenue in 2019. This growth is attributable to the rising military expenditure and up-gradation of airborne, air, and land systems in the U.S. In addition to that, the country houses several prominent companies, namely, Lockheed Martin Corporation, Raytheon Company, and Northrop Grumman Corporation. It would also contribute to the growth of the market in this region.

Asia Pacific, on the other hand, would remain in the second position owing to the military modernization programs and spendings in the developing countries, such as South Korea, India, and China. Also, the increasing rates of cybercrime and cross-border conflicts would boost growth. Europe is set to hold the third position backed by the presence of many renowned homeland security manufacturers in this region.

List of Key Companies Operating in the Homeland Security and Emergency Management Market are:

• BAE Systems
• CACI International Inc.
• Collins Aerospace
• Elbit Systems Ltd.
• General Dynamics Corporation
• IBM
• L3Harris Technologies Inc.
• Lockheed Martin Corporation
• Northrop Grumman Corporation
• SAAB AB
• Thales Group

Key Companies Aim to Win New Contracts to Strengthen Positions

The companies are following inorganic and organic strategies, such as novel product launches and mergers and acquisitions to intensify competition. They are also trying to get new orders and contracts from reputed firms to deliver their products and gain a competitive edge. Below are a couple of the key industry developments:

Major Industry Developments of the Market include:

• January 2019: General Dynamics Information Technology (GDIT) bagged the Navy Cyber Mission Engineering Support contract from the U.S. Navy’s Space and Naval Warfare Systems Center. The total value of this contract is worth USD 898 million. It consists of one six-month option-to-extend-services option, one two-year option ordering period, and a five-year base ordering period. GDIT will be able to provide innovative solutions catering to the warfighting needs of the Navy and Marine Corps.
• January 2018: Serco Inc. acquired BTP Systems, a technology services contractor for USD 20 million. It would help the former in broadening its defense sector and include new federal consumers.

Browse Detailed Research Insights:

https://www.fortunebusinessinsights.com/homeland-security-and-emergency-management-market-102743

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The global military personal protective equipment market is set to gain impetus from the rising development of lightweight body armor by the defense forces of several countries. The U.S. Army, for instance, developed a new system called Torso and Extremity Protection (TEP) that consists of a blast pelvic protection system, a battle belt, a scalable vest, a modular, and a ballistic combat shirt. This information is given by Fortune Business Insights™ in a recently published report, titled, “Military Personal Protective Equipment (PPE) Market Size, Share and COVID-19 Impact Analysis, By Product Type (Advanced Combat Helmet, Life Safety Jacket, Protective Eyewear, Body Armor, Tactical Vest, and Pelvic Protection System), By Application (Ground, Airborne, and Naval), and Regional Forecast, 2020-2027.” The report further states that the global military personal protective equipment market size was USD 16.61 billion in 2019 and is projected to reach USD 25.63 billion by 2027, thereby exhibiting a CAGR of 6.02% during the forecast period.

The outbreak of the COVID-19 pandemic has shattered the global economy. This has resulted in the shutdown of manufacturing processes across a wide range of industries. Owing to the preventive measures implemented by the governments, such as lockdown and stay-at-home initiatives, we will soon be able to come out of this difficult situation. Out team of highly skilled analysts are striving persistently to deliver the best available strategies that you can follow to intensify competition.

Fortune Business Insights™ lists out the names of all the military personal protective equipment manufacturers operating in the market. They are as follows:

• 3M (The U.S.)
• ArmorSource LLC (The U.S.)
• BAE Systems (The U.K)
• DuPont (The U.S.)
• Eagle Industries (The U.S.)
• GENTEX CORPORATION (The U.S.)
• Honeywell International Inc. (The U.S.)
• KDH Defense Systems, Inc. (The U.S.)
• MSA Safety Incorporated (The U.S.)
• Point Blank Enterprises Inc. (The U.S.)
• Revision Military (The U.S.)

This Report Answers the Following Questions:

• What are the market dynamics, growth drivers, and barriers?
• Which companies are set to generate the largest revenue?
• Which strategies are being followed by key players to surge sales of military PPE kits?
• Which segment is expected to dominate the market in the coming years?
• What are the future market opportunities and challenges?

Drivers & Restraints-

Urgent Need to Provide Better Safety to Soldiers will Accelerate Growth

The defense forces worldwide are looking forward to offering better standards of combat tactical advantage and safety to the soldiers. Coupled with this, the increasing security threats, such as political unrest, terrorist activities, and cross border conflicts, especially in the Asian countries would contribute to the military PPE market growth during the forthcoming years. Prominent companies present in the market are aiming to develop technologically advanced protective eyewear, combat helmets, and fireproof body armors. However, in 2019, it was observed that several countries lowered their defense budgets. In addition to this, the rising number of malfunction issues associated with these military PPE kits may obstruct the market growth.

Segment-

Airborne Segment to Grow Steadily Owing to High Demand for Helmets & Goggles

Based on application, the market is divided into naval, airborne, and ground. Out of these, the airborne segment held 28% in terms of military personal protective equipment market share in 2019. This growth is attributable to the increasing demand for innovative helmets and goggles. The ground segment is anticipated to dominate the market in the near future on account of the extensive utilization of military PPE from ground defense forces.  

Regional Analysis-

North America to Remain at the Forefront Fueled by High Defense Expenditure

Geographically, North America procured USD 4.89 billion revenue in 2019 and is expected to lead the market throughout the forecast period. The main growth driver is the high defense budget of the U.S. In 2019, the U.S. Department of Defense (DoD) spent USD 732 billion in the country’s defense forces. That was the highest expenditure worldwide. Also, the rising investments in research and development activities, upgradation of military forces, and the rising procurement of latest equipment by signing contracts are some of the other factors responsible for the growth of the market in this region.

Asia Pacific, on the other hand, is likely to grow remarkably backed by the rising terrorist attacks and cross-border conflicts. These factors would propel the countries, such as South Korea, Australia, China, and India to strengthen their military forces. Europe would exhibit considerable growth because of the increasing expansion of the military forces in the developed countries, such as Russia, the U.K., and Germany.

Competitive Landscape-

Key Players Focus on Bagging Orders from Defense Forces to Intensify Competition

The companies operating in the market are investing huge sums in the research and development activities to create unique military PPE kits. They are incorporating those with novel technologies, such as sensors, biometrics, and artificial intelligence (AI). Some of the reputed companies are also trying to receive new orders from the defense forces for their in-house products. Below are a couple of the latest industry developments:

• March 2020: The U.S. Department of Defense awarded a contract worth USD 111.1 million to Ceradyne for delivering body protection plates to the U.S. Army and Air Force. These plates are majorly used in the tactical vests of military personnel.

• March 2018: BAE Systems won two contracts from the U.S. Army worth USD 97 million to provide new thermal weapon sights and night vision goggles. These will help soldiers to covertly and efficiently acquire targets in all lighting and weather conditions.

Gain More Insights into the Military PPE Market Research Report:

https://www.fortunebusinessinsights.com/military-personal-protective-equipment-ppe-market-103131

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Contact Us:

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The global ultrasonic testing market size is projected to reach USD 3,671.9 million by 2027, exhibiting a CAGR of 9.43% during the forecast period. The burgeoning startup culture in the non-destructive testing (NDT) domain will play a central role in fueling this market, postulates Fortune Business Insights™ in its report, titled “Ultrasonic Testing Market Size, Share & COVID-19 Impact Analysis, By Type (Time-Of-Flight Diffraction, Phased Array, Immersion Testing, Guided-Wave Testing, Acoustography, and Others) By Equipment (Flaw Detectors, Thickness Gauges, Transducers & Probes, Industrial Scanners, Tube Inspection Systems, Bond Testers, Imaging Systems, and Others), By Service (Inspection Services, Equipment Rental Services, Calibration Services, and Training Services), By Vertical (Manufacturing, Oil & Gas, Aerospace, Public Infrastructure, Automotive, Power Generation, and Others) and Regional Forecast, 2020-2027”. Testing and inspection are critical functions that operators and owners of capital have to perform to ensure the safety and reliability of equipment, machinery, and other assets. Startups have been steadily emerging over the past few years to fulfill these functions using NDT and ultrasonic testing (UT) technologies.

For example, the Indian startup AAVRTTI has developed RUDI (Radar for Utility Detection and Imaging) to detect, identify, and map buried utilities. The company also offers other services, such as the localized detection of cable faults and underground pipe leakages. Inductosense, a startup domiciled in the UK, has been engaged in developing NDT solutions using ultrasonic testing. The company manufactures ultrasonic sensors to facilitate accurate monitoring of internal corrosion & erosion in pipelines and vessels. These advancements in asset testing technologies, heralded by fledgling startups, will create massive opportunities for this market.

The report states that the value of the market was estimated to be USD 2,297.2 million in 2019 and also shares the following:

• Holistic evaluation of the various market drivers and trends;
• Granular understanding of the challenges facing the market;
• Unmatched segmentation of the market; and
• Microscopic study of the competitive milieu and regional prospects of the market.

Restraining Factor

Revenue Shortfalls amid the COVID-19 Crisis to Quell Market Growth

With the coronavirus-induced global economic and health crisis unfolding with increasing intensity, the aviation industry is set to experience unprecedented revenue shortfalls. According to the International Civil Aviation Organization (ICAO), in the first half of 2021, airlines are likely to face potential gross passenger operating revenues between USD 163 billion and USD 194 billion. This is in addition to the USD 391 billion worth of losses faced by airliners in 2020. The ultrasonic testing market growth is also expected to suffer setbacks as a result of these financial stresses as the pandemic has severely disrupted investment plans of aircraft manufacturers and aviation technology providers. Furthermore, travel restrictions and the cancelation of flights have delayed the adoption of advanced UT technologies. For example, a recent report by the Organization for Economic Cooperation and Development (OECD) points out that a combination of supply shocks and negative demand has created widespread uncertainty in the aviation industry, thus delaying the deployment of next-generation technologies, such as ultrasonic testing, by airline companies. As a result of these developments, this market will display a negative CAGR of -14.9% in 2019 and reach a value of USD 1,954.4 million in 2020.

Regional Insights

North America to Register Sterling Growth; Asia Pacific to Progress Promisingly

In 2019, the North America market size stood at USD 893.7 million, and the region is expected to bolster its growth trajectory during the forecast period on account of the rising employment of UT methods in the inspection of railway infrastructures. In addition, growing adoption of advanced testing technologies in the region’s robust aerospace industry will further boost the regional market.

Asia Pacific is anticipated to showcase the fastest growth in the ultrasonic testing market share in the forthcoming years owing to the huge investments in ramping up public infrastructure in India and the rapid expansion of the manufacturing industry in China. In Europe, the regional market growth will be aided by the increasing demand for these ultrasonic type of testing solutions in the automotive industry in Germany.

Competitive Landscape

Lucrative Collaborations to Characterize Market Competition

The competitive landscape of this market is experiencing a period of prolific dynamism due to the increasing number of lucrative partnerships between aviation industry giants and key players in the UT market. These collaborations are aimed at developing inventive testing solutions for aircraft components, which in turn will entrench the market position of the collaborating entities.  

Key Industry Developments:

• September 2020: Element Sheffield announced the bagging of approval from the aircraft engine maker, Safran, for destructive testing services. The agreement follows the recent clearance from Safran to Element to deploy ultrasonic testing techniques for Safran’s components and materials.
• January 2020: Novosound, a Scottish startup, secured a USD 4.3 million investment to develop and launch its first flexible thin-film ultrasound sensor for inspecting curved surfaces in June. The startup will be targeting the field of inspection and maintenance of aircraft with the introduction of this device.

List of Key Companies Profiled in the Ultrasonic Testing Market Report:

• TD Williamson, Inc. (The U.S.)
• Sonatest Ltd. (The U.K.)
• Nikon Metrology (Japan)
• Mistras Group (The U.S.)
• Ashtead Technology (The U.K.)
• Amerapex Corporation (The U.S.)
• Tecscan Systems Inc. (Canada)
• Olympus Corporation (Japan)
• NDT Global GmbH & Co. Kg (The U.S.)
• General Electric (The U.S.)
• Applied Technical Services, Inc. (The U.S.)

Browse Detailed Summary of Research Report:

https://www.fortunebusinessinsights.com/ultrasonic-testing-market-104865

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune - 411045, Maharashtra, India.

Phone:

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email: sales@fortunebusinessinsights.com

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Read Related News:

https://www.globenewswire.com/news-release/2021/02/22/2179381/0/en/Ultrasonic-Testing-Market-Size-to-Hit-USD-3-671-9-Million-by-2027-Rising-Demand-for-Efficient-Aircraft-Inspection-Technologies-to-Fuel-Market-Growth-Says-Fortune-Business-Insights.html