Market Trends of North America Homeland Security And Emergency Management Industry
Increasing Investments From Agencies for Protection Against Terrorism
With the increasing access to weapons of mass destruction (WMD), the threat of terrorism in the world is increasing. To safeguard against such threats, the US and Canada invest in advanced technologies to prevent security breaches. The FY 2022 President's Budget contains a USD 11.7 million reduction, which reflects the completion of large-scale Radiation Detection Equipment deployment at DHS operational locations throughout the US. Similarly, in the FY2022 budget for the DHS, the US government requested more than USD 20 million towards the Targeted Violence Terrorism Prevention Initiative (TVTP) and approximately USD 135 million to prevent domestic terrorism.
Furthermore, the easy availability of dangerous explosive materials has led to the enforcement of stringent regulations to regulate and monitor the sales of hazardous chemicals that can be used to develop CBRNe weapons. The Department of Homeland Security (DHS) has formulated the Ammonium Nitrate Security Program (ANSP) that regulates the sale of ammonium nitrate from a manufacturing facility to prevent the inappropriate use of the chemical in acts of terrorism. Due to such factors, the growth in investments to counter CBRNe threats is anticipated to drive the market's growth.
United States Dominates the Market During the Forecast Period
The US is a global leader in budget allocation for homeland security and emergency rescue. In 2022, the budget allocation for the DHS was USD 52.2 billion. The DHS aims to strengthen its law enforcement and emergency management further. The budget includes USD 408 million for the National Cybersecurity Protection System/EINSTEIN to defend the Federal Government's civilian information technology infrastructure. This integrated system of systems increases intrusion detection, analytics, and information-sharing capabilities and counters the threat from China while also deterring destabilizing behavior by Russia.
The FY 2022 President's Budget for DHS provides about USD 1.2 billion for border infrastructure, which includes modernizing Land Ports of Entry (LPOE) and investing in modern border security forces and assets. Such initiatives will drive the demand for homeland security and the emergency management market in the US during the forecast period.
