China to Replace the U.S. as the World’s Largest Homeland Security and Public Safety Market
Homeland Security Research Corp., the global leader in Homeland Security technology and market research, forecasts in its two latest market research reports China Homeland Security & Public Safety Market – 2012-2020 and U.S. Homeland Security & Public Safety Market – 2013-2020 that by 2014 China is to become the world’s largest national Homeland Security & Public Safety market.
The China report reveals that:
— 2 out of every 3 new airports built in the world are in China.
— According to China’s “Twelfth 5-Year Plan (2011-2015)”, it spends more on “HLS & Public Security” than it does on defense.
— China’s government 650 “Safe City” cumulative 2013-2020 market will surpass $180 Billion
— The country’s public transportation system, which is the world’s largest, is poised to undergo a $20 Billion security upgrade.
— The U.S. Department of Commerce assists and encourages the export of American Homeland Security & Public Safety products to China.
— Companies such as FLIR, GE, Honeywell, Panasonic, Samsung, Siemens, Bosch, and EADS are already active in this market
While Chinese manufacturers supply low & mid-end security products, the high end-premium security related technologies are provided by foreign manufacturers contributing to $24.3B in sales in 2011. For example, China’s Smart Video Surveillance market, the world’s largest and the cornerstone of the “Safe City” and perimeter security markets is dominated by foreign-based corporations, which supply artificial intelligence-based Video Content Analysis systems.
According to Dan Inbar, the report’s lead analyst: “Three decades of dramatic economic growth have bred social tensions, ethnic frictions and domestic terror which led the central government to invest “whatever it takes” to defend the economical-social-political fabric of China. This has resulted in the massive $40B market in 2011 and $45B in 2012, a trend which will reach $58B by 2015 and $105B by 2020. As I speak, China is transforming itself into the global leading source for business opportunities to suppliers of homeland security & public safety products.”
The report is the first and only comprehensive analysis of China’s Homeland Security & Public Safety market available today.
Homeland Security Research Corp.(HSRC) is a Washington, DC-based international technology & market research and strategic consulting firm serving the homeland security and public safety communities.