Police Modernization and Counter Terrorism Market and Market Demands 2015

Summary

Tackling terrorism and police modernization form the most important components of the homeland security of a country, driven by the growing instances of domestic rebel group uprisings, organized crimes, human and arms smugglings, and social unrest. The fight against global terrorism, insurgency, lawlessness, and drug trafficking also necessitates the need for up-to-date and high-end technologies and equipment. With these factors expected to be the primary drivers for global police modernization and counter terrorism, the market is expected to register positive growth during 2015-2025.

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Key Findings

The global police modernization and counter terrorism market is expected to be worth US$62.7 billion in 2015, and is expected increase to US$82.4 billion by 2025

The Asia Pacific region is estimated to account for the largest share of 41% in the global police modernization and counter terrorism market, with the region accounting for a cumulative spending of US$32.6 billion over the forecast period. The region will be followed by Europe and the Middle East, with respective spending of US$31.6 billion and US$70.9 billion during 2015-2025

In terms of segments, police force infrastructure, and police force ordnance, mobility, and others are expected to be the top two segments in the global police modernization and counter terrorism market over the forecast period.

The police force infrastructure segment is expected to account for 31% of the total market, the police force ordnance, mobility, and others segment is estimated to comprise 27%, the other counter terrorism infrastructure segment will represent 24%, and the counter terrorism ordnance, mobility, and others segment is estimated to account for 18% of the market

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Synopsis

The...