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India to Emerge as a Key International Spender in the Global Civil Security Market - Frost & Sullivan research indicates that the total homeland security spending in the Indian market under all the eight major threat domains will amount to an estimated total of $9.7 billion by 2016
India to Emerge as a Key International Spender in the Global Civil Security Market

 

PRZOOM - /newswire/ - Mumbai, India, 2008/12/09 - Frost & Sullivan research indicates that the total homeland security spending in the Indian market under all the eight major threat domains will amount to an estimated total of $9.7 billion by 2016.

   
 
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Airports security is projected to total over $3.2 billion by 2016 at a compound annual growth rate (CAGR) of 5 per cent.

New analysis from Frost & Sullivan (aerospace.frost.com), Indian Homeland Security Market, finds that the market earned revenues of $800.0 million in 2007 and estimates this to reach over $1 billion in 2016.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the Indian homeland security market, then send an email to Ravinder Kaur/ Nimisha Iyer, Corporate Communications, at ravinder.kaur[.]frost.com/ niyer[.]frost.com with your full name, company name, title, telephone number, company email address, company website, city, state and country. Upon receipt of the above information, an overview will be sent to you by email.

"The continuous threat of terrorism, the development of India's infrastructure and the eventual development of the nation's civil aviation capacity promise to expand overall security spending in India to over $9 billion by 2016," notes Frost & Sullivan Senior Consultant Friso Buker. "The high level of mass transport infrastructure construction will push this figure even higher."

Mass transport systems are increasingly being seen as 'soft' targets for both criminal and terrorist activities. Intelligent and durable surveillance systems within 'rolling stock' are key revenue generators. Emphasis on low TCO, self-diagnosing CCTV systems, automatic wireless image downloads and innovative passenger screening technologies will boost investment within this threat domain.

The recent attacks in Mumbai highlights one of the key issues when formulating security measures to protect 'soft' targets with high levels of civilian activity: how to provide adequate protection for high numbers of people without turning relevant threat domains into areas resembling airport terminals. "In light of the horrendous death toll of innocent civilians, the relevant security stakeholders (both in the public and private sector) are going to have become a deal less squeamish and more pragmatic when it comes to developing a 'last line of defence' within sites such as hotels, religious buildings and various tourist destinations." says Buker.

He further adds, "Hotels (and many other threat domains besides) will have to undertake the type of security measures previously avoided (i.e. substantially increased security manpower levels, the increasing involvement of sophisticated technological security enablers, etc). Not only is this expected trend likely to result in an uptick in security procurement over the next few years, but private sector security companies with a track record of training non-military security forces."

The massive development of small- to medium-size airports around the world, coupled with potential increases in baseline international airport security standards, will significantly enhance the demand for airport security measures. Key technologies include biometric electronic access control, passenger screening portals and explosive detection systems for baggage, as well as cutting-edge passenger processing systems.

However, slow procurement trends, an emphasis on developing the indigenous security industry and the prevalent dependence on manpower-intensive security measures will hamper security investment to a large degree, especially for foreign security firms that lack an effective local partner.

"Notwithstanding such challenges, any technology type that is cost effective, can be incorporated within the high levels of manpower and has a partnership with a 'connected' partner can overcome most (if not all) of the high barriers to effective entry and profitability in this highly lucrative market. In any case, measures to proactively counter future threats/ attacks from terrorist organisations and Naxalite groups is expected to continue the expansion of the Indian Homeland Security market for the foreseeable future and beyond." concludes Buker.

Indian Homeland Security Market is part of the Defence Growth Partnership Service programme, which also includes research in the following markets: EU Airport Passenger Screening, EU Port Security and, Middle East Oil & Gas Infrastructure Security. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.

Frost & Sullivan, the Growth Partnership Company, partners with clients to accelerate their growth. The company's TEAM Research, Growth Consulting and Growth Team Membership™ empower clients to create a growth-focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents.

Indian Homeland Security Market
M1D6

 
 
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India to Emerge as a Key International Spender in the Global Civil Security Market

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