California homeland security market as large as the entire U.S. aviation security market
New report about the homeland security market in the United States finds that DHS’s spending account for only 18.3 percent of the total homeland security spending in the United States; the combined state and local market share leads the field with 23.7 percent, with the Department of Defense coming in second with 22.5 percent; California’s FY2009 homeland security market was nearly as large as the entire U.S. aviation security market
Homeland Security Research Corporation’s (HSRC) latest release, U.S. Homeland Security & Homeland Defense (HLS-HLD) Markets — 2010-2014, offers new insights regarding where to look for homeland security and homeland defense business opportunities. For example:
- DHS has a key role in the industry, but it does not dominate the HLS-HLD market. The combined state and local market share of 23.7 percent leads the field, with the DOD (22.5 percent) and DHS (18.3 percent) a close second and third.
- Aviation ecurity, representing only 4.2 percent of the HLS-HLD market, is an important sector, but is much smaller than other industry sectors (for example, information technology, first responders).
- The U.S. HLS-HLD market is larger and is growing faster than many realize. HSRC forecasts it to grow from $69 billion in 2010 to $85 billion by 2014.
The report, based on state, county, city, and OMB documentation, also reveals that:
- California’s FY2009 homeland security market was nearly as large (98 percent) as the entire U.S. aviation security market.
- Only 4 percent of state and local homeland security activities are funded by the federal government, the rest are locally funded.
- From 2000 to 2009, the state and local homeland security funding totaled more than $260 billion.
- This market is focused on C-3I systems, information technology (IT), and the equipment necessary to outfit over 2.4 million first responders.
