WASHINGTON--(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.)--
“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”
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.