BAE Systems (US) and Lockheed Martin (US) are leading players in Critical Infrastructure Protection Market
The Critical Infrastructure Protection Market is projected to grow from USD 143.0 billion in 2023 to USD 162.5 billion by 2027 at a Compound Annual Growth Rate (CAGR) of 3.3% from 2023 to 2027. There are increasing initiatives being taken by the government for the protection of critical infrastructure industries in recent years. This is also projected to fuel market development in the upcoming years.
Major manufacturers in this market are based in North America and Europe. BAE Systems (US), Lockheed Martin (US), General Dynamics (US), Northrop Grumman (US), Honeywell (US), Airbus (France), Thales (France), Hexagon AB (Sweden), Johnson Controls (US), Huawei (China), and Motorola Solutions (US), are among a few leading players operating in the critical infrastructure protection market. These players have adopted various growth strategies to strengthen their position in the market. Companies in the critical infrastructure protection market increasingly use biometrics and drone technologies in their solutions. Consolidated Edison of New York installed the Dedrone Axis solution, enabling it to detect over 7,500 drone incursions in its airspace. These include product launches, contracts, partnerships, mergers and acquisitions, and new product development activities to expand their presence in the critical infrastructure protection market.
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BAE Systems is an international defense, aerospace, and security company, which delivers a range of products and services for air, land, and naval forces, as well as advanced electronics, security, information technology, solutions, and customer support services. The company operates in five different business segments: electronic systems, platforms, and services, air, maritime, and cyber & intelligence. In the Critical Infrastructure Protection market, BAE Systems provides solutions including access control, CCTV and video management, perimeter protection, intrusion detection and alarm panels, lighting management, IP-based audio and public address, video analytics, unified command and control system, biometric identification, and intelligent surveillance. The company serves markets including defense, space, transport, government, telecommunication, critical national infrastructure, security, and law enforcement. It has a geographical presence in the Americas, Asia Pacific, Middle East, Africa, UK, and Europe. The company engages in partnerships, collaboration, business expansion, and acquisition to help expand its global presence. In February 2023, BAE Systems announced it would work with Bangalore-based technology group NewSpace Research and Technologies to explore collaboration opportunities in next-generation uncrewed systems and technologies.
Lockheed Martin is a global security and aerospace company principally engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services. The company provides management, engineering, technical, scientific, logistics, system integration, and cybersecurity services. The company’s business is organized around four core business areas: aeronautics, missiles, fire control, rotary and mission systems, and space. The critical infrastructure protection market provides radars, sensors, and maritime systems. The company has a geographical presence in North America, Europe, Asia Pacific, the Middle East, and Latin America. The company has collaborated with several companies to expand its presence worldwide. In November-2022, Royal Norwegian Air Force selected the Lockheed Martin TPY-4 next-generation ground-based air surveillance radar to enhance the country’s long-range surveillance capability. The TPY 4 radar can identify and track more minor threats at longer ranges than before. The radar can be adapted to new missions via simple software enhancements.
Related Reports:
Critical Infrastructure Protection Market by Component, Security Type (Physical Safety & Security (Video Surveillance Systems, Screening, and Scanning) and Cybersecurity (Encryption, Threat Intelligence)), Vertical and Region - Global Forecast to 2027
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