MarketsandMarkets estimates the Critical Infrastructure Protection (CIP) market size to grow from USD 110.41 Billion in 2017 to USD 153.16 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 6.8%. Increased instances of physical attacks, accidents, and natural calamities have triggered an increase in the adoption of CIP systems and solutions by various verticals, such as sensitive infrastructures and enterprises, energy and power, and transportation systems.

The key players in the CIP market include BAE Systems (UK), General Dynamics Corporation (US), Honeywell International Inc. (US), Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Raytheon Company (US), Airbus Group SE (Netherlands), Hexagon AB (Sweden), Johnson Controls International plc (Republic of Ireland), Thales Group (France), Teltronic S.A. (Spain), OptaSense (UK), Motorola Solutions, Inc. (US), and Huawei Technologies Co., Ltd. (China). These players have adopted various strategies such as partnerships, agreements, mergers and acquisitions, and new product developments to achieve growth in the CIP market.

The CIP market witnessed a lot of partnerships, agreements, and collaborations by key players from 2014 to 2017. In April 2017, Airbus Group SE and SITA, a company providing air transport communication, collaborated to launch security operations center services, which will safeguard airport infrastructure from advanced cyber threats. In April 2017, Huawei Technologies and Pegasus entered into a partnership to develop next-generation public safety solutions, which will utilize Huawei’s cloud technology and Pegasus’s big data analytics technology. In February 2017, Honeywell collaborated with Seeq Corporation to help customers with industrial processes and shutdowns, minimize risks, and enhance the supply chain strategy. In June 2016, Thales and Cisco collaborated to develop next-generation cybersecurity solutions, which will detect and remediate threats from networks and endpoints. In May 2016, BAE Systems entered into a partnership with Fujitsu to develop a cyber threat intelligence system that would provide a model-based data protection framework, which blocks critical information from leaving the network and endpoint.

The key players also adopted the strategy of mergers and acquisitions to increase their geographic presence and expand their product portfolio in untapped markets. In September 2016, Tyco, which specializes in fire and security solutions, entered into a merger with Johnson Controls, which specializes in building solutions. The new company formed as a result of the merger is named Johnson Controls International plc. Johnson Controls International plc. now caters integrated CIP solutions from both Tyco and Johnson Controls. In August 2016, Honeywell acquired Xtralis, a global smoke detection, advanced perimeter security technologies, and video analytic software company. The acquisition would help Honeywell to provide customers with speedy response time and minimized facility damages and potential injuries. Moreover, in March 2016, Hexagon AB acquired the IDS GeoRadar division of Ingegneria dei Sistemi S.p.A, a radar-based solutions provider. With the acquisition, Hexagon strengthened its sensor portfolio integrated radar technology.

The major players also launched new products and offerings to strengthen their product portfolio and expand their offerings to newer clients. In June 2017, Hexagon AB launched a vehicle intervention system named HxGN Mine VIS, which has advanced detection features and capabilities that stop vehicles when an obstacle is detected in a critical infrastructure environment. HxGN Mine VIS can be integrated with next-generation collision avoidance systems. In April 2017, Johnson Controls International plc launched the Holis HD Tribrid video recorders, which provide the best-in-class video recording. In June 2017, Raytheon launched an enhanced version of the Multi-Spectral Targeting System, which provides a 3 mode target tracker, laser target marker, and automated moving target acquisition. Moreover, in July 2016, General Dynamics enhanced its cybersecurity system, Mission Systems TACLANE, with the new agile VLAN feature. With the help of this feature, users can send and receive layer 2 Ethernet data and HAIPE traffic.

Related Reports:

Critical Infrastructure Protection Market by Security Technology (Network Security, Physical Security, Radars, CBRNE, Vehicle Identification, Secure Communication, SCADA, Building Management), Service, Vertical, and Region - Global Forecast to 2022

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