BAE Systems (UK) and Lockheed Martin (US) are leading players in Critical Infrastructure Protection Market
MarketsandMarkets forecasts the critical infrastructure protection market size to grow from USD 133.3 billion in 2021 to USD 157.1 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 3.3% from 2021 to 2026. Increasing stringent government regulations to increase the adoption of CIP solutions, rising security breaches and attacks pose a threat to physical systems and growing need to secure OT networks to boost the growth of critical infrastructure protection market across the globe during the forecast period.
The critical infrastructure protection market includes major vendors, such as BAE Systems (UK), Lockheed Martin (US), General Dynamics (US), Northrop Grumman (US), Honeywell (US), Airbus (France), Raytheon (US), Thales (France), Hexagon AB (Sweden), Johnson Controls (US), Huawei (China), Optasense (England), Teltronic (Spain), Motorola Solutions (US), Axis Communications (Sweden), Waterfall Security Solutions (Israel), Rolta (India), SCADAfence (Israel), Tyco International (Ireland), and 3xLogic (US), Sightlogic(US), Accritical Infrastructure Protectioniter Radar (US). These players have adopted different growth strategies to expand their global presence and increase their market shares. New product launches, partnerships, and acquisitions are some of the important strategies adopted by the major players to grow further in the critical infrastructure protection market.
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BAE Systems was founded in 1999 and is headquartered in London, UK. The company deals in defense and military equipment. It is the third-largest defense contractor after Lockheed Martin and Raytheon. It operates in five different business segments: electronic systems, cyber and intelligence, platforms and services, air, and maritime. It develops and delivers advanced defense and aerospace systems for air force, military, and naval forces. Its electronic systems segment offers Electronic Warfare (EW) systems, Electro Optical (EO) sensors, commercial digital engines, military communication systems, and data links. The company offers a range of products to various military platforms and advanced electronics, IT, and customer services. Some of the key subsidiaries of BAE Systems are BAE Systems Integrated System Technologies, BAE Systems Maritime – Submarines, and BAE Systems Military Air and Information. In the Critical Infrastructure Protection market, BAE Systems develops solutions such as access control, CCTV and video management, perimeter protection, intrusion detection and alarm panels, biometric identification, and intelligent surveillance. The company is present in the KSA, UK, US, Australia, and India.
Lockheed Martin was founded in 1995 and is headquartered in Maryland, US. It is a global security and aerospace company engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services. Lockheed Martin offers a wide range of management, engineering, technical, scientific, logistics, system integration, and cybersecurity services. It caters to both US and international customers with products and services that have defense, civil, and commercial applications. Its critical infrastructure protection customers are agencies of the US government. The company operates through four business segments: aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and space, previously known as space systems. It offers products to various governments around the world to protect their critical infrastructure. The company also offers Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR) solutions, maritime security solutions, and radars and sensors for the protection of critical infrastructure. Lockheed Martin has also collaborated with Hewlett Packard Enterprise (HPE), Mercury Systems, and Supermicro to improve the security posture of enterprises and governments.
Some of the subsidiaries of Lockheed Martin are Lockheed Martin Australia Pty Limited (Australia), Lockheed Martin UK Limited (UK), Lockheed Martin Canada Inc. (Canada), Lockheed Martin Global, Inc. (US), and Lockheed Martin Logistics Management, Inc. (US). It has approximately 572 manufacturing plants in 500 cities and 50 states in the US.
Related Reports:
Critical Infrastructure Protection Market by Component, Solution (Physical Safety and Security (Video Surveillance Systems, Screening and Scanning) and Cybersecurity (Encryption, Threat Intelligence)), Vertical, and Region - Global Forecast to 2026
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