05 Dec Middle East homeland security revenues to double by 2022 reaching US$19.7 billion
The Middle East homeland security market is on course for significant growth over the next five years, with revenues more than doubling in value from an estimated US$9.6 billion in 2017 to US$19.7 billion by 2022, new research has revealed.
According to analysts Frost & Sullivan (F&S), the regional homeland security market, comprising monitoring and surveillance systems, restricted entry systems, and perimeter security solutions, will grow annually by 15.5 percent between 2017 and 2022, fuelled by security investments in major infrastructure projects and the ongoing expansion in the building and construction industry.
The growth is particularly evident in the Gulf Cooperation Council (GCC), as governments prepare to bolster internal security measures in preparation for large-scale global events such as the Qatar FIFA World Cup 2022, and the Dubai Expo 2020.
Saudi Arabia and the UAE dominate the regional market according to F&S, with Saudi holding a 45 percent share of revenue in 2017 (US$4.3 billion, followed by the UAE with a 16.6 percent share (US$1.6 billion).
Demand is high for integrated solutions, with regional governments prioritising public safety and security of critical assets. In response, global players are lining up their latest wares at Intersec 2018, the world’s leading trade fair for security, safety and fire protection.
The 20th edition of the three-day event takes place from 21-23 January 2018 at Dubai International Convention and Exhibition Centre, and features a Homeland Security & Policing Section.
More than 100 of the 1,300-plus exhibitors will showcase their frontline range of products and solutions at the dedicated show section, from airport security technology, armoured vehicles and Special Forces equipment to electronics, surveillance and detection systems.
“Vulnerability of large infrastructure has been a matter of concern for Middle East governments, prompting investment toward enhancing homeland security,” said Ahmed Pauwels, CEO of Intersec’s organiser Messe Frankfurt Middle East.
“Internal police forces and public infrastructure projects, including street utilities, public car parking, stadiums, roads and buildings, will create huge demand as regional countries, especially in the GCC, look to create a smart and secure environment.
“For its part, Intersec has served as an unmatched business facilitator and networking platform for the international safety and security community for the last two decades. The exhibition has proved to be a popular launch pad for many security solutions in use today that ensure the safety and security of society and citizens,” he added.
According to F&S, monitoring and surveillance will account for the largest share of the Middle East homeland security market, and is estimated to grow at a compound annual growth rate (CAGR) of 16.5 percent to reach US$9.5 billion by 2022, from US$4.4 billion in 2017.
Upcoming stadiums for the Qatar World Cup 2022 and public transportation projects are set to boost the Middle East Homeland Security market’s restricted entry systems segment from US$3.14 billion in 2017 to US$6.18 billion in 2022, growing at a CAGR of 14.5 percent.
Backed by several cultural and political infrastructure projects, especially in Saudi, perimeter security solutions will also double in size, growing at a CAGR of 14.8 percent, from US$2 billion in 2017 to US$4 billion in 2022.
Intersec 2018 is held under the patronage of His Highness Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, and supported by the Dubai Police, Dubai Civil Defence, the Dubai Police Academy, SIRA, and the Dubai Municipality.