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Critical Infrastructure Protection Market Growing at a CAGR 3.4% | Key Player Honeywell, Airbus, Raytheon, Thales, Huawei

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Critical Infrastructure Protection Market Growing at a CAGR 3.4% | Key Player Honeywell, Airbus, Raytheon, Thales, Huawei

May 21
17:32 2020
Critical Infrastructure Protection Market Growing at a CAGR 3.4% | Key Player Honeywell, Airbus, Raytheon, Thales, Huawei

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)
Critical Infrastructure Protection Market by Component, Solution (Physical Safety and Security (Video Surveillance Systems, Screening and Scanning], Cybersecurity [Encryption, Threat Intelligence)), Vertical, and Region – Global Forecast to 2025

The global Critical Infrastructure Protection (CIP) Market size is projected to grow from USD 128.9 billion in 2020 to USD 152.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 3.4% during the forecast period. The major factors driving the market include the need to secure Operational Technology (OT) networks due to increased targeted cyberattacks and stringent government regulations for the adoption of CIP solutions.

By component, the solutions segment to hold a larger market size during the forecast period

CIP includes physical safety and security, such as physical identity and access control, video surveillance as well as cybersecurity, such as threat intelligence, network access control and firewalls. CIP is mostly provided as a solution as critical infrastructures contain sensitive information. For securing information, governments and other critical infrastructures prefer deploying these solutions on their premises so that the controls remain in the hands of their in-house team of technical experts. Hence, the solutions segment is expected to be a larger segment during the forecast period.

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Telecom vertical to be the fastest-growing vertical during the forecast period

Telecom is the most important vertical as they are the first resources to be used in case of emergencies to contact the first respondents. The physical as well as cybersecurity of telecommunications is very important. With the increased trend of Bring Your Own Device (BYOD) and Carry Your Own Device (CYOD), several hackers are making use of mobile networks for sending malicious emails as well as messages to users to infect devices as well as networks. Also in case of intrusions during communication, sensitive data is susceptible to cyberattacks and its protection is of the highest priority for organizations. Hence, it is very important to secure the telecommunication networks as frequent repairing can be costly as well as prove to be a disadvantage for its users.

Vendors covered in the CIP market report include 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). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches and product enhancements, and acquisitions, to expand their presence in the CIP market. Partnerships, agreements and collaborations, and new product launches have been the most adopted strategies by the major players from 2018 to 2020 to innovate their offerings and broaden their customer base.

BAE Systems was founded in 1999 and is headquartered in London, UK. The company deals in defence and military equipment. It is the third largest defence contractor after Lockheed Martin and Raytheon. It operates in five different business segments, which include electronic systems, cyber and  intelligence, platforms and  services, air, and maritime. It develops and delivers advanced defence 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 offers 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 CIP market, BAE Systems develops solutions, such as access control, Closed Circuti Television (CCTV) and video management, perimeter protection, intrusion detection and alarm panels, biometric identification, and intelligent surveillance. The company is present in the Kingdom of Saudi Arabia (KSA), the UK, the US, Australia, and India.

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General Dynamics, a global aerospace and  defence organization, was founded in 1952 and is headquartered in Virginia, US. The company is one of the leading defines contractors based in the US. It operates through five business segments: aerospace, combat system, IT, mission system, and marine system. General Dynamics Mission Systems, a subsidiary of General Dynamics, designs, produces, and installs antennas for mobile satellite communications and fixed communication gateways. The company’s aerospace segment designs, manufactures, and installs aircraft and its components for Gulfstream Aerospace Corporation. Its combat systems segment designs, develops, and manufactures tracked and wheeled military vehicles, weapon systems, and munitions. General Dynamics CIP capabilities include high performance infrared cameras, biological, chemical, radiological and nuclear equipment, and real-time information sharing across different platforms. General Dynamics Italy is a part of the ongoing military programs, such as The North Atlantic Treaty Organization (NATO) Transport Satellite Ground Terminal (TSGT), Broadcast Maritime Rear Link and Ship Shore Systems (BRASS), and Packet Transmission Component (PTC). General Dynamics competes with world class companies, such as the Saudi Aramco, Ras Gas, SABIC, Neste Oil in the oil and gas sector. The organization has operations in North America, Europe, Asia Pacific (APAC), and the Middle East and Africa (MEA).

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