Technology in Homeland Security Market shares forecast to witness considerable growth from 2020 to 2028
The global homeland security market is projected to be valued at $8,03,967.3 million by 2028 , surging from $4,92,362.3 million in 2020 , at a noteworthy CAGR of 6.1% . Analysis of Covid-19 Impact on Homeland Security Market The Covid-19 impact on homeland security market has been negative. The restrain in the global industrial production due to imposed lockdowns across the globe has disturbed the supply chain of defense equipment’s manufacturing industry, hindering the growth of the homeland security market. Major companies in this sector such as Northrop Grumman Corporation, Lockheed Martin Corporation, Leonardo Inc, and others have experienced a reduction in demand in the homeland security market. These factors are expected to negatively impact the market growth. However, companies operating in the production of software defined radio, that are used for flawless communication and interoperability in the defense forces, and aid the homeland security market, adopting strategie