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Internal Security Needs and Infrastructure Modernisation spur Indian Civil Security Market Finds Frost & Sullivan - Market revenues will more than double by 2020 - offering end-to-end security solutions to enhance suppliers' profit - Defense.Frost.com
Internal Security Needs and Infrastructure Modernisation spur Indian Civil Security Market Finds Frost & Sullivan

 

NewswireToday - /newswire/ - London, United Kingdom, 2013/11/13 - Market revenues will more than double by 2020 - offering end-to-end security solutions to enhance suppliers' profit - Defense.Frost.com.

   
 
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The Indian civil security market is burgeoning as left wing extremism and terrorist threats compel state governments and police forces in the country to upgrade their civil security capabilities. Market participants also spot considerable opportunities in the country’s need to modernise critical infrastructure such as airports, mass transportation, and oil and gas facilities. The government emphasise on natural disaster management and securing the borders and coastline is as well seen as a growth prospect.

New analysis from Frost & Sullivan (defense.frost.com), Assessment of the Civil Security Market in India, finds that the market earned revenues of $10.69 billion in 2012 and estimates this to more than double to $26.46 billion in 2020 at a compound annual growth rate (CAGR) of 12 percent. The research covers the segments of border and maritime security, critical infrastructure protection for airports, oil and gas, power and utilities and mass transportation, first responder C3i and emergency response, safe cities, and cyber security. Airport security followed by safe cities will be the fastest expanding segments, with growth rates of 31.2 percent and 21.4 percent respectively.

"The demand for equipment and technologies to address the existing capability gaps in India's civil security is attracting global suppliers to the country," said Frost & Sullivan Aerospace & Defence Industry Analyst Anshul Sharma. "Investment plans have been proposed by the central and state police agencies to improve the capabilities of various state police forces in areas such as communications, surveillance, weapon systems, combat uniforms, ammunition, ground vehicles, and airlifting."

In addition, changes have been made to the defence offset policy that requires foreign vendors, who receive contracts of more than $60 million, to invest 30 percent of the deal value in the Indian market through offset partners. They can now discharge their offset liabilities in some areas of internal security, thereby aiding market development.

However, with numerous companies offering various products and solutions, the Indian civil security market has become highly fragmented. Price sensitivity among end users in such a fragmented market adds to the challenge.

"To sustain profits, suppliers are looking to offer end-to-end security solutions," noted Sharma. "As they do not have an integrated portfolio at present, market participants are quite likely to turn to mergers and acquisitions. Market consolidation will allow market players to expand their offer."

If you are interested in more information on this research, please send an email to Joanna Lewandowska, Corporate Communications, at joanna.lewandowska[.]frost.com, with your full contact details.

Assessment of the Civil Security Market in India (M9A5-16) is part of the Defence Growth Partnership Service program. Frost & Sullivan’s related research services include: US Department of Defence Battle Management Systems, Department of Defense Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance, Global Military Naval Vessels and SIS Market Assessment, and Global Mass Transport Security Market Assessment. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan
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Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

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Internal Security Needs and Infrastructure Modernisation spur Indian Civil Security Market Finds Frost & Sullivan

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Frost & Sullivan | Internal Security
Publisher Contact: Joanna Lewandowska - Frost.com 
+48 22 481 62 20 joanna.lewandowska[.]frost.com
 
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