The World's expenditure on Homeland Security in 2007 is estimated at US$70 Bn. Assuming there are no major terrorist attacks in the World, the Washington-based Homeland Security Research Corporation projected the World's expenditure to grow by 150% to US$178 Bn by 2015, registering a growth of US$108 Bn. Furthermore it is anticipated that during the period from 2007 to 2015 the global Homeland Security Expenditure will reach a staggering US$1.1 Trillion.
Worldwide Homeland Security Expenditures - 2003 to 2015
(in US$Bn, Percentage)
Source: Homeland Security Research Corporation
(www.homelandsecurityresearch.com)
Among the Pacific Rim countries, namely Australia, Japan North and South Korea, Malaysia, New Zealand, The Philippines, Taiwan, Thailand and Vietnam, the projected expenditure increase is 110%, from US$7.5 Bn in 2007 to US$15.8 Bn in 2015.
China and India alone are forecast to grow by more than 390%, an impressive rise from US$3.3 Bn in 2007 to US$16.3 Bn by 2015.
The Asia Pacific Region will therefore account for more than 16% of total World expenditure by 2015, amounting to US$184 Bn, and hence the Region is, and will continue to be, an important market for the Homeland Security industry, a market that simply CANNOT BE IGNORED.
Market Prospects - Cumulative Homeland Security Expenditures 2007 to 2015
(in US$Bn, Percentage)
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