Homeland security forecast indicates increased funding for threat detection technology

WASHINGTON, 27 Feb. 2008.Homeland Security Research Corp. (HSRC), a Washington-based international market research and strategic consulting firm serving the homeland security community, revealed the results in its "2008-2012 Global Counter-IED Markets and Technologies Forecast."

$3 billion FY 2009 Federal Grant funding for inland U.S. counter IED measures (a 14 percent increase from 2008's budget) signifies not only the unprecedented effort the U.S. Federal government is placing on this potential threat, but also its dire need to develop technologies that can address it, says a representative.

According to the recent research report by HSRC, "2008-2012 Global Counter-IED Markets and Technologies Forecast," novel approaches to detecting threats from buried IEDs, suicide bombers, and vehicle-borne IEDs (VBIED) will be deployed in a variety of locations with a forecasted increased demand for standoff suicide bombers detection systems.

The technologies developed and deployed with the estimated $20 billion spent on counter-IED measures in Iraq have little if any application for the inland threat. At a cost of $500k to $1M a piece, armored vehicles are useless in urban America. So are the cell phone jammers and the entire network designed to notice changes in roads (by comparing aerial photography products using powerful image analysis software). New technologies will be required to meet the evolving Homeland security urban needs, and a growing market will reward those that will be able to deliver these solutions.

2008-2012 Global Counter-IED Markets and Technologies Forecast

The research provides the most comprehensive analysis and forecasts of counter-IED markets, technologies and trends, covering among many topics, the following:

Global Counter-IED Business Opportunities - New market entrants with a technological edge are presented with market entry opportunities in several multi-billion dollar markets

Analysis of 71 Current and Emerging Counter-IED technologies by segments

2008-2012 Global Systems Procurement, Services and Upgrade Market forecasts - 2008-2012 aggregate market totaling $23.2 billion

Country/Region by Country/Region 2008-2012 analysis and forecasts (e.g. U.S., Europe, India, Israel, China, Arab Word)

Global Counter-IED Market Growth Opportunities segmented by country/region

The report includes 279 pages of data and analysis, 92 figures and graphs, and 144 tables.