iHLSAccording to Homeland Security Research Corp’s new report, China Homeland Security & Public Safety Market 2013-2020, as early as 2014, the Chinese market for HLS & Public Safety products will surpass that of the U.S., becoming the largest in the world.
In 2012 alone, out of the total $45.2 billion market, foreign companies (e.g., IBM, FLIR, GE Security Asia, Honeywell Security Group, Panasonic, Samsung Electronics, Siemens, Bosch Security, Sony, Sikorsky, Honeywell, EADS) supplied $17.1 billion. This accounts for 38% of the total Chinese market for HLS & Public Safety products and services.
While the U.S. embargo on military equipment and technologies export to China limits the export of defense products to this country, the U.S. government (including the DHS, DOC and the State Department), encourages the export of American HLS & Public Security products and technologies to China.
The Chinese aviation safety market is booming: 2 out of 3 new airports built worldwide are in China. The country’s public transportation system, the world’s largest, is poised to undergo a multibillion-dollar security infrastructure overhaul.
Chinas smart video surveillance market, the worlds largest, is dominated by foreign-based companies.
http://i-hls.com/2013/12/china-has-the-worlds-largest-internal-security-budget/
“…….. as early as 2014, the Chinese market for HLS & Public Safety products will surpass that of the U.S., becoming the largest in the world.”
That doesn’t include the military’s ‘black budget’. Throw that in, and China’s expenditures wouldn’t even come close.