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Pulished Date April, 2021
ID: 9607
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Border Security Market by Platform (Ground, Aerial, Naval), by System (Laser, Radar, Camera, Wide Band Wireless Communication, Perimeter Intrusion, Unmanned Vehicles, C2C, Biometric Systems and others), and by Region – Global Industry Size, Share, Trends and Forecast Report 2021 to 2026

Pulished: April, 2021
ID: 9607
Pages: 175

Border Security Market Size, and Growth Analysis 2021-2026:

Border Security Market size is expected to reach approximately $65 billion. With a CAGR of about 7.16% over the forecast period

Border security Anerves the purpose of safeguarding the country and international borders from illegal smuggling and terrorist activities. Illegal drug, weapon and contraband movement across the border is tackled by border security. Border security systems include lasers, cameras,s, and radar. Surveillance capabilities, real-time target images, and precise target locations capabilities are enhanced by the installation of border security systems. Border security forces regularly monitor the data to develop enhanced security tactics to offer a superior level of safety to its citizen.

The market growth is driven by instability across borders due to rising geopolitical instabilities and territorial struggles. Military and defense forces are readily adopting unmanned defense systems, fueling the necessity for advanced border security. The retraining factors prevalent in the market are strict government rules related to border security systems production and the falling defense expenditure by developed countries.

Border Security Market Growth Rate and Trends:

  • A sea-based segment of the border security market is expected to witness major growth in the forecast period. Competition over the occupation of inhabited and uninhabited islands in international water and inside well-defined borders makes it necessary for countries to develop their sea-based border security system. There are many disputes with overlapping claims in among Asian countries. Surveillance of the international water is necessary to protect the sea-based border. The growing threat rate is forcing countries to invest in the development of enhanced sea-based border security systems.
  • The adoption of unmanned systems by military organizations is witnessing a surge due to technological advancements. The development of drones and UGV technologies has made it accessible for countries to gather useful information without the deployment of military personnel. The US has been using unmanned systems in the Middle East over the past decade. Israel and India are collaborating for the development of UAV technology. This trend is likely to drive the border security market growth.

Impact of Covid-19 on Border Security Market:

Covid-19 has disrupted the global economy and entire supply chain. Most of the markets have been affected badly and overall economies have been damaged. The progress of the border security market is being affected of the currently ongoing pandemic. Countries are diverting their budget towards healthcare and in safeguarding their economy. Therefore, the market is expected to decline. But with the growing conflict, for instance, like India and China force countries to incorporate advanced border security systems. As the economy will recover, the border security market will gain its growth momentum.

Border Security Market Dynamics:

Drivers:

  • Increasing terrorist threats and geopolitical instabilities are important driving factors of the border security market. Illegal smuggling and immigration activities across borders necessitate the adoption of border security systems.
  • Surveillance aircraft, ground attack helicopters, transport helicopters, patrol aircraft, marine vessels, amphibious aircraft, and submarines for border security are being procured at an increasing rate fueling the demand for enhanced border security systems over the forecast period.
  • Modernization of the overall defense systems including the existing border security technology is serving the market with tremendous growth opportunities. Trend of autonomous technology is leading to the technological advancement in unmanned systems needing constant surveillance by the rival countries.
  • Governments in developing countries are actively investing in the development of their overall defense forces including border security in order to avoid oppression from military superpowers.

Border Security Market Restraints:

  • Stringent government rules and regulations is a major restraining factor. Vendors are required to follow local and foreign regulations. The result of failing to adhere to the norms are criminal, civil, and administrative liabilities.
  • Developed countries have witnessed a declining government expenditure hindering market growth. 

Recent Developments:

In 2015, Saudi Arabia wan building a 600-mile long ‘Great Wall’ TO build a shield against terrorist organization ISIS. A state-of-the-art Spexer 2000 radar was installed. The radar had the capability to detect pedestrians and helicopters from 17 and 36 kilometers respectively.

In 2016, UAE signed a collaboration contract to purchase 8 drones that are made in Italy. The €316 million contract includes the purchase of eight Piaggio P.1HH Hammerhead UAVs.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2026

Base Year

2020

Forecast Period

2021 - 2026

CAGR

 7.16%

Segments Covered

Platform, System

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Raytheon Company Lockheed Martin Corporation Thales SA BAE Systems PLC Flir Systems Elbit Systems Saab AB Northrop Grumman Corporation Finmeccanica SPA

Border Security Market Segmentation:

Platform:

  • Ground
  • Aerial
  • Naval

By platform, the largest global border security market share was held by the ground segment. The segment is expected to retain its dominance in the forecast period with a significant compound annual growth rate (CAGR). Radars, lasers, cameras, and others are mainly included in the ground-based border security systems. To provide enhanced security to its citizen, countries like India and China are actively procuring advanced security systems assisted by trained personnel. The sea-based segment is likely to project a significant growth rate as well due to the growing competition in the international waters and overlapping claims.

System:

  • Laser
  • Radar
  • Camera
  • Wide Band Wireless Communication
  • Perimeter Intrusion
  • Unmanned Vehicles
  • C2C
  • Biometric Systems
  • Others

By system, the 2018 market based on the system segmentation was dominated by the radar segment. Even the highest market share was held by the radar system, biometric systems are likely to project the highest compound annual growth rate (CAGR) during the forecast period. The primary purpose of a biometric system is to track illegal activities across the border.

Geographical and Regional Presence:

The global border security market can be segregated into five key major regions: North America, Latin America, Europe, Middle East & Africa, and the Asia Pacific. Developed countries have been collaborating to establish well-defined borders to avoid conflict with enhanced border security systems for surveillance.

The highest compound annual growth rate (CAGR) is anticipated to be held by the Asia Pacific over the forecast period. The growth can be attributed to the growing territorial conflict among military superpowers such as India and China. Asian countries are heavily investing in the technological advancement of the defense systems and the up-gradation of existing border security systems. The current ongoing border issues in the Asia Pacific region are between India – China, India- Pakistan, and China-Japan, among others. Southern countries in the region are developing systems to bust smuggling routes through detection and interception.

On the basis of global border security market share, the recent past was dominated by North America owing to the defense expenditure of the U.S.

Competition in the marketplace:

The market is highly fragmented. Global defense systems and technology providers dominate the market. Local players across the globe are strong enough to compete with global defense systems and technology providers. With global leaders’ partnership, local players supply subsystems of a larger project/network.

The Middle East and North American local vendors are the major threat to the global players in the border security market. With similar quality and reliability, local vendors fulfill the needs with a fraction of the cost quoted by the global players.

Key Players:

  • Raytheon Company
  • Lockheed Martin Corporation
  • Thales SA
  • BAE Systems PLC
  • Flir Systems
  • Elbit Systems
  • Saab AB
  • Northrop Grumman Corporation
  • Finmeccanica SPA
  • Safran
  • Israel Aerospace Industries Ltd.
  • Rockwell Collins
  • Airbus Group SE

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods  

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Border Security Market, By Platform                               

                                6.1.1 Ground     

                                6.1.2 Aerial         

                                6.1.3 Naval         

                                6.1.4 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.5 Y-o-Y Growth Rate Analysis             

                                6.1.6 Market Attractiveness Index          

                6.2 Border Security Market, By System                 

                                6.2.1 Laser          

                                6.2.2 Radar         

                                6.2.3 Camera     

                                6.2.4 Wide Band Wireless Communication           

                                6.2.5 Perimeter Intrusion            

                                6.2.6 Unmanned Vehicles           

                                6.2.7 C2C             

                                6.2.8 Biometric Systems               

                                6.2.9 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.10 Y-o-Y Growth Rate Analysis           

                                6.2.11 Market Attractiveness Index        

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region  

                7.2 North America - Market Analysis (2021- 2026) 

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Platform             

                                7.2.3 By System

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Platform             

                                7.3.3 By System

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Platform             

                                7.4.3 By System

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Platform             

                                7.5.3 By System

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Platform             

                                7.6.3 By System

8. Key Player Analysis                                    

                8.1 Raytheon Company                

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Lockheed Martin Corporation                            

                8.3 Thales SA                     

                8.4 BAE Systems PLC                      

                8.5 Flir Systems                

                8.6 Elbit Systems                             

                8.7 Saab AB                        

                8.8 Northrop Grumman Corporation                      

                8.9 Finmeccanica SPA                    

                8.10 Safran                         

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of By Platform, By System, and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies, and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Border Security Market By Region, From 2021-2026( USD Billion )
  2. Global Border Security Market By Platform, From 2021-2026( USD Billion )
  3. Global Ground Market By Region, From 2021-2026( USD Billion )
  4. Global Aerial Market By Region, From 2021-2026( USD Billion )
  5. Global Naval Market By Region, From 2021-2026( USD Billion )
  6. Global Border Security Market By System, From 2021-2026( USD Billion )
  7. Global Laser Market By Region, From 2021-2026( USD Billion )
  8. Global Radar Market By Region, From 2021-2026( USD Billion )
  9. Global Camera Market By Region, From 2021-2026( USD Billion )
  10. Global Wide Band Wireless Communication Market By Region, From 2021-2026( USD Billion )
  11. Global Perimeter Intrusion Market By Region, From 2021-2026( USD Billion )
  12. Global Unmanned Vehicles Market By Region, From 2021-2026( USD Billion )
  13. Global C2C Market By Region, From 2021-2026( USD Billion )
  14. Global Biometric Systems Market By Region, From 2021-2026( USD Billion )

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