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.
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:
Border Security Market Restraints:
In 2015, Saudi Arabia wan build 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.
Market Size Available
2021 – 2026
2022 - 2027
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
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 Platform:
Border Security Market 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.
Border Security Market System:
Border Security Market 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.
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
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Border Security Market, By Platform
6.1.4 Market Size Estimations & Forecasts (2022 - 2027)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
6.2 Border Security Market, By System
6.2.4 Wide Band Wireless Communication
6.2.5 Perimeter Intrusion
6.2.6 Unmanned Vehicles
6.2.8 Biometric Systems
6.2.9 Market Size Estimations & Forecasts (2022 - 2027)
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- 2027)
7.2.1 By Country
7.2.2 By Platform
7.2.3 By System
7.3.1 By Country
188.8.131.52 Rest of Europe
7.3.2 By Platform
7.3.3 By System
7.4 Asia Pacific
7.4.1 By Country
184.108.40.206 South Korea
220.127.116.11 South East Asia
18.104.22.168 Australia & NZ
22.214.171.124 Rest of Asia-Pacific
7.4.2 By Platform
7.4.3 By System
7.5 Latin America
7.5.1 By Country
126.96.36.199 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
188.8.131.52 Middle East
7.6.2 By Platform
7.6.3 By System
8. Key Player Analysis
8.1 Raytheon Company
8.1.1 Business Description
8.1.4 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
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures
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