Border Security Market 2019-2023 to Encounter Countless Growth Opportunities With Global Leaders- Raytheon, Northrop Grumman, Lockheed Martin, Thales, BAE, Elbit and General Atomics| Forecast 2023

September 08 03:09 2019
Border Security Market 2019-2023 to Encounter Countless Growth Opportunities With Global Leaders- Raytheon, Northrop Grumman, Lockheed Martin, Thales, BAE, Elbit and General Atomics| Forecast 2023

Border Security Market
Border Security Market Research Report 2019: Industry Size, Share, Trends, Growth and Opportunity Assessment, Regional Analysis and Segmentation By Platform (Ground, Aerial, Naval), System (Laser, Radar, Camera, Wide Band Wireless Communication, Perimeter Intrusion, Unmanned Vehicles, C2C, Biometric Systems & Others), & Region-Forecast Till 2023

Border Security Market Highlights

Borders and frontiers have always been under intense scrutinization. Border security acts as the first line of defense against unauthorized activities. Deployment of border security is essential to prevent the entry of terrorists, and illegal aliens into the country, interdict drug smugglers and criminals along the border. The border security market is increasingly gaining momentum within the context of the rising threat from terrorist activities and cross-border tensions. Market Research Future (MRFR’s) recently published a report on the global border security market throws light on the pertinent factors that could affect the market’s growth trajectory over the forecast period of 2017-2023.

MRFR’s analysis predicts a CAGR of 8% in the Border Security Market.

Emerging security mandates and enactment of new security policies have propelled the demand for border security systems. Expansion of border security budgets by various countries to curb the threat from unauthorized immigrants has also been instrumental in shaping the growth of the market. The militaries across the globe are deploying border security systems to harness the benefits provided by these systems, such as record maintenance and prevention of illegal activities such as human trafficking. These systems are also utilized in national IDS, and e-passports offices. Moreover, homeland security has attained substantial importance due to which security structures are being ramped up. Technologically advanced border security systems enable surveillance at remote locations from a precise point of view. Technological progress in border security systems has enabled addressing threats in a more cost-effective and expeditious manner which has raised their adoption among militaries, and, in turn, driving the market for border security.

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Key Players

Cobham Plc (U.K), BAE Systems Plc (U.K), Elbit Systems Ltd. (Israel), Lockheed Martin Corporation (U.S.), Raytheon Company (U.S.), General Atomics (U.S.), FLIR Systems, Inc. (U.S.), Thales SA (France), DRS Technologies (U.S.), and Northrop Grumman Corporation (U.S.) are the eminent players in the global border security market.

Industry Updates

June 2019 – Increasing geopolitical tension between Mexico and the US is likely to lead the US government to spend billions of dollars in border security construction projects. various companies are already bidding with the army to win the contract for the same.

Segmentation

The global Border Security Market has been segmented based on platform and system.

By platform, the border security market has been segmented into aerial, ground, and naval.

By system, the border security market has been segmented into the laser, camera, radar, unmanned vehicles, wideband wireless communication, C2C, perimeter intrusion, biometric systems, and others. The biometric systems segment is anticipated to expand rapidly over the forecast. Its growth can be credited to its extensive application at borders  as well as in national IDs, e-visas and e-passport offices.

Regional Analysis

Region-wise, the border security market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).

North America has secured the pole position in the global border security market. The region, especially the US, has been subject to a number of devastating terrorist attacks which has prompted them to invest in border security systems. The region houses immigrants from all over the world due to which the number of illegal immigrants is also considerably high. Rising threats from terrorists have compelled the region to increase the level of security at borders. Moreover, quite a few numbers of leading market players are based in the region, which gives it leverage over others. high inclination towards the deployment of latest and advanced technologies is a prominent feature of the region which has helped the market garner higher market share.

Increasing territorial disputes in the APAC region has laid down favorable groundwork for the growth of the border security market. The governments in the region are increasingly allocating more funds on their mechanism to safeguard their nations from threats which have induced high demand within the border security market. Other factors boosting the growth of the market include economic development, changing socio-economic landscape, and increased investment in surveillance systems.

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List of Tables

Table 1 Border Security: by Region, 2017-2023 
Table 2 North America Border Security: by Country, 2017-2023 
Table 3 Europe Border Security: by Country, 2017-2023 
Table 4 Asia Pacific Border Security: by Country, 2017-2023 
Table 5 Row Border Security: by Country, 2017-2023 
Table 6 Border Security, by Platform, by Regions, 2017-2023 
Table 7 North America Border Security, by Platform, by Country, 2017-2023 
Table 8 Europe Border Security, by Platform, by Country, 2017-2023 
Table 9 Asia Pacific Border Security by Platform, by Country, 2017-2023 
Table 10 Row Border Security by Platform, by Country, 2017-2023

Continued……

List of Figures

Figure 1 Research Process of Mrfr 
Figure 2 Top Down & Bottom Up Approach 
Figure 3 Market Dynamics 
Figure 4 Impact Analysis: Market Drivers 
Figure 5 Impact Analysis: Market Restraints 
Figure 6 Porter’s Five Forces Analysis 
Figure 7 Value Chain Analysis 
Figure 9 Border Security Share, by Platform, 2017 (%) 
Figure 9 Border Security, by Platform, 2017-2023 (Usd Million) 
Figure 10 Border Security Share, by System, 2017 (%)

Continued……

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