Border Security Market to be dominated by Laser Systems through 2027
The rise in cross-border
issues and the need to modernize the existing border security infrastructure
are expected to drive the demand for the global border security market in the
forecast period, 2023-2027.
According to TechSci Research
report, “Border Security Market -
Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, the global border security market is
anticipated to witness impressive growth in the forecast period, 2023-2027. The
threat of terrorism is rising at a rapid level which is making the countries
adopt advanced weapons and equipment to protect national borders. The need to
secure international borders from unwanted access fuels the need for border
security solutions. The global border security market is driven by the
increased demand to procure surveillance aircraft, submarines, advanced
communication systems and equipment to guard and monitor the country's borders
efficiently. Also, the intelligent surveillance system is gaining popularity among
the armed forces and rise in the awareness about the benefits of investing in
border security solutions is expected to create new growth avenues for the
global border security market in the forecast period.
However, different stringent
environmental regulations of different countries may restrain the market growth
in the forecast period.
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data Figures spread through 110 Pages and an in-depth TOC on "Global
Border Security Market"
The global border security
market is segmented into system, platform, regional distribution, and
competitive landscape.
Based on system, the market
is divided into laser systems, radar systems, camera systems, perimeter
intrusion detection systems, unmanned vehicles, wide-band wireless
communication systems, command and control (C2) systems, biometric systems, and
others. Unmanned vehicles are expected to capture the highest market share in
the forecast period, 2023-2027. They are gaining popularity as they help the
armed forces in precision targeting, situational awareness, communications
relay delivery and defeat threats in different environments and terrains. They
find massive demand in the unknown environment as they lower the risk to human
life and eliminate the fear of getting captured.
Based on the platform, the
market is divided into ground, air, and water. The ground platform is expected
to hold the largest market share in the forecast period. Ground border security
is employed to prevent cross-border infiltration, international disputes,
illegal immigration, and other forms of criminal activity in the country.
On the basis of regional
analysis, the North American region is expected to dominate the market over the
next five years. High defense expenditure and adoption of advanced technologies
and solutions by defense forces are driving the market demand in the region.
Major market players
operating in the global border security market are:
·
Northrop
Grumman Corporation
·
Raytheon
Company
·
BAE
Systems PLC
·
Thales
SA
·
Israel
Aerospace Industries Ltd.
·
Rockwell
Collins, Inc.
·
Airbus
Group SE
·
Elbit
Systems
·
Saab
AB
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“The increase in defense
expenditure of developing and developed countries is expected to have a
positive impact on the market demand in the forecast period, 2023-2027.
According to SIPRI, the total military expenditure increased by 0.7 per cent in
real terms in 2021 to reach a value of $2113 billion. Leading authorities are
constantly looking for solutions that can efficiently monitor border security
and raise them in time so that they can make informed decisions. Border
security solutions are expected to witness high demand as they are
cost-effective, guard and monitor the border constantly and generate
high-resolution images and real-time insights. Market players are advised to
invest in advancing the solutions and introducing novel products to meet the
growing requirements of different countries. High defense expenditure and
ongoing research and development activities are expected to propel the growth
of the global border security market till 2027” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Border Security Market -
Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, Segmented
By System (Laser Systems, Radar Systems, Camera Systems, Perimeter intrusion
detection systems, Unmanned Vehicles, Wide-band Wireless Communication Systems,
Command and Control (C2) Systems, Biometric Systems, Others), By Platform
(Ground, Air, Water), and By Region”, has evaluated the future
growth potential of global border security market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in global border security market.
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