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Border Security Market Research Report 2019 published By Market Research Future, provides information on Global Border Security Industry Size, Share, Trends, Growth and Opportunity Assessment with 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 2023Market Insights
The border security market is a vast and extremely dynamic market that encompasses a wide range of products that are sorely suitable for border security applications. On this regard, the global border security market is estimated to witness a CAGR of 8% and above during the forecast period. This report has been presented by Market Research Future that has analyzed all the parameters of the market comprising regional market share, drivers and trends, segmentation, growth graph and more.
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Border security is mandated to protect country borders from all illegal movement of weapons, people, contraband, and drugs. Border security helps to promote legal entry and exit of people, protects the homeland, national sovereignty, and economic prosperity. Recently, there has been a considerable rise in terrorist activities across the globe that has eventually forced nations to make thoughtful decisions over national boundaries. Such rising tension incurred the market of border security, which is expected to increase exponentially by the forecast period.
The border security systems offer several benefits, such as keeping records of information, investigation terrorism activities, and external threats from different locations. These systems are considerably high in the military sector owing to the rise in threat of terrorism and cross-border interference.
Key Players
• Raytheon company (U.S.)
• Northrop Grumman Corporation (U.S.)
• Lockheed Martin Corporation (U.S.)
• Thales SA (France)
• BAE Systems Plc (U.K)
• FLIR Systems Inc. (U.S.)
• Elbit Systems Ltd. (Israel)
• Cobham Plc (U.K)
• DRS Technologies (U.S.)
• General Atomics (U.S.)
Global Border Security Market Drivers & Trends
Growing cases of terrorist attacks, wars and domestic wars due to political unrest, communism, riots, and others have fostered the adoption of security solutions. Also, an increasing number of natural as well as human-made disasters including earthquakes, floods, cyclones, fire, industrial hazards, rail accidents, plane crash, and others are expected to drive the market with a definite pull.
Currently, there has been observance towards a significant rise in the biometric systems in the border security market. It has been calculated that in the coming years, there is a significant reduction in illegal immigration and human trafficking interference, which could be seen due to the acceptance of biometric systems on a large scale. Several initiatives such as the development of national IDs, e-passports, and e-visas are expected to be the foremost drivers for the increased adoption of biometric systems.
Furthermore, several technological innovations in border security system have also enabled surveillance at remote locations, which has further increased the implementation of advanced security systems having grander product features and improved performance concerning border security. One of the essential products is the camera used in border security. Different cameras such as pan, tilt, and zoom cameras are used, which is significantly taking the border security market to the next level. These cameras give prompt information from desired locations through wireless connectivity using the internet.
Many military and defense sectors are using the usage of cameras, lasers, radars and more for intelligence, surveillance, safety, and security purposes. With extensive usages of these has encouraged the border security market to flourish instantaneously in the future to benefit every nation border security line.
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Global Border Security Market Segmentation
Market Research Future Report offers a comprehensive segmental analysis of the global border security market that is listed on the basis of the platform, system, and region.
By the mode of the platform, the market segment comprises of ground, aerial, and naval.
By the mode of the system, this market segment comprises of the laser, radar, camera, wideband wireless communication, perimeter intrusion, unmanned vehicles, C2C, and biometric systems and others.
Regional Outlook
According to the reports published by Market Research Future Reports, the border security market is spanning highly across North America that leads to the border security market in terms of revenue generation. Currently, the ongoing operations in Syria and Libya against terrorist groups are prompting the U.S. to use advanced border security systems.
Whereas, in the Asia Pacific, the border security system market is also rising considerably across countries such as China, Japan, India, South Korea. The encouraging driver for the market in the Asia Pacific region is the increasing investments being made in strengthening the surveillance and weapon guidance capabilities of China, India, and Japan. Some territorial disputes with China over the Himalayan ranges have also resulted in augmented investments by the Indian government. Also, many internal acts of immigrants from neighboring countries had also raised internal security in India and are leading the government to establish more border fences and improved surveillance capabilities along the borders.
Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Threat of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power of Buyers
3.2 Value Chain/supply Chain Analysis
Continued........
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
Continued........
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Release ID: 501876