Border Security Market
Added: (Mon Nov 22 2021)
Pressbox (Press Release) -
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, 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.
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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.
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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.
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.
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