Border Security Market Forecasts to 2028 – Global Analysis By Platform (Land/ Ground, Sea/ Naval, Air/ Aerial), Application (Defense, Sentries), Sales Channel (Direct Sales, Distributor) and By Geography
According to Stratistics MRC, the Global Border Security Market is accounted for $44,271.21 million in 2020 and is expected to reach $83,164.79 million by 2028 growing at a CAGR of 8.2% during the forecast period. Factors such as rising geopolitical instabilities, increasing territorial conflicts, growing defense spending by countries around the world are driving the growth of the market. However, strict government rules and regulations are hampering the growth of the market.
Border security is crucial for protecting the country from intruders and illegal activities. Various systems are implemented for better surveillance facility and accurate locations of the target. It helps to protect the citizens and keep them secure from any illegal activities.
Based on the platform, the sea segment is anticipated to expand at a rapid pace during the forecast period due to the growing surveillance over the sea by various countries as a result of the increasing threats over international waters. By geography, Asia Pacific is going to have high growth during the forecast period which can be attributed to the ongoing border issues between various countries in the region and the increasing activities to protect their territories.
Some of the key players profiled in the Border Security Market include Lockheed Martin , Thales Group, Northrop Grumman, L-3 Technologies, BAE Systems, Raytheon, Israel Aerospace Industries (IAI), FLIR Systems, Leonardo, Rockwell Collins, Harris, General Dynamics, Elbit Systems, Leidos Holdings, and QinetiQ Group.
Estimated Market Size in 2020:
USD 44,271.21 million
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 83,164.79 million
Tables, Graphs & Figures
Platform, System, Application, Sales Channel, and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Land/ Ground
• Sea/ Naval
• Air/ Aerial
• Wide Band Wireless Communication
• Unmanned Vehicles
• Command and Control (C2C) Systems
• Perimeter Intrusion
• Biometric Systems
• Physical Infrastructure
Sales Channels Covered:
• Direct Sales
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Border Security Market is majorly driven by rising geopolitical instabilities, increasing territorial conflicts, growing defense spending by countries around the world.
The biometric systems segment is growing at a highest CAGR as it helps to track dangerous terrorist activities.
North America dominated with a significant market share due to the factors such as the presence of key players in the market and the favorable government policies in the developed countries of the region.
Asia Pacific market is growing at a highest CAGR owing to the ongoing border issues between various countries in the region.
Key players in Border Security Market include Lockheed Martin , Thales Group, Northrop Grumman, L-3 Technologies, BAE Systems, Raytheon, Israel Aerospace Industries (IAI), FLIR Systems, Leonardo, Rockwell Collins, Harris, General Dynamics, Elbit Systems, Leidos Holdings, and QinetiQ Group.
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