DUBLIN, March 30, 2023 /PRNewswire/ — The “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, Others), By Platform, and By Region” report has been added to ResearchAndMarkets.com’s offering.
The global border security market is anticipated to witness a steady CAGR in the forecast period, 2023-2027.
Companies Mentioned
Lockheed Martin Corporation
Northrop Grumman Corporation
Raytheon Company
BAE Systems PLC
Thales SA
Israel Aerospace Industries Ltd.
Rockwell Collins, Inc.
Airbus Group SE
Elbit Systems
Saab AB
Factors such as the surge in territorial conflicts and cross-border issues and the high defense expenditure by the developing countries are driving the demand for the global border security market.
Also, the growing need for unmanned system solutions by different military and defense forces and high-end investments for research and development activities by public and private market players are expected to create lucrative growth opportunities for the global border security market in the forecast period.
Increased Popularity of Unmanned Vehicles Drives the Market Growth
Unmanned vehicles are gaining popularity across the globe as they find uses in various end-user applications. Unmanned vehicles can be used to maintain a safe environment. With their enhanced capabilities, drones can be used to monitor locations and alert the concerned authorities about the possible threats in the oil and gas industry. They find high demand from the defence sector as they can be used in places where the risk is high and is not accessible.
Unmanned vehicles provide real-time updates, which helps the armed forces to make informed decisions and strategies. Countries prefer to invest in unmanned system solutions as they help them to increase the number of lives saved in a combat situation. Also, they used to secure the long borders of any country, which helps the armed forces to counter a diverse array of threats.
They efficiently fill the void in the current border surveillance as they increase the coverage area along remote sections and monitor every part of the country. They are less expensive than the other manned aircraft on the borders. Therefore, the benefits offered by unmanned vehicles are expected to accelerate the demand for the global border security market over the forecast period.
Ongoing Research and Development Activities Supports the High Market Demand
Leading authorities are investing in the technologies, weapons, and equipment to ensure the safety of their citizen. The countries have started to use chemical detectors, lasers, electro-optical cameras, X-rays, unmanned vehicles, perimeter intrusion detection systems, and cameras, amongst others.
Emerging technologies such as the internet of things, machine learning, blockchain and biometrics have introduced new threats and opportunities which require a rapid response from the market players.
Market players are increasing their investments in research and development activities to increase the performance and accuracy of their border security solutions. The advent of advanced laser systems that are equipped with a long-range acoustic device allows to talk to someone and give commands to suspect vessels.
The advancements in biometric technology, such as the development of facial recognition software, prevent unauthorized access to confidential information. The launch of better performing border security solutions and continuous upgrade of the solutions by the market players is expected to boost the growth of the global border security market in the forecast period.
Report Scope:
In this report, global border security market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Border Security Market, 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
Border Security Market, By Platform:
Ground
Air
Water
Border Security Market, By Region:
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
Thailand
Indonesia
Australia
South Korea
Europe & CIS
Germany
France
United Kingdom
Spain
Italy
Netherlands
Russia
Poland
South America
Brazil
Argentina
Middle East & Africa
Saudi Arabia
Iran
Israel
UAE
Turkey
For more information about this report visit https://www.researchandmarkets.com/r/qctpjz
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SOURCE Research and Markets
