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Border Security Market 2018
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Border Security Market 2018
Border Security Market 2018: Industry Survey, Growth, Competitive
Landscape and Forecasts to 2023
The global market for border security is increasing at a rapid pace. According to a recent study report published by the Market Research Future, The
global market of border security will grow at a rapid pace over the forecast period. The market is forecasted to witness a slow but steady growth by 2023,
which will be a surplus growth at a moderate CAGR during the projected period (2017 -2023).
A sudden rise in terrorist activities across the world has forced nations to rethink on protection of the national boundaries. Security systems are equipped
with different types of cameras, such as pan, tilt, and zoom cameras, which are connected to internet, to gives access to the information from required
locations by wired or wireless connectivity. Aspects, such as rising tension across borders and growing terrorism, are expected to gear up the market
growth over the forecast period
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Border Security Market 2018
“Taste the market data and market information presented through more than 50 market data tables and figures spread in 100
numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Border Security Market
Research Report - Global Forecast 2023”
Technological upgradation in the system has facilitated surveillance at remote and critical locations from the precision point of view. This has further
increased the implementation rate of advanced security systems with larger product features and improved performance with respect to border security.
The security market is predicted to grow in the domain of government & law enforcement area due to the increased crime rates across the globe.
Global Border Security Market is expected to grow at a CAGR of around 8% during 2016-2021. The key factors driving the growth are demand for
mobile warfare systems, driverless cargo inspection systems, demand for persistent ISR, and demand for aerostat and blimps.
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Border Security Market 2018
Segmentation:
The global border security market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Platform: Ground, Aerial, Naval
Segmentation by System : Laser, Radar, Camera, Wide Band Wireless Communication, Perimeter Intrusion, Unmanned Vehicles, C2C, Biometric Systems
and Others
Segmentation by Regions: Comprises Geographical regions - North America, Europe, Asia Pacific, Middle East & Africa and South America.
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Border Security Market 2018
Application & Major Players in this Research:
Border Security Market Prominent Players:
Lockheed Martin Corporation (U.S.),
Raytheon company (U.S.),
Northrop Grumman Corporation (U.S.),
Thales SA (France),
BAE Systems Plc (U.K),
FLIR systems, Inc. (U.S.),
and Elbit systems Ltd. (Israel), Cobham plc (U.K), DRS Technologies (U.S.), General Atomics (U.S.), and others are some of
the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global border security market.
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Border Security Market 2018
Border Security Market Competitive Analysis
Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:
North America dominates the border security market in terms of revenue generation. Presently, the ongoing
operations in Syria and Libya against terrorist groups are prompting the U.S. to use advanced border security systems.
Asia Pacific border security system market is segmented into countries such as China, Japan, India, South Korea, and
Rest of Asia Pacific. The major driver for Asia Pacific region is an increased investment in strengthening the
surveillance and weapon guidance capabilities of China, India, and Japan. Territorial disputes with China along the
Himalayan ranges have also resulted in increased investments by the Indian government in the past few years.
Additionally, the continuous impact of immigrants from Bangladesh and Myanmar has raised internal security
concerns among the law enforcement forces in India, leading the government to establish border fences and improved
surveillance capabilities along the borders.
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