Border Security Market Highlights
Borders and frontiers have always been under intense scrutinization. Border security acts as the first line of defense against unauthorized activities. Deployment of border security is essential to prevent the entry of terrorists, and illegal aliens into the country, interdict drug smugglers and criminals along the border. The border security market is increasingly gaining momentum within the context of the rising threat from terrorist activities and cross-border tensions. Market Research Future (MRFR’s) recently published a report on the global border security market throws light on the pertinent factors that could affect the market’s growth trajectory over the forecast period of 2017-2023.
MRFR’s analysis predicts a CAGR of 8% in the Border Security Market.
Emerging security mandates and enactment of new security policies have propelled the demand for border security systems. Expansion of border security budgets by various countries to curb the threat from unauthorized immigrants has also been instrumental in shaping the growth of the market. The militaries across the globe are deploying border security systems to harness the benefits provided by these systems, such as record maintenance and prevention of illegal activities such as human trafficking. These systems are also utilized in national IDS, and e-passports offices. Moreover, homeland security has attained substantial importance due to which security structures are being ramped up. Technologically advanced border security systems enable surveillance at remote locations from a precise point of view. Technological progress in border security systems has enabled addressing threats in a more cost-effective and expeditious manner which has raised their adoption among militaries, and, in turn, driving the market for border security.
Get a FREE Sample with Complete TOC @ https://www.marketresearchfuture.com/sample_request/1662
Key Players
Cobham Plc (U.K), BAE Systems Plc (U.K), Elbit Systems Ltd. (Israel), Lockheed Martin Corporation (U.S.), Raytheon Company (U.S.), General Atomics (U.S.), FLIR Systems, Inc. (U.S.), Thales SA (France), DRS Technologies (U.S.), and Northrop Grumman Corporation (U.S.) are the eminent players in the global border security market.
Industry Updates
June 2019 – Increasing geopolitical tension between Mexico and the US is likely to lead the US government to spend billions of dollars in border security construction projects. various companies are already bidding with the army to win the contract for the same.
Segmentation
The global Border Security Market has been segmented based on platform and system.
By platform, the border security market has been segmented into aerial, ground, and naval.
By system, the border security market has been segmented into the laser, camera, radar, unmanned vehicles, wideband wireless communication, C2C, perimeter intrusion, biometric systems, and others. The biometric systems segment is anticipated to expand rapidly over the forecast. Its growth can be credited to its extensive application at borders as well as in national IDs, e-visas and e-passport offices.
Regional Analysis
Region-wise, the border security market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).
North America has secured the pole position in the global border security market. The region, especially the US, has been subject to a number of devastating terrorist attacks which has prompted them to invest in border security systems. The region houses immigrants from all over the world due to which the number of illegal immigrants is also considerably high. Rising threats from terrorists have compelled the region to increase the level of security at borders. Moreover, quite a few numbers of leading market players are based in the region, which gives it leverage over others. high inclination towards the deployment of latest and advanced technologies is a prominent feature of the region which has helped the market garner higher market share.
Increasing territorial disputes in the APAC region has laid down favorable groundwork for the growth of the border security market. The governments in the region are increasingly allocating more funds on their mechanism to safeguard their nations from threats which have induced high demand within the border security market. Other factors boosting the growth of the market include economic development, changing socio-economic landscape, and increased investment in surveillance systems.
Early Diners Are Offered Free Customization- Up to 20%
Get More Information on Border Security Market Research Report – Forecast to 2023 @ https://www.marketresearchfuture.com/reports/border-security-market-1662
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
Table 9 Asia Pacific Border Security by Platform, by Country, 2017-2023
Table 10 Row Border Security by Platform, by Country, 2017-2023
Continued……
List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 9 Border Security Share, by Platform, 2017 (%)
Figure 9 Border Security, by Platform, 2017-2023 (Usd Million)
Figure 10 Border Security Share, by System, 2017 (%)
Continued……
Ask for your specific company profile and country level customization on reports.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/border-security-market-1662