Border security is carried out to protect country borders from the illegal movement of contraband, drugs, weapons, and people. Border security helps to promote lawful entry and exit of people; it is important for economic prosperity, national sovereignty, and homeland security. A sudden increase in terrorist activities across the globe has forced nations to rethink on the protection of national boundaries. Rising tension across borders and growing terrorism are estimated to gear up the industry growth over the forecast period. The security systems offer several advantages, such as keeping records of information, external threats at different locations, and enabling nations against terrorism & investigation activities in commercial sectors.
Global Border Security System Industry was valued at USD 39.1 Billion in the year 2018. Global Border Security System Industry is further estimated to grow at a CAGR of 8.6% from 2019 to 2025 to reach USD 67.81 Billion. The major challenges faced by ground border security are illegal migration, conventional international disputes, smuggling, cross-border infiltration, and other forms of criminal activity. Ground-based border security systems comprise systems such as laser, radar, cameras, perimeter intrusion, unmanned ground vehicles (UGV), communication systems among others. These systems are being invented by many defense and military organizations for better intelligence, safety, surveillance, and security.
Global Border Security System Industry Share and Size by 2025 (USD Billion)
Geographically North America is expected to account for the largest share of the overall border security system industry in 2019 due to higher defence spending, and technological advancement. North America was followed by Asia-Pacific and Europe as second and third largest industry for border security system. However with growing technology usage for border protection, increasing terrorism and infiltration activities and mounting tension amongst major nations in the Asia-Pacific is expected to make region fastest growing industry for the border security systems.
Major market Players in Border Security System Industry are Flir Systems Inc., Lockheed Martin Corporation, Cobham Plc, DRS Technologies, General Atomics, Raytheon company, Northrop Grumman Corp., Thales SA, BAE Systems Plc., FLIR systems Inc., and Elbit systems Ltd. and other 10 more company’s detailed information is provided in the report.
Border Security System Industry Segmentation:
Border Security System Industry Overview, by Environment:
Border Security System Industry Overview, by Systems:
Border Security System Industry Overview, By Region