South America Border Security Market is expected to reach US$ 3,187.62 Mn by 2028

Ground Segment to Dominate SAM Border Security Market during 2020–2028

According to The Insight Partners market research study on “SAM Border Security Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Environment and System,” is expected to reach US$ 3187.62 million by 2028 from US$ 2337.37 million in 2021. The market is estimated to grow at a CAGR of 4.5% from 2021 to 2028. The report provides trends prevailing in the SAM border security market along with the drivers and restraints pertaining to the market growth. Growing investment in advanced weapon systems are the major factor driving the growth of the SAM border security market. However, high initial investment and maintenance costs hinder the growth of SAM border security market.

Brazil has the third highest number of COVID-19 cases in the South America, countries including Colombia, Ecuador, Chile, Peru, and Argentina, among others are also witnessing the adverse impacts of the pandemic across various industries. The government of South America has taken an array of actions to protect their citizens and contain COVID-19’s spread. It is anticipated that the market in South America will face steep decline as the majority of stimulus package deployed by the government were majorly focused to public healthcare and tax relief. In addition to this, the decline in activity was larger in labor-intensive service industries than in capital-intensive primary and manufacturing ones, causing unemployment to jump in most countries. The steep fall in business activities and product sales are expected to directly affect the growth rate of Border Security Market in this region for the next three to four quarters.

The SAM border security market is segmented on the bases of environment, system, and country. Based on environment, the market is segmented into ground, aerial, and underwater. In 2020, the ground segment held the largest share SAM border security market. Based on system, the border security market is categorized as Laser Systems, Radar Systems, Camera Systems, Perimeter Intrusion Detection Systems, Unmanned Vehicles, Wide-band Wireless Communication Systems, Command and Control (C2) Systems, Biometric Systems, and Others. In 2020, the Unmanned Vehicles segment held the largest share SAM border security market

BAE Systems plc; Elbit Systems Ltd.; FLIR Systems, Inc; Israel Aerospace Industries Ltd.; Leonardo S.p.A.; Lockheed Martin Corporation; SaaB AB; Safran; Thales Group are among the leading companies in the SAM border security market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2018, UniPrint.net acquired announced the acquisition cloud printing solutions provider ePRINTit a wholly-owned subsidiary of St. Joseph Printing Group Inc

The report segments the SAM Border Security Market as follows:

SAM Border Security Market – By Environment

• Ground
• Aerial
• Underwater

SAM Border Security Market – By System

• Unmanned Vehicles
• Radar Systems
• Command and Control (C2) Systems
• Wide-band Wireless Communication Systems
• Camera Systems
• Perimeter Intrusion Detection Systems
• Laser Systems
• Biometric Systems
• Others

SAM Border Security Market – By Country

• Brazil
• Argentina
• Rest of SAM