Border Security Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Environment (Ground, Aerial, and Underwater) and 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, and Others)
Publication Month: May 2021 | Report Code: TIPRE00019352 | No. of Pages: 162 | Category: Aerospace and Defense | Status: Published
The border security market was valued at US$ 44,271.21 million in 2020 and is projected to reach US$ 69,750.88 million by 2028; it is expected to grow at a CAGR of 6.2% from 2021 to 2028.
A constant rise in territorial conflicts and geopolitical instabilities is the major factor driving the demand for advanced border security solutions across the world. Further, the mounting procurement of patrol aircraft, marine vessels, surveillance aircraft, transport helicopters, amphibious aircraft, ground attack helicopters, and submarines for enhanced border security is anticipated to drive the growth of the border security market during the forecast period. Also, increasing modernization of the current border security infrastructure is propelling the growth of the border security market worldwide. Further, the growing adoption of intelligent surveillance system (ISS) is gaining attention of the military forces, owing to the mounting demand for enhanced border security and safety. This system is capable of automatically analyzing the video, image, audio, or other type of surveillance data without or with restricted human intervention. The increasing developments of advanced electronic devices such as computer vision, sensor, artificial intelligence, and machine learning plays a significant role in empowering these intelligent systems. The intelligent surveillance system consists of probable sensor modalities and their fusion developments for designing advanced security system such as infrared camera, visible camera (CCTV), thermal camera, and radar system. In intelligent surveillance system (ISSs), several technologies, such as pattern recognition, computer vision, and artificial intelligence technologies are integrated to detect abnormalities in audio, images, and videos. This is further boosting the growth of the border security market globally.
Impact of COVID-19 Pandemic on Border Security Market
The outbreak of the COVID-19 has severely impacted the defense, aerospace, aviation, and other related industries. The emergence of COVID-19 virus has led to lockdown and unprecedented series of border closures across the world, This disruption is expected to leave an impact on the defense industry through till mid-2021. With the rising concern of health of the public, governments across nations are focused on investing on healthcare and related industries and there has been a shift of budget allocation from defense to healthcare. However, the pandemic has proved that careful coordination is required between all border agencies to ensure effective security measures. Moreover, demand for defense related products such as border security systems will remain unaffected as the budgets for defense related projects had been allocated prior to the pandemic and the projects are extremely critical to national defense.
Lucrative Regions for Border Security Providers
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Border Security Market Insights
Mounting Demand from Unmanned Vehicles
Unmanned aerial vehicles (UAVs), Unmanned underwater vehicle (UUV), and unmanned ground vehicles (UGVs) are being deployed across industries for a wide range of applications, such as mapping & surveying, aerial photography & videography, asset inspection, search & rescue operations, exploration & research, and emergency response. The advantage of using such vehicles during wars is to avoid humiliation in case the aircraft is shot down, and the pilot is captured. Further, the adoption of unmanned underwater vehicles, unmanned aerial vehicles, and unmanned ground vehicles across defence industries is rising at an impressive pace and it is anticipated to drive the future demand of efficient and advanced long range obstacle detection and collision avoidance systems. The application of UUVs, UAVs and UGVs by defence forces and law enforcement agencies for applications such as search & rescue operations, crowd monitoring, site exploration, and location monitoring is further driving the demand for these vehicles across the world.
Environment - Based Market Insights
Based on environment, the border security market is segmented into ground, aerial, and underwater. In 2020, the ground segment accounted for the largest share in the market. The border crossings, formal security controls, and substantial fences offer suitable protection; however, in remote areas, the cost of giving as well as maintaining effective physical barriers is very high. Thus, the Blighter radar are being deployed as the primary detection sensor for high-range remote surveillance platform and can sense slow moving targets, even in mountainous terrains.
Border Security Market, by Type – 2020 and 2028
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System-Based Market Insights
Based on system, the border security market is sub-segmented into 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 accounted for the largest market share. These vehicles are used for surveillance, reconnaissance, and visual imaging applications, and comprises common feature used by the US military forces. A large part of the military forces across the world is set to decrease the number of human soldiers and deploy large units of robots used by the military during the forecast period, thus enhancing the human soldier capabilities by increasing the smaller lethal agile forces in the army, which are readily deployable.
Strategic Insights
The players operating in the Border Security market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:
In 2021, Safran Corporate Ventures has invested in SkyFive as a part of the company’s Series A investment round. The investment round was led by Safran Corporate Ventures together with STAR Capital, a European private equity fund manager with a track record of developing emerging infrastructure businesses.
In 2019, Lockheed Martin successfully demonstrated the Advanced Test High Energy Asset (ATHENA) laser weapon system. The laser weapon system was shown for the US Air Force at a government test range at Fort Sill, Oklahoma.
By Environment
- Ground
- Aerial
- Underwater
By System
- Laser System
- RADAR System
- Camera System
- Perimeter Intrusion Detection System
- Command and Control (C2) System
- Biometric System
- Others
By Geography
- North America
- US
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
- Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of APAC
- Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
- South America (SAM)
- Brazil
- Argentina
- Rest of SAM
Company Profiles
- Lockheed Martin Corporation
- Thales SA
- Flir Systems, Inc.
- Bae Systems Plc
- Elbit Systems
- Northrop Grumman Corporation
- Saab AB
- Leonardo
- Israel Aerospace Industries Ltd.
- Safran
Frequently Asked Questions
The List of Companies - Border Security Market
- Lockheed Martin Corporation
- Thales SA
- Flir Systems, INC.
- Bae Systems Plc
- Elbit Systems
- Northrop Grumman Corporation
- Saab AB
- Leonardo
- Israel Aerospace Industries Ltd.
- Safran
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Border Security market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the global Border Security market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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