Europe Border Security Market Key Players and Forecast by 2028

The border security market in Europe is expected to grow from US$ 10721.69 million in 2021 to US$ 17598.15 million by 2028; it is estimated to grow at a CAGR of 7.3% from 2021 to 2028.

The UK, Germany, Russia and France are major economies in Europe. High investment in advanced weapon systems are the major factor driving the growth of the Europe border security market. Increasing threats of border security safety and aerial attack are creating the enormous requirement for advanced weaponry integrated with laser, RADAR, and advanced camera system. Countries such as the UK, and Russia are strengthening their weapon systems against UAVs, rockets, artillery, and mortar projectiles. The adoption of laser weapon systems is becoming an ideal solution, owing to their enhanced protection techniques and high precision. In July 2019, the UK defence ministry (MOD) invested in strengthening its military weapons such as laser weapons to revolutionize the defence system. The ministry invested ~US$ 162.00 million for the creation of a new Joint program office to manage the program and personnel. The country expects to announce new laser and radiofrequency technology-based weapon systems in the armed forces by 2023. Additionally, in November 2020, France defense minister announced a record-breaking funds of US$ 55 million for the development of high-powered laser weapon system by 2025. Therefore, rising investment in advanced weapons by various countries is driving the growth of the border security market, which is further anticipated to drive the market in Europe.

Owing to the lockdown during the year 2020 because of COVID-19, several defense companies across Europe implemented a wide range of measures like halting or reducing production. The outbreak of the virus has distrusted the supply chain in various countries in this region. The member states of Europe such as Italy, Spain and Germany have implemented drastic measures and travel restrictions to limit the spread of coronavirus among its citizens. Moreover, the spread of COVID-19 at an alarming rate could shift governments’ priorities away from defense and towards healthcare and crisis contingency. For instance, there have already been announcements of spending cuts to EU programs. Most notably, the European Defense Fund (EDF) was originally set to receive US$ 16.32 billion for the next EU Multiannual Financial Network for 2021-27 which was cut to US$ 9.74 billion in May 2020. Thus, the spread of newly mutated strain of COVID-19 is anticipated to affect the Border Security market till first two quarters of 2021  

Europe Border Security Market Segmentation      

Europe Border Security Market – By Environment

• Ground
• Aerial
• Underwater

Europe 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

Europe Border Security Market, by Country

• Germany
• UK
• France
• Italy
• Russia
• Rest of Europe

Europe Border Security Market -Companies Mentioned

• BAE Systems plc
• Elbit Systems Ltd.
• FLIR Systems, Inc
• Israel Aerospace Industries Ltd.
• Leonardo S.p.A.
• Lockheed Martin Corporation
• Northrop Grumman Corporation
• SaaB AB
• Safran
• Thales Group

 

Europe Border Security Report Scope