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
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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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Environment and System Systems
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
UK, Germany, France, Italy, Russia
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Border Security Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to New Entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Europe Border Security Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Booming Demand from Unmanned Vehicles
5.1.2 High Investment in Advanced Weapon Systems
5.2 Market Restraints
5.2.1 Low Adoption of RADAR and Laser Border Security Systems Across Asian Countries
5.2.2 Growing Initial Investment and Maintenance Costs
5.3 Market Opportunities
5.3.1 Advancement of Laser Weapon System for Fighter Aircraft
5.4 Future Trends
5.4.1 Rising Adoption of Intelligent Surveillance System:
5.5 Impact Analysis of Drivers and Restraints
6. Border Security Market – Europe Market Analysis
6.1 Europe Border Security Market Overview
6.2 Europe Border Security Market Forecast and Analysis
7. Europe Border Security Market Revenue and Forecast to 2028 – Environment
7.1 Overview
7.2 Europe Border Security Market Breakdown, By Environment (2020 and 2028)
7.3 Ground
7.3.1 Overview
7.3.2 Ground Market Revenue and Forecasts to 2028 (US$ Million)
7.4 Aerial
7.4.1 Overview
7.4.2 Aerial Market Revenue and Forecasts to 2028 (US$ Million)
7.5 Underwater
7.5.1 Overview
7.5.2 Underwater Market Revenue and Forecasts to 2028 (US$ Million)
8. Europe Border Security Market Analysis– By System
8.1 Overview
8.2 Europe Border Security Market Breakdown, By System (2020 and 2028)
8.3 Laser System
8.3.1 Overview
8.3.2 Laser System Market Revenue and Forecasts to 2028 (US$ Million)
8.4 Radar System
8.4.1 Overview
8.4.2 Radar System Market Revenue and Forecasts to 2028 (US$ Million)
8.5 Camera System
8.5.1 Overview
8.5.2 Camera System Market Revenue and Forecasts to 2028 (US$ Million)
8.6 Perimeter Intrusion Detection Systems
8.6.1 Overview
8.6.2 Perimeter Intrusion Detection Systems Market Revenue and Forecasts to 2028 (US$ Million)
8.7 Unmanned Vehicles
8.7.1 Overview
8.7.2 Unmanned Vehicles Market Revenue and Forecasts to 2028 (US$ Million)
8.8 Wide-band Wireless Communication Systems
8.8.1 Overview
8.8.2 Wide-band Wireless Communication Systems Market Revenue and Forecasts to 2028 (US$ Million)
8.9 Command and Control (C2) Systems
8.9.1 Overview
8.9.2 Command and Control (C2) Systems Market Revenue and Forecasts to 2028 (US$ Million)
8.10 Biometric Systems
8.10.1 Overview
8.10.2 Biometric Systems Market Revenue and Forecasts to 2028 (US$ Million)
8.11 Others
8.11.1 Others Market Revenue and Forecasts to 2028 (US$ Million)
9. Europe Border Security Market – Country Analysis
9.1 Overview
9.1.1 Europe: Border Security Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2 Europe: Border Security Market, by Key Country
9.1.2.1 Germany: Border Security Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.1.1 Germany: Border Security Market, By Environment
9.1.2.1.2 Germany: Border Security Market, By System
9.1.2.2 France: Border Security Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.2.1 France: Border Security Market, By Environment
9.1.2.2.2 France: Border Security Market, By System
9.1.2.3 Italy: Border Security Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.3.1 Italy: Border Security Market, By Environment
9.1.2.3.2 Italy: Border Security Market, By System
9.1.2.4 UK: Border Security Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.4.1 UK: Border Security Market, By Environment
9.1.2.4.2 UK: Border Security Market, By System
9.1.2.5 Russia: Border Security Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.5.1 Russia: Border Security Market, By Environment
9.1.2.5.2 Russia: Border Security Market, By System
9.1.2.6 Rest of Europe: Border Security Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.6.1 Rest of Europe: Border Security Market, By Environment
9.1.2.6.2 Rest of Europe: Border Security Market, By System
10. Impact of COVID-19 Pandemic on Europe Border Security Market
10.1 Overview
11. Industry Landscape
11.1 Market Initiative
11.2 Merger and Acquisition
11.3 New Development
12. Company Profiles
12.1 Lockheed Martin Corporation
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Thales Group
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 FLIR Systems, Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 BAE Systems plc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Elbit Systems Ltd.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Northrop Grumman Corporation
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 SaaB AB
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Leonardo S.p.A.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Israel Aerospace Industries Ltd.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Safran
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Financial Overview
12.10.4 SWOT Analysis
12.10.5 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Europe Border Security Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. Europe Border Security Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany: Border Security Market, By Environment – Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany: Border Security Market, By System – Revenue and Forecast to 2028 (US$ Million)
Table 5. France: Border Security Market, By Environment – Revenue and Forecast to 2028 (US$ Million)
Table 6. France: Border Security Market, By System – Revenue and Forecast to 2028 (US$ Million)
Table 7. Italy: Border Security Market, By Environment – Revenue and Forecast to 2028 (US$ Million)
Table 8. Italy: Border Security Market, By System – Revenue and Forecast to 2028 (US$ Million)
Table 9. UK: Border Security Market, By Environment – Revenue and Forecast to 2028 (US$ Million)
Table 10. UK: Border Security Market, By System – Revenue and Forecast to 2028 (US$ Million)
Table 11. Russia: Border Security Market, By Environment – Revenue and Forecast to 2028 (US$ Million)
Table 12. Russia: Border Security Market, By System – Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of Europe: Border Security Market, By Environment – Revenue and Forecast to 2028 (US$ Million)
Table 14. Rest of Europe: Border Security Market, By System – Revenue and Forecast to 2028 (US$ Million)
Table 15. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Border Security Market Segmentation
Figure 2. Europe Border Security Market Segmentation – By Country
Figure 3. Europe Border Security Market Overview
Figure 4. Ground Segment held the Largest Share of Europe Border Security Market
Figure 5. Unmanned Vehicles Segment held the Largest Share of Europe Border Security Market
Figure 6. Russia to Show Great Traction During Forecast Period
Figure 7. Porter’s Five Forces Analysis
Figure 8. Border Security Market, Ecosystem
Figure 9. Europe Border Security Impact Analysis of Drivers and Restraints
Figure 10. Europe Border Security Market Forecast and Analysis (US$ Million)
Figure 11. Europe Border Security Market Breakdown, By Environment (2020 and 2028)
Figure 12. Ground Market Revenue and Forecasts to 2028 (US$ Million)
Figure 13. Aerial Market Revenue and Forecasts to 2028 (US$ Million)
Figure 14. Underwater Market Revenue and Forecasts to 2028 (US$ Million)
Figure 15. Europe Border Security Market Breakdown, By System (2020 and 2028)
Figure 16. Laser System Market Revenue and Forecasts to 2028 (US$ Million)
Figure 17. Radar System Market Revenue and Forecasts to 2028 (US$ Million)
Figure 18. Camera System Market Revenue and Forecasts to 2028 (US$ Million)
Figure 19. Perimeter Intrusion Detection Systems Market Revenue and Forecasts to 2028 (US$ Million)
Figure 20. Unmanned Vehicles Market Revenue and Forecasts to 2028 (US$ Million)
Figure 21. Wide-band Wireless Communication Systems Market Revenue and Forecasts to 2028 (US$ Million)
Figure 22. Command and Control (C2) Systems Market Revenue and Forecasts to 2028 (US$ Million)
Figure 23. Biometric Systems Market Revenue and Forecasts to 2028 (US$ Million)
Figure 24. Others Market Revenue and Forecasts to 2028 (US$ Million)
Figure 25. Europe: Border Security Market – Revenue by Country to 2028 (US$ Million)
Figure 26. Europe: Border Security Market Revenue Share, by Key Country (2020 and 2028)
Figure 27. Germany: Border Security Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. France: Border Security Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Italy: Border Security Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. UK: Border Security Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Russia: Border Security Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Rest of Europe: Border Security Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Impact of COVID-19 Pandemic in Europe Country Markets
- 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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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