South America Border Security Market Growth and Recent Trends by 2028

The border security market in SAM is expected to grow from US$ 2337.37 million in 2021 to US$ 3187.62 million by 2028; it is estimated to grow at a CAGR of 4.5% from 2021 to 2028.

The Brazil and Argentina are major economies in SAM. Growing investment in advanced weapon systems are the major factor driving the growth of the SAM 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 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. The country is focused on developing laser weapons to counter terrorist drone activities and compete. 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 SAM.

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  

SAM Border Security Market Segmentation

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

SAM 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
• SaaB AB
• Safran
• Thales Group

South America Border Security Report Scope