IMARC Group, a leading market research company, has recently released a report titled “Border Security System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.” The study provides a detailed analysis of the industry, including the global border security system market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Border Security System Market?
The global border security system market size reached US$ 40.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 60.9 Billion by 2027, exhibiting a growth rate (CAGR) of 6.77% during 2022-2027.
Border security systems are a range of protective solutions that are required for constant surveillance and maintenance of security over a particular territory. Some of the common border security systems include a ground sensor, elemental isotope detector, aerostats, cargo scanners, drones, fixed surveillance towers, and satellite surveillance. Border security systems enable excellent coordination of intelligence, surveillance, and reconnaissance (ISR) efforts while supporting tactical patrol agents, stationary control centers, and deployed command posts.
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What are the Growth Prospects and Trends in the Border Security System Market?
A rapid rise in the adoption of unmanned system solutions by the defense and military sectors is majorly fueling the border security system market growth. This is further supported by rising territorial conflicts and unstable geopolitical conditions. Moreover, leading players and defense authorities of various nations have been consistently investing in advancing digital technology to offer real-time connection across a wider area, which is influencing the market positively. Furthermore, rapid economic growth and increasing export activities, especially in developing countries, have escalated the demand for efficient border security systems across the globe.
Who are the Key Players Operating in the Border Security System Industry?
The report has also analysed the competitive landscape of the market with some of the key players.
- Airbus Group SE
- BAE Systems PLC
- Controp Precision Technologies Ltd. (Rafael Advanced Defense Systems)
- Elbit Systems
- Flir Systems Inc.
- Israel Aerospace Industries Ltd.
- Leonardo S.p.A.
- Lockheed Martin Corporation
- Moog Inc.
- Northrop Grumman Corporation
- Raytheon Company
- Saab AB
- Safran Group
- Thales SA.
Key Market Segmentation:
The report has segmented the global border security system market based on platform, system type and region.
Breakup by Platform:
- Ground
- Aerial
- Naval
Breakup by System Type:
- Radar Systems
- Ground Surveillance Radar (GSR)Systems
- Air Surveillance Radar (ASR) Systems
- Coastal Surveillance Radar (CSR) Systems
- Laser Systems
- Camera Systems
- IR and Thermal Imaging Cameras
- CCTV
- Perimeter Intrusion Detection Systems/ Intelligent Fencing Systems
- Electric Fencing Systems
- Laser Fencing Systems
- Unmanned Vehicles
- Unmanned Aerial Vehicles (UAV)
- Unmanned Ground Vehicles (UGV)
- Unmanned Underwater Vehicles (UUV- Autonomous and Remotely Controlled)
- Wide-Band Wireless Communication Systems
- Command and Control (C2) Systems
- Display Systems (LED Displays or Projection-Based Displays)
- Video Distribution Systems
- Audio Systems
- Biometric Systems
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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