Press release
Border Security Market Size, Share, Trend, Growth, Latest Technology, Future Prospects With Industry Analysis With Covid Impact -2027
Key Players
Market players included in MRFR's assessment of the competitive landscape are Thales SA, Elbit Systems Ltd., Lockheed Martin Corporation, Cobham Plc, General Atomics , FLIR Systems, Inc., DRS Technologies, Northrop Grumman Corporation, Raytheon Company, and BAE Systems Plc
Market Insights
Border security market is anticipated to grow at a CAGR of over 8% during the forecast period of 2017 to 2023 according to the latest report released by Market Research Future (MRFR). Border security has become a global priority due to rising homeland security and the increased importance of security measures. Rising tensions between borders and increasing acts of terrorism have increased the demand for effective border security.
Cross-border tensions have been increasing in recent years due to a combination of various socio-economic and political tensions, thus driving demand for appropriate security measures. Border security systems offer various advantages such as the recording of pertinent information and enabling investigation activities while controlling external threats in different locations.
Free Sample Report @ https://www.marketresearchfuture.com/sample_request/1662
The military sector also makes great use of these systems, thus driving growth for the market. Additionally, illegal immigration, human trafficking, and individuals seeking asylum have grown exponentially in the recent years due to several socio-economic and political factors which are expected to result in the heavy use of border security systems for the reduction of the same. Governments are taking initiatives to set up the provision of national IDS, and e-passports which will drive the adoption of border security systems.
Innovation in technology is expected to facilitate increased implementation of advanced systems and provide market growth opportunities over the assessment period.
Market Segmentation
The global border security market is segmented on the basis of platform, system, and regions. By platform, the market is segmented into aerial, ground, and naval.
By system, the market is segmented into the laser, camera, radar, wideband wireless communication, unmanned vehicles, C2C, perimeter intrusion, biometric systems and others. Biometric systems are used extensively at the border and initiatives such as national IDs, e-visas and e-passport are expected to drive the use of biometric systems.
Globally, the market is segmented into the Americas, Europe, Asia Pacific and the Rest of the World.
Regional Analysis
North America accounts for the largest regional market in the global border security market. The region, particularly the U.S. has witnessed several devastating terrorist attacks and have a high population of illegal immigrants which drive the demand for border security equipment and systems. The region is home to several leading market players and displays a strong affinity toward the adoption of highly advanced equipment.
The Asia Pacific has been observed to be a strengthening market due to rising investments in surveillance systems. China, India, and Japan are among the leaders of this market. Rapid economic development and changing socio-economic factors have resulted in increased demand for border security. Territorial disputes between countries in the APAC has further increased investments in border security. High government support with regards to securing borders is also facilitating growth for the market.
Latest Industry News
Brazil has increased their border security due to a large number of migrants looking to enter illegally.
A city in Texas, Corpus Christi, has received USD 40,000 in the grant to reinforce border security.
Border Security Market Research Report: By Platform (Ground, Aerial, Naval), System (Laser, Radar, Camera, Wide Band Wireless Communication, Perimeter Intrusion, Unmanned Vehicles, C2C, Biometric Systems and others) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2027 @ https://www.marketresearchfuture.com/reports/border-security-market-1662
WantStats Research and Media Pvt. Ltd. Office No. 528, Amanora Chambers Pune -, 411028 Maharashtra, India
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and also about what action to take based on these aspects.
Our fast growing industry research firm is backed by a proficient team of research analysts that offers valuable analytics and data with respect to technological and economical advancements. Our deemed analysts perform industrial visits and procure the relevant information from prominent market players. Our key objective is to keep our clients abridged of the potential opportunities and challenges in different markets. We provide step-by-step assistance to our respected clients, via strategic and consulting services to reach a managerial and actionable decision.
Market players included in MRFR's assessment of the competitive landscape are Thales SA, Elbit Systems Ltd., Lockheed Martin Corporation, Cobham Plc, General Atomics , FLIR Systems, Inc., DRS Technologies, Northrop Grumman Corporation, Raytheon Company, and BAE Systems Plc
Market Insights
Border security market is anticipated to grow at a CAGR of over 8% during the forecast period of 2017 to 2023 according to the latest report released by Market Research Future (MRFR). Border security has become a global priority due to rising homeland security and the increased importance of security measures. Rising tensions between borders and increasing acts of terrorism have increased the demand for effective border security.
Cross-border tensions have been increasing in recent years due to a combination of various socio-economic and political tensions, thus driving demand for appropriate security measures. Border security systems offer various advantages such as the recording of pertinent information and enabling investigation activities while controlling external threats in different locations.
Free Sample Report @ https://www.marketresearchfuture.com/sample_request/1662
The military sector also makes great use of these systems, thus driving growth for the market. Additionally, illegal immigration, human trafficking, and individuals seeking asylum have grown exponentially in the recent years due to several socio-economic and political factors which are expected to result in the heavy use of border security systems for the reduction of the same. Governments are taking initiatives to set up the provision of national IDS, and e-passports which will drive the adoption of border security systems.
Innovation in technology is expected to facilitate increased implementation of advanced systems and provide market growth opportunities over the assessment period.
Market Segmentation
The global border security market is segmented on the basis of platform, system, and regions. By platform, the market is segmented into aerial, ground, and naval.
By system, the market is segmented into the laser, camera, radar, wideband wireless communication, unmanned vehicles, C2C, perimeter intrusion, biometric systems and others. Biometric systems are used extensively at the border and initiatives such as national IDs, e-visas and e-passport are expected to drive the use of biometric systems.
Globally, the market is segmented into the Americas, Europe, Asia Pacific and the Rest of the World.
Regional Analysis
North America accounts for the largest regional market in the global border security market. The region, particularly the U.S. has witnessed several devastating terrorist attacks and have a high population of illegal immigrants which drive the demand for border security equipment and systems. The region is home to several leading market players and displays a strong affinity toward the adoption of highly advanced equipment.
The Asia Pacific has been observed to be a strengthening market due to rising investments in surveillance systems. China, India, and Japan are among the leaders of this market. Rapid economic development and changing socio-economic factors have resulted in increased demand for border security. Territorial disputes between countries in the APAC has further increased investments in border security. High government support with regards to securing borders is also facilitating growth for the market.
Latest Industry News
Brazil has increased their border security due to a large number of migrants looking to enter illegally.
A city in Texas, Corpus Christi, has received USD 40,000 in the grant to reinforce border security.
Border Security Market Research Report: By Platform (Ground, Aerial, Naval), System (Laser, Radar, Camera, Wide Band Wireless Communication, Perimeter Intrusion, Unmanned Vehicles, C2C, Biometric Systems and others) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2027 @ https://www.marketresearchfuture.com/reports/border-security-market-1662
WantStats Research and Media Pvt. Ltd. Office No. 528, Amanora Chambers Pune -, 411028 Maharashtra, India
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and also about what action to take based on these aspects.
Our fast growing industry research firm is backed by a proficient team of research analysts that offers valuable analytics and data with respect to technological and economical advancements. Our deemed analysts perform industrial visits and procure the relevant information from prominent market players. Our key objective is to keep our clients abridged of the potential opportunities and challenges in different markets. We provide step-by-step assistance to our respected clients, via strategic and consulting services to reach a managerial and actionable decision.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
