According to Stratistics MRC, the Global Border Security Market is accounted for $44,271.21 million in 2020 and is expected to reach $83,164.79 million by 2028 growing at a CAGR of 8.2% during the forecast period. Factors such as rising geopolitical instabilities, increasing territorial conflicts, growing defense spending by countries around the world are driving the growth of the market. However, strict government rules and regulations are hampering the growth of the market.
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Based on the platform, the sea segment is anticipated to expand at a rapid pace during the forecast period due to the growing surveillance over the sea by various countries as a result of the increasing threats over international waters. By geography, Asia Pacific is going to have high growth during the forecast period which can be attributed to the ongoing border issues between various countries in the region and the increasing activities to protect their territories.
Some of the key players profiled in the Border Security Market include Lockheed Martin , Thales Group, Northrop Grumman, L-3 Technologies, BAE Systems, Raytheon, Israel Aerospace Industries (IAI), FLIR Systems, Leonardo, Rockwell Collins, Harris, General Dynamics, Elbit Systems, Leidos Holdings, and QinetiQ Group.
Platforms Covered:
• Land/ Ground
• Sea/ Naval
• Air/ Aerial
Systems Covered:
• Wide Band Wireless Communication
• Unmanned Vehicles
• Command and Control (C2C) Systems
• Camera
• Laser
• Radar
• Perimeter Intrusion
• Biometric Systems
• Physical Infrastructure
Applications Covered:
• Defense
• Sentries
Sales Channels Covered:
• Direct Sales
• Distributor
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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