openPR Logo
Press release

Border Security Market is expected to reach US$ 69,750.88 Mn by 2028 to grow at a CAGR of 6.2% during 2021-2028

09-22-2022 10:56 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: The Insight Partners

According to our latest market study on "Border Security Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Environment ( Ground, Aerial, and Underwater ) and System ( Laser Systems, Radar Systems, Camera Systems, Perimeter Intrusion Detection Systems, Unmanned Vehicles, Wide-band Wireless Communication Systems, Command and Control (C2) Systems, Biometric Systems, and Others )," the market was valued at US$ 44,271.21 million in 2020 and is expected to reach US$ 69,750.88 million by 2028, it is anticipated to grow at a CAGR of 6.2% during 2021-2028.

A constant rise in territorial conflicts and geopolitical instabilities is the major factor driving the demand for advanced border security solutions across the world. Further, the mounting procurement of patrol aircraft, marine vessels, surveillance aircraft, transport helicopters, amphibious aircraft, ground attack helicopters, and submarines for enhanced border security is anticipated to drive the growth of the border security market during the forecast period. Also, increasing modernization of the current border security infrastructure is propelling the growth of the border security market worldwide. Along with this, several companies are focusing on making significant investments in research and development of advanced weapons system technology that can further strengthen the border security systems deployed by a country. For instance, the advent of recent technological developments has led to an unprecedented growth in the demand for unmanned vehicles for surveillance and border security requirements.

Get Exclusive Access to Sample Pages of Border Security Market Size - COVID-19 Impact and Global Analysis with Strategic Insights at: https://bit.ly/3C4C5cc

The deployment of advanced weapon systems is increasing among military forces and defense agencies to gain enhanced intelligence, security, surveillance, and safety. Rising geopolitical instabilities, territorial conflicts, and need for the procurement of advanced border security solution technologies are among the key factors boosting the growth of border security market. Moreover, the APAC border security market is growing at the highest rates owing to the increasing government budget to mitigate illegal immigration, terrorist attacks, criminal activities, as well as tackling infiltration. The application of the border security system has witnessed stringent laws and rules formed by individual governments, wherein the border security system suppliers must adhere to foreign and local norms and regulations, which, in turn has forced the criminal, civil, and administrative liabilities and hampered the market growth.

Border Security Market: Competitive Landscape and Key Developments

Lockheed Martin Corporation; Thales SA; Flir Systems, INC.; Bae Systems Plc; Elbit Systems; Northrop Grumman Corporation; Saab AB; Leonardo; Israel Aerospace Industries Ltd.; and Safran are among the key players that are profiled during the study of the global border security market. In addition, several other essential market players have also been studied and analyzed to get the holistic view of the market and its ecosystem.
Avail Lucrative DISCOUNTS on "Border Security Market" Research Study: https://bit.ly/3dH9YGl

Impact of COVID-19 Pandemic on Border Security Market

The outbreak of the COVID-19 has severely impacted the defense, aerospace, aviation and other related industries. The emergence of COVID-19 virus across the globe which led to lockdown scenarios has led to unprecedented series of border closures across the globe. This disruption is expected to leave an impact on the defense industry through till mid-2021. With the rising concern of health of the general public, governments across nations are focused on investments on healthcare and related industries and there has been a shift of budget allocation from defense to healthcare. However, the pandemic has proved that careful coordination is required between all border agencies to ensure effective security measures. Moreover, demand for defense related products such as border security systems will remain unaffected as the budgets for defense related projects had been allocated prior to the pandemic and the projects are extremely critical to national defense.

The report segments the global border security market as follows:
By Environment

• Ground
• Aerial
• Underwater
By System

• Laser Systems
• Radar Systems
• Camera Systems
• Perimeter Intrusion Detection Systems
• Unmanned Vehicles
• Wide-band Wireless Communication Systems
• Command and Control (C2) Systems
• Biometric Systems
• Others

Directly Purchase Premium Copy of Border Security Market Growth Report - https://bit.ly/3xMpkjE

https://www.globenewswire.com/news-release/2022/07/18/2481246/0/en/Clock-Buffer-Market-Size-Worth-3-57Bn-Globally-by-2028-at-8-CAGR-Exclusive-Report-by-The-Insight-Partners.html

https://www.globenewswire.com/en/news-release/2022/07/27/2486593/0/en/Identity-Verification-Market-Size-to-hit-18-12Bn-Globally-by-2027-Exclusive-Report-by-The-Insight-Partners.html

Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

About Us:
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Border Security Market is expected to reach US$ 69,750.88 Mn by 2028 to grow at a CAGR of 6.2% during 2021-2028 here

News-ID: 2746572 • Views: 451

More Releases from The Insight Partners

Social Advertising Software Market Industry Insights, Market Size, Share, Top Co …
Global Social Advertising Software Market Analysis to 2028 is a specialized and in-depth study of the social advertising software market with a special focus on the global market trend analysis. The report aims to provide an overview of social advertising software market with detailed market segmentation by deployment, organization size. The global social advertising software market is expected to witness high growth during the forecast period. Additionally, the report also
Embedded Display Market Size, Growth, Trends, Industry Insights and COVID-19 Pan …
Embedded Display Market study by "The Insight Partners" provides details about the market dynamics affecting the market, scope, segmentation and overlays shadow upon the leading players highlighting the favorable competitive landscape and trends prevailing over the years. The report segments the global Embedded Display Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at
Water Automation and Instrumentation Market Potential Growth, Share, Demand and …
Water Automation and Instrumentation Market study by "The Insight Partners" provides details about the market dynamics affecting the market, scope, segmentation and overlays shadow upon the leading players highlighting the favorable competitive landscape and trends prevailing over the years. The report segments the global Water Automation and Instrumentation Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market.
Data Integration Software Market to Witness Astonishing Growth, Top Key Players, …
Global Data Integration Software Market is expected to grow at a higher rate during the forecast period 2022-2028.The report includes the latest coverage of the impact of COVID-19 on the Data Integration Software Market. The data integration is the procedure in which heterogeneous data is united or retrieved from different sources to offer valuable or meaningful information. The data integration primarily supports the analytical processing of huge data sets by

All 5 Releases


More Releases for Border

Global Hydrocolloid Dressing with Border Market, Global Hydrocolloid Dressing wi …
The Hydrocolloid Dressing with Border market is expected to grow from USD X.X million in 2020 to USD X.X million by 2026, at a CAGR of X.X% during the forecast period. The Global Hydrocolloid Dressing with Border Market report is a comprehensive research that focuses on the overall consumption structure, development trends, sales models and sales of top countries in the global Hydrocolloid Dressing with Border market. The report focuses
COVID-19: Border Security in a Pandemic is a Key Theme at Border Security 2021
SMi Group reports: Hear from international experts on their border response to COVID-19 at the 14th Annual Border Security virtual conference, next February With the COVID-19 pandemic bringing new and unexpected challenges for customs and immigration authorities worldwide, it is now more important than ever for international border professionals to meet and discuss these issues head-on. With this in mind, SMi Group are delighted to announce that the Estonian Police and Border
Automated Border Control (ABC) Market
Automated Border Control (ABC) Market is expected to reach 2273 Million by 2026 from 536.5 Million in 2017 at CAGR of 17.4% (Detailed analysis of the market CAGR is provided in the report). Automated Border Control Market (ABC) is an immigration control system proposed to satisfy the future border control needs of airports resulting from the rapid growth in the number of passengers worldwide. Automated Border Control Market (ABC) can
Border Surveillance Market Global Industry Size, Share, Trends, Key Countries An …
Global Border Surveillance Market Information Report by Equipment (Drone and Surveillance Camera), By Application (Coastal Border, Territorial Border, and Infrastructure) and by Region (North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America) - Forecast to 2023 Market Scenario: Border surveillance is one of the key areas, where every country focuses upon, as these borders safeguard a nation’s security, sovereignty, and economic prosperity. Rapidly rising cross border conflicts and territory
Border Surveillance Market
Market Highlights: The Global Border Surveillance Market is growing with the rapid pace; mainly due to the increasing prevalence of Terrorism activities across the globe. According to a recent study report published by the Market Research Future, The global market of Border Surveillance is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2023, surpassing its previous growth records
Border Security perspectives from Turkey: developing next-gen border & migration …
SMi Group has announced that Dr Michael Rupp, Head of Operational Section 1-Civil Society, Fundamental Rights, Judiciary and Home Affairs, Delegation of the European Union to Turkey, will be presenting an exclusive keynote address at the 11th annual Border Security conference taking place in Rome next February. Dr Rupp's presentation will focus on developing border and migration management capabilities on the Turkish border through cost-effective procurement of next-generation capabilities. He