Border Security Market Growth, Business Experts, Industry Trends and Forecast By 2030 | Lockheed Martin Corporation, Raytheon company, Northrop Grumman Corporation

Latest Market Research Report By MRFR On Border Security Market Analysis With Business Value, Trend, Industry Growth Technology innovation in aviation with and Information, By Technology, By Platform, and By Region Forecast till 2030
Border Security Market

Market Overview:

Border security market will grow at a CAGR of 7.61% during the forecast period 2020-2030. It is evaluated that the border security market will expand and reach around USD 651.5 billion.
Border security is necessary to protect the country from illegal and intruder activities. Border security systems like lasers, radars, cameras, and others are very helpful in getting the accurate locations of the target and ensuring better surveillance facilities.
The increasing demand for border security solutions for protection is estimated to drive the global market growth during the forecast period. Moreover, the rapid technological developments for better security create opportunities for market players and vendors. Further, the country's defense budget reduction can affect the global market growth during the review period.

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Key Players:

Lockheed Martin Corporation (U.S.), Raytheon company (U.S.), Northrop Grumman Corporation (U.S.), Thales SA (France), BAE Systems Plc (U.K), FLIR systems, Inc. (U.S.), and Elbit systems Ltd. (Israel), Cobham plc (U.K), DRS Technologies (U.S.), General Atomics (U.S.), and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global border security market

Market Segmentation:

According to the global Border Security Market report, this market has significant growth in terms of market segmentation. The global market has been segmented based on the platform and system.

Based on the platform segment, the global market for Border Security has been segregated into the naval, ground, and aerial. It has been predicted that ground border security will generate exponential growth in the coming years as it comprises cameras, radar, laser, and other systems. Moreover, countries like China and India are investing massive amounts in promoting market growth to achieve excellent security systems.

On the basis of the system segment, the global market for Border Security has been classified into cameras, lasers, radar, biometric systems, unmanned vehicles, C2 C, perimeter intrusion, wideband wireless communication, and others. Among these, a substantial growth rate can be seen in the biometric system because of its increasing usage and demand. In recent years, a huge demand for biometric systems has been seen in the countries like the US and the UK to track terrorist activities.

Regional Analysis:

The Border Security Market has been classified into various regional locations such as South America, Europe, North America, Asia-Pacific, Middle East, Africa, and others.

The North American Border Security Market is anticipated to generate the largest market share during the forecast period. Countries like Canada and the USA have better government policies, and market players like General Dynamics Corporation, Northrop Grumman Corporation, Raytheon Company, etc., focus on border security development.

Additionally, the border security market is estimated to be led by the Asia-Pacific region during the research period. This region is expected to generate the highest CAGR in the near future due to the increasing expenditure and to improve the defense sector in countries like India and China. Moreover, the increasing conflicts among the countries are expected to promote market growth. Further, the European regional market shows a significant growth in the predicted period. Countries like Italy, the UK, Spain, France, etc., are growing their investment in border security, boosting the regional market.

Industry News:

In 2018, the prominent player FXE installed a passport checking system, and other processes proposed to enhance the potential of the important works and the border protection systems. For instance, in 2018, the Dubai International Airport inaugurated a new automated system to improve its border and surveillance control.

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Related reports:

Global Homeland Security Surveillance Camera Market Research Report: Information by Camera Type (Audio & Video Camera, Integrated Video Surveillance Camera, Infrared Camera and IP Camera), Application (Infrastructure Security, Border Security and Public Protection) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2027

Mobile Biometric Security and Services Market by Type (Fingerprint, Face, Voice, Iris), Component (Hardware, Software), Platform (Android, iOS), Industry (Banking and Finance, Law Enforcement, Military and Border control, Healthcare) - and Forecast 2020-2030

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