Global Border Security System Market - Top Players, Industry Trends, Competitive Analysis, Forecast 2016 - 2024

Border security systems are critical to a nation security and the citizens. These systems are deployed by several defense agencies and military forces for better security, intelligence, safety, and surveillance. The growth generated in the global border security system market is accredited to the rise in geopolitical instabilities and territorial conflicts, and a requirement of advanced border security solution technologies. Besides, the market in Asia Pacific has been growing at the highest rates in recent times because of the increase in budget of governments for tackling infiltration, terrorist attacks, criminal activities, and illegal immigration.

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However,the growth in the global border security system market is impeded by certain restraining factors. One of the major restraints is the stringent regulatory environment. The usage of the border security system has witnessed strict laws and rules of respective governments. The suppliers of border security system must follow foreign and local norms and regulations. Failure to do so has resulted in civil, criminal, and administrative liabilities. These forces have been hampering the market growth. Other adversities in case of this market are cross-border infiltration, conventional global disputes, smuggling, illegal immigration and other criminal activity forms, need for critical infrastructure to test security systems, and high cost of research and development. In spite of the hindering influences, the border security system is expected to grow at a decent rate owing to upgrading of present border security system infrastructure, and increasing defense budget by the developing countries.

The global border security system market is segmented on the basis of system, environment, and geography. On the basis of system, the market is segmented into laser systems, radar systems, camera systems, unmanned vehicles, intelligent fencing systems or perimeter intrusion detection systems, broadband wireless communication systems, biometric systems, command and control systems, and other systems. In recent times, ground based systems has been holding the largest share in terms of the market size, while the biometric systems has been growing at the fastest rate because of the use of these systems on a mass scale for tackling human trafficking and illegal immigration. Besides, e-passports, developing national IDs, and e-visas are estimated to drive the biometric systems segment.

Radar systems are further segregated by platform into air, coastal and ground surveillance, and by band type into X & Ku Band and S&L Band. Camera systems are divided into CCTV, and IR and Thermal imaging cameras. Perimeter intrusion detection systemsare classified into laser fencing systems, and electric fencing systems. Unmanned vehicles are categorized into ground, aerial, and underwater. Command and control systems are segregated into audio systems, video distribution systems, and projection based displays or LED displays. The other systems segment includes microwave intrusion detection system, and RF jammers.According to environment, the market is divided into aerial, naval, and ground.

According to geography, the market is segregated into North America, Europe, Asia Pacific, and Latin America. Among the geographic regions, the Asia Pacific is estimated to witness the highest rate of growth during the forecast period. The key driving factors behind the Asia Pacific segment are the increase in government budget for tacking infiltration, terrorism, and other criminal activities, and the increase in investment to strengthen the weapon guidance and surveillance abilities by India, China and Japan. On the basis of market share, North America has been leading the market in the recent past.

The key players in the global border security system market are Raytheon Company, Lockheed Martin Corporation, Thales SA, BAE Systems PLC, Flir Systems, Inc., Elbit Systems, Saab AB, Northrop Grumman Corporation, Finmeccanica SPA, Safran, Israel Aerospace Industries Ltd., Rockwell Collins, Inc., Moog, Inc., Airbus Group SE, and Controp Precision Technologies Ltd.

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This release was published on openPR.