Advanced technologies such as autonomous surveillance features to likely expedite the adoption and growth of the global border security market
Covid-19 Impact & Market Status
Covid-19 has wreaked havoc on the world economy and supply chain. The majority of markets have been severely impacted, and overall economies have suffered. The present epidemic is hindering progress in the global border security market. Countries are directing their budgets toward healthcare and economic security. However, as dangers continue to rise, countries such China and India are investing in advanced border security applications. The border security market will regain its growing pace when the economy improves.
Analysis on the basis of Platform
The ground segment dominated the largest area of the global border security market. With a substantial compound annual growth rate, the segment is likely to maintain its supremacy during the projection period (CAGR). Ground-based border security systems often comprise radars, lasers, cameras, and other sensors. Countries like India and China are aggressively acquiring innovative security systems aided by skilled staff to give greater protection to their citizens. Due to increased competition in international seas and overlapping claims, the sea-based market is expected to develop at a high rate.
Analysis on the basis of System
The radar category led the 2018 market based on system segmentation. Even though the radar system has the largest market share, biometric systems are expected to have the greatest compound annual growth rate (CAGR) throughout the projection period. A biometric system's main aim is to track illicit activity over the border.
Analysis on the basis of Region
The Asia-Pacific region now holds the largest proportion of the border security industry. This is largely owing to continuing border disputes, such as those between India and Pakistan, India and China, and China and Japan. Border disputes and conflicts are rising aggressively in regions such as APAC. Countries comprising Japan, Korea, India, Phillippines, Vietnam, etc are just some of the affected countries.
Countries like as Vietnam, the Philippines, and Australia are modernizing their border troops to identify, stop, and discourage people smuggling attempts. Increasing cooperation between nations to secure their territories, such as China and Pakistan, India and the United States, are important contributors to the region's border security market growth.
Features such as cost efficiency, easy installation, portability, and low environmental impact to drive growth
During the projected period 2022-2029, the border security market is expected to grow at a rate of over 6.2% to reach over USD 51.29 billion. Global demand for advanced border security solutions is being driven by rising geopolitical instabilities and territorial conflicts.
Need for high-tech security infrastructure to fortify intelligence capabilities, and improved detection and analytical capabilities to help global border security market growth. Need for real-time assessment to ensure timely preventive attention is also fueling market progression. Technological integration such as AI and IoT are opening new growth windows.
The goal of border security is to protect the country and international borders against illicit smuggling and terrorist activity. Border security combats illegal drug, weapon, and contraband trafficking across the border. Lasers, cameras, and radar are all used in border security systems. Border security authorities check the data on a regular basis in order to create improved security techniques and provide a higher degree of safety to its citizens.
Instability across borders, owing to increased geopolitical instabilities and territorial conflicts, is driving market expansion. Unmanned defence systems are becoming rapidly adopted by military and defence forces, increasing the need for enhanced border protection.
In the projected period, a sea-based section of the border security market is predicted to rise significantly. Countries must develop their sea-based border security system in order to compete for the occupancy of inhabited and unoccupied islands in international waters and inside wall-defined boundaries. Many conflicts exist among Asian nations, with overlapping claims. To safeguard the sea-based border, international water surveillance is required. Significant investments in naval protection to guard sea-based security are a growing practice across countries.
Due to technical improvements, military organizations are increasingly using unmanned systems. Drones and unmanned ground vehicles (UGVs) have made it possible for governments to collect important data without deploying military people. The US has installed unmanned systems across countries such as India, UAE, and Israel besides others. Other countries are also participating in the same to ensure improved UAV technology. The trend is expected to fuel global border security market further.
Latest Innovations of Border Security Market: A Snapshot
- In August 2021 the US Border Patrol deployed two autonomous surveillance towers in El Paso area. There are plans to launch thirteen more such towers in the coming years. ASTs are projected to provide excellent monitoring and detection capabilities utilizing autonomous surveillance technology, allowing border patrol agencies to identify and locate illegal immigrants.
- The Brazilian Air Force (FAB) introduced Pnta Por Radar in June last year.The station is FAB's third radar station, located at the country's central-west border. In August 2020, the first radar station was erected in Corumbá, and in March 2021, the second station was installed in Porto Murtinho. The radar units are designed to improve low-flying aircraft detection along Brazil's border with Bolivia and Paraguay.
Border Security Market Scope
Metrics | Details |
Base Year | 2023 |
Historic Data | 2018-2022 |
Forecast Period | 2024-2029 |
Study Period | 2018-2029 |
Forecast Unit | Value (USD) |
Revenue forecast in 2029 | USD 51.29 billion |
Growth Rate | CAGR of 6.2 % during 2021-2029 |
Segment Covered | Platform, System, Regions |
Regions Covered | North America, Europe, Asia Pacific, Middle East and Africa, South America |
Key Players Profiled | Raytheon Company, Lockheed Martin Corporation, Thales SA, BAE Systems PLC, Flir Systems & among others. |
Key Segments of the Border Security Market
Platform Overview, 2019-2029 (USD Billion)
- Ground
- Aerial
- Naval
System Overview, 2019-2029 (USD Billion)
- Laser
- Radar
- Camera
- Wide Band Wireless Communication
Regional Overview, 2019-2029 (USD Billion)
North America
- U.S
- Canada
Europe
- Germany
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- Rest of Asia Pacific
South America
- Mexico
- Brazil
- Rest of South America
Middle East and South Africa