Global Border Security Market Overview:
The border security has becomes an integrated way of addressing national security, community protection, biosecurity, trade and immigration issues concurrently. Not only can this improve the oversight of security issues associated with the flow of products and other people, but it also enables a critical holistic view of operations and opportunities to streamline inefficient trade and travel security procedures. Crimes and terror attacks from borders is becoming gradually sophisticated, threatening human life, national security, the economic growth of entire regions and global safety which has significantly increased the demand of advanced border security solutions. However, high cost of implementation and maintenance of advanced security systems and privacy concerns is likely to hamper the growth of border security systems.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Use of Artificial Intelligence and Data Analytics to Enhance Border Surveillance and Development of Passive Bistatic Radar (PBR) For Maritime Border Surveillance
Market Growth Drivers:
Repeated Incidents of Terrorist Infiltration Through Borders and Sea Lines and Increasing Geopolitical Tensions and Conflicts Between Countries
Challenges:
Infrastructure Limitations and Limited Technological Readiness in Certain Areas
Restraints:
Compliance With Data Protection Laws and Regulations Can Complicate the Implementation and Operation
Opportunities:
Increased Funding in Defence Sector by Government and International Organizations and Growing Importance of Cybersecurity to Protect Critical Digital Infrastructure
Competitive Landscape:
The key players are targeting the innovations of the Solutions with better quality, better technical characteristics. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market.
Some of the key players profiled in the report are Lockheed Martin Corporation (United States), Thales Group (France), General Dynamics Corporation (United States), BAE Systems plc (United Kingdom), Bharat Electronics Limited (BEL) (India), Elbit Systems Ltd. (Israel), Smiths Group plc (United Kingdom), Airbus SE (Netherlands), Raytheon (United States), Boeing (United States), Northrop Grumman Corporation (United States), General Atomics (United States), Flir Systems (United States), Saab AB (Sweden), Cobham Limited (United Kingdom), L3Harris Technologies, Inc. (United States) and Leonardo S.p.A. (Italy). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Border Security market by 2030. Considering Market by Installation, the sub-segment i.e. New Installations will boost the Border Security market. Considering Market by Technology, the sub-segment i.e. Surveillance Systems will boost the Border Security market. Considering Market by End User, the sub-segment i.e. Defence will boost the Border Security market. Considering Market by Offerings, the sub-segment i.e. Solutions (Integrated Systems, Standalone Systems) will boost the Border Security market.
What Can be Explored with the Border Security Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Border Security Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Border Security
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Border Security market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Border Security market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Border Security Solution Providers, Upgradation and Modernization Service Providers, Venture Capitalists and Private Equity Firms, Government Regulatory, Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.