Global Border Security Systems Market to Reach $70.5 Billion by 2030: Autonomous Border Security Systems Increasingly Find Favor among Border Agencies
DUBLIN, July 10, 2023 /PRNewswire/ -- The "Border Security Systems: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Border Security System estimated at US$45.9 Billion in the year 2022, is projected to reach a revised size of US$70.5 Billion by 2030, growing at a CAGR of 5.5% over the analysis period 2022-2030.
Ground, one of the segments analyzed in the report, is projected to record a 5.3% CAGR and reach US$38.4 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Aerial segment is readjusted to a revised 6% CAGR for the next 8-year period.
The U.S. Market is Estimated at $21 Billion, While China is Forecast to Grow at 9.2% CAGR
The Border Security System market in the U.S. is estimated at US$21 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$9.3 Billion by the year 2030 trailing a CAGR of 9.2% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 4.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.
Select Competitors (Total 50 Featured) -
BAE Systems Plc
Canon Inc.
Cobham Plc
Elbit Systems Ltd.
FLIR Systems Inc.
General Atomics
Leonardo DRS
Lockheed Martin Corporation
Northrop Grumman Corporation
Raytheon company
Thales SA
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
Border Security Systems: Protecting Borders against Illegal Movement of People, Weapons, Drugs & Contraband
Ground-based Border Security Systems Segment Leads the Global Market
Unmanned Vehicles Leads the Global Market, Biometrics Spearheads Future Growth
Developed Markets Lead, Developing Regions to Witness High Growth in the Global Border Security Systems Market
Competition
Recent Market Activity
Border Security Systems - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Growing Geopolitical Conflicts and Territorial Disputes Enhance Investments into Border Security Systems
Continued Threat of Terrorism Drives the Focus on Surveillance as Counterterrorism Response: Global Number of Fatalities (in '000) Due to Terrorist Attacks: 2007-2017
Consistent Rise in Defense Budget Allocations in Developed and Developing Economies Spurs Spending on Border Security Measures
Increased Defense Spending Bodes Well for Border Security Market: Military Expenditure Worldwide in US$ Billion for the Years 2001 through 2018
Projected Defense Budget in US$ Billion for the Years 2019, 2021 and 2023
Leading Countries Ranked by Defense Budgets in US$ Billion for 2018
Radar Systems: An Important Technology for Securing International Borders
Biometric Systems: Poised for High Adoption in Border Control Security
Global Biometrics Market: Breakdown (in %) by Application for 2019
Facial Recognition Technology Gains Prominence in Immigration Control
Rising Prominence of Iris Biometrics Travel & Immigration Control
Automated Border Control Systems (eGates) for Faster Processing at Border Checkpoints
Proportion of Airports Worldwide Implementing e-Gates in Comparison to Other Security Self-Service Applications for the Years 2012 & 2018
Thermal Cameras: An Important System for Securing Borders
Unmanned Aerial Systems (UAS) Set to Transform Border Security
Healthy Military Spending Worldwide Provides a Fertile Environment for the Growth of Drone Technologies in Border Security Applications
Increasing Use of Drones in the Battlefield Pushes Up the Need for Counter-Drone Systems: Global Market for Military Drones (In US$ Billion) for the Years 2018, 2020, 2022 and 2024
Autonomous Border Security Systems Increasingly Find Favor among Border Agencies
Staff Shortage Gives Rise to Need for Automated and Autonomous Border Security Systems: Number of Border Patrol Agents in the US for the Years 2010-2018
Introduction of Innovative Solutions Drives Market Growth
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/nfg9rh
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