SecurityWorldMarket

13/12/2018

Strong growth predicted for US Border Security market

London, UK

Research company,Visiongain, has launched a new defence report on the US Border Security Market 2019-2029. The report predicts that the US Border Security market is set to grow to $10, 270m by 2029.

The report divides forecasts by industry sectors, Ground, Aerial and Naval Platforms Opportunities for Leading Companies Offering Technological Solutions UAVs, EO/IR, IT etc and then by sub-sectors within those areas such as, Perimeter Surveillance and Detection Systems, Biometrics & ICT Systems, Unmanned Systems, Manned Platforms, Physical Infrastructure Support and Other Services.

As per Visiongain analysis, the Border Security market is vast and extremely dynamic, encompassing a wide range of products for suitable border security applications. The financial data collected for this report pertains to sales of border security application equipment. The market revenues quantified in this report are defined as cumulative estimated revenue generated by all the companies in the ecosystem. The market covers certain military or military-operated capabilities only when they are employed in border enforcement/surveillance missions and not used for military missions as part of continued defence/military operations.

Border security is delivered through an entire spectrum of capabilities that range from private and civilian to military and secret. The US Border Security market has five technology type submarket categories: Perimeter Surveillance and Detection Systems, Biometrics and ICT Systems, Unmanned Systems, Manned Platforms, Physical Infrastructure, Support and Other Services. Visiongain assesses how these five submarkets are expected to develop quantitatively within the next decade, on a national level with emphasis on areas of particular threat and commercial opportunity. This report then profiles the twelve most significant companies operating within the US Border Security market to give a deeper understanding of its current, and future, atmosphere.

The Border Perimeter Surveillance and Detection systems submarket includes equipment such as advanced sensor systems, networked cameras, radar systems and detection equipment for the protection and monitoring of borders and the detection and identification of threats at border-crossing point. The Biometrics & ICT Systems for Border Control submarket includes immigration and visa databases, biometric identification systems, e-passport, e-visa, e-gate systems and other types of solutions intended to store and process information on international travellers and movement of goods and trade. The ICT component also covers IT backend infrastructure for integrated border security systems, their data fusion and Command & Control (C2) centres.

Visiongain believes that the largest growth opportunity in U.S. Border Security lies within UAV, UGV’s, UMV’s, Biometrics Systems, and Surveillance equipment. Thus Border Security Companies presents an enormous potential revenue opportunity for military equipment manufacturers.

Leading companies featured in the report are The Boeing Company, Lockheed Martin Corporation, General Dynamics Corporation, Northrop Grunman, The Raytheon Company, Textron Inc., Leidos Holdings, L-3 Technologies, Harris Corporation, Rockwell Collins Inc, Elbit Systems, Flir Systems.


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