SecurityWorldMarket

04/05/2016

Increased border security priorities drive market

Hadapsar, India

According to a new market research report on the border security system market, the sector is expected to grow to USD 52.95 Billion by 2022, at a CAGR of 7.16% between 2016 and 2022. The growth of the border security system market is attributed to the need for advanced border security solutions technology, rising territorial conflicts and geopolitical instabilities, and an increasing adoption of unmanned solutions by different military and defence forces.

The report produced by Marketsandmarkets suggests that the major challenges faced by ground border security are conventional international disputes, cross-border infiltration, illegal migration, smuggling, and other forms of criminal activity. Ground-based border security systems comprise systems such as laser, radar, cameras, perimeter intrusion, unmanned ground vehicles (UGV), communication systems and others. These systems are being deployed by many military and defence organisations for improved intelligence, security, surveillance, and safety.

According to the findings, biometric systems are expected to grow at the highest CAGR among all other border security systems sub-sectors during the forecast period due to the ever increasing adoption of biometric systems on a-large scale to tackle issues such as illegal immigration and human trafficking. Schemes such as development of national IDs, e-passports, and e-visas are expected to be the main drivers for this area of the sector.

The APAC region is expected to grow at the highest CAGR between 2016 and 2022 with the major driver being cited as the increased investment for the strengthening of surveillance and weapon guidance capabilities by China, India, and Japan, and increased government spending to tackle terrorist threats, infiltration, illegal immigration, and criminal activities. North America dominates the market in terms of revenue generation. The drivers here being the use of advanced weapons and technology for overseas contingency operations such as Afghanistan and Iraq. Currently, the ongoing operations in Syria and Libya against terrorist outfits are prompting the U.S. to use advanced border security system technology.

Researchers have listed some of the main players in this market as; Lockheed Martin Corporation (U.S.), Raytheon company (U.S.), Northrop Grumman Corporation (U.S.), Thales SA (France), BAE Systems Plc (U.K.), Flir systems, Inc. (U.S.), and Elbit systems Ltd. (Israel).


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