Global Border Security Market - Segmented by Platform (Land, Sea, and Air), Geography - Market Forecasts and Analysis (2018-2023)
The Global Border Security Market is expected to grow at a CAGR of 7.59% to reach $ X.XX billion by the year 2020. A sharp rise in terrorism globally has put the focus back on protection of the national boundaries on the state radars. The issue of border protection was minor especially in the European Continent until a few years back. The Schengen agreement allowed free movement in the amongst the members of the European Union, which had allowed for less investment in the border protection measures. Russia controlled overwhelming majority of the market. But the rise of ISIS and the incessant inflow of refugees has forced the members of the European Union to strengthen their border security apparatus.
Asia Pacific region will also see major activity in the border protection space. The conflict in the South China Sea has forced the nations such as Vietnam, Philippines, Malaysia, Taiwan to strengthen the border security measures against the Chinese. India also will be a major market going into the future as it seeks to neutralize its troublesome neighbors. South Korea and Japan will be implementing incremental features to counter the threats from North Korea and China respectively. The European market along with the Asia Pacific region will be as a result the fastest growing market in the forecast period.
Saudi Arabia is constructing a 600 mile wall on the Iraq border where it installed state of the art Spexer 2000 radar, which can detect pedestrians at a range of 17kms and helicopters up to a range of 36kms. Saudi Arabia, Iran and Egypt recently joined hands to fight against ISIS and this is expected to give a big boost to the market not only in Saudi Arabia but in the whole region.
Unmanned Aerial Systems like the perimeter surveillance and detection systems are gaining immense popularity in the market. The air based border security systems market will experience the fastest rate of growth in the forecast period.
Boeing, Northrop Grumman, and Airbus are some of the important players in the Global Border Security Market. The market has been segmented by Platform (Land Based, Air Based, and Sea Based), and by Geography (North America, South America, Europe, Middle East & Africa and Asia Pacific).
What the report offers
Market analysis of Global Border Security Market with specific assessments and competition analysis on global and regional scales
Market definition along with the identification of key drivers, opportunities and restraints
Expert interviews and their insights on market shift, current and future outlook and factors impacting vendors short term and long term strategies
Global Border Security Market, forecasts from 2015-2020
Global Border Security Market segmentation by Platform, forecasts from 2015-2020
Global Border Security Market segmentation by Geography, forecasts from 2015-2020
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the Global Border Security Market on both global and regional scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
Insights on the major countries in which this industry is blooming and to also identify the regions that are still untapped
Target audience who can refer this report:
Border Security Systems and Technologies OEMS
Raw material and component suppliers
Anyone within the value chain system
CEO’s, COO’s, Strategic Growth and Business Development Managers
Potential Investors (Venture Capitalists)
Research Institutes and Organizations
Market Research and Consulting firms