With a CAGR of about 7.16% over the forecast period, the global Border Security Market size is expected to reach approximately $65 billion.
Border security Anerves the purpose of safeguarding the country and international borders from illegal smuggling and terrorist activities. Illegal drug, weapon and contraband movement across border is tackled by the border security. Border security systems include lasers, camera and radar. Surveillance capabilities, real-time target images, and precise target locations capabilities are enhanced by the installation of border security systems. Border security forces regularly monitor the data to develop enhanced security tactics to offer superior level of safety to its citizen.
The market growth is driven by instability across borders due to rising geopolitical instabilities and territorial struggles. Military and defense forces are readily adopting unmanned defense system, fueling the necessity for advanced border security. The retraining factors prevalent in the market are strict government rules related to border security systems production and the falling defense expenditure by developed countries.
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Market Growth Rate and Trends
Sea-based segment of the border security market is expected to witness major growth in the forecast period. Competition over occupation of inhabited and uninhabited islands in international water and inside well defined borders makes it necessary for countries to develop their sea-based border security system. There many disputes with overlapping claims in among Asian countries. Surveillance of the international water is necessary to protect the sea-based border. Growing threat rate is forcing countries to invest in the development of enhanced sea-based border security systems.
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Adoption of unmanned systems by military organization is witnessing a surge due to technological advancements. The development of drones, and UGV technologies has made it accessible for countries to gather useful information without the deployment of military personnel. US has been using unmanned system in the Middle East over the past decade. Israel and India are collaborating for the development of UAV technology. This trend is likely to drive the border security market growth.
Impact of Covid-19 on the market
Covid-19 has disrupted the global economy and entire supply chain. Most of the markets have been affected badly and overall economies have been damaged. The progress of border security market is being affected of the currently ongoing pandemic. Countries are diverting their budget towards healthcare and in safeguarding their economy. Therefore, market is expected to decline. But with the growing conflict, for instance, like India and China force countries to incorporate advance border security systems. As the economy will recover, the border security market will gain its growth momentum.
Market Dynamics
Drivers:
Increasing terrorist threats and geopolitical instabilities are important driving factors of border security market. Illegal smuggling, and immigration activities across borders necessitate the adoption of border security systems.
Surveillance aircraft, ground attack helicopter, transport helicopters, patrol aircraft, marine vessels, amphibious aircraft, and submarines for border security are being procured at an increasing rate fueling the demand for enhanced border security system over the forecast period.
Modernization of the overall defense systems including the existing border security technology is serving the market with tremendous growth opportunities. Trend of autonomous technology is leading to the technological advancement in unmanned systems needing constant surveillance by the rival countries.
Government in the developing countries are actively investing in the development of their overall defense forces including the border security in order to avoid oppression from military superpowers.
Restraints:
Stringent government rules and regulations is a major restraining factor. Vendors are required to follow local and foreign regulations. The result of failing to adhere to the norms are criminal, civil, and administrative liabilities.
Developed countries have witnessed a declining government expenditure hindering the market growth.
Recent Developments
In 2015, Saudi Arabia wan building a 600-mile long ‘Great Wall’ TO build a shield against terrorist organization ISIS. A state-of-the-art Spexer 2000 radar was installed. The radar had capability to detect pedestrians and helicopters from 17 and 36 kilometers respectively.
In 2016, UAE signed a collaboration contract to purchase 8 drones that are made in Italy. The €316 million contract includes purchase of eight Piaggio P.1HH Hammerhead UAVs.
Market Segmentation
Platform:
o Ground
o Aerial
o Naval
System:
o Laser
o Radar
o Camera
o Wide Band Wireless Communication
o Perimeter Intrusion
o Unmanned Vehicles
o C2C
o Biometric Systems
o Others
Segmentation Growth
By platform, the largest global border security market share was held by ground segment. The segment is expected to retain its dominance in the forecast period with a significant compound annual growth rate (CAGR). Radars, lasers, cameras, and others are mainly included in ground-based border security system. To provide enhanced security to its citizen, countries like India and China are actively procuring advanced security system assisted by trained personnel. Sea-based segment is likely to project a significant growth rate as well due to the growing competition in the international waters and overlapping claims.
By system, the 2018 market based on the system segmentation was dominated by the radar segment. Even the highest market share was held by the radar system, biometric systems are likely to project the highest compound annual growth rate (CAGR) during the forecast period. The primary purpose of biometric system is to track illegal activities across the border.
Geographical and Regional Presence
Global border security market can be segregated into five key major regions: North America, Latin America, Europe, Middle East & Africa, and Asia Pacific. Developed countries have been collaborating to establish well defined borders to avoid conflict with enhanced border security systems for surveillance.
The highest compound annual growth rate (CAGR) is anticipated to be held by Asia Pacific over the forecast period. The growth can be attributed to the growing territorial conflict among military superpowers such as India and China. Asian countries are heavily investing in technological advancement of defense system and upgradation of existing border security systems. The current ongoing border issues in Asia Pacific region are between India – China, India- Pakistan, and China – Japan, among others. Southern countries in the region are developing system to bust smuggling routes through detection and interception.
On the basis of global border security market share, the recent pass was dominated by North America owing to the defense expenditure of U.S.
Competition in the marketplace
The market is highly fragmented. Global defense systems and technology providers dominate the market. Local players across the globe are strong enough to compete with global defense systems and technology providers. With global leaders’ partnership, local players supply subsystems of a larger project/network.
Middle East and North American local vendors are the major threat to the global players in the border security market. With similar quality and reliability, local vendors fulfil the needs with a fraction of cost quoted by the global players.
Key Players
o Raytheon Company
o Lockheed Martin Corporation
o Thales SA
o BAE Systems PLC
o Flir Systems
o Elbit Systems
o Saab AB
o Northrop Grumman Corporation
o Finmeccanica SPA
o Safran
o Israel Aerospace Industries Ltd.
o Rockwell Collins
o Airbus Group SE