Global Border Surveillance Market Research Report: By Equipment (UAVs, Surveillance Camera, and others), Application (Coastal Border, Territorial Border, Infrastructure and others) and Region (North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa) - Forecast till 2025
The arrival of thermal imaging, surveillance drone, panoramic surveillance systems and IP technology integrated surveillance cameras has enhanced border surveillance. Today, border security is of unparalleled importance. Countries all over the world are increasing their defense and security budget. Such factors are influencing the global border surveillance market. As the report published by Market Research Future (MRFR), the global border surveillance market is set to expand at over 5% CAGR during the forecast period (2019-2023)
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Countries are adopting new techniques of border surveillance, which include stealth surveillance. This is being made possible by the deployment of advanced surveillance equipment such as drones, and high definition camera surveillance systems. These systems are allowing military forces to monitor vulnerable coastal/territorial borders better. In recent years, a wide range of border surveillance system has come up. This is mainly owing to the growing emphasis on border surveillance as safeguarding borders help in ensuring a nation’s security, economic prosperity and sovereignty.
MRFR’s report includes a detailed segmental analysis on the market based on equipment, application and region
On the basis of equipment, the market has been segmented into surveillance camera and drone. On the basis of application, the market has been segmented into infrastructure, territorial border and coastal border.
On the basis of region, the market has been segmented into the Middle East & Africa (MEA), Asia Pacific (APAC), Europe, North America and Rest of the World (RoW). Among these, APAC commands a standout share of the global border surveillance market in terms of value. It is projected that APAC is likely to maintain its dominant position throughout the assessment period. Increasing military expenditure is one of the major market drivers in the region. Countries such as India, China, Pakistan, and the ASEAN block are heavily spending on upgrading and improving their defense capabilities, which is creating considerable market opportunities. Rising socio-political tension in the region, increased cross border conflicts, and illegal infiltration are among the major reasons that are driving the urgency to improve border security in many APAC countries.
The Middle East is also viewed as an attractive market for border surveillance. Social-political conflicts between several MEA countries has led to an increased demand for defense equipment in the region. The region has been witnessing an upward trend in extremism, which is prompting local policymakers to take adequate security measures.
Some notable companies operating mentioned in MRFR’s report include General Atomics (U.S.), Lockheed Martin (U.S.), Thales Group(France), Honeywell International (U.S.), DJI (China), Northrop Grumman(U.S.), FLIR Systems (U.S.), Moog (India), General Dynamics (U.S.), and Leonardo S.p.A (Italy).
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