The market for border security technology globally is anticipated to reach $48.0 billion in 2022. Between 2022 and 2032, the market is anticipated to expand tremendously at a startling 35.4% CAGR. In 2032, this would increase the market’s value to an astounding US$ 1.0 trillion.
Border conflicts have occasionally happened recently, despite efforts by governments everywhere to maintain peace. Governments secure their borders with the use of border security technologies. In this day and age, it is difficult to overstate the significance of national security.
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Radar systems, video systems, perimeter intrusion detection systems, and manned and unmanned vehicles are some examples of border security technologies. As nations work to prevent further conflicts, Future Market Insights (FMI) observes large government-backed investments in border security systems.
China, Japan, the United States, the United Kingdom, and South Korea are predicted to dominate the global market between 2022 and 2032 by FMI. The ground-based application category is anticipated to dominate the market and grow at a 35.2% CAGR. According to systems, FMI anticipates that in the upcoming years, the unmanned vehicles segment will rule the industry.
Key Takeaways from the Border Security Technologies Market Study
Between 2022 and 2032, the global market for border security technologies is likely to generate a US$ 945.0 billion absolute dollar opportunity.
The United States market should accelerate at a CAGR of 33.9% in the coming years.
The United Kingdom market is likely to surpass a valuation of US$ 42.3 billion in 2032.
The market for border security technologies in China should register expansion at a CAGR of 36.6% between 2022 and 2032.
Border security technologies demand should surge at a CAGR of 34.7% in Japan from 2022 to 2032.
Sales of border security technologies should accelerate at a CAGR of 35.9% in the years ahead.
Who is Winning?
Key companies in the border security technologies market are reaping rewards in the form of lucrative contracts. Through these contracts, manufacturers can offer their high-end products and strengthen defences of several economies that are focused on enhancing their existing military infrastructure.
Thales, Teledyne FLIR, SITA, Saab, Raytheon Technologies, Moog Inc., Lockheed Martin, Leonardo, Leidos, Indra Sistemas S.A, IDEMIA, General Atomics, G+D, Elbit Systems, Controp Precision Technologies, and Atos are prominent players in the global market for border security technologies.
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Get More Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the Border Security Technologies Market, presenting historical market data (2017 to 2021) and forecast statistics for the period from 2022 to 2032. The study divulges compelling insights on the border security technologies market based on systems (radar systems, laser systems, camera systems, unmanned vehicles, wide band wireless communication systems, command and control systems, biometric systems, drones, optical surveillance systems, electric fencing systems), and application (ground based, aerial based, naval based) across seven regions.
Global Border Security Technologies Market by Category
By Systems:
Radar Systems
Laser systems
Camera systems
Unmanned Vehicles
Wide Band Wireless Communication Systems
Command and Control Systems
Biometric Systems
Drones
Optical Surveillance Systems
Electric Fencing Systems
By Application:
Ground Based
Aerial Based
Naval Based
By Region:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Table of Content
1. Executive Summary | Border Security Technologies Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
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About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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