Border Security Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Environment (Ground, Aerial, and Underwater) and System (Laser Systems, Radar Systems, Camera Systems, Perimeter Intrusion Detection Systems, Unmanned Vehicles, Wide-band Wireless Communication Systems, Command and Control (C2) Systems, Biometric Systems, and Others)
The border security market was valued at US$ 44,271.21 million in 2020 and is projected to reach US$ 69,750.88 million by 2028; it is expected to grow at a CAGR of 6.2% from 2021 to 2028.
A constant rise in territorial conflicts and geopolitical instabilities is the major factor driving the demand for advanced border security solutions across the world. Further, the mounting procurement of patrol aircraft, marine vessels, surveillance aircraft, transport helicopters, amphibious aircraft, ground attack helicopters, and submarines for enhanced border security is anticipated to drive the growth of the border security market during the forecast period. Also, increasing modernization of the current border security infrastructure is propelling the growth of the border security market worldwide. Further, the growing adoption of intelligent surveillance system (ISS) is gaining attention of the military forces, owing to the mounting demand for enhanced border security and safety. This system is capable of automatically analyzing the video, image, audio, or other type of surveillance data without or with restricted human intervention.
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Companies Profiled in this report includes: Lockheed Martin Corporation, Thales SA, Flir Systems, Inc., Bae Systems Plc, Elbit Systems, Northrop Grumman Corporation, Saab AB, Leonardo, Israel Aerospace Industries Ltd., Safran
The increasing developments of advanced electronic devices such as computer vision, sensor, artificial intelligence, and machine learning plays a significant role in empowering these intelligent systems. The intelligent surveillance system consists of probable sensor modalities and their fusion developments for designing advanced security system such as infrared camera, visible camera (CCTV), thermal camera, and radar system. In intelligent surveillance system (ISSs), several technologies, such as pattern recognition, computer vision, and artificial intelligence technologies are integrated to detect abnormalities in audio, images, and videos. This is further boosting the growth of the border security market globally.
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Table of Content:Introduction Key Takeaways Research Methodology Border Security Market Landscape Border Security Market – Key Industry Dynamics Border Security Market – Global Market Analysis Border Security Market Revenue and Forecast to 2028 – Environment Border Security Market Analysis– By System Border Security Market – Geographic Analysis Impact of COVID-19 Pandemic on Global Border Security Market Industry Landscape Company Profiles
12.1 Lockheed Martin Corporation
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Thales Group
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 FLIR Systems, Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 BAE Systems plc
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