Market Overview
The global market for border security is increasing at a rapid pace. According to a recent study report published by the Market Research Future, The global market of border security will grow at a rapid pace over the forecast period. The market is forecasted to witness a slow but steady growth by 2023, which will be a surplus growth at a moderate CAGR during the projected period (2017 -2023).
A sudden rise in terrorist activities across the world has forced nations to rethink on protection of the national boundaries. Security systems are equipped with different types of cameras, such as pan, tilt, and zoom cameras, which are connected to internet, to gives access to the information from required locations by wired or wireless connectivity. Aspects, such as rising tension across borders and growing terrorism, are expected to gear up the market growth over the forecast period
Competitive Landscape
Lockheed Martin Corporation (U.S.), Raytheon company (U.S.), Northrop Grumman Corporation (U.S.), Thales SA (France), BAE Systems Plc (U.K), FLIR systems, Inc. (U.S.), and Elbit systems Ltd. (Israel), Cobham plc (U.K), DRS Technologies (U.S.), General Atomics (U.S.), and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global border security market.
Market Segmentation
The global border security market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Platform : Ground, Aerial, Naval
Segmentation by System : Laser, Radar, Camera, Wide Band Wireless Communication, Perimeter Intrusion, Unmanned Vehicles, C2C, Biometric Systems and Others
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Regional Analysis
On the basis of region, the automated border control market is divided into North America, South America, Asia-Pacific, Europe, Middle East, and Africa. The North American region is expected to hold the largest share in the market. The key players in the market and the government policies in the developed countries like the USA, and Canada are extensively focusing on the development of the border security industry.
The Asia-Pacific region is projected to dominate the border security market during the forecast period. It is evaluated that this region will record the highest CAGR in the upcoming years. The rising concerns and expenditure upon improving the defence sector especially in China and India are some of the major reasons. The rising conflicts among the countries will also promote market growth exponentially.
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