Increasing threats of border security safety and aerial attack are creating the enormous requirement for advanced weaponry integrated with laser, RADAR, and advanced camera system. Countries such as China, the US, the UK, and Russia are strengthening their weapon systems against UAVs, rockets, artillery, and mortar projectiles. The adoption of laser weapon systems is becoming an ideal solution, owing to their enhanced protection techniques and high precision. For instance, in 2019, the US Army was awarded a contract of worth US$ 130 million to Dynetics Inc. along with its partners Lockheed Martin and Rolls-Royce to develop an advanced weapon system. Under this contract agreement, Dynetics Inc. developed a 100-kW-class laser weapon system called: High Energy Laser Tactical Vehicle Demonstrator (HEL TVD). The US military had almost doubled its spending between fiscal years 2017 and 2019 for directed energy weapons such as high-powered microwaves and lasers. Similarly, in July 2019, the UK defence ministry (MOD) invested in strengthening its military weapons such as laser weapons to revolutionize the defence system. The ministry invested ~US$ 162.00 million for the creation of a new Joint program office to manage the program and personnel. The country expects to announce new laser and radiofrequency technology-based weapon systems in the armed forces by 2023.
THALES SA, FLIR SYSTEMS, INC., BAE SYSTEMS PLC, NORTHROP GRUMMAN CORPORATION, AND SAFRAN -PROMINENT MARKET PARTICIPANTS IN BORDER SECURITY MARKET
Top 5 market players in border security market are Thales SA, Flir Systems, Inc., Bae Systems Plc, Northrop Grumman Corporation, and Safran. The listing of key players is derived by considering multiple factors such as brand image, current product & service portfolio, geographic reach, new product launches, market initiatives, investment in technology upgradation, mergers & acquisitions, and other market-related activities.
The border security market is segmented on the bases of environment, system, and geography. Based on environment, the market is segmented into ground, aerial, and underwater. Based on system, the border security market is categorized as 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. Additionally, on the basis of region, the market is segmented into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America (SAM).
Most of the market initiatives were observed in North America region, which has a high potential for border security. Few of the important market initiatives and product developments from the industry are mentioned below:
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Year |
News |
Country |
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2021 |
Elbit System’s US subsidiary, Elbit Systems of America, LLC (“Elbit Systems of America”), completed the acquisition of Sparton Corporation (“Sparton”) from an affiliate of Cerberus Capital Management, L.P. for a purchase price of $380 million. The closing follows receipt of all the required approvals, including receipt of U.S. Government and regulatory approvals. |
North America |
|
2017 |
Northrop announced its intention to acquire missile and rocket manufacturer Orbital ATK Inc for $9.2 billion: $7.8 billion in cash plus $1.4 billion in net debt. |
North America |
