Border Security Market Overview and Forecast by 2031
The border security market size is projected to reach US$ 91.58 billion by 2031 from US$ 50.05 billion in 2023. The market is expected to register a CAGR of 7.8% during 2023–2031. Increasing adoption of intelligent surveillance system is likely to remain a key trend in the market.
Border Security Market Analysis
The border security market players offering their products to defense end-users are experiencing significant business growth year-on-year. This majorly pertains to the rise in the number of end users. The increase in the demand of advanced security systems by the defense forces, aircraft, naval vessel, and ground vehicle manufacturers and defense forces allows the end users to switch suppliers based on bargaining power. At present, the count of suppliers is limited, owing to which the bargaining power of suppliers is high; however, as the supplier count rises over the years, the bargaining power of suppliers is expected to drop from higher level to moderate level.
Border Security Market Overview
The border security market ecosystem comprises of following stakeholders- component manufacturers, border security system manufacturers, distributors, and end user. The border security manufacturing market players procure component such as sensors, detectors, and other spare parts from various suppliers across the globe. These suppliers continuously optimize their production lines and lead times in order to enhance respective supply chain. The border security system manufacturers are witnessing significant demand for their products owing to the rising threat across borders over the past few years. The laser weapon system supplier work in sync with the procurer of border security system in order to understand the demand of the procurer or end users. This helps the border security system manufacturers to suitably meet the needs of respective customers. The manufacturers through the distributors present across the world sell these border security systems to the military forces. The defense forces are the end users, which continue to seek high-energy, high-precise, and security systems such as radar system, camera system, perimeter intrusion detection system, laser system, and many more, for their defense fleet. Several defense forces work closely with the border security system manufactures such as Lockheed Martin Corporation, Leonardo, Thales, and others in order to incorporate the best possible system for border security. This factor also propels the border security market.
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Border Security Market: Strategic Insights
Border Security Market
-
CAGR (2023 - 2031)
7.8%
-
Market Size 2023
US$ 50.05 Billion
-
Market Size 2031
US$ 91.58 Billion
Market Dynamics
GROWTH DRIVERS
- Mounting demand from unmanned vehicles
- Growing investment in advanced weapon systems
FUTURE TRENDS
- Development of Laser Weapon System for Fighter Aircraft
OPPORTUNITIES
- Increasing adoption of intelligent surveillance system
Key Players
- Lockheed Martin Corporation
- Thales SA
- Flir Systems INC
- Bae Systems Plc
- Elbit Systems
- Northrop Grumman Corporation
- Saab AB
- Leonardo
- Israel Aerospace Industries Ltd
- Safran
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Environment
- Ground
- Aerial
- Naval
System
- Laser Systems
- Radar Systems
- Camera Systems
- Perimeter Intrusion Detection Systems
- Unmanned Vehicles
- Wide-band Wireless Communication Systems
- Command & Control
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Border Security Market: Strategic Insights
-
CAGR (2023 - 2031)7.8% -
Market Size 2023
US$ 50.05 Billion -
Market Size 2031
US$ 91.58 Billion
Market Dynamics
- Mounting demand from unmanned vehicles
- Growing investment in advanced weapon systems
- Development of Laser Weapon System for Fighter Aircraft
- Increasing adoption of intelligent surveillance system
Key Players
- Lockheed Martin Corporation
- Thales SA
- Flir Systems INC
- Bae Systems Plc
- Elbit Systems
- Northrop Grumman Corporation
- Saab AB
- Leonardo
- Israel Aerospace Industries Ltd
- Safran
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
- Ground
- Aerial
- Naval
- Laser Systems
- Radar Systems
- Camera Systems
- Perimeter Intrusion Detection Systems
- Unmanned Vehicles
- Wide-band Wireless Communication Systems
- Command & Control
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Border Security Market Drivers and Opportunities
Growing Investment in Advanced Weapon Systems
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, the UK ministry of defense invested ~US$ 162 million for the creation of a new Joint program office to manage the program and personnel. Moreover, in April 2024, the UK announced the expected rollout of laser-based weapon systems (DragonFire) into their Royal Navy warships from 2027. Such factors have been pushing the growth of border security market.
Development of Laser Weapon System for Fighter Aircraft
Laser weapon systems are gaining major demand from countries such as the US, China, Russia, and India, which hold high military power globally. Escalating development of advanced weapons system and increasing adoption of drones or unmanned vehicle for military operations are creating enormous demand for advanced defensive weapons. Several drones and advanced weapons are creating severe damage owing to which the demand for high-precise laser weapon systems is increasing. The growing investment by various nations and intensive R&D activities performed by the market players create new opportunities for the growth of the laser system for enhanced border security. For instance, the US's self-protect high-energy laser demonstrator (SHiELD) initiative opens a new application area for laser weapon systems. Lockheed Martin developed a laser weapon system for fighter jets, thus bringing a new level of advancement for war fighters. The laser weapons in fighter jets are intertwining the ability to shoot down missiles in flight and get an advantage over adversaries. Such systems are likely to provide new opportunities for border security market vendors in the coming years.
Border Security Market Report Segmentation Analysis
Key segments that contributed to the derivation of the border security market analysis are environment and system.
- Based on environment, the border security market is segmented into ground, aerial, and naval. The ground segment held a larger market share in 2023.
- Based on system, the border security market is segmented into laser systems, radar systems, camera systems, perimeter intrusion detection systems, unmanned vehicles, wide-band wireless communication systems, command & control (C2) systems, biometric systems, and others. The unmanned vehicles segment held a larger market share in 2023.
Border Security Market Share Analysis by Geography
The geographic scope of the border security market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.
North America has dominated the market in 2023 followed by Europe and Asia Pacific regions. Further, Asia Pacific is also likely to surpass the North American market in the coming years. The US dominated the North America border security market in 2023. Increasing number of weapons in the U.S. military services is major supporting factor for the market growth as companies are developing advanced laser weapon systems to prevent the aerial attack. Further, rising improvement in navy weapon system with enhanced penetration of laser weapon system is key factor augmenting market growth. As per the recent data from the Global Firepower, US is leading country in the military strength with high manpower and arsenals. The US navy is continuously deploying and upgrading the laser weapon system to enhance protection against aerial attacks. For instance, The Marine Corps’ awarded the contract of US$ 2.5 million to Boeing for carrying maintenance and service activities for compact laser weapon system, which is used on land or at sea forces. Boeing conducted numerous updates on compact laser weapon systems service's such as enabling it to take out bigger drones. Such rising adoption and upgradation of systems is accelerating the market growth.
Border Security Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 50.05 Billion |
Market Size by 2031 | US$ 91.58 Billion |
Global CAGR (2023 - 2031) | 7.8% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Environment
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
|
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Border Security Market News and Recent Developments
The border security market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the border security market are listed below:
- Elbit America was awarded a contract to provide medium and long-range surveillance towers to the U.S. Customs and Border Protection. The surveillance towers will be comprised of multiple subsystems that allow U.S. Border Patrol Agents to continuously detect, identify, classify, and track items of interest along the nation's borders. (Source: Elbit America, Press Release, Sep 2023)
- QinetiQ US, has received a U.S. Department of Homeland Security (DHS) Customs and Border Protection (CBP) Air and Marine (AMO) Tethered Aerostat Radar System (TARS) Operations & Maintenance (O&M) IV contract, comprising one base with four option years, valued at US$ 170 Million. (Source: QinetiQ, Press Release, Nov 2023)
Border Security Market Report Coverage and Deliverables
The “Border Security Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Border security market market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Border security market market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed porter’s five forces analysis
- Border security market market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the border security market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Environment and System Systems
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
North America region dominated the border security market in 2023.
Mounting demand from unmanned vehicles and growing investment in advanced weapon systems are some of the factors driving the growth for border security market.
Increasing adoption of intelligent surveillance system is one of the major trends of the market.
Lockheed Martin Corporation, Thales Group, Teledyne FLIR LLC, BAE Systems Plc, Elbit Systems Ltd, Northrop Grumman Corporation, SAAB AB, Leonardo SpA, Israel Aerospace Industries Ltd, and Safran Group are some of the key players profiled under the report.
The estimated value of the border security market by 2031 would be around US$ 91.58 billion.
The border security market is likely to register of 7.8% during 2023-2031.