With the growing number of threats and attacks, governments are now rapidly increasing the security level, especially at the borders in order to reinforce protection to their countries. Governments and organizations are now actively investing as well as spending for powering up their surveillance and control systems and tackling the increasing number of terrorist attacks, infiltration, illegal immigrations, and other criminal activities. Therefore, with the increasing demand, the global market for border security system is expected to grow at a good rate over the coming years.

Drivers & Restraints

The growth of the global market for border security system can be primarily attributed to the following factors:

• Growing need for advanced border security solutions technology
• Increasing territorial conflicts and geopolitical instabilities
• Growth in the adoption rate of unmanned system solutions by military and defense forces

In addition, increased defense spending by the developing economies and upgradation of the existing border security infrastructure are likely to offer huge growth opportunities for this market. Although this market is expected to see good growth ahead, strict regulatory environment may hamper the growth of this market. Moreover, high cost of R&D and growing requirement of critical infrastructure for testing security systems pose as key challenged faced by the major players in this market.

Market Predictions

Projected to grow at a CAGR of 7.16% during the forecast period from 2016 to 2020, the value of the worldwide   border security system market is expected to reach USD 52.95 Billion by the end of 2022. Currently, North America holds the largest market share, owing to the increased use of advanced weapons and technology for overseas contingency operations. However, the market in Asia-Pacific is expected to grow at the highest CAGR over the forecast period, owing to the increased investment for strengthening the surveillance and weapon guidance capabilities by China, India, and Japan, and increased government spending in order to tackle terrorist attacks, infiltration, illegal immigration, and other criminal activities.

Based on environment, the ground-based systems segment is expected to hold the largest market share from 2016-2022. Whereas based on system, the unmanned vehicles segment is expected to be the largest market over the forecast period, whereas the market for biometric systems is expected to grow at the highest CAGR, owing to the high adoption rate of biometric systems.

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Research Scope

The forecasts and analysis for the global market for border security system has been done by breaking it down into the following segments and sub-segments:

• Environment: Ground, Aerial, Underwater
• 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, Others (RF Jammers and Microwave intrusion detection systems)
• Region: North America, Europe, Asia-Pacific, RoW

The major players operating the global market for border security system are 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) among others.