What is the global market size of Border Security System Market?

Global Border Security System Market size was valued at USD 35.42 billion in 2021 and is poised to grow from USD 48 billion in 2022 to USD 596.77 billion by 2030, growing at a CAGR of 35.4% in the forecast period (2023-2030).

Border Security System Market Size, Share, Growth Analysis, By Environment(Ground, aerial, naval), By System(Laser, radar, camera, wide b), By Region - Industry Forecast 2024-2031

Q: Who are the key vendors in the Global Border Security System Market?

Global Border Security System Market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Airbus Defence and Space', 'BAE Systems', 'Boeing', 'Cobham', 'Elbit Systems', 'FLIR Systems', 'General Atomics', 'General Dynamics', 'Harris Corporation', 'IBM Corporation', 'L-3 Communications', 'Leonardo', 'Lockheed Martin', 'NEC Corporation', 'Northrop Grumman', 'Raytheon', 'Saab AB', 'Smiths Detection', 'Thales Group', 'Unisys Corporation'

Q: Which region accounted for the largest share in Global Border Security System Market?

North America dominated the Global Border Security System Market in 2021. The market’s leading key companies offering technologically cutting edge border security solutions to safeguard the international borders are credited with this rise. The market is also expected to grow as a result of the U.S. and Canadian governments investing more money in exploiting radar technology to track and detect different threats.

Report ID: SQSG20A2028 | Region: Global | Published Date: April, 2024
Pages: 157 | Tables: 69 | Figures: 75

Border Security System Market News

In October 2022, The EU is introducing a new biometric border control system, known as the Entry-Exit System (EES) which will take photos and fingerprints of people from third countries crossing the border.
In October 2022, Nigeria to sign agreement with Chinese firm for electronic border surveillance system.
In January 2021, Idemia and the French Ministry of the Interior had signed a contract for a new biometric border control system.

Border Security System Market Report Snapshots

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Border Security System Market size was valued at USD 35.42 billion in 2019 and is poised to grow from USD 48 billion in 2023 to USD 596.77 billion by 2031, growing at a CAGR of 35.4% in the forecast period (2024-2031).

Border Security System Market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Airbus Defence and Space', 'BAE Systems', 'Boeing', 'Cobham', 'Elbit Systems', 'FLIR Systems', 'General Atomics', 'General Dynamics', 'Harris Corporation', 'IBM Corporation', 'L-3 Communications', 'Leonardo', 'Lockheed Martin', 'NEC Corporation', 'Northrop Grumman', 'Raytheon', 'Saab AB', 'Smiths Detection', 'Thales Group', 'Unisys Corporation'

Need for border security solutions for protection

Increasing use of automated border control systems due to rising cases of terrorist activities and border protection from illegal activities is anticipated. The new emerging trend for development of areal system are increased demand for Border Security System. Also, every country are focusing to strengthen their radar system to protect air attack.

North America dominated the Border Security System Market in 2021. The market’s leading key companies offering technologically cutting edge border security solutions to safeguard the international borders are credited with this rise. The market is also expected to grow as a result of the U.S. and Canadian governments investing more money in exploiting radar technology to track and detect different threats.

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Border Security System Market Size, Share, Growth Analysis, By Environment(Ground, aerial, naval), By System(Laser, radar, camera, wide b), By Region - Industry Forecast 2024-2031

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What is the market size of Border Security System Market?

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