Global Border Security Market 2024-2028
The border security market is forecasted to grow by USD 24.12 bn during 2023-2028, accelerating at a CAGR of 8.09% during the forecast period. The report on the border security market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing concern for data breaches, government initiatives for protecting nations to boost security, and increased geopolitical uncertainty and external threats.
Technavio's border security market is segmented as below:
By Platform
By Component
- Laser
- Radar
- Camera
- Perimeter intrusion
- Others
By Geographical Landscape
- North America
- APAC
- Europe
- South America
- Middle East and Africa
This study identifies the key developments in global border security market as one of the prime reasons driving the border security market growth during the next few years. Also, growing demand for unmanned vehicle and increasing use of ai in border areas will lead to sizable demand in the market.
The report on the border security market covers the following areas:
- Border security market sizing
- Border security market forecast
- Border security market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading border security market vendors that include Airbus SE, BAE Systems Plc, Blighter Surveillance Systems Ltd., Cobham Ltd., Dignia Systems Ltd., Elbit Systems Ltd., General Dynamics Corp., Indra Sistemas SA, Inmarsat Global Ltd., Israel Aerospace Industries Ltd., Moog Inc., Northrop Grumman Corp., Rafael Advanced Defense Systems Ltd., RTX Corp., Safe Security Solutions, Safran SA, Teledyne Technologies Inc., Textron Inc., Thales Group, and The Boeing Co.. Also, the border security market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.