Market Research Report
Border Security System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025
|Published by||IMARC Services Private Limited||Product code||960477|
|Published||Content info||107 Pages
Delivery time: 2-3 business days
|Border Security System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025|
|Published: September 3, 2020||Content info: 107 Pages||
The global border security system market grew at a CAGR of around 8% during 2014-2019. The border security system refers to various tools and equipment used for protecting and maintaining constant surveillance over the borders. It is used for scanning large areas, identifying targets in real-time and tracking and monitoring illegal immigrants, smugglers, terrorists, refugees or enemy forces. Some of the commonly used border security systems include air, coastal and ground radars, thermal cameras, lasers, perimeter intrusion detection systems, unmanned vehicles, command and control systems and radio frequency jammers. These systems are deployed by defense agencies and military forces for improved intelligence, civilian and personnel safety and security. They offer enhanced surveillance capacities, precise target location and real-time images of the targets to keep the borders secured.
The rising instances of territorial conflicts and geopolitical instability across the globe are among the key factors driving the growth of the market. Furthermore, the modernization of existing border security infrastructure is also driving the market growth. Defense and military forces are deploying advanced surveillance, patrol, ground attack and transport aircraft, marine vessels and unmanned vehicles. These systems aid in discreetly obtaining information from locations that are usually hard to access and establish communications with the reporting base. Various technological advancements, such as the integration with the Internet of Things (IoT), cloud computing, artificial intelligence (AI) and machine learning (ML) for improved surveillance capabilities are acting as another major growth-inducing factor. Rising defense budgets of developing countries, along with the increasing adoption of sea-based security systems to monitor maritime boundaries, are some of the other factors expected to create a positive outlook for the market. Looking forward, IMARC Group expects the global border security system market to exhibit strong growth during the next five years.