Axisresearch
- Aerospace & Defense
- Mordor Intelligence
- 91 pages
- Published: 10-06-2019
Market Overview
The border security market is anticipated to reach USD 27.45 billion by 2024 with a CAGR of 7.04%, during the forecast period. The rising geopolitical instabilities and territorial conflicts are driving the demand for advanced border security solutions, worldwide.
The increasing procurement of surveillance aircraft, patrol aircraft, ground attack helicopter, transport helicopters, amphibious aircraft, marine vessels, and submarines for border security are also expected to drive the growth of the border security market during the forecast period.
Modernization of the existing border security infrastructure is also providing new market opportunities for the border security market.
Scope of the Report
The global border security market is defined as the revenue from products that are employed for the purpose of securing borders.
Key Market Trends
Segment Trends
Despite clearly defined boundaries, maritime disputes are common in places where countries compete over inhabited and uninhabited islands. Many military superpowers have borders surrounded mostly by seas, such as the United States, Britain, France, Germany, Russia, China, and Japan. There are many disputes in the South China Sea among China, Taiwan, Vietnam, the Philippines, and Malaysia, which have overlapping claims. In the wake of all these issues, all these countries are focusing more on protecting their sea-based borders. With increasing threats over international waters, countries are focusing on developing their surveillance over the sea, which is expected to drive the sea-based platforms to register the highest growth in the market during the forecast period.
Geography Trends
The Asia-Pacific currently has the highest share of the border security market. This is primarily due to ongoing border issues between India and Pakistan, India and China, and China-Japan, among others. China is one of the largest countries in Asia that has territorial issues with Taiwan, India, North Korea, Malaysia, South Korea, Indonesia, Japan, the Philippines, and Vietnam. Countries, like Vietnam, the Philippines, and Australia among others, are upgrading their border forces for detecting, intercepting, and deterring people smuggling ventures. Increasing collaborations between countries, like China and Pakistan, India and the United States, in order to protect their territories, are major contributing factors for the growth of the border security market in this region.
Competitive Landscape
The market is highly fragmented and is dominated by global defense systems and technology providers, like Raytheon, General Dynamics, and Thales SA. Majority of the geographic regions have local players who are equally strong and provide smaller sub-systems of a larger network/project in partnership with the global leaders. Local players in North America and the Middle East & Asia are particularly threatening the global leaders, as they aim to provide an all-round solution at a fraction of the cost quoted by these global leaders, without compromising on quality or reliability.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Industry Attractiveness – Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers/Consumers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Market Drivers
4.4 Market Restraints
5 MARKET SEGMENTATION
5.1 Platform
5.1.1 Land-based
5.1.2 Air-based
5.1.3 Sea-based
5.2 Geography
5.2.1 North America
5.2.1.1 United States
5.2.1.2 Canada
5.2.1.3 Mexico
5.2.1.4 Rest of North America
5.2.2 South America
5.2.2.1 Brazil
5.2.2.2 Argentina
5.2.2.3 Rest of South America
5.2.3 Asia-Pacific
5.2.3.1 China
5.2.3.2 Japan
5.2.3.3 India
5.2.3.4 Rest of Asia-Pacific
5.2.4 Europe
5.2.4.1 United Kingdom
5.2.4.2 Germany
5.2.4.3 France
5.2.4.4 Rest of Europe
5.2.5 Middle East & Africa
5.2.5.1 United Arab Emirates
5.2.5.2 South Africa
5.2.5.3 Saudi Arabia
5.2.5.4 Iran
5.2.5.5 Rest of Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Northrop Grumman Corporation
6.4.2 Airbus SE
6.4.3 The Boeing Company
6.4.4 Cobham PLC
6.4.5 Raytheon Company
6.4.6 Elbit Systems Ltd
6.4.7 General Atomics
6.4.8 General Dynamics Corporation
6.4.9 Saab AB
6.4.10 Moog Inc.
6.4.11 Blighter Surveillance Systems Ltd
6.4.12 Thales SA
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
Platform
Land-based
Air-based
Sea-based
Geography
North America
United States
Canada
Mexico
Rest of North America
South America
Brazil
Argentina
Rest of South America
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Europe
United Kingdom
Germany
France
Rest of Europe
Middle East & Africa
United Arab Emirates
South Africa
Saudi Arabia
Iran
Rest of Middle East & Africa