Border Surveillance Market – Comprehensive Analysis 2019, Size, Estimation, Share, Trends, Industry Outlook, Business Opportunity and Key Players by Forecast to 2023

Border Surveillance Market – Comprehensive Analysis 2019, Size, Estimation, Share, Trends, Industry Outlook, Business Opportunity and Key Players by Forecast to 2023

“Border Surveillance Market”
Global Border Surveillance Market Growth, Segments and Information Report by Equipment (Drone and Surveillance Camera), By Application (Coastal Border, Territorial Border, and Infrastructure) and by Region (North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America) – Forecast to 2023

Market Scenario:

As per a detailed analysis by Market Research Future (MRFR), the global border surveillance market is predicted to register a whooping CAGR of 5% during the forecast period (2017-2023). Borders are the main area of concern for all the nations for safety as illegal immigrants and arms can enter the region and cause harm to their citizens. Unplanned planes which are armed with night visions delivers the required surveillance to the security forces even during the night. The surging need for the nations to secure their borders from the trespassers is predicted to encourage the growth of the market.

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Market Potential and Pitfalls:

The border surveillance market is estimated to gain huge attention during the forecast period due to the surging number of illegal immigrants across the globe. The augmenting demand for surveillance drones, advent of panoramic surveillance cameras and thermal imaging, and implementation of IP technology in surveillance cameras are some of the top factors likely to contribute to the growth of the market across the globe. The mammoth adoption of stealth surveillance drones especially in the vulnerable territorial and coastal borders coupled with the rising usage of surveillance cameras for protecting vital infrastructure are also estimated to boost the market growth during the assessment period. The increasing need of the nations to protect and secure their borders from the trespassers has been one of the major factors triggering the demand for border surveillance market across the globe.

Geopolitical conflict is also considered one of the major factors contributing to the market growth. Insecurities with the neighboring nations leads the government to procure innovative technologies in order to stay ahead of their adversary. The governments across the globe are thereby highly investing in R&D of technologies which is likely to favor the market growth in the foreseeable future. Moreover, there has been boom in the number of conflicts in the recent past. The battle for supremacy in South China Sea territory among South Korea and China, Ukraine and Russia conflict over Crimea, sea border dispute between Nicaragua and Colombia, and maritime disputes between Guyana and Venezuela are enhancing the growth of border surveillance market globally. These conflicts have further created the need for the upgradation of systems along with the treatment of operational information concerning the threats. Maritime borders and land security have become a major issue which require to be addressed for proper coordinated and integrated management. The use of drones in border surveillance is useful in the regions which are difficult to access. Developing nations are highly investing in border surveillance systems which is likely to fuel the market growth in the coming years.

Segmental Analysis:

The global border surveillance market has been segmented on the basis of equipment and application.

By mode of equipment, the global border surveillance market has been segmented into surveillance camera and drones. Among these, the drone’s segment is likely to garner more attraction during the review period as they are extensively being used for surveillance.

Territorial border, coastal border, and infrastructure sums up the application-segmentation of border surveillance market.

Regional Frontiers:

Geographically, the border surveillance market has been studied under regions namely, Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa.

Considering the global scenario, the Asia Pacific region is predicted to be one of the leading regional markets of border surveillance due to the surging number of cross-border conflicts in this region. economies like Philippines, Vietnam, and Taiwan have spurred their military spending to secure their borders against China, owing to the conflict which occurred at the South China Sea. Nations like South Korea and India are anticipated to implement several features on their border in order to counter the threats from the disruptive neighbors.

The North American region is predicted to be the top regional market and occupies the largest share. The US is considered to be one of the major investors in R&D activities of border equipment and surveillance, thereby creating avenues for the market to expand. The extensive use of advanced technologies and weapons for overseas contingency operations like Iraq and Afghanistan are encouraging the market growth. Moreover, the ongoing operations in Libya and Syria against terrorist outfits are encouraging the US to use advanced technologies. Such factors are promoting the growth of the regional market across the globe.

Industry Updates:

May 13, 2019: Swarms of AI driven robots which are able to patrol the borders from the sea, land, and sky is likely to be manning Europe’s borders. A mass network of land vehicles, drones, and water crafts are being developed into fully automated surveillance systems. Multiple sensors on roaming robots will be able to track and identify human activity and later report the associated risks to the border officials.

Competitive Dashboard:

The prominent players operating in the global border surveillance market comprises General Atomics (U.S.), DJI (China), Lockheed Martin (U.S.), Leonardo S.p.A (Italy), Thales Group (France), Northrop Grumman (U.S.), Honeywell International (U.S.), General Dynamics (U.S.), Moog (India), and FLIR Systems (U.S.).

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