The Global Border Security Market is accounted for $44,271.21 million in 2020 and is expected to reach $83,164.79 million by 2028 growing at a CAGR of 8.2% during the forecast period. Factors such as rising geopolitical instabilities, increasing territorial conflicts, growing defense spending by countries around the world are driving the growth of the market. However, strict government rules and regulations are hampering the growth of the market. Some of the key players profiled in the Border Security Market include Lockheed Martin , Thales Group, Northrop Grumman, L-3 Technologies, BAE Systems, Raytheon, Israel Aerospace Industries (IAI), FLIR Systems, Leonardo, Rockwell Collins, Harris, General Dynamics, Elbit Systems, Leidos Holdings, and QinetiQ Group.
Platforms Covered:• Land/ Ground• Sea/ Naval• Air/ Aerial
Systems Covered:• Wide Band Wireless Communication• Unmanned Vehicles• Command and Control (C2C) Systems• Camera• Laser• Radar• Perimeter Intrusion• Biometric Systems• Physical Infrastructure
Applications Covered:• Defense• SentriesSales Channels Covered:• Direct Sales• Distributor
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The Global Border Security Market is majorly driven by rising geopolitical instabilities, increasing territorial conflicts, growing defense spending by countries around the world. The biometric systems segment is growing at a highest CAGR as it helps to track dangerous terrorist activities. North America dominated with a significant market share due to the factors such as the presence of key players in the market and the favorable government policies in the developed countries of the region. Asia Pacific market is growing at a highest CAGR owing to the ongoing border issues between various countries in the region.
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