Border security market to grow at a CAGR of 7.33% by 2027- Driven by growing concerns over data breaches- Technavio

NEW YORK, Feb. 17, 2023 /PRNewswire/ -- According to Technavio, the global border security market size is estimated to grow by USD 20,142.06 million from 2022 to 2027. The market is estimated to grow at a CAGR of  7.33%. Moreover, the growth momentum will accelerate. North America will account for 34% of the growth of the global market during the forecast period. The report includes historic market data from 2017 to 2021. In 2017, the border security market was valued at USD 43,028.25 million. For more Insights on market Request a sample report

Border security market - Five forces
The global border security market is fragmented, and the five forces analysis covers– 

• Bargaining Power of Buyers 
• The threat of New Entrants
• Threat of Rivalry
• Bargaining Power of Suppliers
• Threat of Substitutes
• For an interpretation of Porter's five forces model–buy the report!

Border security market – Customer landscape 

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Border security market - Segmentation assessment

Segment overview

Technavio has segmented the market based on platform (air, land, and sea) and component (laser, radar, camera, perimeter intrusion, and others).

• The air segment will grow at a significant rate during the forecast period. Governments are moving forward with the development of air defense technology because air-based border security is highly resilient and adaptable to challenging operational conditions. This is in response to the changing regional geopolitical environment and growing national interest demands in a hostile region. Thus, air-based security platforms will fuel the growth of the global border security market during the forecast period. 

Geography overview
By geography, the global border security market is segmented into North America, APAC, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global border security market.

• North America is estimated to account for 34% of the growth of the global market during the forecast period. The regional market is growing due to rise research and investments in border security development. Suppliers invest a lot of money in product development and research in order to continuously innovate and enhance their offerings. The expansion of the border security market in North America is being driven by the development and implementation of contemporary technologies including sensor-based detectors, improved laser systems, and shared intelligence networks throughout the forecast period.

Download a Sample Report

Border security market – Market dynamics

Key factor driving market growth

• The growing concerns over data breaches are one of the major factors fueling the market growth. 
• The demand for border security is rising as geopolitical and regional crises are becoming more unstable leading to the incidence of privacy violations.
• As a result, there has been increased procurement of patrol aircraft, surveillance aircraft, ground attack helicopters, amphibious aircraft and submarines to secure the border.
• Moreover, the growing requirement to secure borders from any illicit stealing or smuggling will fuel the expansion of the worldwide border security market over the forecast period.

Leading trends influencing the market 

• Growing demand for the unmanned vehicle is the primary trend in the market. They are being increasingly used in numerous military applications.
• Unmanned ground vehicles (UGVs), unmanned underwater vehicles (UUVs), and UAVs are all used in variety of tasks, including mapping and surveying, aerial photography and videography, asset inspection, search and rescue operations, exploration, and emergency response.
• In addition, the military is quickly adopting unmanned ground, air, and undersea vehicles, which is anticipated to increase demand for efficient and sophisticated long-range obstacle detection and collision avoidance systems in the future.
• These factors are expected to foster the growth of the global border security market during the forecast period.

Major challenges hindering market growth

• Lack of adequate training is the major challenge hindering market growth.
• For duties in border security to be completed accurately, effectively, and safely, special training is required.
• High adoption of advanced solutions and the lack of training and trained professionals have increased the complexity and magnitude of the entire border security infrastructure.
• Such factors may hinder the growth of the global border security market during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this border security market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the border security market between 2023 and 2027
• Precise estimation of the border security market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the border security industry across North America, APAC, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of border security market vendors

Gain instant access to 17,000+ market research reports. 

Technavio's SUBSCRIPTION platform

Related Reports:

The cross-border e-commerce logistics market share is projected to surge by USD 55.47 billion by 2026 at a CAGR of 11.71%. The market research report extensively covers market segmentation by service (transportation, warehousing, and others) and geography (APAC, North America, Europe, South America, and MEA). 

The automated security e-gate market share is expected to increase by USD 2.12 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 20.87%. Furthermore, this report extensively covers automated security e-gate market segmentation by application (critical infrastructure protection and border control) and geography (Europe, North America, APAC, MEA, and South America).

Table of Contents:

1 Executive Summary

• 1.1 Market Overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Platform
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Component
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global border security market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global border security market 2017 - 2021 ($ million)

• 4.2 Platform Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Platform Segment 2017 - 2021 ($ million)

• 4.3 Component Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Component Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Platform

• 6.1 Market segments 
• Exhibit 30: Chart on Platform - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Platform - Market share 2022-2027 (%)

• 6.2 Comparison by Platform 
• Exhibit 32: Chart on Comparison by Platform
• Exhibit 33: Data Table on Comparison by Platform

• 6.3 Air - Market size and forecast 2022-2027
• Exhibit 34: Chart on Air - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Air - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Air - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Air - Year-over-year growth 2022-2027 (%)

• 6.4 Land - Market size and forecast 2022-2027
• Exhibit 38: Chart on Land - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Land - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Land - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Land - Year-over-year growth 2022-2027 (%)

• 6.5 Sea - Market size and forecast 2022-2027
• Exhibit 42: Chart on Sea - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Sea - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Sea - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Sea - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Platform 
• Exhibit 46: Market opportunity by Platform ($ million)

7 Market Segmentation by Component

• 7.1 Market segments 
• Exhibit 47: Chart on Component - Market share 2022-2027 (%)
• Exhibit 48: Data Table on Component - Market share 2022-2027 (%)

• 7.2 Comparison by Component 
• Exhibit 49: Chart on Comparison by Component
• Exhibit 50: Data Table on Comparison by Component

• 7.3 Laser - Market size and forecast 2022-2027
• Exhibit 51: Chart on Laser - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Laser - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Laser - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Laser - Year-over-year growth 2022-2027 (%)

• 7.4 Radar - Market size and forecast 2022-2027
• Exhibit 55: Chart on Radar - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Radar - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Radar - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Radar - Year-over-year growth 2022-2027 (%)

• 7.5 Camera - Market size and forecast 2022-2027
• Exhibit 59: Chart on Camera - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Camera - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Camera - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Camera - Year-over-year growth 2022-2027 (%)

• 7.6 Perimeter intrusion - Market size and forecast 2022-2027
• Exhibit 63: Chart on Perimeter intrusion - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on Perimeter intrusion - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on Perimeter intrusion - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Perimeter intrusion - Year-over-year growth 2022-2027 (%)

• 7.7 Others - Market size and forecast 2022-2027
• Exhibit 67: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.8 Market opportunity by Component 
• Exhibit 71: Market opportunity by Component ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 72: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 73: Chart on Market share by geography 2022-2027 (%)
• Exhibit 74: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 75: Chart on Geographic comparison
• Exhibit 76: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 APAC - Market size and forecast 2022-2027
• Exhibit 81: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 85: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 89: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 93: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 97: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 101: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 India - Market size and forecast 2022-2027
• Exhibit 105: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027
• Exhibit 109: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 110: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 111: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 Canada - Market size and forecast 2022-2027
• Exhibit 113: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 114: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 115: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 116: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 117: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 118: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 119: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 120: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 121: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 122: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 123: Matrix on vendor position and classification

• 12.3 Airbus Group SE 
• Exhibit 124: Airbus Group SE - Overview
• Exhibit 125: Airbus Group SE - Business segments
• Exhibit 126: Airbus Group SE - Key news
• Exhibit 127: Airbus Group SE - Key offerings
• Exhibit 128: Airbus Group SE - Segment focus

• 12.4 BAE Systems Plc 
• Exhibit 129: BAE Systems Plc - Overview
• Exhibit 130: BAE Systems Plc - Business segments
• Exhibit 131: BAE Systems Plc - Key offerings
• Exhibit 132: BAE Systems Plc - Segment focus

• 12.5 Blighter Surveillance Systems Ltd. 
• Exhibit 133: Blighter Surveillance Systems Ltd. - Overview
• Exhibit 134: Blighter Surveillance Systems Ltd. - Product / Service
• Exhibit 135: Blighter Surveillance Systems Ltd. - Key offerings

• 12.6 Cobham Ltd. 
• Exhibit 136: Cobham Ltd. - Overview
• Exhibit 137: Cobham Ltd. - Product / Service
• Exhibit 138: Cobham Ltd. - Key news
• Exhibit 139: Cobham Ltd. - Key offerings

• 12.7 Elbit Systems Ltd. 
• Exhibit 140: Elbit Systems Ltd. - Overview
• Exhibit 141: Elbit Systems Ltd. - Product / Service
• Exhibit 142: Elbit Systems Ltd. - Key offerings

• 12.8 General Dynamics Corp. 
• Exhibit 143: General Dynamics Corp. - Overview
• Exhibit 144: General Dynamics Corp. - Business segments
• Exhibit 145: General Dynamics Corp. - Key news
• Exhibit 146: General Dynamics Corp. - Key offerings
• Exhibit 147: General Dynamics Corp. - Segment focus

• 12.9 Indra Sistemas SA 
• Exhibit 148: Indra Sistemas SA - Overview
• Exhibit 149: Indra Sistemas SA - Business segments
• Exhibit 150: Indra Sistemas SA - Key offerings
• Exhibit 151: Indra Sistemas SA - Segment focus

• 12.10 Moog Inc. 
• Exhibit 152: Moog Inc. - Overview
• Exhibit 153: Moog Inc. - Business segments
• Exhibit 154: Moog Inc. - Key offerings
• Exhibit 155: Moog Inc. - Segment focus

• 12.11 Northrop Grumman Corp. 
• Exhibit 156: Northrop Grumman Corp. - Overview
• Exhibit 157: Northrop Grumman Corp. - Business segments
• Exhibit 158: Northrop Grumman Corp. - Key news
• Exhibit 159: Northrop Grumman Corp. - Key offerings
• Exhibit 160: Northrop Grumman Corp. - Segment focus

• 12.12 Rafael Advanced Defense Systems Ltd. 
• Exhibit 161: Rafael Advanced Defense Systems Ltd. - Overview
• Exhibit 162: Rafael Advanced Defense Systems Ltd. - Product / Service
• Exhibit 163: Rafael Advanced Defense Systems Ltd. - Key news
• Exhibit 164: Rafael Advanced Defense Systems Ltd. - Key offerings

• 12.13 Raytheon Technologies Corp. 
• Exhibit 165: Raytheon Technologies Corp. - Overview
• Exhibit 166: Raytheon Technologies Corp. - Business segments
• Exhibit 167: Raytheon Technologies Corp. - Key news
• Exhibit 168: Raytheon Technologies Corp. - Key offerings
• Exhibit 169: Raytheon Technologies Corp. - Segment focus

• 12.14 Safran SA 
• Exhibit 170: Safran SA - Overview
• Exhibit 171: Safran SA - Business segments
• Exhibit 172: Safran SA - Key news
• Exhibit 173: Safran SA - Key offerings
• Exhibit 174: Safran SA - Segment focus

• 12.15 Teledyne Technologies Inc. 
• Exhibit 175: Teledyne Technologies Inc. - Overview
• Exhibit 176: Teledyne Technologies Inc. - Business segments
• Exhibit 177: Teledyne Technologies Inc. - Key news
• Exhibit 178: Teledyne Technologies Inc. - Key offerings
• Exhibit 179: Teledyne Technologies Inc. - Segment focus

• 12.16 Thales Group 
• Exhibit 180: Thales Group - Overview
• Exhibit 181: Thales Group - Business segments
• Exhibit 182: Thales Group - Key offerings
• Exhibit 183: Thales Group - Segment focus

• 12.17 The Boeing Co. 
• Exhibit 184: The Boeing Co. - Overview
• Exhibit 185: The Boeing Co. - Business segments
• Exhibit 186: The Boeing Co. - Key news
• Exhibit 187: The Boeing Co. - Key offerings
• Exhibit 188: The Boeing Co. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 189: Inclusions checklist
• Exhibit 190: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 191: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 192: Research methodology
• Exhibit 193: Validation techniques employed for market sizing
• Exhibit 194: Information sources

• 13.5 List of abbreviations 
• Exhibit 195: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/border-security-market--to-grow-at-a-cagr-of-7-33-by-2027--driven-by-growing-concerns-over-data-breaches--technavio-301748611.html

SOURCE Technavio

[ Back To TMCnet.com's Homepage ]