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

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Feb 17, 2023, 15:30 ET

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

Technavio has announced its latest market research report titled Global Border Security Market 2023-2027

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.

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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

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Border Security Market Scope
Report Coverage	Details
Page number	181
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 7.33%
Market growth 2023-2027	USD 20,142.06 million
Market structure	Fragmented
YoY growth 2022-2023 (%)	6.89
Regional analysis	North America, APAC, Europe, South America, and Middle East and Africa
Performing market contribution	North America at 34%
Key countries	US, Canada, China, India, and Germany
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	Airbus Group SE, BAE Systems Plc, Blighter Surveillance Systems Ltd., Cobham Ltd., Dignia Systems Ltd., Elbit Systems Ltd., General Dynamics Corp., Indra Sistemas SA, Inmarsat Global Ltd., Israel Aerospace Industries Ltd., Moog Inc., Northrop Grumman Corp., Rafael Advanced Defense Systems Ltd., Raytheon Technologies Corp., Safe Security Solutions, Teledyne Technologies Inc., Thales Group, The Boeing Co., Safran SA, and Textron Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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

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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.

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