The report provides an overview of the “Border Security Market” industry including definitions, division, key vendors, key Development and market challenges. The Border Security Market analysis is provided the international markets including development trends, competitive landscape analysis, and key regions development status
Through the statistical analysis, the report depicts the global Border Security Market including capacity, production, production value, cost/profit, supply/demand and import/export. The entire market is further distributed by company, by country, and by application/type for the competitive landscape analysis.
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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.
The Border Security Market report also presents the vendor countryside and a corresponding detailed analysis of the major vendors operating in the market. Border Security Market report analyses the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, and market demand and supply scenarios.
Key Market 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, , 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.
The Asia-Pacific currently has the highest share of the border security market. This is primarily due to ongoing border issues between India – Pakistan, India – 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.
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Reasons to Purchase this Report
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- Study on product type and application expected to dominate the market.
- Study on regions expected to witness fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
Detailed Table of Content of Global Border Security Market – Growth, Trends, Forecast and Challenges (2019 – 2024)
1.1 Study Deliverables
1.2 General Study Assumptions
2. Research Methodology
2.2 Analysis Methodology
2.3 Study Phases
2.4 Econometric Modelling
3. Executive Summary
4. Market Overview and Trends of Border Security Market
4.2 Market Trends
4.3 Porter’s Five Force Framework
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Competitive Rivalry within the Industry
5. Market Dynamics of Border Security Market
5.1.1 Increasing Production
5.1.2 Rising Demand
6. Global Border Security Market Segmentation, By Capacity
7. Global Border Security Market Segmentation, By Material Type
7.1 Type 1
7.2 Type 2
7.3 Type 3
8. Global Border Security Market Segmentation, Segmented by Region
8.1 North America
8.1.1 United States
8.1.3 Rest of North America
8.2.4 Rest of Asia-Pacific
8.3.1 United Kingdom
8.3.5 Rest of Europe
8.4 Rest of the World
8.4.2 South Africa
9. Competitive Landscape and Introduction of Border Security Market
9.2 Market Share Analysis
9.3 Developments of Key Players
10. Key Vendor Analysis (Overview, Products & Services, Strategies)
10.1 Company 1
10.2 Company 2
10.3 Company 3
And Many More….
No. of Pages: – 91
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