Border Security Market Size, Trends and Growth Analysis by 2027

The border security sector was valued at approximately US$ 44,271.21 million in 2020 and is anticipated to grow to US$ 69,750.88 million by 2028, reflecting a compound annual growth rate (CAGR) of 6.2% from 2021 through 2028.

One of the key benefits of utilizing advanced vehicles in military operations is the reduction of potential embarrassment if an aircraft is downed and the pilot is taken captive. The increasing integration of unmanned underwater vehicles (UUVs), unmanned aerial vehicles (UAVs), and unmanned ground vehicles (UGVs) within defense sectors is accelerating, which is expected to enhance the demand for sophisticated long-range obstacle detection and collision avoidance systems. The deployment of UUVs, UAVs, and UGVs by military and law enforcement agencies for various purposes, including search and rescue missions, crowd surveillance, site exploration, and location tracking, is significantly boosting the global demand for these technologies. For example, in January 2018, the New York State Police utilized several UAVs for disaster response, border security, and various law enforcement operations. Furthermore, the Asian market is witnessing increased investments in border security systems, driven by heightened tensions between countries like India and China. Both nations possess substantial military capabilities and are heavily investing in the development and acquisition of advanced military technologies. Consequently, the need for border security systems to mitigate aerial threats, including unmanned vehicles, missiles, and other armaments, is creating substantial opportunities for stakeholders in the border security market.

The border security market is categorized based on environment, system, and geographical location. In terms of environment, it is divided into ground, aerial, and underwater segments. As of 2020, the ground segment held the largest share of the market. When considering systems, the market is divided into laser systems, radar systems, camera systems, perimeter intrusion detection systems, unmanned vehicles, wide-band wireless communication systems, command and control (C2) systems, biometric systems, and others. The unmanned vehicles segment was the largest contributor to the market share in 2020. Geographically, the global border security market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2020, North America represented a significant portion of the global market share.

The COVID-19 pandemic has had a profound effect on the defense, aerospace, aviation, and related sectors. The global outbreak of the virus led to widespread lockdowns, resulting in an unprecedented series of border closures worldwide. This disruption is expected to impact the defense industry until at least mid-2021. With public health concerns rising, governments are reallocating budgets towards healthcare and related sectors, which has led to a shift in funding away from defense. Nevertheless, the pandemic has highlighted the necessity for coordinated efforts among border agencies to maintain effective security protocols. Moreover, the demand for defense-related products, including border security systems, is likely to remain stable, as budgets for these projects were allocated prior to the pandemic, and they are deemed critical for national security.

The overall size of the border security market has been determined through a combination of primary and secondary research methods. The research process began with extensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data regarding the market. This approach also aims to provide a comprehensive overview and forecast of the border security market across all segments. Additionally, it offers insights and forecasts for the global border security market segmented by five major regions: North America, Europe, Asia Pacific, the Middle East & Africa, and South America. Primary interviews were also conducted with industry participants and experts to validate the data and gain deeper analytical insights. Participants included industry professionals such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the border security sector.

Key players in the global border security market include Lockheed Martin Corporation, Thales SA, Flir Systems, INC., Bae Systems Plc, Elbit Systems, Northrop Grumman Corporation, Saab AB, Leonardo, Israel Aerospace Industries Ltd., and Safran, among others.