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The market is segmented by Platform (Land, Air, Sea), and Geography.
Fastest growing market:
Greater Than 7 %
The border security market is anticipated to register a CAGR of over 7%, during the forecast period.
The border security market is defined as the revenue from products that are employed for the purpose of securing borders.
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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, Russia, 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.
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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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The market is fragmented and is dominated by global defense systems and technology providers, like Raytheon Company, General Dynamics Corporation, and Thales Group. The majority of the geographic regions have local players who are equally strong and provide smaller sub-systems of a larger network/project in partnership with the global leaders. Local players in North America and the Middle-East and Asia are particularly threatening the global leaders, as they aim to provide an all-round solution at a fraction of the cost quoted by these global leaders, without compromising on quality or reliability.
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.2.1 North America
188.8.131.52 United States
5.2.2 South America
184.108.40.206 Rest of South America
220.127.116.11 Rest of Asia-Pacific
18.104.22.168 United Kingdom
22.214.171.124 Rest of Europe
5.2.5 Middle-East and Africa
126.96.36.199 United Arab Emirates
188.8.131.52 South Africa
184.108.40.206 Saudi Arabia
220.127.116.11 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Northrop Grumman Corporation
6.2.2 Airbus SE
6.2.3 The Boeing Company
6.2.4 Cobham plc
6.2.5 Raytheon Company
6.2.6 Elbit Systems Ltd
6.2.7 General Atomics
6.2.8 General Dynamics Corporation
6.2.9 Saab AB
6.2.10 Moog, Inc.
6.2.11 Blighter Surveillance Systems Ltd
6.2.12 Thales Group
7. MARKET OPPORTUNITIES AND FUTURE TRENDS