Border Surveillance Market Global Latest News, Leading Players Strategies, Size, Share, Trends, Demand, Business Opportunity by Forecast to 2023
Global Border Surveillance Market Information Report by Equipment (Drone and Surveillance Camera), By Application (Coastal Border, Territorial Border, and Infrastructure) and by Region (North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America) – Forecast to 2023
Pune, India – August 26, 2019 /MarketersMedia/ —
Overview:
The Global Border Surveillance Market is growing with the rapid pace; mainly due to the increasing prevalence of Terrorism activities across the globe. According to a recent study report published by the Market Research Future, The global market of Border Surveillance is booming and expected to gain prominence over the forecast period.
The market is projected to demonstrate a spectacular growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR of 5% during the anticipated period (2016 – 2023).
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Growing demand for surveillance drones, integration of IP technology in surveillance cameras, and introduction of thermal imaging and panoramic surveillance cameras are some of the primary factors driving the global border surveillance market. Furthermore, the increased adoption of the stealth surveillance drones in the vulnerable coastal/territorial borders and the growing usage of surveillance cameras for the protection of critical infrastructure is also expected to fuel the demand in the border surveillance market.
Border surveillance is one of the key areas, where every country focuses upon, as these borders safeguard a nation’s security, sovereignty, and economic prosperity. Rapidly rising cross border conflicts and territory conflicts in specific regions is expected to propel the demand in the global border surveillance market. Development of new methods of surveillance through high end cameras and drones has resulted in opening of new revenue streams in this market. The recent Syrian refugee crisis (Aug.2017) beckons the need to increase the investments in the border surveillance market. In response to this demand, the US Department of Defence (DOD) and the UK Ministry of Defence (MOD) have amplified the usage of unmanned systems, for the soul purpose of monitoring the national borders. Consequently, the increasing application of unmanned solutions has significantly contributed towards the growth of the global border surveillance market.
There is an expanding requirement for coastal surveillance both as a means of countering potential terrorist threats and for border intrusions and this requirement can extend to monitoring wind farms and other offshore installations. With very few manned coastal observation stations now operational, the use of remotely controlled equipment for monitoring offers a viable option.
Impeding and denying entry to immigrants without proper documents is one component of the wall. Other components include situational awareness, rapid response, and mission readiness. The Border Patrol plans to use sensors and surveillance to build situational awareness and aid in its ability to arrive at the scene of a conflict quickly, with the right expertise and equipment.
Competitive Analysis:
Characterized by the presence of several major well-established players, the global Market of Border Surveillance appears to be highly competitive. To maintain their market position and to drive the market growth, these players are focusing upon developing their product portfolio with the help of advance technologies. Innovation, mergers & acquisitions, and brand reinforcement remain the key trends for leading players. Major players are investing on internal R&D and, most of all, in acquiring other firms. Prominent manufacturers of Border Surveillance Equipment are targeting to invest more in technology and research and development activities to innovate their already existing products. The rising government funding is also expected to motivate key companies to manufacture new Border Surveillance Equipment that match the changing trends and needs of the patrons.
These players possess state of art R&D labs and strong sales and distribution network which have helped them to gain leadership position in the market. An ever-increasing emphasis has been observed among Border Surveillance Equipment industry marketers on inbound lead generation over branding-oriented efforts.
Segmentation:
The Border Surveillance Market can be segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation By Equipment: Comprises Drone, Surveillance Camera and other.
Segmentation By Application: Comprises Coastal Border, Territorial Border, and Infrastructure, and other.
Segmentation By Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Top Companies are:
DJI (China), General Atomics (U.S.), Leonardo S.p.A (Italy), Lockheed Martin(U.S.), Northrop Grumman(U.S.), Thales Group(France), General Dynamics (U.S.), Honeywell International (U.S.), FLIR Systems (U.S.), and Moog (India) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Border Surveillance Market.
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Source: MarketersMedia
Release ID: 88912104
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