The global Border
Security System Market is expected to reach USD 52.95 billion by 2022,
growing at a CAGR of 7.16% between 2016 and 2022. The use of Border Security
system is going to increase exponentially in the future because of rising
territorial conflicts, terrorism and geopolitical instabilities along with the
need of advanced technology Border Security Solutions. This would help the
Border Security system market to witness significant growth during the forecast
period. This report covers the Border Security System market segmented on the
basis of environment, systems and geography.
Market Dynamics for Border Security System Market
Drivers
- Rising geopolitical instabilities and
territorial conflicts
- Increasing adoption of unmanned system
solutions by different military and defense forces
Restraints
- Stringent regulatory environment in
different regions
Opportunities
- Increase in defence spending by the
developing economies
- Rising trend of autonomous operations
Challenges
- Development of high-quality and reliable
solutions
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There would be a significant increase in the biometric systems of the
border security system market, and it is estimated that it would grow at CAGR
higher than any other industry between 2016 and 2022 owing to the adoption of
Biometric systems on a-large scale to tackle illegal immigration, human
trafficking among others. Schemes such as development of national IDs,
e-passports, and e-visas are expected to be the main drivers for it.
The APAC Border Security system market is segmented into countries such
as China, Japan, India, South Korea, and Rest of APAC. The major driver for the
APAC market is the increased investment for strengthening the surveillance and
weapon guidance capabilities by China, India, and Japan, and increased spending
of governments to tackle terrorist attacks, infiltration, illegal immigration,
and criminal activities. North America dominates the market in terms of revenue
generation. The drivers being the use of advanced weapons and technology for
overseas contingency operations such as Afghanistan and Iraq. Currently, the
ongoing operations in Syria and Libya against terrorist outfits are prompting
the U.S. to use advanced border security system technology.
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