Pune, India, April 08, 2019 -- /360iResearch/ -- The report "Global Border Security System Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2025 (Q1 2019 Update)", published by 360iResearch, states that the global market was valued at USD 35,535.55 million in 2018 and is projected to reach USD 58,863.56 million by 2025, growing at a CAGR of 7.48% from 2018 to 2025.
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The major forces driving the growth of the border security system market include the need for technically advanced border security solutions and rising cross-border infiltration and global disputes. Moreover, increasing applications of the unmanned security system by defense and military is also one of the factors that is driving the market growth. However certain factors such as the stringent regulatory environment may hinder the market growth. In the middle of difficulty lies opportunity such as the increase investment in defense sector by the emerging economies, and infrastructure supporting the upgradation of the existing border security. The possible challenges for the market growth is high cost of r&d and requirement of essential infrastructure for testing security systems. But key players in the market are overcoming the challenges with continual improvement and innovation.
Based on environment, the global border security system market is studied across Aerial, Ground, and Naval. Based on system, the global border security system market is studied across Biometric Systems, Camera Systems, Command & Control Systems, Laser Systems, Microwave Intrusion Detection System, Perimeter Intrusion Detection Systems/ Intelligent Fencing Systems, RF Jammers, Radar Systems, Unmanned Vehicles, and Wide-Band Wireless Communication Systems. Based on industry, the global border security system market is studied across Aerospace & Defense, Automotive & Transportation, Banking, Financial Services & Insurance, Building, Construction & Real Estate, Consumer Goods & Retail, Education, Energy & Utilities, Government & Public Sector, Healthcare & Life Sciences, Information Technology, Manufacturing, Media & Entertainment, Telecommunication, and Travel & Hospitality. Based on geography, the global border security system market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.
The report features a competitive scenario of the border security system market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are Airbus SE, BAE Systems plc, CONTROP Precision Technologies Ltd., Collins Aerospace, Elbit Systems Ltd., FLIR Systems, Inc., Israel Aerospace Industries Ltd., Leonardo SpA, Lockheed Martin Corporation, Moog Inc., Northrop Grumman Corporation, Raytheon Company, Saab AB, Safran SA, and Thales Group.
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