DUBLIN, December 17, 20,21–(BUSINESS WIRE)–The “North America Border Security Market, Forecast up to 2028 – COVID-19 Influence and Regional Analysis by Environment and SystemReport has been added ResearchAndMarkets.com’s offering.
According to the report the market is expected reach US$ 21,532.1 millions by 2028 from US$ 16,562.82 in 2021. The market is expected to grow at 3.8% between 2021 and 2028.
The main driver of North America’s growth in the border security market is the increasing demand for unmanned vehicles. The North American border security market is hindered by the low adoption of laser and radar border security systems in different countries.
The United States is the most severely affected country in North America, in terms of the number of infected people. This has led to the government imposing various containment measures such as travel restrictions, factories closing, travel restrictions, international border closures and lockdowns. Due to the dependence on the global supply chains for raw materials, delays have occurred in the execution of major defense acquisition programs.
With the COVID-19 vaccine, the region expects market recovery and economic improvement. Although there is still risk for market uncertainty due to disruptions in the supply chain, the region has seen positive cash flow thanks to government efforts such as increased progress payments and payroll taxes deferrals.
Segment Insights
The North American border security market is segmented based on environment, system, country.
The market can be divided into three segments based on its environment: ground, aerial, or underwater. The largest market share in North America’s border security market was held by the ground segment in 2020.
The market for border security is classified according to system: Laser Systems (Radar Systems), Camera Systems (Perimeter Intrusion Detection Systems), Unmanned Vehicles (Wide-band Wireless Communication Systems), Command & Control Systems (C2) Systems and Biometric Systems. In 2020, the largest North American border security market was held by the Unmanned Vehicles segment.
Competitive Analysis
BAE Systems plc, Elbit Systems Ltd., FLIR Systems, Inc., Israel Aerospace Industries Ltd., Leonardo S.p.A., Lockheed Martin Corporation, Northrop Grumman Corporation, SaabAB; Safran, Thales Group, are some of the most prominent companies in North America’s border security market.
To maintain their position in the dynamic market, the companies will focus on organic growth strategies like product launches and expansions. DMC Canotec, for example, announced in 2019 the acquisition United Carlton, a customer-centric reseller and distributor of managed print services.
Key Topics Covered
1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. The Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Border Security Market Landscape
4.1 Market Overview
Porter’s Five Forces Analysis 4.2
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. North America Border Security Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Rising Demand from Unmanned Vehicles
5.1.2 Growing Investments in Advanced Weapon Systems
5.2 Market Restraints
5.2.1 Low adoption of RADAR/Laser Border Security Systems across Asian Countries
5.3 Market Opportunity
5.3.1 Design of a Laser Weapon System to Combat Fighter Aircraft
5.4 Future Trends
5.4.1 Intelligent Surveillance System is Increasingly Popular
5.5 Impact Analysis for Drivers and Restraints
6. Analysis of the North America Market for Border Security Market
6.1 North America Border Security Market Overview
Forecast and Analysis of the North American Border Security Market
7. North America Border Security Market Forecast and Revenue to 2028 – by Environment
7.1 Overview
7.2 North America Border Security Market Market Breakdown by Environment (2020-2028)
7.3 Ground
7.4 Aerial
7.5 Underwater
8. North America Border Security Market Analysis by System
8.1 Overview
8.2 North America Border Security Market Failure, By System (2020 & 2028)
8.3 Laser System
8.4 Radar Systems
8.5 Camera System
8.6 Perimeter Intrusion Detection Systems
8.7 Unmanned Vehicles
8.8 Wide-band Wireless Communication Systems
8.9 Command & Control Systems (C2)
8.10 Biometric Systems
8.11 Others
9. North America Border Security Market: Country Analysis
9.1 Overview
9.1.1 North America – Border Security Market – Revenue and Forecast to 2020 (US$ Million).
9.1.3 North America – Border Security Market, by Key Country
9.1.3.1 US: Border Security Market Revenue and Forecast to 2028 (US$ million)
9.1.3.2 Canada – Border Security Market – Revenue and Forecast to 2020 (US$ Million).
9.1.3.3 Mexico – Border Security Market – Revenue and Forecast to 2020 (US$ Million).
10. Influence of COVID-19 Pandemic On North American Border Security Market
10.1 Overview
11. Industries Landscape
11.1 Market Initiatives
11.2 Mergers or Acquisitions
11.3 Recent Developments
12. Company Profiles
(Key Facts, Business Descriptions, Products & Services; Financial Overview; SWOT Analysis; Key Developments).
12.1 Lockheed Martin Corporation
12.2 Thales Group
12.3 FLIR System, Inc.
12.4 BAE Systems plc
12.5 Elbit Systems Ltd.
12.6 Northrop Grumman Corporation
12.7 Saab AB
12.8 Leonardo S.p.A.
12.9 Israel Aerospace Industries Ltd.
12.10 Safran
For more information on this report, visit https://www.researchandmarkets.com/r/te5m6h
Businesswire.com – View the source version https://www.businesswire.com/news/home/20211217005287/en/
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