The global border surveillance market is growing at a substantial rate. According to the recent study conducted by Market Research Future, the global border surveillance market is estimated to grow rapidly during the forecast period. The market is forecasted to witness a steady growth by 2023, growing at a moderate CAGR during the projected period (2017 -2023).
The main driving factor for the global border surveillance market is the growing need for nations to secure their borders from trespassers. Borders are a major area of concern for all nations for their safety as illegal arms and illegal immigrants may enter the country and cause grievous harm to its citizens. Unmanned planes armed with night vision comes a long way in delivering the required surveillance to security forces even at night. Another major factor driving the growth of the global border surveillance market is substantial growth in the number of illegal immigrants across the globe.
Geopolitical conflicts are a major factor that influences the growth of the global border surveillance market. Insecurities with neighbouring countries leads the government into procuring innovative technology to stay ahead of their adversary. The governments are also investing substantial amount of funds in the research and development of technology. Moreover, many nations have continuous conflicts with their neighbouring countries on account of encroachment.
This creates the need to up-date border surveillance systems and the treatment of operational information concerning threats. The security of land and maritime borders has become a key issue that must be addressed for proper integrated and coordinated management, by putting together the efforts of all the law enforcement agencies, in term of state security, economy, and public health. The use of drones in border surveillance is particularly useful in the regions that are difficult to reach or access, which significantly prevents trafficking of illegal drugs and illegal migration.
Border surveillance systems need to be robust as they need to be operational all day and all night. Moreover, the system needs to operate in all conditions and need to have the ability to detect threats from a long range. The industry is dominated by very stringent government policies, which is a major restraint for the market. The products developed by the companies need to be very robust and durable which can last through extreme conditions including war.
Global Border Surveillance Market – Segmentation
The global border surveillance market is segmented in to three key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Equipment : Comprises Drone and Surveillance Camera
Segmentation by Application : Comprises Coastal Border, Territorial Border and Infrastructure
Segmentation by Regions : Comprises Geographical regions - North America, Europe, Asia-Pacific, Middle East & Africa and Rest of the World.
Global Border Surveillance Market: Regional Analysis
North America held the largest market share of the global border surveillance market in 2017 and is expected to remain dominant during the forecast period as well. The US has been one of the major investors in the research and development of border surveillance systems and equipment.
Moreover, the Asia-Pacific region is estimated to witness the highest growth rate during the forecast period on account of the geo-political tensions in the region. Also, the developing countries in the region like China and India are the major contributors to the growth of the border surveillance market in the region.
Complete Report Details @ https://www.marketresearchfuture.com/reports/border-surveillance-market-4028
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Comments