What are the factors influencing Asia Pacific border security industry?

Asia Pacific market share was over 40% in 2023, due to escalating security concerns, geopolitical tensions, and increased investments in innovative technology.

Who are the key players in the global border security market?

Airbus Defence and Space, FLIR Systems, Inc, L3Harris Technologies, Inc., Leonardo S.p.A., Safran Electronics & Defense, Smiths Detection, and Thales Group.

Why are the land border security solutions gaining traction?

The land segment held a market share of over 45% in 2023, due to the versatility and efficacy of these solutions in handling diverse security concerns.

How big is the border security market?

The market size of border security reached USD 40 billion in 2023 and is set to grow at 5.5% CAGR between 2023 and 2032, as governments seek new technologies & solutions to improve national security amid rising concerns about illegal immigration and terrorism.

Border Security Market Share

Report ID: GMI7638

Published Date: December 2023

Report Format: PDF

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Border Security Market Share

Companies operating in the market focus on implementing different growth strategies to strengthen their offerings and expand their market reach. These strategies involve new product developments & launches, partnerships & collaborations, mergers & acquisitions, and customer retention. These companies also heavily invest in research & development to introduce innovative and technologically advanced solutions in the market.

Border Security Market Companies

Some of the major companies operating in the border security industry are:

Airbus Defence and Space
FLIR Systems, Inc
L3Harris Technologies, Inc.
Leonardo S.p.A.
Safran Electronics & Defense
Smiths Detection
Thales Group

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Question(FAQ) :

What are the factors influencing Asia Pacific border security industry?: Asia Pacific market share was over 40% in 2023, due to escalating security concerns, geopolitical tensions, and increased investments in innovative technology.
Who are the key players in the global border security market?: Airbus Defence and Space, FLIR Systems, Inc, L3Harris Technologies, Inc., Leonardo S.p.A., Safran Electronics & Defense, Smiths Detection, and Thales Group.
Why are the land border security solutions gaining traction?: The land segment held a market share of over 45% in 2023, due to the versatility and efficacy of these solutions in handling diverse security concerns.
How big is the border security market?: The market size of border security reached USD 40 billion in 2023 and is set to grow at 5.5% CAGR between 2023 and 2032, as governments seek new technologies & solutions to improve national security amid rising concerns about illegal immigration and terrorism.

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Authors: Suraj Gujar, Deeksha Vishwakarma

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Premium Report Details

Base Year: 2023

Companies covered: 15

Tables & Figures: 291

Countries covered: 22

Pages: 220

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Border Security Market Share

Border Security Market Share

Border Security Market Companies

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