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Border Security Market Share

Report ID: GMI7638
Published Date: Dec 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 Questions (FAQ) :

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.

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.

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

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