Report : North America Border Security Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Environment (Ground, Aerial, and Underwater) and System (Laser Systems, Radar Systems, Camera Systems, Perimeter Intrusion Detection Systems, Unmanned Vehicles, Wide-band Wireless Communication Systems, Command and Control (C2) Systems, Biometric Systems, and Others)
Ground Segment to Dominate North America Border Security Market during 2020–2028
According to a new market research study on “North America Border Security Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Environment and System,” is expected to reach US$ 21532.10 million by 2028 from US$ 16562.82 million in 2021. The market is estimated to grow at a CAGR of 3.8% from 2021 to 2028. The report provides trends prevailing in the North America border security market along with the drivers and restraints pertaining to the market growth. Mounting demand from unmanned vehicles are the major factor driving the growth of the North America border security market. However, low adoption of radar and laser border security systems across countries hinder the growth of North America border security market.
The US is the most affected country in North America in terms of number of infections which has led the government to impose various containment measure such factories shut down, travel restrictions, closure of international borders and lockdowns. Due to dependence on the global supply chain for supply of raw materials, there has been delays in execution of the Pentagon’s major defense acquisition programs. The region is expecting market recovery and economic improvement with the start of the COVID-19 vaccination. Although the companies in this region still has the risk of market uncertainties from tough business environment associated with the disruptions in supply chain, various factors such as government efforts like increased progress payments and payroll tax deferrals have helped the manufacturers to have a positive cash flow.
The North America border security market is segmented on the bases of environment, system, and country. Based on environment, the market is segmented into ground, aerial, and underwater. In 2020, the ground segment held the largest share North America border security market. Based on system, the border security market is categorized as Laser Systems, Radar Systems, Camera Systems, Perimeter Intrusion Detection Systems, Unmanned Vehicles, Wide-band Wireless Communication Systems, Command and Control (C2) Systems, Biometric Systems, and Others. In 2020, the Unmanned Vehicles segment held the largest share North America border security market
BAE Systems plc; Elbit Systems Ltd.; FLIR Systems, Inc; Israel Aerospace Industries Ltd.; Leonardo S.p.A.; Lockheed Martin Corporation; Northrop Grumman Corporation; SaaB AB; Safran; Thales Group are among the leading companies in the North America border security market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2019, DMC Canotec announced the acquisition of United Carlton, a customer-centric reseller of managed print services
The report segments the North America Border Security Market as follows:
North America Border Security Market – By Environment
- Ground
- Aerial
- Underwater
North America Border Security Market – By System
- Unmanned Vehicles
- Radar Systems
- Command and Control (C2) Systems
- Wide-band Wireless Communication Systems
- Camera Systems
- Perimeter Intrusion Detection Systems
- Laser Systems
- Biometric Systems
- Others
North America Border Security Market – By Country
- US
- Canada
- Mexico
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