Asia Pacific Border Security Market

Market Introduction

The border security market in APAC comprises countries such as China, India, Japan, Australia, South Korea, and the Rest of APAC. The economy of the region is performing well due to numerous technological and infrastructural developments. The region has strong aerospace, military, and semiconductor sector in countries such as India, China, and South Korea. The rapid economic development in the region is estimated to boost the growth of the border security market during the forecast period. With the rising government budget for tackling infiltration, terrorism, and other criminal activities, the detection of obstacles has become a significant aspect to assure the safe navigation of autonomous mobile robots such as unmanned ground vehicles (UGVs) and delivery robots used in outdoor environments. For autonomous mobile robots, it is highly critical to precisely understand the obstacles in front of them on the road surfaces while they are moving. Laser sensors are extensively applied to detect the obstacles owing to their excellent range resolution and high accuracy. The growing incorporation of automated features in various applications, such as unmanned vehicles and other active safety applications, is likely to accelerate the demand for laser and radar system in APAC. Hence, rising applications of advanced laser, radar, camera, and perimeter intrusion detection systems are estimated to fuel the adoption of border security systems during the forecast period.

The response of countries in Asia-Pacific region towards COVID-19 pandemic in terms of defense budgets and funding is mixed. Most of the countries located in North-East Asia have recently announced to increase their 2021 military budget. However, countries have been negatively hit by the pandemic due to disruptions in supply chain and lack of availability of supply. For instance, due to domestic financial and operational difficulties and decrease in arms export, the country’s defense industry slumped to a lower level. Further, spending on defense and military technologies could also provide economic boosts to the domestic markets, especially for regions like South Korea and China, which has a robust domestic defense industry. On the other hand, most South Asian countries have announced cuts in their defense budgets and cancelled or postponed the acquisition of new military equipment in 2021. Most of the funds for military budgets have been shifted to fight the COVID-19 pandemic and its consequences.

Market Overview and Dynamics

The border security market in APAC is expected to grow from US$ 12116.80 million in 2021 to US$ 21594.87 million by 2028; it is estimated to grow at a CAGR of 8.6% from 2021 to 2028. Rising Mounting demand from unmanned vehicles; Unmanned aerial vehicles (UAVs), Unmanned underwater vehicle (UUV), and unmanned ground vehicles (UGVs) are being deployed across industries for a wide range of applications, such as mapping & surveying, aerial photography & videography, asset inspection, search & rescue operations, exploration & research, and emergency response. The advantage of using such vehicles during wars is to avoid humiliation in case the aircraft is shot down, and the pilot is captured. Further, the adoption of unmanned underwater vehicles, unmanned aerial vehicles, and unmanned ground vehicles across defence industries is rising at an impressive pace and it is anticipated to drive the future demand of efficient and advanced long range obstacle detection and collision avoidance systems. The application of UUVs, UAVs and UGVs by defence forces and law enforcement agencies for applications such as search & rescue operations, crowd monitoring, site exploration, and location monitoring is further driving the demand for these vehicles across the world. This is bolstering the growth of the border security market

Key Market Segments

In terms of environment type, the ground segment accounted for the largest share of the APAC border security market in 2020. In terms of system type, the unmanned vehicles segment held a larger market share of the border security market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the border security market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are 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.

Reasons to buy report

• To understand the APAC border security market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC border security market
• Efficiently plan M&A and partnership deals in APAC border security market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC border security market
• Obtain market revenue forecast for market by various segments from 2021-2028 in APAC region.

APAC BORDER SECURITY MARKETSEGMENTATION

APAC Border Security Market – By Environment

• Ground
• Aerial
• Underwater

APAC 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

APAC Border Security Market, by Country

• China
• Japan
• South Korea
• India
• Australia
• Rest of APAC

APAC Border Security Market -Companies Mentioned

• 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

Asia Pacific Border Security Market Strategic Insights

Asia Pacific Border Security Market Report Highlights

Asia Pacific Border Security Market Country and Regional Insights