North America Border Security Market

Market Introduction

The US, Canada, and Mexico are major economies in North America. The region is notable for technological advancements and is characterized by high disposable individual incomes, higher standards of living, and rapid technological advancements in the arena of military & defense. Also, North America has the largest fleet of defense aircrafts in the world. General Dynamics Corporation, Honeywell International Inc., United Technologies, and Raytheon Corporation are other major aircraft manufacturers having their bases in North America. Northrop Grumman, General Dynamics, and Lockheed Martin are among the major defense aircraft suppliers operating in the region, thus presenting a tremendous opportunity for the market players to enhance their footprint globally. Huge volumes of military fleets operating in domestic as well as international arena coupled with an increasing border security in the region is increasing the need for defense aircraft, which are integrated with advanced laser and radar technology. The region has a maximum number of laser weapon manufacturing companies, which leads to robust competition in the laser weapon systems for border security. Rising competition in the region encourages these companies to offer enhanced designs, power, and strength for defense weapons, through continuous development, at a lower cost than their counterparts in the market. The market players are developing new laser and radar weapon systems with enhanced range, power, and energy consumption. For instance, the US Navy is deploying laser weapon systems on its nine destroyers as an evolution part of the weapon systems. The nine destroyers are being nonlethal Optical Dazzling Interdictor, defense bases from aerial attack, and Navy (ODIN) system to protect ships. Similarly, the US Air Force awarded a contract of US$ 15.5 million to Raytheon Technologies to upgrade its ground-vehicle laser weapon systems.

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.

Market Overview and Dynamics

The border security market in North America is expected to grow from US$ 16562.82 million in 2021 to US$ 21532.10 million by 2028; it is estimated to grow at a CAGR of 3.8% from 2021 to 2028. Development of laser weapon system for fighter aircraft; Laser weapon systems are gaining major demand from countries such as the US which hold high military power globally. Escalating development of advanced weapons system and increasing adoption of drones or unmanned vehicle for military operations are creating enormous demand for advanced defensive weapons. Several drones and advanced weapons are creating severe damage owing to which the demand for high-precise laser weapon systems is increasing. The growing investment by various nations and intensive R&D activities performed by the market players create new opportunities for the growth of the laser system for enhanced border security. For instance, the US's self-protect high-energy laser demonstrator (SHiELD) initiative opens a new application area for laser weapon systems. Lockheed Martin developed a laser weapon system for fighter jets, thus bringing a new level of advancement for war fighters. The laser weapons in fighter jets are intertwining the ability to shoot down missiles in flight and get an advantage over adversaries. 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 North America 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 North America 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.

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• To understand the North America border security market landscape and identify market segments that are most likely to guarantee a strong return
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• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America border security market
• Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.

NORTH AMERICA BORDER SECURITY MARKETSEGMENTATION

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

North America 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

North America Border Security Market Strategic Insights

North America Border Security Market Segmentation Analysis

North America Border Security Market Report Highlights

North America Border Security Report Scope

North America Border Security Market Country and Regional Insights