New market forecasts released today, available on ASDReports, have revealed that the $23.72bn global border security market will soar over the next decade, as states try to assert and maintain control over their frontiers.
The research is published in a comprehensive new report entitled Border Security Market Outlook 2014-2024, which details current and projected market size for the 19 largest national and 4 regional markets for border security.
A detailed analysis of the latest political, economic and technological trends lies at the heart of the unparalleled quantitative and qualitative analysis of the border security market. The 308-page report is packed with 264 tables, figures and charts that illustrate key trends in the market at the global level, across 5 end-use submarkets covering all major technologies and equipment classes used for border control and enforcement. The report also provides profiles of 21 leading companies operating within the market and contains details of 220 contracts and programmes in the market.
The analyst responsible for the border security research explained the importance of its findings: “Border security today is an extremely exciting and lucrative market – but also tricky to navigate. New technologies such as unmanned air, ground and maritime systems, unattended ground sensors and even satellite imagery are now offering huge leaps in surveillance capability even in the most difficult terrain situations, for increasingly affordable prices. However, in many cases these solutions will eventually prove too effective, leading to market saturation on certain segments. This makes it critical to understand when to invest, where and in what technologies.
At the same time, the accelerated infusion of technology in the border security field can distract attention from what is still the fundamental mission of border guards the world over: actually stopping and/or apprehending trespassers. For this, more traditional solutions such as manned patrol platforms and fixed security infrastructure remain essential.
Ultimately, the border security market has entered an unprecedented boom period with key windows of opportunity but also many pitfalls. In this context, an overarching view of the dynamics of the global market is a prerequisite to sound business decisions in this sector.”
The Border Security Market Outlook 2014-2024 will be of impressive value to current, and future, investors into the industry, as well as to companies and public authorities who wish to broaden their knowledge of the border security market.
Source: ASDReports - Market Research
Date: May 27, 2014