The report, now available on ASDReports, recognizes the following companies as the key players in the Global Border Security Market: Airbus group, Boeing, Cobham, DRS Technologies and Northrop Grumman
Other Prominent Vendors in the market are: Elbit Systems, Embraer Defense & Security, FLIR Systems, General Atomics Systems and General Dynamics
Commenting on the report, an analyst said: “WINSs are trending in the market, as they combine sensing, signal processing, prompt decision-making, and wireless networking in a single compressed power system to identify terrorist activities or weapons and explosives smuggling.”
According to the report, the market has evolved along with the introduction of new technologies, such as driverless cargo inspection and aerostat systems, preventing the illegal export and import of nuclear materials, explosives, and ammunitions. In addition, they are capable of making autonomous decisions and are cost-effective compared to conventional manned systems.
Further, the report states that the market is hindered by the increased costs incurred from the installation of new technologies and software in these systems, which will lead to the delayed delivery of these products to customers.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Source: ASDReports - Market Research
Date: Nov 9, 2015