Border Security Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 45.73 Billion |
| Market Size (2029) | USD 71.92 Billion |
| CAGR (2024 - 2029) | 9.48 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Border Security Market Analysis
The Border Security Market size is estimated at USD 45.73 billion in 2024, and is expected to reach USD 71.92 billion by 2029, growing at a CAGR of 9.48% during the forecast period (2024-2029).
Rising geopolitical instabilities and territorial conflicts worldwide drive the demand for advanced border security solutions. Also, the growing procurement of surveillance aircraft, ground attack helicopters, patrol aircraft, transport helicopters, marine vessels, and submarines for border security is anticipated to boost the border security market during the forecast period. Furthermore, the modernization of existing border security infrastructure is providing new market opportunities.
The increasing adoption of unmanned aerial and ground or underwater vehicles within the military will spur the need for enhanced, proficient long-distance obstacle identification and collision prevention mechanisms.
Quality assurance is critical, with all components undergoing thorough inspections and tests. While this process is essential for safety, it can also affect market delivery cycles. Replacing components that fail to meet safety and design criteria poses challenges for manufacturers who must meet regulatory demands while ensuring product quality.
Border Security Market Trends
The Sea Segment to Showcase Significant Growth During the Forecast Period
Maritime security requires appropriate border control measures along maritime border crossing points to help countries better deal with transnational organized crime, including piracy, terrorism, migrant smuggling, trafficking in persons, and arms proliferation. Despite clearly defined boundaries, maritime disputes are common where countries compete over inhabited and uninhabited islands. Many military superpowers, such as the United States, United Kingdom, Germany, France, China, Russia, and Japan, have borders surrounded mainly by seas. There are many disputes in the South China Sea among China, Taiwan, Vietnam, the Philippines, and Malaysia, which have overlapping claims.
In line with these challenges, countries are increasing their respective military expenditures to prioritize their focus on protecting their sea-based borders. With increasing threats over international waters, countries are focusing on developing their surveillance over the sea, which is expected to drive the sea-based platform segment to register the highest growth in the market during the forecast period.
Asia-Pacific Holds the Largest Market Share
The market growth in Asia-Pacific is mainly due to increasing warfare, growing terrorism, and ongoing cross-border disputes between India, China, and Pakistan. China is one of Asia's most significant countries, with territorial problems with Taiwan, India, North Korea, Malaysia, Indonesia, South Korea, Japan, and Vietnam.
In addition, governments across Asia-Pacific countries are taking significant steps to secure their borders. For instance, India's defense budget for FY 2022-23 focused on maritime security and border infrastructure development. The Ministry of Defence allocated a total budget of USD 70.23 billion, 13.31% of the total Union budget. The capital allocations for modernization and infrastructure development of armed forces were increased to USD 20.33 billion, an increase of 12.82% over FY 2021-22. The capital budget was hiked by 47.37% over 2019-20 after clashes with Pakistan and China. Governments are increasingly trying to secure their borders amid disputes with enemy countries, driving market growth across the region.
Border Security Industry Overview
The border security market is fragmented due to many local and global players. Some of the major players in the market are General Dynamics Corporation, RTX Corporation, Northrop Grumman Corporation, Elbit Systems Ltd, and THALES. Many geographic regions have local market players who are equally strong and provide smaller sub-systems of a larger network/project in partnership with global leaders. Regional players in North America, the Middle East, and Africa are particularly threatening the global market leaders as they aim to provide all-around solutions at a fraction of the cost quoted by these global leaders while maintaining quality and reliability.
Border Security Market Leaders
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General Dynamics Corporation
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THALES
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Elbit Systems Ltd.
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Northrop Grumman Corporation
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RTX Corporation
*Disclaimer: Major Players sorted in no particular order
Border Security Market News
September 2023: Elbit America received a contract to provide medium long-range surveillance towers to the US Customs and Border Protection. The towers will consist of multiple sub-systems that allow agents to continuously detect, recognize, classify, and track items of interest along the nation's borders.
March 2023: Accenture Federal Services received a USD 380 million contract from US Customs and Border Protection (CBP) for IT infrastructural operations and modernization. Under the contract, the company will be delivering technological support for various programs within the agency responsible for safeguarding the country's borders and facilitating lawful international travel and trade.
Border Security Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
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4.4 Industry Attractiveness - Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Platform
- 5.1.1 Land
- 5.1.2 Air
- 5.1.3 Sea
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5.2 Geography
- 5.2.1 North America
- 5.2.1.1 United States
- 5.2.1.2 Canada
- 5.2.2 Europe
- 5.2.2.1 United Kingdom
- 5.2.2.2 France
- 5.2.2.3 Germany
- 5.2.2.4 Russia
- 5.2.2.5 Rest of Europe
- 5.2.3 Asia-Pacific
- 5.2.3.1 China
- 5.2.3.2 India
- 5.2.3.3 Japan
- 5.2.3.4 South Korea
- 5.2.3.5 Rest of Asia-Pacific
- 5.2.4 Latin America
- 5.2.4.1 Brazil
- 5.2.4.2 Rest of Latin America
- 5.2.5 Middle East and Africa
- 5.2.5.1 United Arab Emirates
- 5.2.5.2 Saudi Arabia
- 5.2.5.3 Turkey
- 5.2.5.4 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Vendor Market Share
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6.2 Company Profiles
- 6.2.1 Northrop Grumman Corporation
- 6.2.2 Airbus SE
- 6.2.3 The Boeing Company
- 6.2.4 RTX Corporation
- 6.2.5 Elbit Systems Ltd
- 6.2.6 General Dynamics Corporation
- 6.2.7 THALES
- 6.2.8 BAE Systems PLC
- 6.2.9 Israel Aerospace Industries Ltd
- 6.2.10 Leonardo SpA
- 6.2.11 Moog Inc.
- 6.2.12 Saab AB
- 6.2.13 Rafael Advanced Defense Systems Ltd
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityBorder Security Industry Segmentation
Border security refers to government measures to monitor and regulate the movement of people, animals, and goods across land, air, and maritime borders.
The border security market is segmented by platform and geography. By platform, the market is segmented into land, air, and sea. The report also covers the sizes and forecasts for the border security market in major countries across different regions. For each segment, the market sizes and forecasts are provided based on value (USD).
| Platform | Land | |
| Air | ||
| Sea | ||
| Geography | North America | United States |
| Canada | ||
| Geography | Europe | United Kingdom |
| France | ||
| Germany | ||
| Russia | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Latin America | Brazil |
| Rest of Latin America | ||
| Geography | Middle East and Africa | United Arab Emirates |
| Saudi Arabia | ||
| Turkey | ||
| Rest of Middle East and Africa |
Border Security Market Research FAQs
How big is the Border Security Market?
The Border Security Market size is expected to reach USD 45.73 billion in 2024 and grow at a CAGR of 9.48% to reach USD 71.92 billion by 2029.
What is the current Border Security Market size?
In 2024, the Border Security Market size is expected to reach USD 45.73 billion.
Who are the key players in Border Security Market?
General Dynamics Corporation, THALES, Elbit Systems Ltd., Northrop Grumman Corporation and RTX Corporation are the major companies operating in the Border Security Market.
Which is the fastest growing region in Border Security Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Border Security Market?
In 2024, the Asia Pacific accounts for the largest market share in Border Security Market.
What years does this Border Security Market cover, and what was the market size in 2023?
In 2023, the Border Security Market size was estimated at USD 41.39 billion. The report covers the Border Security Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Border Security Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Border Security Industry Report
Statistics for the 2024 Border Security market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Border Security analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
