The border security system market expected to grow at a CAGR of 7.16%. The border security system market is expected to reach $52.95 billion by 2022. The use of border security system is going to increase exponentially in the future to counter the terrorist activities, to avoid major casualties, and to ensure safety of the residents and the security troops. The main drivers of this growth are need for advanced technology security systems and the rising territorial conflicts and geopolitical instabilities. However, the stringent regulatory environment is the main restraints of the market. Complete report on border security system market spread across 185 pages, profiling 15 companies and supported with 74 tables and 56 figures is now available at http://www.rnrmarketresearch.com/border-security-system-market-by-environment-ground-aerial-naval-system-laser-radar-camera-wide-band-wireless-communication-perimeter-intrusion-unmanned-vehicles-c2c-biometric-systems-and-geography-st-to-2022-market-report.html .
The APAC region is expected to grow at the highest CAGR. The border security system market in the APAC region has been segmented into countries such as China, Japan, India, South Korea, and Rest of APAC. The major driver for the APAC market is the increased investment for strengthening the surveillance and weapon guidance capabilities by China, India, and Japan, and increased spending of governments to tackle terrorist attacks, infiltration, illegal immigration and criminal activities.
Biometric systems expected to grow at the highest CAGR of among other border security systems. There would be a significant increase in the demand for biometric systems in the border security system market and it is expected that it would grow at CAGR higher than any other systems between 2016 and 2022. This high growth can be attributed to the adoption of biometric systems on a large-scale to tackle illegal immigration, human trafficking among others. Schemes such as development of national IDs, e-passports, and e-visas are expected to be the main drivers for it.
There is high adoption of unmanned solutions by different military and defense forces. In unmanned systems, there is no risk to human life, no crew to limit its range and endurance, or the fear of being captured. Unprecedented situational awareness, precision targeting, communications relay delivery for fighting and defeating threats in difficult terrains and most demanding and unknown environments are some of the main advantages of using unmanned systems in border security system.
The major players in the border security system market are Lockheed Martin Corporation (U.S.), Raytheon company (U.S.), Northrop Grumman Corporation (U.S.), Thales SA (France), BAE Systems Plc (U.K.), FLIR systems, Inc. (U.S.), and Elbit systems Ltd. (Israel) among others. Priced at $4650 for a single user PDF, Inquire Before Buying on “Border Security System Market by Environment (Ground, Aerial, Naval), System (Laser, Radar, Camera, Wide Band Wireless Communication, Perimeter Intrusion, Unmanned Vehicles, C2C, Biometric Systems), and Geography - Global Forecast to 2022” research report can be requested at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=538717 .
On a related note, another research titled Emergency Shutdown System Market Global Trend and Forecast to 2022 says, the overall emergency shutdown (ESD) system market is expected to reach USD 1,816 million by 2022, at a CAGR of 9.1% between 2016 and 2022. The ESD system market for the power generation application is expected to grow at the highest CAGR. Companies like Rockwell Automation (U.S.), Schneider Electric SE (France), Emerson Electric Company (U.S.), Siemens AG (Germany), Honeywell International, ABB Ltd. (Switzerland), General Electric Company, Yokogawa Electric Corporation, OMRON Corporation, and HIMA Paul Hildebrandt GmbH (Germany) have been profiled in this 165 pages research report available at http://www.rnrmarketresearch.com/emergency-shutdown-system-market-by-components-switches-sensors-programmable-safety-systems-safety-valves-actuators-by-control-method-pneumatic-electrical-fiber-optic-radio-telemetry-by-application-and-st-to-2022-market-report.html .
Explore more reports on Electronics market at http://www.rnrmarketresearch.com/reports/information-technology-telecommunication/electronics .
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