North America Border Security Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Environment (Ground, Aerial, and Underwater) and System (Laser Systems, Radar Systems, Camera Systems, Perimeter Intrusion Detection Systems, Unmanned Vehicle

North America Border Security Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Environment (Ground, Aerial, and Underwater) and System (Laser Systems, Radar Systems, Camera Systems, Perimeter Intrusion Detection Systems, Unmanned Vehicles, Wide-band Wireless Communication Systems, Command and Control (C2) Systems, Biometric Systems, and Others)

The border security market in North America is expected to grow from US$ 16,562.82 million in 2021 to US$ 21,532.10 million by 2028; it is estimated to grow at a CAGR of 3.8% from 2021 to 2028. The growing investment in advanced weapon systems is also bolstering the growth of the industry. The increasing threats of border security safety and aerial attacks are creating the enormous requirement for advanced weaponry integrated with laser, RADAR, and advanced camera systems. Countries such as the US, are strengthening their weapon systems against UAVs, rockets, artillery, and mortar projectiles. The adoption of laser weapon systems is becoming an ideal solution, owing to their enhanced protection techniques and high precision. For instance, in 2019, the US Army awarded a contract of worth US$ 130 million to Dynetics Inc., along with its partners Lockheed Martin and Rolls-Royce, to develop an advanced weapon system. Under this contract agreement, Dynetics Inc. developed a 100-kW-class laser weapon system called High Energy Laser Tactical Vehicle Demonstrator (HEL TVD). The US military had almost doubled its spending between fiscal years 2017 and 2019 for directed energy weapons such as high-powered microwaves and lasers. Similarly, the country expects to introduce new laser and radiofrequency technology-based weapon systems in the armed forces by 2023.

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 factory shutdowns, 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 have the risk of market uncertainties from tough business environment associated with the disruptions in supply chain, various factors such as increased progress payments and payroll tax deferrals by the governments have helped the manufacturers to have a positive cash flow.

Based on environment type, the ground segment led the North America border security market in 2020. The major concerns associated with the national border security include the people arriving from other countries to live, work, or smuggle in illegal goods. Border crossings, formal security controls, and substantial fences offer suitable protection; however, in remote areas, the cost of giving as well as maintaining effective physical barriers is very high. Thus, the Blighter radars are being deployed as the primary detection sensor for high-range remote surveillance platforms, and they have the ability to sense slow moving targets, even in mountainous terrains. It is considered as the perfect solution for the detection and remote surveillance of vehicles, and people trying to cross borders illegally. The ground-based laser weapon system has a significant adoption rate in almost all leading military nations, which will ultimately drive the border security market.

The overall North America border security market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the North America border security market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the North America border security market. 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; and Thales Group are among the leading companies in the North America border security market.

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