Unmanned Vehicles Segment to Dominate Europe Border Security Market during 2020-2028.
According to a new market research study on “Europe Border Security Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Environment and System,” is expected to reach US$ 17598.15 million by 2028 from US$ 10721.69 million in 2021. The market is estimated to grow at a CAGR of 7.3% from 2021 to 2028. The report provides trends prevailing in the Europe border security market along with the drivers and restraints pertaining to the market growth. High investment in advanced weapon systems are the major factor driving the growth of the Europe border security market. However, growing initial investment and maintenance costs hinder the growth of Europe border security market.
Owing to the lockdown during the year 2020 because of COVID-19, several defense companies across Europe implemented a wide range of measures like halting or reducing production. The outbreak of the virus has distrusted the supply chain in various countries in this region. The member states of Europe such as Italy, Spain and Germany have implemented drastic measures and travel restrictions to limit the spread of coronavirus among its citizens. Moreover, the spread of COVID-19 at an alarming rate could shift governments’ priorities away from defense and towards healthcare and crisis contingency. For instance, there have already been announcements of spending cuts to EU programs. Most notably, the European Defense Fund (EDF) was originally set to receive US$ 16.32 billion for the next EU Multiannual Financial Network for 2021-27 which was cut to US$ 9.74 billion in May 2020. Thus, the spread of newly mutated strain of COVID-19 is anticipated to affect the Border Security market till first two quarters of 2021.
The Europe border security market is segmented on the bases of environment, system, and country. Based on environment, the market is segmented into ground, aerial, and underwater. In 2020, the ground segment held the largest share Europe border security market. Based on system, the border security market is categorized as 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. In 2020, the Unmanned Vehicles segment held the largest share Europe 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; Thales Group are among the leading companies in the Europe border security market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Safran Corporate Ventures has invested in SkyFive as part of the company’s Series A investment round. The investment round was led by Safran Corporate Ventures together with STAR Capital, a European private equity fund manager with a track record of developing emerging infrastructure businesses.
Owing to the lockdown during the year 2020 because of COVID-19, several defense companies across Europe implemented a wide range of measures like halting or reducing production. The outbreak of the virus has distrusted the supply chain in various countries in this region. The member states of Europe such as Italy, Spain and Germany have implemented drastic measures and travel restrictions to limit the spread of coronavirus among its citizens. Moreover, the spread of COVID-19 at an alarming rate could shift governments’ priorities away from defense and towards healthcare and crisis contingency. For instance, there have already been announcements of spending cuts to EU programs. Most notably, the European Defense Fund (EDF) was originally set to receive US$ 16.32 billion for the next EU Multiannual Financial Network for 2021-27 which was cut to US$ 9.74 billion in May 2020. Thus, the spread of newly mutated strain of COVID-19 is anticipated to affect the Border Security market till first two quarters of 2021.
The Europe border security market is segmented on the bases of environment, system, and country. Based on environment, the market is segmented into ground, aerial, and underwater. In 2020, the ground segment held the largest share Europe border security market. Based on system, the border security market is categorized as 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. In 2020, the Unmanned Vehicles segment held the largest share Europe 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; Thales Group are among the leading companies in the Europe border security market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Safran Corporate Ventures has invested in SkyFive as part of the company’s Series A investment round. The investment round was led by Safran Corporate Ventures together with STAR Capital, a European private equity fund manager with a track record of developing emerging infrastructure businesses.
The report segments the Europe Border Security Market as follows:
Europe Border Security Market - By Environment
- Ground
- Aerial
- Underwater
Europe Border Security Market - By System
- Unmanned Vehicles
- Radar Systems
- Command and Control (C2) Systems
- Wide-band Wireless Communication Systems
- Camera Systems
- Perimeter Intrusion Detection Systems
- Laser Systems
- Biometric Systems
- Others
Europe Border Security Market - By Country
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
Reasons to buy:
- To understand the Europe border security market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe border security market
- Efficiently plan M&A and partnership deals in Europe border security market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe border security market
- Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region
Table of Contents
1. Introduction
3. Research Methodology
4. Europe Border Security Market Landscape
5. Europe Border Security Market - Key Industry Dynamics
6. Border Security Market - Europe Market Analysis
7. Europe Border Security Market Revenue and Forecast to 2028 - Environment
8. Europe Border Security Market Analysis - By System
9. Europe Border Security Market - Country Analysis
10. Impact of COVID-19 Pandemic on Europe Border Security Market
11. Industry Landscape
12. Company Profiles
13. Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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
- Thales Group
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 103 |
| Published | July 2021 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 10721.69 Million |
| Forecasted Market Value ( USD | $ 17598.15 Million |
| Compound Annual Growth Rate | 7.3% |
| Regions Covered | Europe |
