Unmanned Vehicles Segment to Dominate APAC Border Security Market during 2020-2028
According to a new market research study on “APAC Border Security Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Environment and System,” is expected to reach US$ 21594.87 million by 2028 from US$ 12116.80 million in 2021. The market is estimated to grow at a CAGR of 8.6% from 2021 to 2028. The report provides trends prevailing in the APAC border security market along with the drivers and restraints pertaining to the market growth. Development of laser weapon system for fighter aircraft are the major factor driving the growth of the APAC border security market. However, low adoption of radar and laser border security systems across countries hinder the growth of APAC border security market.
The response of countries in Asia-Pacific region towards COVID-19 pandemic in terms of defense budgets and funding is mixed. Most of the countries located in North-East Asia have recently announced to increase their 2021 military budget. However, countries have been negatively hit by the pandemic due to disruptions in supply chain and lack of availability of supply. For instance, due to domestic financial and operational difficulties and decrease in arms export, the country’s defense industry slumped to a lower level. Further, spending on defense and military technologies could also provide economic boosts to the domestic markets, especially for regions like South Korea and China, which has a robust domestic defense industry. On the other hand, most South Asian countries have announced cuts in their defense budgets and cancelled or postponed the acquisition of new military equipment in 2021. Most of the funds for military budgets have been shifted to fight the COVID-19 pandemic and its consequences.
The APAC 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 APAC 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 APAC 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 APAC 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 2019, DMC Canotec announced the acquisition of United Carlton, a customer-centric reseller of managed print services.
The response of countries in Asia-Pacific region towards COVID-19 pandemic in terms of defense budgets and funding is mixed. Most of the countries located in North-East Asia have recently announced to increase their 2021 military budget. However, countries have been negatively hit by the pandemic due to disruptions in supply chain and lack of availability of supply. For instance, due to domestic financial and operational difficulties and decrease in arms export, the country’s defense industry slumped to a lower level. Further, spending on defense and military technologies could also provide economic boosts to the domestic markets, especially for regions like South Korea and China, which has a robust domestic defense industry. On the other hand, most South Asian countries have announced cuts in their defense budgets and cancelled or postponed the acquisition of new military equipment in 2021. Most of the funds for military budgets have been shifted to fight the COVID-19 pandemic and its consequences.
The APAC 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 APAC 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 APAC 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 APAC 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 2019, DMC Canotec announced the acquisition of United Carlton, a customer-centric reseller of managed print services.
The report segments the APAC Border Security Market as follows:
APAC Border Security Market - By Environment
- Ground
- Aerial
- Underwater
APAC 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
APAC Border Security Market - By Country
- China
- Japan
- South Korea
- India
- Australia
- Rest of APAC
Reasons to buy:
- To understand the APAC 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 APAC border security market
- Efficiently plan M&A and partnership deals in APAC 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 APAC border security market
- Obtain market revenue forecast for market by various segments from 2021-2028 in APAC region
Table of Contents
1. Introduction
3. Research Methodology
4. APAC Border Security Market Landscape
5. APAC Border Security Market - Key Industry Dynamics
6. Border Security Market - APAC Market Analysis
7. APAC Border Security Market Revenue and Forecast to 2028 - Environment
8. APAC Border Security Market Analysis - By System
9. APAC Border Security Market - Country Analysis
10. Impact of COVID-19 Pandemic on APAC 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 | 101 |
| Published | July 2021 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 12116.8 Million |
| Forecasted Market Value ( USD | $ 21594.87 Million |
| Compound Annual Growth Rate | 8.6% |
| Regions Covered | Asia Pacific |
