London, 27 October 2015: Technavio, the independent tech-focused global research firm, has published a report on the global border security market 2015-2019, which is expected to grow at a CAGR of 7.89% during the forecast period of 2014-2019.
“Border security agencies have started to develop technologies that retrieve intelligence information. Companies are focusing on the development of biometric devices and software that will aid in the identification of national threats,” says Faisal Ghaus, Vice President of Technavio.
Border security forces restrict trans-border crimes, including smuggling and infiltration by illegal immigrants. These forces also aid in collecting trans-border intelligence. Border security includes air and marine forces, artillery regiments, and commando units.
Key Market Drivers
- Driverless cargo inspection system
- Increasing demand for persistent intelligence, surveillance and reconnaissance (ISR) systems
- Growing demand for aerostats and blimps
Key Market Trends
- Border security management and database
- Implementation of iris biometric systems
- Introduction of wireless integrated network sensors (WINSs)
Key Market Vendors
- Airbus Group
- Boeing
- Cobham
- DRS Technologies
- Northrop Grumman
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Border Security Market 2015-2019, please send an e-mail to media@TechNavio.com.
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