About $15.8 billion will be spent on border security worldwide during 2010, and the use of unmanned aerial vehicles (UAVs) and unmanned ground vehicles (UGVs) as well as other surveillance technologies will continue to grow during 2011, says a report on that market by Reportlinker.
The study—The Border Security Market 2010-2020: UAVs, UGVs & Perimeter Surveillance Systems—“examines the regional markets and submarkets for border security products and services, as well as assessing the factors that are driving sales growth around the world,” Reportlinker says in a written statement.
The report says, “worldwide spending on border security products and services will reach $15.8 billion in 2010,” and the “global border security market is a growing marketplace offering government contract opportunities that are likely to see a range of companies realizing commercial success, from the major global defense and security contractors, and international information technology (IT) systems integrators, to specialist surveillance device suppliers.”
In addition, the report identifies “continuing demand from governments for the acquisition of additional products and services for border protection agencies in the coming years,” and “defines the current state of the global border security market and discusses its potential for growth from 2010 onwards, with detailed sales forecasting carried out at global, regional and submarket levels,” Reportlinker says.
The report made those forecasts by analyzing “the combination of drivers and restraints that are resulting in increasing sales. We also examine the most promising areas of technological development that are likely to affect procurement decisions over our forecast period.”
It also looks at regional border security marketplaces, including those offering the most significant growth opportunities. It provides information on the prospects for European and North American defense and security companies seeking business opportunities in the Middle East; how spending on different types of border security technology is likely to be affected as government budgets come under intense pressure; as well as the status of the Secure Border Initiative Network, or “virtual fence,” along the US-Mexico border.
The full report is available from Reportlinker.
Global Border Security Will Depend on Surveillance Systems Over Next Decade
The global market for border security is forecast to reach $19.34 billion during 2013