Asia-Pacific Border Security Market: Outlook , Size, Forecasts, Demand, Competitive Analysis, Growth Factors, Key Players and Forecast: 2022-2031

Japan, Japan, Wed, 30 Mar 2022 03:26:02 / Comserve Inc. / -- The Asia-Pacific border security market is anticipated to register a CAGR of over 5% during the forecast period (2022-2031).

The Asia-Pacific border security market is anticipated to register a CAGR of over 5% during the forecast period (2022-2031.

- The rising geopolitical instabilities, territorial conflicts, and illegal immigration in the Asia-Pacific region are driving the demand for advanced border security solutions.
- The increasing defense spending on surveillance aircraft, patrol aircraft, ground attack helicopters, transport helicopters, amphibious aircraft, marine vessels, armored patrol vehicles, and submarines for border security is also expected to drive the growth of the border security market during the forecast period.
- The upgrades and modernization of the existing border security infrastructure are also providing new market opportunities for the market.
- The market is witnessing technological innovations, such as integration of a wide array of systems, like acoustic sensors, unmanned aerial vehicles, and surveillance towers. However, technological limitations in extreme weather conditions, such as snowfall and fog, are some of the barriers faced by the security system manufacturers.

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Key Market Trends

Sea Segment is Anticipated to Experience Significant Growth During the Forecast Period

Despite having clearly defined boundaries, maritime disputes are common in places where countries compete over inhabited and uninhabited islands. Many Asia-Pacific nations have borders surrounded mostly by seas, such as South Korea, India, Saudi Arabia, Russia, China, and Japan. There are several disputes in the South China Sea among China, Taiwan, Vietnam, the Philippines, Japan, and Malaysia, which have overlapping claims. In the wake of all these issues, all these countries are focusing more on protecting their sea-based borders. In 2019, China Electronics Technology Group unveiled its latest portfolio of maritime surveillance systems at the Langkawi Maritime and Aerospace Exhibition. These systems are expected to be deployed as floating and land-based maritime surveillance platforms, with integrated information systems for enhanced situational awareness. The complex scenario, wherein one country upgrades its naval armada to counter the fleet of the opposition, has resulted in an arms race. Thus, countries are focusing on developing their sea-based surveillance capabilities, which is expected to drive the growth of the sea segment of the market during the forecast period.

South Asia Dominates the Asia-Pacific Border Security Market

Widespread geopolitical conflicts, such as the ongoing border infiltration issues between India and Pakistan, illegal human trafficking across the Indo-Bangladesh border, and force multiplication across the Indo–China border, have necessitated the adoption of advanced border security systems to monitor the situation. China is investing significantly in upgrading the capabilities of its border patrol units, as evident from the Y-o-Y growth in its defense spending and ongoing procurement programs pertaining to border security systems. Even smaller countries, such as Vietnam and the Philippines, are upgrading their border forces for detecting, intercepting, and deterring the highly intricate network of human and arms trafficking. On this note, India is currently working on the Comprehensive Integrated Border Management System (CIBMS), which is expected to become fully functional by 2025-2026 over a 2,000 km stretch on the national borders with Pakistan and Bangladesh, to monitor and detect acts of intrusion. Such developments are envisioned to drive the market during the forecast period.

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Competitive Landscape

The market is moderately fragmented and features several local players in addition to global technology providers, such as FLIR Systems Inc., BAE Systems PLC, China Electronics Technology Group, Defence Research and Development Organization, and Bharat Electronics Limited. To foster the transfer of technology and enable the local manufacturers to gain expertise to design and manufacture advanced security systems, governments of countries in the region are formulating favorable initiatives, such as the Make in India initiative. Local players in Asia are particularly threatening the global leaders, as they aim to provide an all-round solution at a fraction of the cost quoted by these global leaders, without compromising on quality or reliability.

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