Asia Pacific Border Security Market
The border security market in APAC comprises countries such as China, India, Japan, Australia, South Korea, and the Rest of APAC. The economy of the region is performing well due to numerous technological and infrastructural developments. The region has strong aerospace, military, and semiconductor sector in countries such as India, China, and South Korea. The rapid economic development in the region is estimated to boost the growth of the border security market during the forecast period. With the rising government budget for tackling infiltration, terrorism, and other criminal activities, the detection of obstacles has become a significant aspect to assure the safe navigation of autonomous mobile robots such as unmanned ground vehicles (UGVs) and delivery robots used in outdoor environments. For autonomous mobile robots, it is highly critical to precisely understand the obstacles in front of them on the road surfaces while they are moving. Laser sensors are extensively applied to detect the obstacles owing to their excellent range resolution and high accuracy. The growing incorporation of automated features in various applications, such as unmanned vehicles and other active safety applications, is likely to accelerate the demand for laser and radar system in APAC. Hence, rising applications of advanced laser, radar, camera, and perimeter intrusion detection systems are estimated to fuel the adoption of border security systems during the forecast period.
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.
Strategic insights for the Asia Pacific Border Security provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 12116.80 Million |
| Market Size by 2028 | US$ 21594.87 Million |
| Global CAGR (2021 - 2028) | 8.6% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Environment
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
The geographic scope of the Asia Pacific Border Security refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The border security market in APAC is expected to grow from US$ 12116.80 million in 2021 to US$ 21594.87 million by 2028; it is estimated to grow at a CAGR of 8.6% from 2021 to 2028. Rising Mounting demand from unmanned vehicles; Unmanned aerial vehicles (UAVs), Unmanned underwater vehicle (UUV), and unmanned ground vehicles (UGVs) are being deployed across industries for a wide range of applications, such as mapping & surveying, aerial photography & videography, asset inspection, search & rescue operations, exploration & research, and emergency response. The advantage of using such vehicles during wars is to avoid humiliation in case the aircraft is shot down, and the pilot is captured. Further, the adoption of unmanned underwater vehicles, unmanned aerial vehicles, and unmanned ground vehicles across defence industries is rising at an impressive pace and it is anticipated to drive the future demand of efficient and advanced long range obstacle detection and collision avoidance systems. The application of UUVs, UAVs and UGVs by defence forces and law enforcement agencies for applications such as search & rescue operations, crowd monitoring, site exploration, and location monitoring is further driving the demand for these vehicles across the world. This is bolstering the growth of the border security market
In terms of environment type, the ground segment accounted for the largest share of the APAC border security market in 2020. In terms of system type, the unmanned vehicles segment held a larger market share of the border security market in 2020.
A few major primary and secondary sources referred to for preparing this report on the border security market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are BAE Systems plc
The Asia Pacific Border Security Market is valued at US$ 12116.80 Million in 2021, it is projected to reach US$ 21594.87 Million by 2028.
As per our report Asia Pacific Border Security Market, the market size is valued at US$ 12116.80 Million in 2021, projecting it to reach US$ 21594.87 Million by 2028. This translates to a CAGR of approximately 8.6% during the forecast period.
The Asia Pacific Border Security Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Border Security Market report:
The Asia Pacific Border Security Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Border Security Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Border Security Market value chain can benefit from the information contained in a comprehensive market report.
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