Asia Pacific Border Security Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Environment (Ground, Aerial, and Underwater) and System (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)

The border security market in APAC is expected to grow from US$ 12,116.80 million in 2021 to US$ 21,594.87 million by 2028; it is estimated to grow at a CAGR of 8.6% from 2021 to 2028.

The increasing adoption of intelligent surveillance systems is also bolstering the growth of the industry. The growing adoption of intelligent surveillance system (ISS) is gaining attention of the military forces, owing to the mounting demand for enhanced border security and safety. This system is capable of automatically analyzing the video, image, audio, or other type of surveillance data with or without restricted human intervention. The increasing developments of advanced technologies such as computer vision, sensor, artificial intelligence, and machine learning play a significant role in empowering these intelligent systems. The intelligent surveillance system consists of probable sensor modalities and their fusion developments for designing advanced security systems such as infrared camera, visible camera (CCTV), thermal camera and radar system. In intelligent surveillance system (ISS), several technologies such as pattern recognition, computer vision, and artificial intelligence technologies integrated to detect abnormal behaviors in audio, images, and videos. These systems represent the development of real-time behavior-based intelligent surveillance systems, and thus, trigger alarms to alert military forces about the potential threats, which, in turn, is expected to fuel the growth of the border security market during 2021-2028.

The response of countries in Asia-Pacific toward COVID-19 pandemic in terms of defense budgets and funding is mixed. Most of the countries located in Northeast 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 have 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.

Based on system type, the unmanned vehicles segment led the APAC border security market in 2020. The military robots are a product classification of unmanned ground vehicles (UGVs), unmanned aerial vehicles (UAVs), and unmanned underwater vehicles (UUVs). These vehicles are used for surveillance, reconnaissance, and visual imaging applications; and they comprise common features used by the US military forces. During the forecast period, a large part of the military forces across the world, is set to decrease the number of human soldiers and deploy large units of robots used by the military and thus enhances the human soldier capabilities thereby by increasing the smaller lethal agile forces in the army which are readily deployable. Also, the rising conflict among nation-states is encouraging the governments to focus on modernizing their militaries and adjust to new automated modern warfare methods and systems such as unmanned vehicles, which will ultimately drive the border security market.

The overall APAC border security market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the APAC border security market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the 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