Europe 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 Europe is expected to grow from US$ 10,721.69 million in 2021 to US$ 17,598.15 million by 2028; it is estimated to grow at a CAGR of 7.3% from 2021 to 2028.

The booming demand for unmanned vehicles is also bolstering the growth of the industry. Unmanned aerial vehicles (UAVs), unmanned underwater vehicles (UUVs), 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 defense industries is rising at an impressive pace, and it is anticipated to drive the future demand for efficient and advanced long range obstacle detection and collision avoidance systems. The application of UUVs, UAVs and UGVs by defense 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. Therefore, the growing demand for these vehicles across the defense sector is anticipated to boost the adoption for unmanned vehicles, which, in turn is expected to fuel the growth of the border security market during 2021-2028.

Owing to the COVID-19 pandemic and subsequent lockdown in 2020, several defense companies across Europe implemented a wide range of measures such as halting or reducing production. The outbreak of the virus has disrupted the supply chain in various countries in this region. The member states of Europe such as Italy, Spain, and Germany have implemented drastic measures and travel restrictions to limit the spread of COVID-19 among their citizens. Moreover, the spread of COVID-19 at an alarming rate could shift governments? priorities away from defense and toward healthcare and crisis contingency. For instance, there have already been announcements of spending cuts to EU programs. Most notably, the European Defense Fund (EDF) was originally set to receive US$ 16.32 billion for the next EU Multiannual Financial Network for 2021-2027 which was cut to US$ 9.74 billion in May 2020. Thus, the spread of newly mutated strain of COVID-19 is anticipated to affect the border security market till first two quarters of 2021.

Based on system type, the unmanned vehicles segment led the Europe 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. In 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 Europe 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 Europe 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 experts 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 Europe 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; and Thales Group are among the leading companies in the Europe border security market