South America 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 SAM is expected to grow from US$ 2,337.37 million in 2021 to US$ 3,187.62 million by 2028; it is estimated to grow at a CAGR of 4.5% from 2021 to 2028.

Development of laser weapon systems for fighter aircraft is also bolstering the growth of the industry. The increasing adoption of intelligent surveillance systems is also bolstering the market growth. 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.

Brazil has the third highest number of COVID-19 cases in South America, countries including Colombia, Ecuador, Chile, Peru, and Argentina, are also witnessing the adverse impacts of the pandemic across various industries. The governments in South America have taken an array of actions to protect their citizens and contain COVID-19?s spread. It is anticipated that the market in South America will face steep decline as the majority of stimulus packages deployed by the government were majorly focused to public healthcare and tax relief. In addition to this, the decline in activity was larger in labor-intensive service industries than in capital-intensive primary and manufacturing ones, causing unemployment to jump in most countries. The steep fall in business activities and product sales are expected to directly affect the growth rate of border security market in this region for the next three to four quarters.

Based on environment type, the ground segment led the South America border security market in 2020. The major concerns associated with the national border security include the people arriving from other countries to live, work, or smuggle in illegal goods. Border crossings, formal security controls, and substantial fences offer suitable protection; however, in remote areas, the cost of giving as well as maintaining effective physical barriers is very high. Thus, the Blighter radars are being deployed as the primary detection sensor for high-range remote surveillance platforms, and they have the ability to sense slow moving targets, even in mountainous terrains. It is considered as the perfect solution for the detection and remote surveillance of vehicles, and people trying to cross borders illegally. The ground-based laser weapon system has a significant adoption rate in almost all leading military nations, which will ultimately drive the border security market.

The overall SAM 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 SAM 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 SAM border security market. BAE Systems plc; Elbit Systems Ltd.; FLIR Systems, Inc; Israel Aerospace Industries Ltd.; Leonardo S.p.A.; Lockheed Martin Corporation; SaaB AB; Safran; and Thales Group are among the leading companies in the SAM border security market