Increased Spending on the EU's External Borders to Drive the Border Security Market, Says Frost & Sullivan
By Frost Sullivan, PRNETuesday, December 15, 2009
LONDON, December 16 - European Union (EU) member states are spending more on protecting their
borders, which are increasingly subjected to unauthorised immigration and
illegal drug trafficking. High investment in advanced technology security and
IT-based systems will boost the border security market.
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New analysis from Frost & Sullivan (www.aerospace.frost.com),
Border Security Market Assessment - European Union, finds that the market
earned revenues of $193.6 million in 2008 and estimates this to reach $286.9
million in 2015. The markets covered in this research are: surveillance
systems, screening and detection systems and biometric systems.
"The rise of terrorism together with increased immigration from South
America and North Africa have impelled EU member states and the European
Commission (EC) to invest in hi-tech systems to safeguard external borders,"
says Frost & Sullivan Research Analyst Mohan Kumar V V. "Government spending
on border control and surveillance is expected to increase, creating new
opportunities for information technology (IT) and security system
manufacturers."
Biometric systems that are evolving as the standard technology for border
control will continue to drive this market. Multimodal biometrics, which
ensures flexibility and authenticity, is in the developmental stage but will
likely come to dominate the market in the future.
However, recovery from the current economic slump will not happen
overnight because of budgetary constraints. Resultant delays in commissioning
new civil security projects negatively affect the duration of the sales
cycle.
"The financial crisis and intensifying competition add to the pricing
pressure on suppliers," explains Kumar. "Although prices have declined
considerably, cost continues to be a challenge for vendors."
Implementation of hi-tech projects like the visa information system
(VIS), bio development (BIODEV), Schengen information system II (SIS-II),
Euroborders, and numerous other projects initiated by the individual member
nations, will further initiate growth in this market.
"Biometric systems are experiencing wider adoption due to their
reliability and convenience," concludes Kumar. "However, companies and
biometric associations should address the fear of data misuse and centralise
information to gain end-user confidence."
If you are interested in a virtual brochure, which provides a brief
synopsis of the research and a table of contents, then send an e-mail to
Monika Kwiecinska, Corporate Communications, at monika.kwiecinska@frost.com,
with your full name, company name, title, telephone number, company e-mail
address, company website, city, state and country. Upon receipt of the above
information, a brochure will be sent to you by e-mail.
Border Security Market Assessment - European Union is part of the Defense
Growth Partnership Services programme, which also includes research in the
following markets: European Maritime Security Market, European Sea Port
Security Market, Middle East Maritime Security Market, and European Sea C2
Markets. All research services included in subscriptions provide detailed
market opportunities and industry trends that have been evaluated following
extensive interviews with market participants.
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Border Security Market Assessment - European Union M37B Contact: Monika Kwiecinska Corporate Communications - Europe P: +48-22-390-4127 F: +48-22-390-4160 E: monika.kwiecinska@frost.com
www.frost.com
Monika Kwiecinska of Frost & Sullivan Corporate Communications - Europe, +48-22-390-4127, fax, +48-22-390-4160, monika.kwiecinska at frost.com
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