An increase in government investments to curb illegal immigration through sea and air drives the market.
The Australian border security market is growing due to several reasons. The geographical isolation and vast coastline of Australia make it a strategic point for international trade and travel, which requires enhanced border security. Illegal immigration, human trafficking, and smuggling have been on the rise in Australia, which has compelled its government to enhance border control systems for national security and sovereignty.
In March 2023, the Australian government announced increased investments in border security across its coastline to reduce illegal immigration. The Australian government has been allocating considerable funds to enhance its border security framework, including advanced tracking technologies for maritime and air traffic to avert illegal boat arrivals. This government has also reinforced measures under Operation Sovereign Borders to manage asylum seekers and illegal maritime arrivals through technologies such as drones and enhanced surveillance systems.
The Australian Government will provide funding of USD 12.3 million over 4 years from 2023–24 to increase the Australian Border Force's Airline Liaison Officer Program. This program, amongst other things, impacts the ability of those who may seek asylum to enter by air. In addition, the Government provided USD 31.4 million in 2022–23 for Australian Defence Force deployments. This includes the provision to undertake additional surveillance in support of the Department of Home Affairs' Operation Sovereign Borders. Additionally, the Australian Government spent over USD 1.12 billion dollars in Border Enforcement and Border Management in 2023. A similar budget is also allocated for USD 1.07 billion in 2024.
Australia's border security sector is experiencing more investment, which is positively driving the market. Most of the government funding for border security has been allocated toward investing in advanced technologies and upgrading infrastructure. In this regard, Australia has enhanced the level of spending on state-of-the-art surveillance systems comprising drones, sensors, and real-time data analytics tools. These technologies improve the monitoring of vast coastlines and regulate migration flows while ensuring integrity at national borders?.
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