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Why is Israel afraid of the establishment of a Palestinian state?

The decision by Norway, Ireland, and Spain to officially recognize Palestine has sparked debates in Israel. The Israeli public sees this development as a significant shock, unprecedented for Tel Aviv, while it is known that many other countries are preparing to take similar steps. So why is Israel anxious? Why is it afraid of a two-state solution?

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However, the idea of establishing a Palestinian State still remains a great source of fear for Israel. So, what are the reasons Israel opposes the establishment of a Palestinian State? - Security: Israel fears that the establishment of a Palestinian State could increase security risks for itself. Tel Aviv, which cannot even tolerate Gaza as a border, sees an independent and territorially unified state as a major threat to its existence.