Automated Border Control Market Forecast by Type, Price, Regions, Top Players, Trends and Demands |
Author : Santosh M | Published On : 14 Jan 2022
According to the research by Market Research Future Reports (MRFR), the global Automated Border Control Industry is projected to extend at a CAGR of 16% during the conjecture residency from 2017 to 2023. Reinforcing border security is the main component driving the global automated border control market 2020. Oneself assistance boundaries situated for upgrading traveler the board and the interest to destroy undesirable movement is assessed to drive the market development during the figure time frame. Additionally, there has been a flood sought after for biometrics frameworks in global air terminals. Seaports are pushing the interest for automated border control frameworks. Additionally, the expanded use of the Internet of Things (IoT) has additionally moved the market. Notwithstanding, the failure of cutting edge innovation to arrive at distant areas is the significant reason limiting the development of the global automated border control market. Moreover, the flare-up of COVID-19 has brought about the day by day business activities to come at a halt. A few markets have come to dormancy because of general perception in a few nations.
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The global Automated Border Control Industry can be segregated on the basis of application, solution type, component, and region.
Based on the application, the global Automated Border Control Industry can be classified into land port, airport, and seaport.
Based on the solution type, the global automated border control market can be classified into ABC Kiosk and ABC E-gate.
Based on components, the global automated border control market can be classified into hardware, software, and service.
Based on the region, the global automated border control market can be classified into North America, Europe, Asia Pacific, and the Rest of the World.
The geographical evaluation of North America, Europe, Asia Pacific, and the Rest of the World has been conducted. As per the analysis by MRFR, the European market dominates the global automated border control market during the forecast period. The region witnessed a surge in automated border control gates, which has propelled the market growth. Besides, the region consists of the globally renowned key players, which enhances regional growth. According to the research, the second position is attained by the North American region. The rising illegal immigration in the region has demanded security against such activities, which has resulted in a surged demand for border security. Besides, the increased adoption of technologically advanced solutions to enhance border security is another factor that drives the regional market. Furthermore, there has been an increasing emphasis on the automation of services in seaports and airports for the optimum functioning of security measures.
On the other hand, the APAC region consists of the fastest-growing economies of the world, i.e., India, Japan, and China, which contribute significantly to expanding the market. The rising awareness of technically advanced solutions for strengthening security at airports is the major factor driving the regional market. Besides, the increasing incorporation of biometric systems on seaports and airports is another reason driving the market in the region. Moreover, the rising government funding for the digital transformation of airports is fueling the market expansion in the APAC region.
However, the outbreak of pandemic coronavirus has affected several regional markets. The constant lockdown observed in several regions has changed the market dynamics.
The forefront players of the global automated border control market are HID Global (U.S.), Atos Corporation (France), Cognitec Systems (Germany), Cominfosec (Czech Republic), Cross Match Technologies Inc. (U.S.), Gemalto (the Netherlands), Gunnebo Group Corporation (Sweden), Accenture PLC (Ireland), Magnetic Autocontrol GmbH (Germany), and Modi Modular Digits GmbH (Germany).
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Automated Border Control Industry Research Report: Information by Solution Type (ABC E-Gates and ABC Kiosk), Component (Hardware, Software, and Services), Application (Airport, Land Port, and Seaport), and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America)—Forecast till 2027
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