Passport Reader Market Overview
The global Passport Reader market is expected to rise at a considerable rate in the coming years. Over the projected period, the market is expected to rise due to an increase in the number of immigrants and the increased acceptance of e-passports. Furthermore, technology improvements such as Optical Character Recognition (OCR), which converts images of typed or printed text into the machine-encoded text from a photograph of a document, a scanned document, or a scene photograph, are likely to boost demand for a passport reader. RFID tags store a passport holder's personal information. The usage of a passport reader at airports to cut check-in time and queues while also ensuring accurate data collection is predicted to stimulate market growth. Over the projection period, the need to authenticate passports at airport check-in points, border security, immigration points, and hotels is expected to further drive market expansion.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Technology, Type, Application, Sector, and Region. |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Gemalto NV, ARH Inc., 3M, IER, Access Ltd., Beijing Wintone Science & Technology Co. Ltd., DESKO GmbH. |
Covid-19 Impact on Passport Reader Market
Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
Passport Reader Market Segment Overview
According to Technology, the RFID is one of the largest segments in the global Passport Reader market. RFID technology involves embedding an RFID tag in passports, which would be scanned to read the information. The usage of RFID chips on visas and passports has become necessary as the focus on improving security systems has grown. Based on Type, Swipe Readers has the largest share in the market. When a card is swiped through a swipe reader, the information is recorded on a magnetic strip, which can be retracted. This ensures that passengers receive prompt and convenient service at airport check-in counters. The increased use of swipe readers to accurately record data in banks, border control, transportation, law enforcement agencies, hotels, and vehicle rental agencies is likely to boost the segment's expansion throughout the forecast period.
Passport Reader Market, By Technology
· RFID
· Barcode
· OCR
Passport Reader Market, By Type
· Swipe Readers
· Self-Service Kiosk
· Compact Full-Page Reader
· Others
Passport Reader Market, By Application
· Airport Security
· Border Control
· Others
Passport Reader Market, By Sector
· Public
· Private
Passport Reader Market Regional Overview
In terms of region, North America led the market in terms of revenue, because of the growing number of air passengers. Passport readers are in high demand in the region due to the increased use of e-passports at hotels, airport terminals, immigration stations, and other locations. The United States dominated the North American market, thanks to increased government spending on airport infrastructure and the installation of passport readers at numerous airports to ensure smooth passenger movement. Moreover, the market in the Asia Pacific is expected to grow significantly in the forthcoming years. Due to the existence of various manufacturers and the development of modern products like self-service kiosks, combo readers, and so on, countries like China and India are expected to produce significant revenue over the next few years.
Passport Reader Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Passport Reader Market, Key Players
· Gemalto NV
· ARH Inc.
· 3M
· IER
· Access Ltd.
· Beijing Wintone Science & Technology Co. Ltd.
· DESKO GmbH
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the Passport Reader market?
Over the projected period, the market is expected to rise due to an increase in the number of immigrants and the increased acceptance of e-passports.
Q2. Which Segments are covered in the Passport Reader Market report?
Technology, Type, Application, Sector, and Region. these segments are covered in the Passport Reader market report.
Q3. Which segment is projected to hold the largest share in the Passport Reader Market?
The RFID segment is projected to hold the largest share in the Passport Reader Market
Q4. Which region holds the largest share in the Passport Reader market?
North America held the largest share in the global Passport Reader market
Q5. Which are the prominent players in the Passport Reader Market?
Gemalto NV, ARH Inc., 3M, IER, Access Ltd., Beijing Wintone Science & Technology Co. Ltd., DESKO GmbH. are some key players in the Passport Reader Market
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Passport Reader Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Technology
- 5.2.1. RFID
- 5.2.2. Barcode
- 5.2.3. OCR
- 5.3. Market Analysis, Insights and Forecast – By Type
- 5.3.1. Swipe Readers
- 5.3.2. Self-Service Kiosk
- 5.3.3. Compact Full-Page Reader
- 5.3.4. Others
- 5.4. Market Analysis, Insights and Forecast – By Application
- 5.4.1. Airport Security
- 5.4.2. Border Control
- 5.4.3. Others
- 5.5. Market Analysis, Insights and Forecast – By Sector
- 5.5.1. Public
- 5.5.2. Private
- 5.6. Market Analysis, Insights and Forecast – By Region
- 5.6.1. North America
- 5.6.2. Europe
- 5.6.3. Asia Pacific
- 5.6.4. Latin America, Middle East and Africa
6. North America Passport Reader Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Technology
- 6.2.1. RFID
- 6.2.2. Barcode
- 6.2.3. OCR
- 6.3. Market Analysis, Insights and Forecast – By Type
- 6.3.1. Swipe Readers
- 6.3.2. Self-Service Kiosk
- 6.3.3. Compact Full-Page Reader
- 6.3.4. Others
- 6.4. Market Analysis, Insights and Forecast – By Application
- 6.4.1. Airport Security
- 6.4.2. Border Control
- 6.4.3. Others
- 6.5. Market Analysis, Insights and Forecast – By Sector
- 6.5.1. Public
- 6.5.2. Private
- 6.6. Market Analysis, Insights and Forecast – By Country
- 6.6.1. U.S.
- 6.6.2. Canada
7. Europe Passport Reader Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Technology
- 7.2.1. RFID
- 7.2.2. Barcode
- 7.2.3. OCR
- 7.3. Market Analysis, Insights and Forecast – By Type
- 7.3.1. Swipe Readers
- 7.3.2. Self-Service Kiosk
- 7.3.3. Compact Full-Page Reader
- 7.3.4. Others
- 7.4. Market Analysis, Insights and Forecast – By Application
- 7.4.1. Airport Security
- 7.4.2. Border Control
- 7.4.3. Others
- 7.5. Market Analysis, Insights and Forecast – By Sector
- 7.5.1. Public
- 7.5.2. Private
- 7.6. Market Analysis, Insights and Forecast – By Country
- 7.6.1. UK
- 7.6.2. Germany
- 7.6.3. France
- 7.6.4. Italy
- 7.6.5. Spain
- 7.6.6. Russia
- 7.6.7. Rest of Europe
8. Asia Pacific Passport Reader Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Technology
- 8.2.1. RFID
- 8.2.2. Barcode
- 8.2.3. OCR
- 8.3. Market Analysis, Insights and Forecast – By Type
- 8.3.1. Swipe Readers
- 8.3.2. Self-Service Kiosk
- 8.3.3. Compact Full-Page Reader
- 8.3.4. Others
- 8.4. Market Analysis, Insights and Forecast – By Application
- 8.4.1. Airport Security
- 8.4.2. Border Control
- 8.4.3. Others
- 8.5. Market Analysis, Insights and Forecast – By Sector
- 8.5.1. Public
- 8.5.2. Private
- 8.6. Market Analysis, Insights and Forecast – By Country
- 8.6.1. China
- 8.6.2. India
- 8.6.3. Japan
- 8.6.4. Australia
- 8.6.5. South East Asia
- 8.6.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Passport Reader Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Technology
- 9.2.1. RFID
- 9.2.2. Barcode
- 9.2.3. OCR
- 9.3. Market Analysis, Insights and Forecast – By Type
- 9.3.1. Swipe Readers
- 9.3.2. Self-Service Kiosk
- 9.3.3. Compact Full-Page Reader
- 9.3.4. Others
- 9.4. Market Analysis, Insights and Forecast – By Application
- 9.4.1. Airport Security
- 9.4.2. Border Control
- 9.4.3. Others
- 9.5. Market Analysis, Insights and Forecast – By Sector
- 9.5.1. Public
- 9.5.2. Private
- 9.6. Market Analysis, Insights and Forecast – By Country
- 9.6.1. Brazil
- 9.6.2. Saudi Arabia
- 9.6.3. UAE
- 9.6.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Gemalto NV
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. ARH Inc.
- 10.6. 3M
- 10.7. IER
- 10.8. Access Ltd.
- 10.9. Beijing Wintone Science & Technology Co. Ltd.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
