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Insights into the Passport Reader Global Industry to 2027 – by Technology, Type, Application & Sector – GlobeNewswire


Dublin, July 02, 2020 (GLOBE NEWSWIRE) — The “Passport Reader Market Forecast to 2027 – COVID-19 Impact and Global Analysis by Technology; Type; Application; Sector” report has been added to ResearchAndMarkets.com’s offering.

The global passport reader market was valued at US$ 211.67 Mn in 2019 and is projected to reach US$ 374.56 Mn by 2027; it is expected to is expected to grow at a CAGR of 7.7% during 2020-2027.

The global passport reader market is projected to witness moderate growth during the forecast period. Some of the key factors bolstering the growth of the passport reader market include surging immigrant population, rising adoption of e-passports, and increasing international air passenger traffic worldwide. Moreover, advancements in technologies, including OCR, is expected to catalyze the passport reader market. The players operating in the passport reader market are highly focused on product developments to efficiently compete in the market by offering innovative technologies integrated with passport readers. For instance, in 2018, Panasonic unveiled an integrated mobile identification and access control solution, the Panasonic TOUGHPAD FZ-M1 Passport. The new solution is integrated with a smart card reader, a 2D bar code reader, an RFID reader, and a Machine Readable Zone (MRZ).

The major stakeholders in the passport reader market ecosystem include hardware manufacturers, software developers, industry associations, regulatory bodies, and end users. Hardware providers offer various components/parts to passport reader manufacturers. A few of the key passport reader providers mentioned in this report include Thales Group, Access Limited, Desko GmbH, ARH Inc., and Beijing Winton Science Technology, Inc. There are several peripheral stakeholders in the passport reader market, which play a crucial role in boosting the adoption of these readers. A few of these stakeholders include industry associations, governments, and regulatory bodies. Passport readers find major applications at airport security points, border control points, travel agencies, hotels, and car rental companies, among others.

The overall passport reader market size has been derived using both primary and secondary source. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the passport reader market with respects to all the segments. It also provides the overview and forecast for the global passport reader market based on all the segmentation provided with respect to five major regions – North America, Europe, Asia Pacific, the Middle East and Africa, and South America. Also, primary interviews were conducted with industry participants and commentators to validate data, as well as to gain more analytical insights into the topic.

A few of the major players operating in the global passport reader market are Access Ltd, ARH Inc., Beijing Wintone Science & Technology Co., Ltd., DESKO GmbH, Thales Group, IER SAS, Regula, Shenzhen Rakinda Technology Co., Ltd., Lintech Enterprises Limited, and Veridos GmbH.

Impact of COVID-19 Pandemic on Passport Reader Market

Tourism is one of the industries relying heavily on aviation. By facilitating tourism, air transport helps generate economic growth and alleviate poverty. ~1.4 billion tourists cross borders every year, and over half of them travel to their destinations by air. According to ICAO, the outbreak of COVID 19 is anticipated to result in an overall reduction of 1,878 million to 3,227 million air passengers worldwide in 2020. Also, as per the UNWTO, the international tourism is expected to decline from US$ 910 to 1,170 billion in 2020, in comparison to the US$ 1.5 trillion generated in 2019, owing to travel restrictions. Furthermore, ACI has estimated a loss of more than 50% in air passenger traffic at airports worldwide by 2020. The decline in air passenger traffic would have a negative impact on the passport reader market; however, with the relaxation on travel bans, the market will slowly put up.

Reasons to Buy:

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global passport reader market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the global passport reader market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Key Topics Covered:

1. Introduction
1.1 Study Scope
1.2 Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Passport Reader Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia Pacific
4.2.4 Middle East & Africa
4.2.5 South America
4.3 Ecosystem Analysis

5. Passport Reader Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Number of Outbound Tourists
5.1.2 Growing Construction and Expansion Activities of New Airports Worldwide
5.1.3 Surging Number of Immigrants
5.2 Market Restraints
5.2.1 Use of Facial Recognition Technology to Eliminate Multiple Security Checks
5.3 Market Opportunities
5.3.1 Increasing Passport Forgery
5.4 Future Trends
5.4.1 Use of Mobile Passport Scanners
5.5 Impact Analysis of Drivers and Restraints

6. Passport Reader – Global Market Analysis
6.1 Passport Reader Market Overview
6.2 Passport Reader Market – Revenue, and Forecast to 2027 (USD Million)
6.3 Market Positioning – Global Market Players Ranking

7. Passport Reader Market Analysis – By Technology
7.1.1 Overview
7.1.2 Passport Reader Market Breakdown, by Technology, 2019 & 2027
7.2 RFID
7.2.1 Overview
7.2.2 RFID: Passport Reader Market – Revenue and Forecast to 2027 (US$ Million)
7.3 Barcode
7.3.1 Overview
7.3.2 Barcode: Passport Reader Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Optical Character Recognition (OCR)
7.4.1 Overview
7.4.2 Optical Character Recognition (OCR): Passport Reader Market – Revenue and Forecast to 2027 (US$ Million)

8. Passport Reader Market Analysis – By Type
8.1 Overview
8.2 Passport Reader Market Breakdown, by Type, 2019 & 2027
8.3 Swipe Readers
8.3.1 Overview
8.3.2 Swipe Readers: Passport Reader Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Self-Service Kiosks
8.4.1 Overview
8.4.2 Self-Service Kiosks: Passport Reader Market – Revenue and Forecast to 2027 (US$ Million)
8.5 Compact Full-Page Readers
8.5.1 Overview
8.5.2 Compact Full-Page Readers: Passport Reader Market – Revenue and Forecast to 2027 (US$ Million)
8.6 Portable Readers
8.6.1 Overview
8.6.2 Portable Readers: Passport Reader Market – Revenue and Forecast to 2027 (US$ Million)

9. Passport Reader Market Analysis – By Application
9.1 Overview
9.2 Passport Reader Market Breakdown, by Application, 2019 & 2027
9.3 Airport Security
9.3.1 Overview
9.3.2 Airport Security: Passport Reader Market – Revenue and Forecast to 2027 (US$ Million)
9.4 Border Control
9.4.1 Overview
9.4.2 Border Control: Passport Reader Market – Revenue and Forecast to 2027 (US$ Million).
9.5 Other Applications
9.5.1 Overview
9.5.2 Other Applications: Passport Reader Market – Revenue and Forecast to 2027 (US$ Million)

10. Passport Reader Market Analysis – By Sector
10.1 Overview
10.2 Passport Reader Market Breakdown, by Sector, 2019 & 2027
10.3 Public Sector
10.3.1 Overview
10.3.2 Public Sector: Passport Reader Market – Revenue and Forecast to 2027 (US$ Million)
10.4 Private Sector
10.4.1 Overview
10.4.2 Private Sector: Passport Reader Market – Revenue and Forecast to 2027 (US$ Million)

11. Passport Reader Market – Geographic Analysis
11.1 Overview
11.2 North America: Passport Reader Market
11.3 Europe: Passport Reader Market
11.4 APAC: Passport Reader Market
11.5 MEA: Passport Reader Market
11.6 SAM: Passport Reader Market

12. Impact of COVID-19 Pandemic on Global Passport Reader Market
12.1 Overview
12.1.1 North America: Impact Assessment of COVID-19 Pandemic
12.1.2 Europe: Impact Assessment of COVID-19 Pandemic
12.1.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
12.1.4 MEA: Impact Assessment of COVID-19 Pandemic
12.1.5 SAM: Impact Assessment of COVID-19 Pandemic

13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 New Product Development
13.4 Merger and Acquisition

14. Company Profiles
14.1 Adaptive Recognition Hungary, Inc.
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Thales Group
14.3 Access Ltd
14.4 Bejing Wintone Science & Technology Co. Ltd.
14.5 DESKO GmbH
14.6 IER SAS
14.7 Shenzhen Rakinda Technologies Co., Ltd.
14.8 Regula
14.9 VERIDOS GMBH
14.10 Lintech Enterprises Limited

15. Appendix
15.1 About the Publisher
15.2 Word Index

For more information about this report visit https://www.researchandmarkets.com/r/9o65s

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