The global Automated Border Control market size, which accrued revenue worth 0.51 (USD Billion) in 2019 and is anticipated to garner earnings of about 1.9 (USD Billion) by 2025
The Global Automated Border Control Market, which accrued revenue worth 0.51 (USD Billion) in 2019 and is anticipated to garner earnings of about 1.9(USD Billion) by 2025, is set to grow at a CAGR of nearly 18% during the period from 2019 to 2025. The report offers a valuation and analysis of the Automated Border Control market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, restraints, revenue estimates, avenues, current & emerging trends, and industry-validated market information. The report offers historical data from 2016 to 2019 along with a forecast from 2019 to 2025 based on value (USD Billion).
Automated border control encompasses new e-gate technologies such as facial recognition and border control software. Breakthroughs in technologies have resulted in novel & automated systems and have led to the creation of automated border control systems. Moreover, automated border control offers a proficient solution to airport systems and gives passengers a comforting experience. These solutions enhance the border crossing period and permit travelers to pass through the gate, thereby minimizing the man-made error as well as the related loss of time. Apart from this, automated border control identifies frauds through electronic microprocessors.
Escalating awareness about security and traveler convenience will massively add to the growth of the automated border control market over the years ahead. With automated biometric services launched at a large number of shipping ports & airports due to a swift surge in passenger numbers, the automated border control industry is anticipated to gain traction over the years to come. The growing trend of using kiosks at borders will further elevate the growth of the automated border control industry over the forecast timeframe. Nevertheless, the need for huge fund allocation and identity theft threats are a few of the aspects that can obstruct the automated border control market expansion over the years ahead.
Furthermore, rise in the air travel and passengers due to the growing migration of students & job-seekers to foreign countries has resulted in a massive expansion of the automated border control market over the forecast timeline.
The expansion of the automated border control industry in Europe over the forecast timeline is credited to the large-scale acceptance of automated border control solutions in the countries such as France, the UK, Italy, and Germany. With a strong technical foothold in the continent and the presence of reputed industry players, the market for automated border control is anticipated to gain traction in the years to come. As per the report by European Commission, more travelers are predicted to make arrivals in European countries in the coming decade. This is likely to result in the acceptance of automated control systems at seaports and airports, thereby driving regional industry trends.
Report Attributes | Report Details |
---|---|
Report Name | Automated Border Control Market Research Survey Report |
Market Size in 2019 | USD 0.51 Billion |
Market Forecast by 2025 | USD 1.9 Billion |
Compound Annual Growth Rate | CAGR of 18% |
Number of Pages | 110 |
Forecast Units | Value (USD Billion), and Volume (Units) |
Key Companies Covered | Secunet Security Networks, OT-Morpho, Securiport, Gemalto, Indra Sistemas, SITA, Accenture, Arjo Systems, Cross Match Technologies, NEC Corporation, Vision-Box, Gunnebo, IER SAS, and Cognitec Systems |
Segments Covered | By component, By application, By industry, By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA) |
Countries Covered | North America: U.S and Canada Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific Latin America: Brazil, Argentina, Chile The Middle East And Africa: South Africa, GCC, Rest of MEA |
Base Year | 2018 |
Historical Year | 2016 - 2018 |
Forecast Year | 2019-2025 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Key participants profiled in the study include secunet Security Networks, OT-Morpho, Securiport, Gemalto, Indra Sistemas, SITA, Accenture, Arjo Systems, Cross Match Technologies, NEC Corporation, Vision-Box, Gunnebo, IER SAS, and Cognitec Systems.
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FrequentlyAsked Questions
Escalating awareness about security and traveller convenience will massively add towards the growth of automated border control market over the years ahead. With automated biometric services launched at a large number of shipping ports & airports due to swift surge in passenger numbers, the automated border control industry is anticipated to gain traction over the years to come. Growing trend of using kiosks at borders will further elevate the growth of automated border control industry over the forecast timeframe. Nevertheless, need for huge fund allocation and identity theft threat are few of the aspects that can obstruct the automated border control market expansion over the years ahead.
According to Zion Market Research report, the global Automated Border Control market, which accrued revenue worth 0.51 (USD Billion) in 2019 and anticipated to garner earnings about 1.9 (USD Billion) by 2025, is set to grow at a CAGR of nearly 18% during the period from 2019 to 2025.
Europe is likely to make noteworthy contributions towards overall Automated Border Control Market revenue over 2019-2025. The growth of the market in the region over estimated timespan can be attributed to large-scale acceptance of automated border control solutions in the countries such as France, UK, Italy, and Germany. With strong technical foothold in the continent and presence of reputed industry players, the market for automated border control is anticipated to gain traction in the years to come. As per the report by European Commission, more travellers are predicted to make arrivals in European countries in the coming decade. This is likely to result in acceptance of automated control system at seaports and airports, thereby driving the regional industry trends.
The key players profiled in the report include secunet Security Networks, OT-Morpho, Securiport, Gemalto, Indra Sistemas, SITA, Accenture, Arjo Systems, Cross Match Technologies, NEC Corporation, Vision-Box, Gunnebo, IER SAS, and Cognitec Systems.
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