Competitive Dynamics
Automated border control industry is expected to expand dramatically over the next few years as demand for speedy air travel increases. The global automated border control market is competitive, with numerous global and regional players. The market is extremely competitive, with all firms vying for the highest possible market share. Government policy changes on a regular basis, severe competition, and aviation rules all have a significant impact on global industry growth.
The notable players of the market are Thales Group (France), Accenture PLC (Ireland), SITA (Switzerland), Indra Sistemas, S.A. (Spain), Secunet Security Networks AG (Germany), IDEMIA (France), Vision-Box (Portugal), Gunnebo AB (Sweden), NEC Corporation (Japan), and Cross Match Technologies, Inc. (US).
Market Overview
Automated border control market Analysis is predicted to reach USD 2,502.5 million by 2027 at a CAGR of 18% during the forecast period, 2020 and 2027.
Market Dynamics
The global market for automated border control is expected to increase at a rapid pace due to growing security concerns, a greater emphasis on automation across all port facilities, and the emergence of multimodal biometrics. People are reluctant to embrace touch biometric technologies in public spaces such as airports due to growing cleanliness concerns. The growing demand for automation across all port facilities in order to maximize efficiency at airports, seaports, and land ports is propelling the global automated border control market forward. As a result, providers of biometric technology and manufacturers of biometric scanners are concentrating their efforts on the development of contactless fingerprint scanners. Thus, the development of multimodal biometrics is projected to fuel the worldwide automated border control market's growth over the forecast period.
Additionally, major infrastructure improvements in emerging economies' aviation industries and rising purchasing power assist air passenger traffic growth. This incremental increase in air passenger traffic is expected to increase demand for border automation technologies. Thus, it is projected that increased international travel will create profitable prospects for companies in the worldwide automated border control market.
However, the market is expected to be significantly impacted by a lack of experienced labor and challenges with device compatibility. Additionally, the market is expected to be harmed by the expensive initial investment in infrastructure expenditures for automated border control systems.On the other hand, rising international traffic is expected to create substantial development prospects for the automated border control industry.
Segmental Analysis
The automated border control market has been split into ABC e-Gate and ABC Kiosk segments depending on solution type.
The global automated border control market has been split into airport, land port, and seaport segments based on application. In 2020, the airport segment held the biggest market share. Airports must increase operational efficiency in order to maximize the utilization of existing infrastructure and technology and handle increased passenger volume.
Regional Overview
Europe dominated the automated border control market in 2019, growing at a 12.19 percent compound annual growth rate, and is expected to continue to do so throughout the assessment period. The primary reason for this is that the majority of automation companies are headquartered in Europe and benefit from a strong technological basis in the region. Additionally, the European Union's emphasis on strengthening automated border control e-gates propels the sector forward.
Asia-Pacific is said to be expanding. Security concerns, the demand for automation, and increased passenger convenience all contribute to the regional market's growth. As a result, the regional market is growing as demand for automation and increased traveler convenience increases.
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