PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1251579
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1251579
Global Automated Border Control Market is valued at approximately USD 1143.7 million in 2021 and is anticipated to grow with a healthy growth rate of more than 17.45% over the forecast period 2022-2029.Automated Border Control is prevailing with a major concern inseveral regions.It helps to verifypassengers quickly by using data stored in a biometric passport. It contains a chip that includes information required to verify the user. This automated facility also helps reduce human errors and saves time because of electronic microprocessors. Additionally, the rising concern among the nations due to increasing terror attacks is driving the market for automated border control. The adoptionof advanced technologies such as AI, IoT andface recognition plays a major role in the market growth.
Over 10,000 terrorist attacks were seen in 2020 and nearly 30,000 fatalities from terrorism, these rising incidence of terror attacks diverted the need towards implementation of public-safety technology, which is also fueling the demand for border control. The market has gained popularity in developed and developing nations due to rising concernsfor security and traveler'ssafety. The rising number of travelers necessitates the effective establishment of border control for their security and a better experience. It is anticipated that the global authentication and identification market will reach approximately USD 8.8 billion by 2026. The number of IoT devices is to increase in 2030 by around 29 billion, growing three times that of 2020. Furthermore, increasing government regulations and implementation for public identity and border control has led to continuous development and innovation in automated border control which is also driving the market. However, the higher cost of Automated Border Control hinders market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Automated Border Control Marketstudy includes Asia Pacific, North America, Europe, Latin America, and Rest of the World.Europe is dominating the market for automated border control due rising adoption of automated border control (ABC) due to security concerns and the rise in the airport industry. Increasing government regulations for the implementation of the ABC system also drives the market. Asia Pacific is anticipated to be the fastest-growing region during the forecast period due to an increase in the number of travel activities. Further to address the challenges such as terror attacks, cyber-attacks, and crime in automated border control (ABC) is growing in the region. Government assistance for the establishment of such systems due to the crucial need forthe security of passengers plays a major role in market growth.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporatespotential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Solution Typeofferings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable