Passport Reader Market 2019 Segmentation, Overview, Regional Growth, Application, Top Competitors, Industry Revenue
Global Passport Reader Market
A biometric passport is a conventional passport system which has an equipped electronic microprocessor chip that includes biometric information used to validate and authenticate the identity of the user. However, it uses smart card technology which comprises antenna and microprocessor chip embedded with the back and front cover. In addition, the significant data of passport is printed on the embedded chip.
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The growing adoption of e-passports and rising number of immigrants are expected to boost the global passport reader market growth during the predicted period. In addition, technological advancements including OCR (Optical Character Recognition), a scene-photo, used for the variation of images of printed or typed in machine-encoded text are also anticipated to fuel the demand for passport reader into coming years. The utilization of a passport reader at airports to lessen queue and time for error-free recording of data is anticipated to boost the global passport reader market growth. The newly launched reader reads passports, ID cards, national IDs, ePassports, military access cards, and driver’s licenses from mobile phones as well as printed documents.
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The global passport reader market segmentation can be done with the help of several factors such as type, application, and geographical region. In terms of type, the global passport reader market is segregated into swipe reader, compact full-page reader, self-service kiosk, and others. Out of these, the swipe reader vertical is accounted for the highest global passport reader market share during the year 2018. Likewise, self-service kiosk segment is anticipated to accelerate the huge demand during the predicted period. On considering the geographical regions, the global passport reader market is segregated into Europe, North America, Asia-pacific, and LAMEA. In between these, North American region held for the highest global passport reader market share in the year 2019 due to the increasing number of travelers. In addition to this, in Asia Pacific region, India and China are anticipated to grow at substantial growth rate during the predicted period. Additionally, the development of the countries can be attributed to the rising airport traffic as well as existence of leading service providers of the passport reader. The huge cost of installing passport reader is expected to hamper the growth of the global passport reader market during the forecast period. The leading players of the global passport reader market are ARH Inc., IER, Gemalto NV, Access Ltd., DESKO GmbH, and Beijing Wintone Science & Technology Co., Ltd.
Key segments of the global passport reader market
- Swipe Readers
- Self-Service Kiosk
- Compact Full-Page Reader
- Airport Security
- Border Control
- North America
- Asia Pacific
- South Korea
- South America
- Middle East & Africa
What to expect from the upcoming report on ‘Passport Reader Market Share’:
– Future Outlook and Current Trend of Passport Reader Market Share by the End of the Forecast Period (2019-2025).
– Information on technological progress and innovation around the world
– Government support can affect market dominance.
– In-depth analysis of various market segments, including local segmentation, applications and types
– An in-depth analysis of the market’s competitive landscape and initiatives to improve this market.
– Market Trends, Drivers, Opportunities, Restraints, Challenges and Key Developments
Who should buy this report?
Venture capitalists, Investors, financial institutions, Analysts, Government organizations, regulatory authorities, policymakers ,researchers, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
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