Automated Border Control Market Analysis, The Industry Is Booming?

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Automated Border Control Market Analysis, The Industry Is Booming?

Market Overview:

Automated Border Control Market Analysis Size is anticipated to reach USD 2,502.5 Million by 2027, registering a CAGR of 18% during 2021-2027.

The Automated Border Control Market Analysis is likely to register significant growth during the forecast period. Factors such as growing security concerns, increasing automation across port facilities, and the advent of multimodal biometrics are projected to drive market growth over the forecast period. Furthermore, increasing air traffic in developing countries is likely to provide a lucrative opportunity for market growth. However, the lack of standardization and privacy concerns are projected to hinder market growth.

Key players:

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), Cross Match Technologies, Inc. (US)

Market Segmentation:

By Solution Type

The ABC Kiosk Segment is Expected to Grow at a Steady Rate: The ABC Kiosk segment is expected to register steady CAGR during the forecast period,2020 to 2027. In an ABC Kiosk, the passport is inserted in a kiosk machine where all the necessary identification will be done inside the machine and provides a token for e-Gate.

The ABC E-Gate Segment Accounted for the Larger Market Share in 2020: ABC e-gates help speed up lines and create a seamless experience for traveling passengers. An electronic passport or other electronic Machine-Readable Travel Document (eMRTD) is analysed in combination with the automated biometric verification of the passenger. Different modalities, such as the face, fingerprint, or iris recognition, are used in most of the ABC. However, facial recognition is the modality that travellers consider most acceptable; hence, these are more likely to be integrated with the ABC systems.

By Component

The Software Segment is Expected to Grow at a Higher Rate: The software segment is expected to register the highest CAGR during the forecast period, 2020 to 2027. The software segment is predicted to grow significantly on account of the high efficiency and enhanced performance of biometric and document recognition database algorithms. The ABC software components ensure the efficiency and performance of biometric and document recognition database algorithms and risk assessment for travellers. Databases that capture the face, fingerprint, iris, palm print, and vein biometric data consist of different poses and expressions, along with low and high-quality images captured under controlled and uncontrolled environments.

The Hardware Segment Accounted for the Larger Market Share in 2020: In the ABC system, various types of hardware components are used to communicate and authenticate the data and provide access to the authorized person at border crossing points. The hardware components involved in automated border control systems include document authentication, biometric verification, signature scanner, and baggage scanner. The hardware segment is predicted to dominate the global market, owing to the increasing need for biometric verification technology in the border control process.

By Application

The Land Port Segment is Expected to Witness the Steady Growth in the Global Market: The land port segment is expected to grow at a steady growth rate during the review period. Railways are considered as the backbone of transportation facilities in metro cities. People usually require quick service and information about train availability and the immigration/arrival process. Individuals from different regions traveling to a new location tend to ask the reception for the information and must go through various security checks. ABC systems at these locations make such information available to visitors.

The Airport Segment Accounted for the Largest Share in 2020: The airport segment accounted for the second-largest market share in 2020. In order to optimize the use of existing infrastructure and technology at airports and manage growing passenger traffic, airports need to improve operational efficiency. ABC systems can handle a large number of passengers and improve operational efficiency while also maintaining security. These systems can also help carry out functions such as self-check-in, check-out, and baggage tagging. Time-consuming activities in airports involve tagging baggage and clearing the immigration/arrival process, which is resolved by ABC systems via the self-tagging of baggage and self-service for the immigration/arrival process.

The Seaport Segment is Expected to Witness the steady Growth in the Market: The seaport segment is expected to grow at a slightly higher growth rate during the review period. The border crossing at seaports is one of the most sensitive and time-consuming processes due to the increasing illegal activities at seaport borders. Seaports are crucial transit points in the business processes, and thus, security is an essential aspect for sustained business stability. Moreover, advanced port security systems will become essential to monitor and curtail any imminent threat to the ports with new and mega seaports being constructed and upgraded across the world. Most government bodies across the world are deploying automated border control at seaports to ensure security and fast border crossing.

Regional Analysis:

Security concerns associated with border control involve restricting unauthorized migrants and preventing wanted criminals and potential terrorists from traveling. Moreover, the increasing incidences of smuggling are also one of the growing security concerns. Immigration is one of the growing security concerns. For instance, illegal immigration has grown eight-fold in Italy, doubled in Greece, and is up 50% at International Spanish borders.

This significantly increases the demand for effective border control systems. Moreover, according to Global Terrorism Database, an estimated 26,445 people died from terrorism globally in 2017. Between 2007–2017, the global death toll ranged from its lowest of 7,827 in 2010 to the highest year of 44,490 in 2014. Moreover, the rise of immediate security threats to the East and South of Europe and involvement in conflicts in the Middle East further boost the demand for automated border control solutions. Thus, the increasing incidences of terrorism and growing security concerns are expected to drive the growth of the global Automated Border Control Market Analysis during the forecast period.

Full report @ https://www.marketresearchfuture.com/reports/automated-border-control-market-4662

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