Automated Border Control Market Surges with a Robust 16.5% CAGR in 2024-30 Forecast
Research Reports
Apr 13, 2024
Market Overview: Automated Border Control Market
MarkNtel Advisors, leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on Automated Border Control Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.
Automated Border Control Market Insights 2024-30
The Automated Border Control Market is estimated to grow at a CAGR of around 16.5% during the forecast period 2024-30.
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Driving Innovation: Exploring the Automated Border Control Market and its Key Drivers
Global Automated Border Control Market Driver: Geopolitical Concerns & Safety Imperatives to Drive Adoption of Automated Border Control Systems
Automated border control systems have increasingly become a preference over traditional manual verification methods, especially at key points like airports, seaports, and land borders. This preference is primarily driven by the precision & efficiency that automated systems offer in the verification process, effectively countering illegal migration & related activities. Even developed nations like the US and the UK have grappled with significant challenges related to illegal migration, particularly at airports & seaports.
Furthermore, recent geopolitical events, such as the Russia-Ukraine conflict, have amplified concerns about the potential rise in unlawful activities. This concern is compounded by the higher volume of passengers moving through neighboring countries. Consequently, the adoption of automated border control systems has become crucial to ensuring both the safety & efficient management of borders, as well as airports & seaports. This underscores the growing recognition of these technologies as essential tools and is driving the continued expansion of the Automated Border Control Market.
Top Players in the Automated Border Control Market:
Securiport LLC, Veridos GmbH, Cognitec Systems GmbH, HID Global Corporation, Gunnebo Entrance Control Ltd., Thales Group, Accenture PLC, Atos SE, Magnetic Autocontrol GmbH, IDEMIA, Collins Aerospace, Indra Sistemas S.A., Secunet Security Networks AG, Vision Box, NEC Corporation, and Others
Automated Border Control Industry Recent Development:
- 2023: IDEMIA, the worldwide frontrunner in identity technology, has its facial recognition 1: N algorithm achieving the highest accuracy in the recent Face Recognition Vendor Test (FRVT) conducted by the National Institute of Standards and Technology (NIST). IDEMIA’s technology offers an exceptional blend of effectiveness, scalability, precision, and equity in facial recognition, as demonstrated by the NIST assessments.
- 2022: Vision-Box introduced a new self-service passenger processing kiosk, the Seamless Kiosk, which offers features similar to other self-service kiosks, enabling travelers to check in & handle baggage independently.
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Segmentation Analysis of Automated Border Control Market
Automated Border Control Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2024-30, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.
By Offering
-Hardware
–Document Authentication System (DAS)
–Biometric Verification System (BVS)
—Face Recognition
—Fingerprint Recognition
—IRIS Recognition
—Palm & Vein Recognition
-Software
-Services
–Installation
–Maintenance
–Consultancy
- Hardware holds the largest share of the Automated Border Control Market
By Solution Type
-Automated Border Control (ABC) Kiosk
-Automated Border Control (ABC) e-Gate
By Application
-Airport
-Land Borders
-Sea Port
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A Comprehensive Geographical Analysis:
By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
- The European region currently stands as the dominant force in the Global Automated Border Control Market in terms of revenue, and this trend is expected to persist in the forecasted period.
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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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Reach us: Call: +1 628 895 8081, +91 120 4278433 Email: sales@marknteladvisors.com Visit to know more: www.marknteladvisors.com
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