Automated Border Control Market
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What Is the Expected CAGR for the Automated Border Control Market Through 2025?
In past few years, it has been observed that the automated border control market size surged quite swiftly. The growth is expected to rise from $1.66 billion in 2024 to around $1.85 billion in 2025, at a compound annual growth rate (CAGR) of 11.8%. The acceleration in historical period growth can be linked to the need for improved border protection measures, the increase in worldwide travel and tourism, efficient strategies that save time, the implementation of biometric technologies, and global cooperative efforts towards border management.
What’s the Projected Size of the Global Automated Border Control Market by 2029?
The landscape for the automated border control market is anticipated to experience swift expansion in the coming years. The market is projected to accelerate to a value of $3.08 billion by 2029, boasting a compound annual growth rate (CAGR) of 13.6%. This surge during the forecast period is associated with the increase in global security threats, advancements in authentication technology, heightened air travel and border crossings, emphasis on touch-free, hygienic solutions, and the drive for digital revolution by governments. Key market trends in the anticipation period encompass global standardization and interoperability, improved passenger comfort, the introduction of blockchain technology, partnerships with airlines and the tourism industry, intelligent infrastructure, and installing the Internet of Things (IoT).
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Top Growth Drivers in the Automated Border Control Industry: What’s Accelerating the Market?
The projected rise in the number of air passengers is likely to spur the expansion of the automated border control market. The term ‘air passenger traffic’ denotes the crowd of people who utilize commercial airlines either for personal convenience or business reasons. Automated border control enhances the journey experience of these passengers by incorporating automated passport control, thus offering them a sense of complete control over their airport adventure. As a result, this improves customer satisfaction, efficiency, and the productivity of the workforce. A case in point, the Full Year 2022 U.S. Airline Traffic Data report released by the Bureau of Transportation Statistics (BTS), a US government agency, in March 2023 unveiled that in 2022 there was a surge of 194 million more passengers in the U.S airlines compared to 2021, marking a 30% increment year on year. The U.S airlines catered to 853 million passengers (unadjusted) in the entire operational year of 2022, which is a rise from 658 million in 2021. Consequently, the growth in the number of air passengers bolsters the development of the automated border control market.
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What Trends Will Shape the Automated Border Control Market Through 2029 and Beyond?
The introduction and utilization of groundbreaking technologies is a prevailing trend in the automated border control market. Renowned companies entrenched in this market are exploring these modern technologies to uphold their market standing. For example, in February 2023, Nexcom International Co. Ltd., a company rooted in Taiwan and known for its digital signage appliances, unveiled a solution for automated border control, facilitated by their NDiS B561 fanless visual edge computer. This inventive tech delivers reliable, feasible, and advanced visible edge computing, geared towards security screening applications fortified by artificial intelligence (AI) and biometric identification. It records biometric details from travelers, including facial visuals and fingerprints, which are then processed via AI for identification and verification. This acts as a deterrent to illegal intrusions and aids in pinpointing potential risks. Furthermore, this solution is set to enhance security, increase efficiency, cut down costs at borders, and contribute to a safer world.
What Are the Main Segments in the Automated Border Control Market?
The automated border controlmarket covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Type: Automated Border Control E-gates, Automated Border Control Kiosks
3) By Application: Airport, Landport, Seaport
Subsegments:
1) By Hardware: Biometric Scanners, E-Gates And Kiosks, Document Readers, Surveillance Cameras
2) By Software: Identity Management Systems, Biometric Verification Software, Border Control Management Software, Data Analytics Tools
3) By Services: System Integration Services, Maintenance And Support Services, Consulting Services, Training And Education Services
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Which Top Companies are Driving Growth in the Automated Border Control Market?
Major companies operating in the automated border control market include Atos SE, Veridos GmbH, NEC Corporation, Gunnebo AB, Idemia Group, SITA S.A., Indra Sistemas S.A., Vision-Box, Secunet Security Networks AG, Cross Match Technologies Inc., Gemalto NV, accenture* plc, DERMALOG Identification Systems GmbH, Cognitec Systems GmbH, Thales Group, Cominfosec Inc., HID Global Corporation, Magnetic Autocontrol GmbH, Rockwell Collins Aerospace and Electronics Inc., Innovatrics, Aware Inc., MorphoTrust USA, OT-Morpho, Arjo Systems, IER SAS, Kaba Group, M2SYS Technology, Securiport LLC, X Infotech, BioID AG
Which Regions Will Dominate the Automated Border Control Market Through 2029?
Europe was the largest region in the automated border control market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automated border control market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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