The Asia-Pacific Automated Border Control Market Growth at a rate of 17.09% in the forecast period 2022 to 2029
With a clear understanding of customer requirements, one method or combination of many methods have been used to construct the most excellent Asia-Pacific Automated Border Control Market research report. Market analysis estimates the expected rise, growth or fall of the product in the specific forecast period. This market research report delivers an all-inclusive analysis of the market structure along with forecasts of the diverse segments and sub-segments of the market. The verified, best, and advanced methods and tools such as SWOT analysis and Porter's Five Forces Analysis are used carefully while generating Asia-Pacific Automated Border Control Market market reports.
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Market Analysis and Insights - Asia-Pacific Automated Border Control Market
Automated border control market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the automated border control market to exhibit a CAGR of 17.9% for the forecast period of 2021-2028.
The automated border control (ABC) systems also referred as e-gate are the solutions to the security at border crossing as it initiates processing as soon as the traveler enters. It basically use the data stored in biometric chip which tracks the facial, iris, fingerprint recognition modalities and assures that the passenger is the rightful holder of the document, controls the immigration at failure of identity mismatch and enhancement in passenger’s travel and to raise the security boundaries at border control, detects frauds with greater risk with the help of electronic microprocessors and collects personal information of an individual such as address, gender, nationality, name, birth date and photograph among others.
The increasing adoption of advanced technologies such as facial recognition, IOT, AI, biometric identification system emerge as the major factors driving market growth. The growing number of international airports, growing security concerns, and maintaining enhanced passenger travelling experience coupled with ongoing technological advancements and new product launches by the key vendors operating in the market will further aggravate the market value. The increasing adoption of smart and automated systems by commercial enterprises is thus expected to accelerate the market’s growth. However, high initial cost and high capital requirement for automated border control act as a restraint for the market.
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Key Players Asia-Pacific Automated Border Control Market
The major players covered in the automated border control market report are secunet Security Networks AG, IER, Thales Group, IDEMIA, DERMALOG Identification Systems GmbH, SITA, Cognitec Systems GmbH, Securiport, Veridos GmbH, HID Global Corporation, NEC Corporation, indracompany, Accenture, Gunnebo AB, Vision Box, Collins Aerospace, Aware, Inc., Vancouver Airport Authority, Atos SE among other. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Asia-Pacific Automated Border Control Market Share Analysis
The automated border control market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the automated border control market.
The Asia-Pacific Automated Border Control Market Size
The automated border control market is segmented on the basis of type, component, application and end users. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the automated border control market has been segmented into ABC e-gates and ABC kiosks.
- On the basis of components, the automated border control market is segmented into hardware, software and services. Hardware further segmented into document authentication system (DAS) and biometric verification system (BVS) and others (signature scanner and baggage scanner). Biometric verification systems are further classified into face recognition, fingerprint recognition, IRIS recognition and others (palm print and vein). Services are further divided into installation and maintenance.
- On the basis of application, the market is segmented into airport, landport and seaport.
- On the basis of end users, the automated border control market is segmented into government representatives, technical developers, research firms and its enablers.
Asia-Pacific Automated Border Control Market Country Level Analysis
The automated border control market is analyzed and market size, volume information is provided by type, component, application and end users as referenced above.
The countries covered in the automated border control market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines and Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).
The country section of the automated border control market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Asia-Pacific Automated Border Control Market Report Answers the Following Questions:
- How much revenue will the Asia-Pacific Automated Border Control Market generate by the end of the forecast period?
- Which market segment is expected to have the maximum market share?
- What are the influencing factors and their impact on the Asia-Pacific Automated Border Control Market?
- Which regions are currently contributing the maximum share of the overall Asia-Pacific Automated Border Control Market?
- What indicators are likely to stimulate the Asia-Pacific Automated Border Control Market?
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