The Automated Border Control (ABC) Market was valued at USD 456.5 Million in 2016 and
is expected to reach USD 1,577.7 Million by 2022, at a CAGR of 17.45% between
2017 and 2022. The major drivers for the growth of the ABC market are rising
security concerns, enhanced traveler convenience in the border crossing
process, and increasing need for automation across all port facilities.
Of all the major applications of
ABC, airport holds the largest share of the ABC market. The demand for ABC
across airports is growing owing to the increasing passenger traffic across the
globe. The increasing passenger traffic at airports is mainly because of the
increasing travel and tourism activities and economic development across the
globe.
Among solution types, the ABC
e-gate held a larger share of the automated border control market. This growth
can be attributed to the increasing need for automation and increasing
passenger traffic. ABC e-gates can process maximum number of passengers while
maintaining security.
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Hardware component holds the largest share of the automated border
control market owing to the increasing need for biometric verification
technology in the border control process. Additionally, biometric verification
is the most accurate and authenticated validation technology suggested by
transport authorities globally.
APAC is expected to be the
fastest-growing market for ABC between 2017 and 2022. The government support to
deploy ABC to enhance security and traveler convenience makes the ABC market
attractive in the APAC region.
The key restraining factors for
this market are the lack of standardization and large capital requirement for
infrastructure projects. The threat of identity theft acts as a major challenge
for the automated border control market.
The companies profiled in the
report are Gemalto (Netherlands), OT-Morpho (France), SITA (Switzerland), Indra
Sistemas (Spain), secunet Security Networks (Germany), Vision-Box (Portugal),
Gunnebo (Sweden), NEC Corporation (Japan), Accenture (Republic of Ireland), and
Cross Match Technologies (US). The companies profiled also cover the following
key innovators: Arjo Systems (France), IER SAS (France), Cognitec Systems
(Germany), and Securiport (US).
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