Passport Reader Market

The global Passport Reader market was valued at 165.78 Million USD in 2021 and will grow with a CAGR of 4.76% from 2021 to 2027, based on Research newly published report.

The prime objective of Passport Reader Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Passport Reader Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

A biometric passport is a traditional passport that has an embedded electronic microprocessor chip which contains biometric information that can be used to authenticate the identity of the passport holder. It uses contactless smart card technology, including a microprocessor chip (computer chip) and antenna (for both power to the chip and communication) embedded in the front or back cover, or center page, of the passport. The passport`s critical information is both printed on the data page of the passport and stored in the chip.Increase in the e-passports is rising the demand for passport readers at the airport terminals, hotels, and car rental service stations among others. These e-passports help in creating highly secure and interoperable infrastructure for international travel. Additionally, they reduce waiting time and benefit users by providing self-service kiosks, which enables the passengers to self-verify. However, one of the major restraining factors slowing down the growth of the passport readers market are the technical issues that occur in the device. The passport reader is an electronic device comprising electronic components, optical scanners, RFID, and others. Electronic components are highly sensitive to high voltage, which may damage them or may interfere with the proper working of the device.

By Market Verdors:

• Gemalto
• 3M
• ARH Inc
• Access Limited
• Regula Forensics
• China-Vision
• Desko
• OT-Morpho
• Prehkeytec
• IDAC Solutions
• DILETTA
• Grabba
• BioID Technologies
• Wintone

By Types:

• RFID
• Barcode
• OCR

By Applications:

• Airport Security
• Border Control

Key Indicators Analysed

• Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market?s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
• Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
• Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
• Opportunities and Drivers: Identifying the Growing Demands and New Technology
• Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Reasons to Purchase

• To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
• Assess the production processes, major issues, and solutions to mitigate the development risk.
• To understand the most affecting driving and restraining forces in the market and its impact in the global market.
• Learn about the market strategies that are being adopted by leading respective organizations.
• To understand the future outlook and prospects for the market.
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