The global passport reader market size is expected to be worth around US$ 400.97 million by 2030, according to a new report by Vision Research Reports.
The global passport reader market size was valued at US$ 190.21 million in 2020 and is anticipated to grow at a CAGR of 12.3% during forecast period 2021 to 2030.
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Report Coverage
| Report Scope | Details |
| Market Size | USD 400.97 million by 2030 |
| Growth Rate | CAGR of 12.3% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Technology, Type, Sector, Application |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Gemalto NV (France); ARH Inc. (Hungary); 3M (U.S.); IER (France); Access Ltd. (U.K.); Beijing Wintone Science & Technology Co. Ltd. (China); and DESKO GmbH (Germany) |
Growth Factors
The increasing adoption of e-passports and need for authentication of passports at airport points, border control facilities, and immigration points are expected to drive the growth of the market. The increasing number of air passengers is expected to subsequently trigger the building of new airports, especially in developing economies across the world. The governments of various countries are investing heavily in construction of airports and this is expected to increase the demand for passport readers over the forecast period.
increasing adoption of new technologies such as Optical Character Recognition (OCR) enables saving the time required for airport staff to manually enter the data of passengers in the systems. The use of RFID technology has increased owing to the demand from industries & sectors such as transport, retail, medical, and defense.
By Technology Analysis
The RFID segment dominated the market in 2020 and accounted for a market share exceeding 40%. The RFID technology involves the use of an RFID tag embedded in passports, which would be scanned to read the information.
The optical character recognition segment is expected to witness substantial growth over the forecast period. The growth of the segment can be attributed to the need for converting several forms of documentation such as digital images and scanned paper into editable and searchable data.
By Type Analysis
Based on type, the market has been further segregated into swipe reader, self-service kiosk, compact full-page reader, and others. The swipe reader segment accounted for the largest market share in 2020.
The self-service kiosk segment is projected to exhibit the highest growth over the forecast period owing to the high demand for efficient management of airport activities across the globe. A self-service kiosk installed at airports enables travelers to avoid long waiting hours in queues as well as delays at check-in points.
By Sector Analysis
The public sector dominated the passport reader market in 2020 and accounted for a market share of more than 65%. The growth of the segment can be attributed to the increasing installation of passport readers at border control, airport check-in, and immigration points to check the authenticity of documents.
The private sector is expected to register the highest CAGR over the forecast period. The increasing demand for a passport reader from travel agencies and car rental & leasing companies is expected to drive the segment growth.
By Application Analysis
The airport security segment dominated the market in 2020 and is projected to continue dominating the market over the forecast period. The growing threats of human trafficking, border terrorism, smuggling, drug trade, and other criminal activities have led to the imposition of stringent security measures at airports across the world.
The border control segment is expected to witness significant growth in the next six years. The increasing use of a passport reader to detect altered or counterfeit documents of travelers is expected to drive the segment growth.
By Regional Analysis
North America dominated the market in terms of revenue owing to the increasing number of air passengers. The growing use of e-passports at hotels, airport terminals, immigration points, and so on is driving the demand of passport readers in the region.
Asia Pacific is anticipated to exhibit the highest CAGR over the forecast period. Countries such as China and India are expected to generate considerable revenue over the next six years owing to the presence of several manufacturers and the development of advanced products such as self-service kiosks, combo readers
Key Players
Market Segmentation
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Application Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Passport Reader Market, By Technology
7.1. Passport Reader Market, by Technology, 2021-2030
7.1.1. RFID
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Barcode
7.1.2.1. Market Revenue and Forecast (2017-2030)
7.1.3. OCR
7.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Passport Reader Market, By Type
8.1. Passport Reader Market, by Type, 2021-2030
8.1.1. Swipe Readers
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Self-Service Kiosk
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Compact Full-Page Reader
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Others
8.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Passport Reader Market, By Application
9.1. Passport Reader Market, by Application, 2021-2030
9.1.1. Airport Security
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Border Control
9.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Passport Reader Market, By Sector
10.1. Passport Reader Market, by Sector, 2021-2030
10.1.1. Public
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Private
10.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Passport Reader Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Technology (2017-2030)
11.1.2. Market Revenue and Forecast, by Type (2017-2030)
11.1.3. Market Revenue and Forecast, by Application (2017-2030)
11.1.4. Market Revenue and Forecast, by Sector (2017-2030)
11.1.5. U.S.
11.1.5.1. Market Revenue and Forecast, by Technology (2017-2030)
11.1.5.2. Market Revenue and Forecast, by Type (2017-2030)
11.1.5.3. Market Revenue and Forecast, by Application (2017-2030)
11.1.5.4. Market Revenue and Forecast, by Sector (2017-2030)
11.1.6. Rest of North America
11.1.6.1. Market Revenue and Forecast, by Technology (2017-2030)
11.1.6.2. Market Revenue and Forecast, by Type (2017-2030)
11.1.6.3. Market Revenue and Forecast, by Application (2017-2030)
11.1.6.4. Market Revenue and Forecast, by Sector (2017-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Technology (2017-2030)
11.2.2. Market Revenue and Forecast, by Type (2017-2030)
11.2.3. Market Revenue and Forecast, by Application (2017-2030)
11.2.4. Market Revenue and Forecast, by Sector (2017-2030)
11.2.5. UK
11.2.5.1. Market Revenue and Forecast, by Technology (2017-2030)
11.2.5.2. Market Revenue and Forecast, by Type (2017-2030)
11.2.5.3. Market Revenue and Forecast, by Application (2017-2030)
11.2.5.4. Market Revenue and Forecast, by Sector (2017-2030)
11.2.6. Germany
11.2.6.1. Market Revenue and Forecast, by Technology (2017-2030)
11.2.6.2. Market Revenue and Forecast, by Type (2017-2030)
11.2.6.3. Market Revenue and Forecast, by Application (2017-2030)
11.2.6.4. Market Revenue and Forecast, by Sector (2017-2030)
11.2.7. France
11.2.7.1. Market Revenue and Forecast, by Technology (2017-2030)
11.2.7.2. Market Revenue and Forecast, by Type (2017-2030)
11.2.7.3. Market Revenue and Forecast, by Application (2017-2030)
11.2.7.4. Market Revenue and Forecast, by Sector (2017-2030)
11.2.8. Rest of Europe
11.2.8.1. Market Revenue and Forecast, by Technology (2017-2030)
11.2.8.2. Market Revenue and Forecast, by Type (2017-2030)
11.2.8.3. Market Revenue and Forecast, by Application (2017-2030)
11.2.8.4. Market Revenue and Forecast, by Sector (2017-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Technology (2017-2030)
11.3.2. Market Revenue and Forecast, by Type (2017-2030)
11.3.3. Market Revenue and Forecast, by Application (2017-2030)
11.3.4. Market Revenue and Forecast, by Sector (2017-2030)
11.3.5. India
11.3.5.1. Market Revenue and Forecast, by Technology (2017-2030)
11.3.5.2. Market Revenue and Forecast, by Type (2017-2030)
11.3.5.3. Market Revenue and Forecast, by Application (2017-2030)
11.3.5.4. Market Revenue and Forecast, by Sector (2017-2030)
11.3.6. China
11.3.6.1. Market Revenue and Forecast, by Technology (2017-2030)
11.3.6.2. Market Revenue and Forecast, by Type (2017-2030)
11.3.6.3. Market Revenue and Forecast, by Application (2017-2030)
11.3.6.4. Market Revenue and Forecast, by Sector (2017-2030)
11.3.7. Japan
11.3.7.1. Market Revenue and Forecast, by Technology (2017-2030)
11.3.7.2. Market Revenue and Forecast, by Type (2017-2030)
11.3.7.3. Market Revenue and Forecast, by Application (2017-2030)
11.3.7.4. Market Revenue and Forecast, by Sector (2017-2030)
11.3.8. Rest of APAC
11.3.8.1. Market Revenue and Forecast, by Technology (2017-2030)
11.3.8.2. Market Revenue and Forecast, by Type (2017-2030)
11.3.8.3. Market Revenue and Forecast, by Application (2017-2030)
11.3.8.4. Market Revenue and Forecast, by Sector (2017-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Technology (2017-2030)
11.4.2. Market Revenue and Forecast, by Type (2017-2030)
11.4.3. Market Revenue and Forecast, by Application (2017-2030)
11.4.4. Market Revenue and Forecast, by Sector (2017-2030)
11.4.5. GCC
11.4.5.1. Market Revenue and Forecast, by Technology (2017-2030)
11.4.5.2. Market Revenue and Forecast, by Type (2017-2030)
11.4.5.3. Market Revenue and Forecast, by Application (2017-2030)
11.4.5.4. Market Revenue and Forecast, by Sector (2017-2030)
11.4.6. North Africa
11.4.6.1. Market Revenue and Forecast, by Technology (2017-2030)
11.4.6.2. Market Revenue and Forecast, by Type (2017-2030)
11.4.6.3. Market Revenue and Forecast, by Application (2017-2030)
11.4.6.4. Market Revenue and Forecast, by Sector (2017-2030)
11.4.7. South Africa
11.4.7.1. Market Revenue and Forecast, by Technology (2017-2030)
11.4.7.2. Market Revenue and Forecast, by Type (2017-2030)
11.4.7.3. Market Revenue and Forecast, by Application (2017-2030)
11.4.7.4. Market Revenue and Forecast, by Sector (2017-2030)
11.4.8. Rest of MEA
11.4.8.1. Market Revenue and Forecast, by Technology (2017-2030)
11.4.8.2. Market Revenue and Forecast, by Type (2017-2030)
11.4.8.3. Market Revenue and Forecast, by Application (2017-2030)
11.4.8.4. Market Revenue and Forecast, by Sector (2017-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Technology (2017-2030)
11.5.2. Market Revenue and Forecast, by Type (2017-2030)
11.5.3. Market Revenue and Forecast, by Application (2017-2030)
11.5.4. Market Revenue and Forecast, by Sector (2017-2030)
11.5.5. Brazil
11.5.5.1. Market Revenue and Forecast, by Technology (2017-2030)
11.5.5.2. Market Revenue and Forecast, by Type (2017-2030)
11.5.5.3. Market Revenue and Forecast, by Application (2017-2030)
11.5.5.4. Market Revenue and Forecast, by Sector (2017-2030)
11.5.6. Rest of LATAM
11.5.6.1. Market Revenue and Forecast, by Technology (2017-2030)
11.5.6.2. Market Revenue and Forecast, by Type (2017-2030)
11.5.6.3. Market Revenue and Forecast, by Application (2017-2030)
11.5.6.4. Market Revenue and Forecast, by Sector (2017-2030)
Chapter 12. Company Profiles
12.1. Gemalto NV (France)
12.1.1. Company Overview
12.1.2. Technology Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. ARH Inc. (Hungary)
12.2.1. Company Overview
12.2.2. Technology Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. 3M (U.S.)
12.3.1. Company Overview
12.3.2. Technology Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. IER (France)
12.4.1. Company Overview
12.4.2. Technology Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Access Ltd. (U.K.)
12.5.1. Company Overview
12.5.2. Technology Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Beijing Wintone Science & Technology Co. Ltd. (China)
12.6.1. Company Overview
12.6.2. Technology Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. DESKO GmbH (Germany)
12.7.1. Company Overview
12.7.2. Technology Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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