Passport Reader Market is estimated to grow at a CAGR of approximately 8.6% during the forecast period 2018-2023

Market Highlights
The advancements in printing technology has threatened the passports security globally. The passport readers, which are integrated at check-in points, border controls, and immigration points are capable of ensuring the authenticity and help in preventing passports forgery. Therefore, various governments have deployed passport readers at border checkpoints and immigration terminals to find the authenticity of the document.

Market Research Future has segmented the global passport reader market into four different regions namely, North America, Europe, Asia Pacific, and Rest of the World. The North American market is further segmented into the U.S., Canada, and Mexico while the European market is segmented into Germany, the U.K., France, Spain, Italy and Rest of Europe. The Asia Pacific market is sub-divided into China, India, Japan, South Korea and Rest of Asia Pacific.

Get Sample Report @ https://www.marketresearchfuture.com/sample_request/5929

North America is dominating the global passport reader market owing to rise in usage of e-passports and increase in air passengers. Therefore, airport and border controls officials have started deploying passport readers to maintain a smooth flow of passengers.
Asia Pacific region is the hub for semiconductors, many leading passport reader manufacturers are present in this region. The region is witnessing the highest growth rate and is projected to continue growing at the same pace over the forecast period.
Global passport reader market is valued at USD 169.76 million in 2018. The market is projected to reach USD 279.50 million by 2023 at an expanding CAGR of 8.67% over the forecast period.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Passport reader Market Research Report-Forecast to 2023”.

Segmentation:
The global Passport Reader Market is segmented into technology, type, application, sector, and region.
Based on the technology, the global passport reader market is sub-segmented into RFID, closed coupled and OCR (Optical Character Recognition). Based on the type, the market is segmented into compact full page reader, self-service kiosk, swipe readers, and others. Based on the application, passport reader market is sub-segmented into airport security, border control, and others.
Some of the prominent players in the global passport reader market: Gemalto N.V, ARH INC, Access Limited, Regula Forensics Inc., Beijing Wintone Science Technology, DESKO GmbH, IER Inc., Lintech Enterprises Limited, and IDAC Solutions Pvt. Ltd.

Market Research Analysis:
Geographically, Asia Pacific is the fastest growing region across the globe. Furthermore, growing focus of many Asian government to develop smart cities is boosting the passport reader market along with the increase in the installation of automatic gate systems at airports. North America is dominating the global market by holdng 38% share the global passport reader market.

LIST OF TABLES
TABLE 1 GLOBAL PASSPORT READER MARKET, BY TECHNOLOGY, 2018-2023 (USD MILLION)
TABLE 2 GLOBAL PASSPORT READER MARKET, BY TYPE, 2018-2023 (USD MILLION)
TABLE 3 GLOBAL PASSPORT READER MARKET, BY APPLICATION, 2018-2023 (USD MILLION)
TABLE 4 GLOBAL PASSPORT READER MARKET, BY SECTOR, 2018-2023 (USD MILLION)
TABLE 5 GLOBAL PASSPORT READER MARKET, BY REGION, 2018-2023 (USD MILLION)
Continued…….

Get Report Details @ https://www.marketresearchfuture.com/reports/passport-reader-market-5929

LIST OF FIGURES
FIGURE 1 TOP DOWN & BOTTOMUP APPROACH
FIGURE 2 FORECAST MODEL
FIGURE 3 DROC OF GLOBAL PASSPORT READER MARKET RESEARCH REPORT: FORECAST TO 2023
FIGURE 4 SUPPLY CHAIN ANALYSIS
FIGURE 5 PORTER’S FIVE FORCES ANALYSIS OF GLOBAL PASSPORT READER MARKET
Continued…….

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members

Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com

This release was published on openPR.