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Automated Security E-Gate Market Size, Share, Trends & Forecast 2024-2033 | Growth Analysis, Key Players
Automated Security E-Gate Market Size
According to The Business Research Company's, The automated security e-gate market size has grown rapidly in recent years. It will grow from $1.03 billion in 2023 to $1.22 billion in 2024 at a compound annual growth rate (CAGR) of 17.7%. The growth in the historic period can be attributed to increased security concerns, rising demand for seamless travel experience, government initiatives for border control, globalization and trade growth, pressure to enhance operational efficiency.
The automated security e-gate market size is expected to see rapid growth in the next few years. It will grow to $2.36 billion in 2028 at a compound annual growth rate (CAGR) of 18.0%. The growth in the forecast period can be attributed to growing international travel, increasing adoption of biometric technology, rising demand for advanced border security solutions, expanding investments in airport infrastructure, stringent regulatory requirements for identity verification and border control. Major trends in the forecast period include integration of artificial intelligence (AI) and machine learning (ML) for enhanced security, expansion of contactless biometric solutions, enhanced passenger experience through personalization, adoption of cloud-based solutions for scalability and flexibility, emphasis on sustainability and green initiatives.
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Market Drivers and Trends:
The rapid growth of air travel is expected to propel the automated security e-gate market going forward. Air travel refers to the transportation of passengers by aircraft, typically through commercial airlines or private aviation. Air travel growth is driven by various factors, such as affordable air travel costs, a shift towards sustainable aviation fuels, and advances in aviation technology. Automated security e-gates enhance air travel efficiency by expediting passenger screening processes and bolstering security measures through advanced technology integration. For instance, in February 2023, according to the International Civil Aviation Organization, a Canada-based specialized agency of the United Nations, the number of air passengers carried in 2022 increased by an estimated 47% compared to 2021, while revenue passenger kilometers (RPK's) increased by around 70% over the same period. Therefore, the rapid growth of air travel is driving the growth of the automated security e-gate market.
Major companies operating in the automated security e-gate market are developing advanced technological products, such as multimodal biometric pods, to gain a competitive edge in the market. A multimodal biometric pod refers to a compact and integrated system that incorporates multiple biometric authentication methods within a single unit or enclosure. For instance, in December 2022, Thales Group, a France-based information technology company, launched the Multimodal Biometric Pod, an automated security e-gate technology designed to enhance border control operations by integrating iris and face recognition capabilities for both enrolling and verifying travelers' identities. The Thales biometric pod improves efficiency, reduces processing time, and ensures compliance with security and privacy standards. It can be used as a standalone unit or integrated into self-service solutions. The biometric pod features a camera and a high-resolution LCD screen, and it can recognize a pre-enrolled traveler's iris and face from a distance of 0.5 to 1.5 meters. With the help of AI, the solution can capture dual iris and faces in just two seconds, enabling swifter operations and visibly shorter wait times.
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Major Key Players of the Market:
Panasonic Holdings Corporation, 3M Company, NEC Corporation, Thales Group, NXP Semiconductors N.V, Assa Abloy AB, Amadeus IT Group, Smiths Group plc, Gemalto NV, IDEMIA France SAS, Unisys Corporation, SITA NV, OSI Systems Inc, Atos SE, Rapiscan Systems, ARJO Systems, Bosch Security Systems, Josanti Infoimaging, Gunnebo AB, HID Global Corp, Cognitec Systems GmbH, Dallmeier Electronic GmbH & Co. KG, Invixium Access Inc.
Automated Security E-Gate Market 2024 Key Insights:
• The automated security e-gate market size is expected to see rapid growth in the next few years. It will grow to $2.36 billion in 2028 at a compound annual growth rate (CAGR) of 18.0%.
• Air Travel Demand Fuels Growth In The Automated Security E-gate Market
• Multimodal Biometric Pods Transforming The Automated Security E-Gate Market
• Europe was the largest region in the automated security e-gate market in 2023
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