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Automated Border Control Market Size, Share, Top Key Players, Impacting Factors, Regional Outlook And Forecast To 2033
Automated Border Control Market Share
According to The Business Research Company's, The automated border control market size has grown rapidly in recent years. It will grow from $1.48 billion in 2023 to $1.69 billion in 2024 at a compound annual growth rate (CAGR) of 14.7%. The growth in the historic period can be attributed to enhanced border security requirements, growth in global travel and tourism, efficiency and time savings, integration of biometric technologies, international collaboration for border management..
The automated border control market size is expected to see rapid growth in the next few years. It will grow to $2.79 billion in 2028 at a compound annual growth rate (CAGR) of 13.3%. The growth in the forecast period can be attributed to rising concerns about global security, technological advancements in authentication, increasing air travel and cross-border movements, focus on contactless and hygienic solutions, government initiatives for digital transformation.. Major trends in the forecast period include global standards and interoperability, enhanced passenger experience, incorporation of blockchain technology, collaboration with airlines and the travel industry, smart infrastructure and iot deployment..
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Market Drivers and Trends:
The increase in air passenger traffic is expected to propel the growth of the automated border control market going forward. Air passenger traffic refers to the number of people who travel on commercial airlines for personal or business purposes. Automatic border control helps air passengers by implementing automated passport control and provides complete control of their airport travel experience, resulting in customer satisfaction, increased efficiency, and staff productivity. For instance, in March 2023, according to a report, Full Year 2022 U.S. Airline Traffic Data, published by the Bureau of Transportation Statistics (BTS), a US-based government agency, in 2022, U.S. airlines carried 194 million more passengers than in 2021, an increase of 30% from year to year. U.S. airlines carried 853 million passengers (unadjusted) over the entire 2022 year of operation, up from 658 million in 2021. Therefore, the increase in air passenger traffic is driving the growth of the automated border control market.
The adoption of new technologies is a key trend gaining popularity in the automated border control market. Major companies operating in the automated border control market are adopting new technologies to sustain their position in the market. For instance, in February 2023, Nexcom International Co. Ltd., a Taiwan-based provider of digital signage appliances, launched an automated border control solution powered by their NDiS B561 fanless visual edge computer. This innovative technology provides dependable, practical, high-performance visible edge computing, enabling security screening applications supported by artificial intelligence (AI) and biometric identification. It captures biometric data from travelers, such as their facial images and fingerprints. The data is then processed using artificial intelligence (AI) to identify and authenticate travelers. This helps to prevent illegal entry and identify potential threats. Additionally, the solution will help improve security and efficiency, reduce costs at borders, and make the world safer.
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Major Key Players of the Market:
Atos SE; Veridos GmbH; NEC Corporation; Gunnebo AB; Idemia Group; SITA S.A.; Indra Sistemas S.A.; Vision-Box; Secunet Security Networks AG; Cross Match Technologies Inc.; Gemalto NV, DERMALOG Identification Systems GmbH; Cognitec Systems GmbH; Thales Group; Cominfosec Inc.; HID Global Corporation; Magnetic Autocontrol GmbH; Rockwell Collins Aerospace and Electronics Inc.; Innovatrics; Aware Inc.; MorphoTrust USA; OT-Morpho; Arjo Systems; IER SAS; Kaba Group; M2SYS Technology; Securiport LLC; X Infotech; BioID AG
Automated Border Control Market 2024 Key Insights:
• The automated border control market size will grow to $2.79 billion in 2028 at a compound annual growth rate (CAGR) of 13.3%.
• Surge In Air Passenger Traffic Fuels Growth Of Automated Border Control Market
• Adoption Of New Technologies Drives Innovation In Automated Border Control Market
• Europe was the largest region in the automated border control market in 2023
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