Passport Reader Market
PUBLISHED: 2020 ID: SMRC19542
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Passport Reader Market

Passport Reader - Global Market Outlook (2019-2027)

4.8 (47 reviews)
4.8 (47 reviews)
Published: 2020 ID: SMRC19542

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Passport Reader Market is accounted for $209.48 million in 2019 and is expected to reach $568.82 million by 2027 growing at a CAGR of 13.3% during the forecast period. The increasing number of individuals and groups travelling from country to country for recreational purposes and increasing the number of immigrants seeking to enter developed countries are driving the growth of the market. However, the high cost of implementation and technical issues are hampering the growth of the market.

Passport readers are documenting authentication devices used for general security purposes and access control. The passport readers are widely used at airports to reduce time & queue for check-in and error-free recording of information.

By offering, the stand-alone segment is going to have a lucrative growth during the forecast period due to the benefit of portability; on the contrary, the high prices are associated with integrated passport reader. Based on the geography, North America is anticipated to hold considerable market share during the forecast period due to the growing number of travellers, rise in usage of e-passports and increase in air passengers, airport officials and border controls started deploying passport readers to maintain a smooth flow of passengers.

Some of the key players profiled in the Passport Reader Market include Regula Forensics Inc., Lintech Enterprises Limited, Access Limited, IDAC Solutions Pvt. Ltd, Gemalto N.V., DESKO GmbH, Beijing Wintone Science Technology, ARH INC, 3M Company, and IER Inc.   

Offerings Covered:
• Integrated
• Stand-Alone

Technologies Covered:
• Radio-frequency Identification (RFID)
• Optical Character Recognition (OCR)
• Barcode   

Types Covered:
• Swipe Readers
• Self Service Kiosk
• Half-Page Reader
• Compact Full Page Reader 
• Portable Readers

Sectors Covered:
• Public
• Private
• Government

Document Formats Covered:
• ID-1 Format
• ID-2 Format
• ID-3 Format 

Applications Covered:
• Border Control
• Airport Security
 
End Users Covered:
• Travel Agencies 
• Banks  
• Rental Car Companies 
• Police 
• Immigration Services 
• Hotels & Casinos 
• Train/ Bus Terminals 
• Corporates (Employee Vetting) 
• Border Control Applications & Social Security 
• Passport Issuing & VISA application   
• Harbours and Airports  

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliance

Table of Contents

1 Executive Summary        
          
2 Preface    
     
 2.1 Abstract        
 2.2 Stake Holders       
 2.3 Research Scope       
 2.4 Research Methodology      
  2.4.1 Data Mining      
  2.4.2 Data Analysis      
  2.4.3 Data Validation      
  2.4.4 Research Approach      
 2.5 Research Sources       
  2.5.1 Primary Research Sources     
  2.5.2 Secondary Research Sources     
  2.5.3 Assumptions      
          
3 Market Trend Analysis       
 3.1 Introduction       
 3.2 Drivers        
 3.3 Restraints       
 3.4 Opportunities       
 3.5 Threats        
 3.6 Technology Analysis       
 3.7 Application Analysis      
 3.8 End User Analysis       
 3.9 Emerging Markets       
 3.10 Impact of Covid-19       
          
4 Porters Five Force Analysis       
 4.1 Bargaining power of suppliers      
 4.2 Bargaining power of buyers       
 4.3 Threat of substitutes      
 4.4 Threat of new entrants      
 4.5 Competitive rivalry       
          
5 Global Passport Reader Market, By Offering     
 5.1 Introduction       
 5.2 Integrated       
 5.3 Stand-Alone       
          
6 Global Passport Reader Market, By Technology     
 6.1 Introduction       
 6.2 Radio-Frequency Identification (RFID)     
 6.3 Optical Character Recognition (OCR)     
 6.4 Barcode        
          
7 Global Passport Reader Market, By Type      
 7.1 Introduction       
 7.2 Swipe Readers       
 7.3 Self Service Kiosk       
 7.4 Half-Page Reader       
 7.5 Compact Full Page Reader      
 7.6 Portable Readers       
          
8 Global Passport Reader Market, By Sector     
 8.1 Introduction       
 8.2 Public        
 8.3 Private        
 8.4 Government       
          
9 Global Passport Reader Market, By Document Format    
 9.1 Introduction       
 9.2 ID-1 Format       
 9.3 ID-2 Format       
 9.4 ID-3 Format       
           
10 Global Passport Reader Market, By Application     
 10.1 Introduction       
 10.2 Border Control       
 10.3 Airport Security       
          
11 Global Passport Reader Market, By End User     
 11.1 Introduction       
 11.2 Travel Agencies       
 11.3 Banks         
 11.4 Rental Car Companies      
 11.5 Police        
 11.6 Immigration Services      
 11.7 Hotels & Casinos       
 11.8 Train/ Bus Terminals      
 11.9 Corporates (Employee Vetting)     
 11.10 Border Control Applications & Social Security    
 11.11 Passport Issuing & VISA application     
 11.12 Harbours and Airports      
          
12 Global Passport Reader Market, By Geography     
 12.1 Introduction       
 12.2 North America       
  12.2.1 US        
  12.2.2 Canada       
  12.2.3 Mexico       
 12.3 Europe        
  12.3.1 Germany       
  12.3.2 UK       
  12.3.3 Italy       
  12.3.4 France       
  12.3.5 Spain       
  12.3.6 Rest of Europe      
 12.4 Asia Pacific       
  12.4.1 Japan       
  12.4.2 China       
  12.4.3 India       
  12.4.4 Australia       
  12.4.5 New Zealand      
  12.4.6 South Korea      
  12.4.7 Rest of Asia Pacific      
 12.5 South America       
  12.5.1 Argentina      
  12.5.2 Brazil        
  12.5.3 Chile       
  12.5.4 Rest of South America     
 12.6 Middle East & Africa      
  12.6.1 Saudi Arabia      
  12.6.2 UAE       
  12.6.3 Qatar       
  12.6.4 South Africa      
  12.6.5 Rest of Middle East & Africa     
          
13 Key Developments        
 13.1 Agreements, Partnerships, Collaborations and Joint Ventures   
 13.2 Acquisitions & Mergers      
 13.3 New Product Launch      
 13.4 Expansions       
 13.5 Other Key Strategies      
          
14 Company Profiling        
 14.1 Regula Forensics Inc.      
 14.2 Lintech Enterprises Limited      
 14.3 Access Limited       
 14.4 IDAC Solutions Pvt. Ltd      
 14.5 Gemalto N.V.       
 14.6 DESKO GmbH       
 14.7 Beijing Wintone Science Technology     
 14.8 ARH INC        
 14.9 3M Company       
 14.10 IER Inc.        


List of Tables         
1 Global Passport Reader Market Outlook, By Region (2018-2027) ($MN)   
2 Global Passport Reader Market Outlook, By Offering (2018-2027) ($MN)   
3 Global Passport Reader Market Outlook, By Integrated (2018-2027) ($MN)  
4 Global Passport Reader Market Outlook, By Stand-Alone (2018-2027) ($MN)  
5 Global Passport Reader Market Outlook, By Technology (2018-2027) ($MN)  
6 Global Passport Reader Market Outlook, By Radio-Frequency Identification (RFID) (2018-2027) ($MN)
7 Global Passport Reader Market Outlook, By Optical Character Recognition (OCR) (2018-2027) ($MN)
8 Global Passport Reader Market Outlook, By Barcode (2018-2027) ($MN)   
9 Global Passport Reader Market Outlook, By Type (2018-2027) ($MN)   
10 Global Passport Reader Market Outlook, By Swipe Readers (2018-2027) ($MN)  
11 Global Passport Reader Market Outlook, By Self Service Kiosk (2018-2027) ($MN)  
12 Global Passport Reader Market Outlook, By Half-Page Reader (2018-2027) ($MN)  
13 Global Passport Reader Market Outlook, By Compact Full Page Reader (2018-2027) ($MN) 
14 Global Passport Reader Market Outlook, By Portable Readers (2018-2027) ($MN)  
15 Global Passport Reader Market Outlook, By Sector (2018-2027) ($MN)   
16 Global Passport Reader Market Outlook, By Public (2018-2027) ($MN)   
17 Global Passport Reader Market Outlook, By Private (2018-2027) ($MN)   
18 Global Passport Reader Market Outlook, By Government (2018-2027) ($MN)  
19 Global Passport Reader Market Outlook, By Document Format (2018-2027) ($MN)  
20 Global Passport Reader Market Outlook, By ID-1 Format (2018-2027) ($MN)  
21 Global Passport Reader Market Outlook, By ID-2 Format (2018-2027) ($MN)  
22 Global Passport Reader Market Outlook, By ID-3 Format (2018-2027) ($MN)  
23 Global Passport Reader Market Outlook, By Application (2018-2027) ($MN)  
24 Global Passport Reader Market Outlook, By Border Control (2018-2027) ($MN)  
25 Global Passport Reader Market Outlook, By Airport Security (2018-2027) ($MN)  
26 Global Passport Reader Market Outlook, By End User (2018-2027) ($MN)   
27 Global Passport Reader Market Outlook, By Travel Agencies (2018-2027) ($MN)  
28 Global Passport Reader Market Outlook, By Banks (2018-2027) ($MN)   
29 Global Passport Reader Market Outlook, By Rental Car Companies (2018-2027) ($MN) 
30 Global Passport Reader Market Outlook, By Police (2018-2027) ($MN)   
31 Global Passport Reader Market Outlook, By Immigration Services (2018-2027) ($MN) 
32 Global Passport Reader Market Outlook, By Hotels & Casinos (2018-2027) ($MN)  
33 Global Passport Reader Market Outlook, By Train/ Bus Terminals (2018-2027) ($MN) 
34 Global Passport Reader Market Outlook, By Corporates (Employee Vetting) (2018-2027) ($MN)
35 Global Passport Reader Market Outlook, By Border Control Applications & Social Security (2018-2027) ($MN)
36 Global Passport Reader Market Outlook, By Passport Issuing & VISA application (2018-2027) ($MN)
37 Global Passport Reader Market Outlook, By Harbours and Airports (2018-2027) ($MN) 
          
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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