Emergence of E-passports to Drive Covid-19 Impact on Passport Reader Market

Market Overview

The global Covid-19 Impact on Passport Reader Market is anticipated to witness moderate growth over the forecast period, as per the most recent MRFR report. Such growth can be accredited to the mushrooming immigrants, mounting need for authentication of passports and an ascending adoption of e-passports. However, high cost of implementation and technical issues are anticipated to restrict the growth of the Covid-19 Impact on Passport Reader Market. the global Covid-19 Impact on Passport Reader Market is anticipated to reach a market valuation of USD 279.50 million by 2023, at 8.67% CAGR by 2023.

Passport forgery has risen in the past couple of years, which has led to threatened national security. The US Department of State has recently deployed special agents for the identification of fake passports and to coordinate with more than 160 countries for the purpose of investigation. Under this ongoing investigation, thousands of cases have already been found which are related to passport forgery, globally. Moreover, the border control authorities have adopted passport readers, to test the originality of document, driving the global Covid-19 Impact on Passport Reader Market.

Additionally, the upcoming e-passports have provided help in the eradication of forgery of such documents by holding a chip where the data of the traveler is stored and can be read at any time of check-in. This, is expected to help in the prevention of unlawful activities of producing fake documents. Such rising e-passports adoption has supplemented the demand for passport readers at hotels, airport terminals, as well as car rental services. Such e-passports reduce the waiting time and also benefit the users, along with maintaining the security of the nation.

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Market Segmentation

The global Covid-19 Impact on Passport Reader Market has been segmented in the report for a clearer perspective on the landscape. Such segmentation has been carried out by application, type, technology, sector, and region. By technology, the Covid-19 Impact on Passport Reader Market is segmented into RFID, OCR, and Barcode. By type, the market is segmented into self-service kiosk, swipe readers, and compact full-page reader. By application, the global Covid-19 Impact on Passport Reader Market is segmented into border control and airport security. By sector, the Covid-19 Impact on Passport Reader Market has been studied for the segments of private, public, and government.

Key Players

Some prominent players in the global Covid-19 Impact on Passport Reader Market, as profiled by Market Research Future (MRFR) in its latest report, include 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.

Detailed Regional Analysis

The global Covid-19 Impact on Passport Reader Market is segmented into the regions of North America, Asia Pacific, Europe, and Rest of the World. North America’s Covid-19 Impact on Passport Reader Market is studied for the sub-segments of the US, Canada, and Mexico. Europe has been studied for the sub-segments of France, the UK, Spain, Germany, Italy, and Rest of Europe. Asia Pacific is also sub-segmented into South Korea, India, China, Japan, Australia, Singapore, Malaysia, Taiwan, Thailand, and Rest of Asia Pacific.

North America is estimated to hold a dominant share of the global Covid-19 Impact on Passport Reader Market during the forecast period. This can be accredited to the usage of e-passports and rising number of air passengers who are travelling internationally. Hence, airport and border control officials have started a deployment of passport readers to maintain a smooth flow of passengers.

Asia Pacific is also expected to witness fast-paced ascension in the passport readers market. This is because Asia Pacific is the hub of semiconductors, which in turn has led to many vital market vendors and manufacturers of passport readers in the region. Asia Pacific is witnessing the fastest growth in the global Covid-19 Impact on Passport Reader Market.

LIST OF TABLES

TABLE 1 GLOBAL COVID-19 IMPACT ON PASSPORT READER MARKET, BY TECHNOLOGY, 2017-2023 (USD MILLION)

TABLE 2 GLOBAL COVID-19 IMPACT ON PASSPORT READER MARKET, BY TYPE, 2017-2023 (USD MILLION)

TABLE 3 GLOBAL COVID-19 IMPACT ON PASSPORT READER MARKET, BY APPLICATION, 2017-2023 (USD MILLION)

TABLE 4 GLOBAL COVID-19 IMPACT ON PASSPORT READER MARKET, BY SECTOR, 2017-2023 (USD MILLION)

TABLE 5 GLOBAL COVID-19 IMPACT ON PASSPORT READER MARKET, BY REGION, 2017-2023 (USD MILLION)

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LIST OF FIGURES

FIGURE 1 TOP DOWN & BOTTOMUP APPROACH

FIGURE 2 FORECAST MODEL

FIGURE 3 DROC OF GLOBAL COVID-19 IMPACT ON PASSPORT READER MARKET RESEARCH REPORT: FORECAST TO 2023

FIGURE 4 SUPPLY CHAIN ANALYSIS

FIGURE 5 PORTER’S FIVE FORCES ANALYSIS OF GLOBAL COVID-19 IMPACT ON PASSPORT READER MARKET

Continued…….

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