Report : Asia Pacific Passport Reader Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Technology (RFID, Barcode, and OCR); Type (Swipe Readers, Self-Service Kiosks, Compact Full-Page Reader, and Portable Readers); Application (Airport Security, Border Control, and Others); Sector (Public and Private); and Country
RFID tobe Dominating Technology in Asia-Pacific Passport Reader Marketduring 2020–2027
According to our new market research study on “Asia-PacificPassport Reader Marketto 2027 – Regional Analysis and Forecast – by Technology, Type, Application, and Sector,”the market is expected to reach US$ 116.77 million by 2027 from US$ 57.07 million in 2019; it is estimated to grow at a CAGR of 9.8% from 2020 to 2027. The modern day airports in Asia-Pacific have enhanced arrangementswith the availability of passport readers, car rental service stations, and hotels, among others. The e-passports create highly secure and interoperable infrastructure for traveling globally. Moreover,these passports help decreasewaiting time, and airports can offer self-service kiosks for passengers to self-verify. The increase in the use of e-passports is expected to propel the demand for passport readers in Asia-Pacific during the forecast period.
The passport reader market, by technology, is segmented into RFID, barcode, and optical character recognition (OCR). RFID readers facilitate wireless data collection with the use of electronic tags rooted in entities used for identification, security, and other purposes. The RFID systems comprise software, database, and networking components that allow the transmission of information from tags to the information infrastructure of administrationdepartment where the data is stored and processed. At airports, the authority deploys RFID passport readers for better capturing and storing data with enhanced security.
Thales Group, Access Ltd, Adaptive Recognition Hungary Inc, and DESKO GmnH are among the leading companies in the Asia-Pacificpassport readermarket. The key passport reader companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. In 2020, Regula cooperated with Present Technologies to help launch SEF Mobile application. On the back of the incorporation of Regula Document Reader SDK into the app, SEF Mobile allows reliable document authentication merely with the use of smartphones, without physically handling and touching the document while checking. This app was designed and developed by the Portuguese Immigration and Borders Service (SEF) as a response to the new demand for more efficient and fast border control checks, enforced by new migration policies.
The report segments the Asia-Pacific Passport Reader market as follows:
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