Europe Passport Reader Market is expected to reach US$ 71.82million by 2027


PRESS RELEASE BY The Insight Partners 14 Jul 2020

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RFID Technology to Dominate Europe Passport Reader Marketduring 2020–2027

 

According to our new market research study on “Europe Passport reader Marketto 2027 – Regional Analysis and Forecast by Technology, Type, Application, and Sector,”the market is expected to reach US$ 71.82 million by 2027 from US$ 39.40 million in 2019; it is estimated to grow at a CAGR of 8.2% from 2020 to 2027.The international tourism industry in Europe is rising at a notable rate.With the increase in number of international tourists, airports in European countries are deploying systems to ensure an additional level of security,along with increasing the number of gates to handle air passenger traffic. The rise in international tourists in the region is likely to boost the demand for passport readers in the coming years.

 

The passport reader market, by technology, is segmented into RFID, barcode, and OCR (Optical Character Recognition).RFID readers enables wireless data collection with the use of electronic tags embedded in entities used for identification, security, and other purposes. The RFID systems comprise software, database, and networking components that allow information transmission 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 theEurope passport readermarket. These companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. In 2019, Access-IS integrated its OCR310e OCR OEM engine into Aratek Marshall, its recently launched all-in-one mobile identification and authentication solution. Aratek is devoted to offer cost-effective products and solutions for corporates and governments with sophisticated end-to-end product portfolio,including offerings ranging from fingerprint scanners and multifunctional biometrics terminals to software.

 

Europe: Passport Reader  Market, By Country, 2019 and 2027

Europe: Passport Reader  Market, By Country, 2019 and 2027

Europe Passport Reader Market 2027 Technology, Type, Application, Sector, and Country | The Insight Partners

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Europe 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


 

The report segments the Europe Passport Reader market as follows:

 

By Technology

  • RFID
  • Barcode
  • OCR


By Type

  • Swipe Readers
  • Self-Service Kiosks
  • Compact Full-Page Readers
  • Portable Readers

 

By Application

  • Airport Security
  • Border Control
  • Others

 

By Type

  • Public
  • Private

 

By Country

  • Germany
  • France
  • Italy
  • UK
  • Russia
  • Rest of Europe

 

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