Passport Reader Market to Grow at a CAGR of 7.7% to reach USD 374.56 Million from 2020 to 2027

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Passport Reader Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Technology (RFID, Barcode, and OCR); Type (Swipe Readers, Self-Service Kiosks, Compact Full-Page Readers, and Portable Readers); Application (Airport Security, Border Control, and Other Applications); Sector (Public and Private)

Publication Month: May 2020 | Report Code: TIPRE00010291 | No. of Pages: 180 | Category: Electronics and Semiconductor | Status: Published

The passport reader market was valued at USD 211.67 million in 2019 and is projected to reach USD 374.56 million by 2027; it is expected to grow at a CAGR of 7.7% from 2020 to 2027.

The increasing spending on the adoption of advanced technologies and security devices in developing, as well as developed, countries drives the demand for passport readers. The governments of different countries are taking significant steps to boost the security and authentication measures at airports and cross-country land/marine borders with the use of electronic devices such as passport readers. Additionally, continuous emphasis on the construction of new airports and expansion of existing airports is also instigating the demand for passport readers.

Border-control requirements worldwide are exceptionally diverse, with certain borders equipment with fixed control systems in airports or posts on roads, and several border control measures are taken in a mobile manner on ships and trains, or by monitoring pedestrians. It outstretches the requisite for an integrated portable reader capable of taking care of all measures of immigration procedures, such as read varied ID documents, obtain biometrics, and connect to remote databases. Additionally, passport checks are an essential security measures for several businesses and institutions. In several instances, passports are the most appropriate document to collect necessary customer information. Also, in some cases, they are mandatory by law, and the collected data must be shared with local authorities. As manual checking of passports is a tedious task in some businesses, the use of dedicated passport readers is preferred. In such cases, mobile passport scanning, integrated with Mobile OCR is an ideal alternative. Thus, increase in adoption rate of mobile passport scanning devices is foreseen to catalyze the passport reader market size.

North America dominated the global passport reader market in 2019; further, the US dominated the North American market in that year. The growth of the market in this country is majorly attributed to the adoption of technologically advanced border securing technologies by the Department of Homeland Security (DHS), including passport readers. The country has significantly high number of airports, which regularly cater to noteworthy number of international passengers (both arrival and departure). This factor has led the airport authorities and security authorities to implement and deploy advanced passport reading technologies, to safeguard the country from illegal immigrants. Further, the rising deployments of passport readers among hotels, banks, and travel agencies are boosting the growth of passport reader market.

Impact of COVID-19 Pandemic on Passport Reader Market

Tourism is one of the industries relying heavily on aviation. By facilitating tourism, air transport helps generate economic growth and alleviate poverty. ~1.4 billion tourists cross borders every year, and over half of them travel to their destinations by air. According to ICAO, the outbreak of COVID 19 is anticipated to result in an overall reduction of 1,878 to 3,227 million air passengers worldwide in 2020. Also, as per the UNWTO, the international tourism is expected to decline from US$ 910 to 1,170 billion in 2020, in comparison to the US$ 1.5 trillion generated in 2019, owing to travel restrictions. These statistics are expected to reduce the adoption of passport readers across the application areas, which is anticipated to slowdown the growth of passport reader market through 2020.

Lucrative Regions for Passport Reader Market

Lucrative Regions for Passport Reader Market

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Market Insights

Increase in Passport Forgery

In the last few years, passport forgery incidences have surged to a great extent, thus threatening national security. For this, the US Department of State’s law enforcement arm and DS Service have appointed special agents to identify fake passports as well as coordinate with over 160 countries for investigation resolutions. A number of cases were detected concerning the forging of passports worldwide. The border control authorities, as well as airport officials, have installed passport readers that can test the originality of the document. Moreover, the upcoming e-passports are facilitating to eliminate the forgery of the documents. These passports have a chip with stored data of traveler, which can be checked at the time of check-in through passport readers. These innovative security features are expected to prevent unlawful activities of generating fake documents. Migration to e-passport has been in progress since 2005, and over 150 states in the US started issuing e-passports in mid-2019. The increase in deployment of passport readers and issuing of e-passports is expected to mitigate the threat from forged passport, which is expected to drive the passport reader market.

Technology-Based Market Insights

Based on technology, the global passport reader market is segmented into RFID, barcode, and OCR. The passport reader manufactures worldwide are robustly focusing on the development and integration of advance technologies with the passport readers. The growing demand for technologically advanced devices for reading and capturing data from images, printed text in machine-encoded text, scanned document, and document photograph is boosting the passport reader market globally.

Type-Based Market Insights

Based on type, the global passport reader market is segmented into swipe reader, self-service kisosk, compact full-page reader, portable reader. The mounting technological advancements and growing trend of e-passport is boosting the adoption of passport readers. The rising demand of chip-embedded passports as well as biometric passport readers that confer a higher level of security and guarantee efficient as well as error-free identity authentication at airports, immigration points, ferry and cruise liner ports and stops, hotels and border security, among others

Application-Based Market Insights

Based on application, the global passport reader market is segmented into airport security, border control, and others. The increasing need for the authentication of the passports at airport check-in points, immigration points, border check-points, and hotels is also anticipated to fuel the growth of passport reader market over the forecast period. The escalating terrorism activities and increasing cross-border travels are leading to the high demand for passport readers.

Passport Reader Market, by Application – 2019 and 2027

Passport Reader Market, by Application – 2019 and 2027

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Sector - Based Market Insights

The increasing deployment of self-service kiosks at airports check-in for handling airline passenger traffic, as well as avoiding delays in passenger management, are driving the growth of the market for the public sector. The growing number of immigrants in countries such as Germany and Australia are also producing considerable demand for the implementation of passport readers in the public and private sectors.

Strategic Insights

Report Coverage - Passport Reader Market
Report CoverageDetails
Market Size Value inUS$ 211.67 Million in 2019
Market Size Value byUS$ 374.56 Million by 2027
Growth rateCAGR of 7.7% from 2020-2027
Forecast Period2020-2027
Base Year2020
No. of Pages180
No. of Tables110
No. of Charts & Figures91
Historical data availableYes
Segments coveredTechnology ; Type ; Application ; Sector
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
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Product development is the commonly adopted strategy by companies to expand their product portfolio. Regula, DESKO GmbH, Thales Group, and Access Ltd., are among the key players implementing this strategy to enlarge the customer base and gain significant share in the passport reader market, which, in turn, enables them maintain brand name in the global market.

Passport Reader Market Segmentation:

By Technology

  • RFID
  • Barcode
  • OCR

By Type

  • Swipe Reader
  • Self-service Kiosks
  • Compact Full-page Readers
  • Portable Reader

By Application

  • Airport Security
  • Border Control
  • Other Application

By Sector

  • Public
  • Private

Company Profiles

  • Access Ltd
  • ARH Inc.
  • Beijing Wintone Science & Technology Co., Ltd.
  • DESKO GmbH
  • Thales Group
  • IER SAS
  • Regula
  • Shenzhen Rakinda Technology Co., Ltd.
  • Lintech Enterprises Limited
  • Veridos GmbH

Frequently Asked Questions

The growth of the passport reader market is primarily attributed to increasing number of outbound tourists and surging number of immigrants. Moreover, the growing construction and expansion activities of new airports worldwide is likely to boost the growth of the market.
The passport reader market is poised to soar during the forecast period, owing to the increasing passport forgery. A number of cases were detected concerning the forging of passports worldwide. The border control authorities, as well as airport officials, have installed passport readers that can test the originality of the document. Moreover, the upcoming e-passports are facilitating to eliminate the forgery of the documents.
RFID technology is dominating the in the technology segment and is expected to dominate the market in the forecast period as with the help of RFID readers, the RFID technology empowers wireless data collection from electronic tags that are embedded in entities used for identification, security, and other purposes. The RFID reader comprises a smart combination of an optical reader with a contactless reader that is used to read RFID documents such as ePassport, eID, and other ICAO eDocument, with or without Basic Access Control (BAC) features. These readers are easily integrated with the self-check-in desks, displays, e-Gates, kiosks, or any automated access control terminal. Therefore, the demand for RFID readers has increased exponentially owing to its growing application across various sectors.

The List of Companies - Passport Reader Market

  1. Access Ltd
  2. Adaptive Recognition Hungary, Inc.
  3. Bejing Wintone Science & Technology Co. Ltd.
  4. DESKO GmbH
  5. IER SAS
  6. Lintech Enterprises Limited
  7. Regula
  8. Shenzhen Rakinda Technologies Co., Ltd.
  9. Thales Group
  10. Veridos GmbH
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