The Europe passport reader market was valued at US$ 39.40million in 2019 and is projected to reach US$ 71.82million by 2027; it is expected to grow at a CAGR of 8.2% from 2020 to 2027.
The growth of themarket is this region is mainly attributed to theincrease in number of tourists travelling to Europe. Also, rise in the activities to expand the existing airports and construct the new ones is likely to drive the passport reader market in Europe during the forecast period.
The fashion, financial, and manufacturing industries in France, the UK, and Germany, respectively, continue to concentrate on attracting several international business engagements, trade fairs, and exhibitions, among others. This has led to the wide adoption of passport reader devices and products across prominent hotels, private resorts, and other travel agencies for seamless verifications and security of their customers.
The detailed report on the Europe passport reader market includes inventory and volume analysis, top-selling items, revenue and profit margin optimization, and staffing needs. With this, vendors can attract new customers and expand their footprints in emerging markets. The Europe passport reader market is expected to grow at a good CAGR during the forecast period from 2020 to 2027.
Rest of Europe Passport Reader Market Revenue and Forecasts to 2027 (US$ Million)
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Europe Passport Reader Market–Segmentation
Europe PassportReaderMarket,byTechnology
- RFID
- Barcode
- OCR
Europe PassportReaderMarket,byType
- Swipe Readers
- Self-Service Kiosks
- Compact Full-Page Readers
- Portable Readers
Europe Passport Reader Market, by Application
- Airport Security
- Border Control
- Others
Europe Passport Reader Market, by Sector
- Public
- Private
Europe Passport Reader Market,by Country
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Europe Passport Reader Market-Companies Mentioned
- Adaptive Recognition Hungary, Inc.
- Thales Group
- Access Ltd
- DESKO GmbH
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Technology, Type, Application, Sector, and Country
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
UK, Germany, France, Italy, Russia
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Passport Reader Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Europe
4.3 Ecosystem Analysis
5. Passport Reader Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rise in International Tourism Industry
5.1.2 Rise in Number of Global Air Passengers
5.1.3 Rise in Number of Immigrants
5.2 Market Restraints
5.2.1 Implementing facial recognition technology for passport verification
5.3 Market Opportunities
5.3.1 Rise in Passport Forgery
5.4 Future Trends
5.4.1 Integration of , mobile passport scanning integrated with Mobile OCR
5.5 Impact Analysis of Drivers and Restraints
6. Passport Reader – Europe Market Analysis
6.1 Passport Reader Market Overview
6.2 Passport Reader Market – Revenue, and Forecast to 2027 (USD Million)
7. Passport Reader Market Analysis – By Technology
7.1.1 Overview
7.1.2 Passport Reader Market Breakdown, by Technology, 2019 & 2027
7.2 RFID
7.2.1 Overview
7.2.2 RFID: Passport Reader Market – Revenue and Forecast to 2027 (US$ Million)
7.3 Barcode
7.3.1 Overview
7.3.2 Barcode: Passport Reader Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Optical Character Recognition (OCR)
7.4.1 Overview
7.4.2 Optical Character Recognition (OCR): Passport Reader Market – Revenue and Forecast to 2027 (US$ Million)
8. Passport Reader Market Analysis – By Type
8.1 Overview
8.2 Passport Reader Market Breakdown, by Type, 2019 & 2027
8.3 Swipe Readers
8.3.1 Overview
8.3.2 Swipe Readers: Passport Reader Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Self-Service Kiosks
8.4.1 Overview
8.4.2 Self-Service Kiosks: Passport Reader Market – Revenue and Forecast to 2027 (US$ Million)
8.5 Compact Full-Page Readers
8.5.1 Overview
8.5.2 Compact Full-Page Readers: Passport Reader Market – Revenue and Forecast to 2027 (US$ Million)
8.6 Portable Readers
8.6.1 Overview
8.6.2 Portable Readers: Passport Reader Market – Revenue and Forecast to 2027 (US$ Million)
9. Passport Reader Market Analysis – By Application
9.1 Overview
9.2 Passport Reader Market Breakdown, by Application, 2019 & 2027
9.3 Airport Security
9.3.1 Overview
9.3.2 Airport Security: Passport Reader Market – Revenue and Forecast to 2027 (US$ Million)
9.4 Border Control
9.4.1 Overview
9.4.2 Border Control: Passport Reader Market – Revenue and Forecast to 2027 (US$ Million).
9.5 Other Applications
9.5.1 Overview
9.5.2 Other Applications: Passport Reader Market – Revenue and Forecast to 2027 (US$ Million)
10. Passport Reader Market Analysis – By Sector
10.1 Overview
10.2 Passport Reader Market Breakdown, by Sector, 2019 & 2027
10.3 Public Sector
10.3.1 Overview
10.3.2 Public Sector: Passport Reader Market – Revenue and Forecast to 2027 (US$ Million)
10.4 Private Sector
10.4.1 Overview
10.4.2 Private Sector: Passport Reader Market – Revenue and Forecast to 2027 (US$ Million)
11. Passport Reader Market – Country Analysis
11.1 Europe: Passport Reader Market
11.1.1 Europe: Passport Reader Market, by Key Country
11.1.1.1 UK: Passport Reader Market – Revenue, and Forecast to 2027 (USD Million)
11.1.1.1.1 UK: Passport Reader Market, by Technology
11.1.1.1.2 UK: Passport Reader Market, by Type
11.1.1.1.3 UK: Passport Reader Market, by Application
11.1.1.1.4 UK: Passport Reader Market, by Sector
11.1.1.2 Germany: Passport Reader Market – Revenue, and Forecast to 2027 (USD Million)
11.1.1.2.1 Germany: Passport Reader Market, by Technology
11.1.1.2.2 Germany: Passport Reader Market, by Type
11.1.1.2.3 Germany: Passport Reader Market, by Application
11.1.1.2.4 Germany: Passport Reader Market, by Sector
11.1.1.3 France: Passport Reader Market – Revenue, and Forecast to 2027 (USD Million)
11.1.1.3.1 France: Passport Reader Market, by Technology
11.1.1.3.2 France: Passport Reader Market, by Type
11.1.1.3.3 France: Passport Reader Market, by Application
11.1.1.3.4 France: Passport Reader Market, by Sector
11.1.1.4 Italy: Passport Reader Market – Revenue, and Forecast to 2027 (USD Million)
11.1.1.4.1 Italy: Passport Reader Market, by Technology
11.1.1.4.2 Italy: Passport Reader Market, by Type
11.1.1.4.3 Italy: Passport Reader Market, by Application
11.1.1.4.4 Italy: Passport Reader Market, by Sector
11.1.1.5 Russia: Passport Reader Market – Revenue, and Forecast to 2027 (USD Million)
11.1.1.5.1 Russia: Passport Reader Market, by Technology
11.1.1.5.2 Russia: Passport Reader Market, by Type
11.1.1.5.3 Russia: Passport Reader Market, by Application
11.1.1.5.4 Russia: Passport Reader Market, by Sector
11.1.1.6 Rest of Europe: Passport Reader Market – Revenue, and Forecast to 2027 (USD Million)
11.1.1.6.1 Rest of Europe: Passport Reader Market, by Technology
11.1.1.6.2 Rest of Europe: Passport Reader Market, by Type
11.1.1.6.3 Rest of Europe: Passport Reader Market, by Application
11.1.1.6.4 Rest of Europe: Passport Reader Market, by Sector
12. Impact of COVID-19 Pandemic on Europe Passport Reader Market
12.1 Overview
12.1.1 Europe
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 New Product Development
13.4 Merger and Acquisition
14. Company Profiles
14.1 Adaptive Recognition Hungary, Inc.
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Thales Group
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Access Ltd
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 DESKO GmbH
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Regula
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. Passport Reader Market – Revenue, and Forecast to 2027 (USD Million)
Table 2. Europe Passport Reader Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 3. Europe Passport Reader Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 4. Europe Passport Reader Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 5. Europe Passport Reader Market, by Sector – Revenue and Forecast to 2027 (USD Million)
Table 6. UK Passport Reader Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 7. UK Passport Reader Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 8. UK: Passport Reader Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 9. UK: Passport Reader Market, by Sector – Revenue and Forecast to 2027 (USD Million)
Table 10. Germany: Passport Reader Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 11. Germany: Passport Reader Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 12. Germany: Passport Reader Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 13. Germany: Passport Reader Market, by Sector – Revenue and Forecast to 2027 (USD Million)
Table 14. France: Passport Reader Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 15. France: Passport Reader Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 16. France: Passport Reader Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 17. France: Passport Reader Market, by Sector – Revenue and Forecast to 2027 (USD Million)
Table 18. Italy: Passport Reader Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 19. Italy: Passport Reader Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 20. Italy: Passport Reader Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 21. Italy: Passport Reader Market, by Sector – Revenue and Forecast to 2027 (USD Million)
Table 22. Russia: Passport Reader Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 23. Russia: Passport Reader Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 24. Russia: Passport Reader Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 25. Russia: Passport Reader Market, by Sector – Revenue and Forecast to 2027 (USD Million)
Table 26. Rest of Europe: Passport Reader Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 27. Rest of Europe: Passport Reader Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 28. Rest of Europe: Passport Reader Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 29. Rest of Europe: Passport Reader Market, by Sector – Revenue and Forecast to 2027 (USD Million)
Table 30. List of Abbreviation
LIST OF FIGURES
Figure 1. Passport Reader Market Segmentation
Figure 2. Passport Reader Market Segmentation – By Country
Figure 3. Europe Passport Reader Market Overview
Figure 4. Passport Reader Market, By Technology
Figure 5. Passport Reader Market, By Application
Figure 6. Passport Reader Market, By Type
Figure 7. Europe – PEST Analysis
Figure 8. Ecosystem Analysis
Figure 9. Passport Reader Market Impact Analysis of Drivers and Restraints
Figure 10. Europe: Passport Reader Market – Revenue and Forecast to 2027 (USD Million)
Figure 11. Passport Reader Market Breakdown, by Technology (2019 and 2027)
Figure 12. RFID: Passport Reader Market – Revenue and Forecast to 2027(US$ Million)
Figure 13. Barcode: Passport Reader Market – Revenue and Forecast to 2027(US$ Million)
Figure 14. Optical Character Recognition (OCR): Passport Reader Market – Revenue and Forecast to 2027(US$ Million)
Figure 15. Passport Reader Market Breakdown, by Type (2019 and 2027)
Figure 16. Swipe Readers: Passport Reader Market – Revenue and Forecast to 2027(US$ Million)
Figure 17. Self-Service Kiosks: Passport Reader Market – Revenue and Forecast to 2027(US$ Million)
Figure 18. Compact Full-Page Readers: Passport Reader Market – Revenue and Forecast to 2027(US$ Million)
Figure 19. Portable Readers: Passport Reader Market – Revenue and Forecast to 2027(US$ Million)
Figure 20. Passport Reader Market Breakdown, by Application (2019 and 2027)
Figure 21. Airport Security: Passport Reader Market – Revenue and Forecast to 2027(US$ Million)
Figure 22. Border Control: Passport Reader Market – Revenue and Forecast to 2027(US$ Million)
Figure 23. Other Applications: Passport Reader Market – Revenue and Forecast to 2027(US$ Million)
Figure 24. Passport Reader Market Breakdown, by Sector (2019 and 2027)
Figure 25. Public Sector: Passport Reader Market – Revenue and Forecast to 2027(US$ Million)
Figure 26. Private Sector: Passport Reader Market – Revenue and Forecast to 2027(US$ Million)
Figure 27. Europe: Passport Reader Market Revenue Share, by Key Country (2019 and 2027)
Figure 28. UK: Passport Reader Market – Revenue, and Forecast to 2027 (USD Million)
Figure 29. Germany: Passport Reader Market – Revenue, and Forecast to 2027 (USD Million)
Figure 30. France: Passport Reader Market – Revenue, and Forecast to 2027 (USD Million)
Figure 31. Italy: Passport Reader Market – Revenue, and Forecast to 2027 (USD Million)
Figure 32. Russia: Passport Reader Market – Revenue, and Forecast to 2027 (USD Million)
Figure 33. Rest of Europe: Passport Reader Market – Revenue, and Forecast to 2027 (USD Million)
Figure 34. Impact of COVID-19 Pandemic in Europe Country Markets
The List of Companies - Europe Passport Reader Market
- Adaptive Recognition Hungary, Inc.
- Thales Group
- Access Ltd
- DESKO GmbH
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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