The passport reader market size was valued at US$ 212.40 million in 2022 and is projected to reach US$ 310.17 million by 2028; it is expected to grow at a CAGR of 6.5% from 2022 to 2028.
The increasing spending on the adoption of advanced technologies and security devices in developing and developed countries is driving the demand for passport readers. 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, the continuous emphasis on the construction of new airports and expansion of existing airports are also fueling the demand for passport readers, and therefore driving the passport reader market.
The key factors bolstering the passport reader market growth include surging immigrant population, rising adoption of e-passports, and increasing international air passenger traffic worldwide. Moreover, advancement in technologies, including OCR, is expected to boost the demand for passport readers.
Border control requirements are exceptionally diverse, with certain borders fixed in airports or posts on roads, and several border control measures take place in a mobile manner on ships, trains or by monitoring pedestrians. It outstretched the requisite for an integrated portable reader capable of completing all measures of immigration procedures, such as reading varied ID documents, obtaining biometrics, and connecting to remote databases.
Additionally, passport checks are an essential security measure for several businesses and institutions. In some instances, a passport is the most appropriate document to collect necessary customer information. Also, in some cases, passports 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, they prefer using dedicated passport readers. In such cases, mobile passport scanning integrated with Mobile optical character recognition (OCR) is an ideal alternative. Thus, increase in adoption rate of mobile passport scanning devices is foreseen to catalyze the passport reader market size.
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Passport Reader Market: Strategic Insights
Market Size Value in US$ 212.40 Million in 2022 Market Size Value by US$ 310.17 Million by 2028 Growth rate CAGR of 6.5% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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Passport Reader Market: Strategic Insights
| Market Size Value in | US$ 212.40 Million in 2022 |
| Market Size Value by | US$ 310.17 Million by 2028 |
| Growth rate | CAGR of 6.5% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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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.
Lockdowns imposed by the governments resulted in a huge impact on the air travel industry. The European region closed its borders to prevent the spread of COVID-19, essentially discontinuing travel between countries. The ACI Europe estimated a loss of ~US$ 22.2 billion due to the decline of ~900 million passenger visits in the region in 2020. Further, according to World Tourism Organization, international arrivals declined by 70% in 2020. This led to a drastic decline in the demand for passport readers, thereby severely affecting passport reader market in the region. However, with the relaxation of lockdown measures in 2021, operations resumed in international travels. Therefore, the demand for passport readers is expected to escalate in the upcoming years. According to the World Tourism Organization (UNWTO), Europe rebounded the international tourism, reaching 81% of pre-pandemic levels in September 2022.
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Market Insights
Increase in Passport Forgery
In the last few years, passport forgery incidents have surged to a great extent, thus, threatening national security. To handle this, the US Department of State’s law enforcement arm and DS Service have appointed special agents to identify fake passports and coordinate with over 160 countries for investigation resolutions. Several cases were detected concerning the forging of passports worldwide. Hence, border control authorities and airport officials have installed passport readers that can test the originality of the document. Moreover, the upcoming e-passports are facilitating in eliminating the forgery of documents. These passports have a chip with stored data of travelers, 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-passports has been in progress since 2005, and over 150 states in the US started issuing e-passports in mid-2019. The increase in the deployment of passport readers and issuing of e-passports is expected to mitigate the threat of forged passports, 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. Passport reader manufacturers worldwide are focusing on the development and integration of advanced technologies. The growing demand for technologically advanced devices for reading and capturing data from images, printed text in machine-encoded text, scanned documents, and document photographs is boosting the passport reader market growth globally. Smart Engine offers OCR passport reading solutions that are integrated with systems like passport scanners and tour booking applications for easy and automatic passport reading. The company also launched its solutions in Kazakhstan in 2021, which provided lucrative opportunities for the company to explore new markets.
The passport reader market is segmented based on type, technology, application, end user, and geography. Based on technology, the market is segmented into RFID, barcode, and OCR. Based on type, the passport reader market size is segmented into swipe readers, self-service kiosks, compact full-page readers, and portable readers. Based on application, the passport reader market analysis is categorized into airport security, border control, and others. Based on sector, the market is segmented into private and public. Based on geography, the passport reader market is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America.
Access Ltd; ARH Inc.; Beijing Wintone Science & Technology Co., Ltd.; DESKO GmbH; Thales Group; IER SAS; Regula Forensics Inc.; Shenzhen Rakinda Technology Co., Ltd.; Lintech Enterprises Limited; and Veridos GmbH are among the key passport reader market players.
Product development is the commonly adopted strategy by companies to expand their product portfolio. The key passport reader market players are implementing this strategy to expand the customer base and gain a significant share in the passport reader market, which, in turn, enables them to maintain their brand name in the global market. For instance:
- In October 2022, Bejing Wintone Science & Technology Co. Ltd. announced the launch of a new passport reader device integrated with face recognition technology for the e-gate application. It can recognize any document in compliance with ICAO 9303.
- In October 2022, DESKO GmbH announced the launch of a new PENTA Scanner 4X Cube. It is better, faster, and more efficient than the company's other scanners, which can scan all the documents needed.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Technology, Type, Application, and Sector
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, UAE, UK, US
Frequently Asked Questions
Canada, France, India, Saudi Arabia, and rest of SAM are the countries registering high growth rate during the forecast period.
RFID technology is dominated the technology segment in 2022 and is expected to dominate the market in the forecast period. 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 global passport reader market is expected to be valued at US$ 212.40 Mn in 2022
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. Several 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.
The key players of passport reader market are encompassed with Access Ltd, ARH Inc., Beijing Wintone Science & Technology Co., Ltd., DESKO GmbH, Thales Group, IER SAS, Regula Forensics Inc., Shenzhen Rakinda Technology Co., Ltd., Lintech Enterprises Limited, and Veridos GmbH.
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 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Passport Reader Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Number of Outbound Tourists
5.1.2 Growing Construction and Expansion Activities of New Airports Worldwide
5.1.3 Surging Number of International Immigrants
5.2 Market Restraints
5.2.1 Use of Facial Recognition Technology to Eliminate Multiple Security Checks
5.3 Market Opportunities
5.3.1 Increasing Passport Forgery
5.4 Future Trends
5.4.1 Use of Mobile Passport Scanners
5.5 Impact Analysis of Drivers and Restraints
6. Passport Reader Market – Global Market Analysis
6.1 Global Passport Reader Market Overview
6.2 Global Passport Reader Market Revenue Forecast and Analysis
6.3 Market Positioning – Five Key Players
7. Passport Reader Market Revenue and Forecast to 2028 – Technology
7.1 Overview
7.2 Passport Reader Market, by Technology (2021 & 2028)
7.3 RFID
7.3.1 Overview
7.3.2 RFID: Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
7.4 Barcode
7.4.1 Overview
7.4.2 Barcode: Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
7.5 Optical Character Recognition (OCR)
7.5.1 Overview
7.5.2 Optical Character Recognition (OCR): Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
8. Passport Reader Market Revenue and Forecast to 2028 – Type
8.1 Overview
8.2 Passport Reader Market, by Type (2021 & 2028)
8.3 Swipe Readers
8.3.1 Overview
8.3.2 Swipe Readers: Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
8.4 Self-service Kiosks
8.4.1 Overview
8.4.2 Self-service Kiosks: Passport Reader Market Revenue and Forecast to 2028 (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 2028 (US$ Million)
8.6 Portable Readers
8.6.1 Overview
8.6.2 Portable Readers: Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
9. Passport Reader Market Revenue and Forecast to 2028 – Application
9.1 Overview
9.2 Passport Reader Market, by Application (2021 & 2028)
9.3 Airport Security
9.3.1 Overview
9.3.2 Airport Security: Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
9.4 Border Control
9.4.1 Overview
9.4.2 Border Control: Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Others: Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
10. Passport Reader Market Revenue and Forecast to 2028 – Sector
10.1 Overview
10.2 Passport Reader Market, by Sector (2021 & 2028)
10.3 Private
10.3.1 Overview
10.3.2 Private: Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
10.4 Public
10.4.1 Overview
10.4.2 Public: Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
11. Passport Reader Market – Geographic Analysis
11.1 Overview
11.2 North America: Passport Reader Market
11.2.1 North America: Passport Reader Market – Revenue and Forecast to 2028 (US$ Million)
11.2.2 North America: Passport Reader Market, by Technology
11.2.3 North America: Passport Reader Market, by Type
11.2.4 North America: Passport Reader Market, by Application
11.2.5 North America: Passport Reader Market, by Sector
11.2.6 North America: Passport Reader Market, by Country
11.2.6.1 US: Passport Reader Market – Revenue and Forecast to 2028 (US$ Million)
11.2.6.1.1 US: Passport Reader Market, by Technology
11.2.6.1.2 US: Passport Reader Market, by Type
11.2.6.1.3 US: Passport Reader Market, by Application
11.2.6.1.4 US: Passport Reader Market, by Sector
11.2.6.2 Canada: Passport Reader Market – Revenue and Forecast to 2028 (US$ Million)
11.2.6.2.1 Canada: Passport Reader Market, by Technology
11.2.6.2.2 Canada: Passport Reader Market, by Type
11.2.6.2.3 Canada: Passport Reader Market, by Application
11.2.6.2.4 Canada: Passport Reader Market, by Sector
11.2.6.3 Mexico: Passport Reader Market – Revenue and Forecast to 2028 (US$ Million)
11.2.6.3.1 Mexico: Passport Reader Market, by Technology
11.2.6.3.2 Mexico: Passport Reader Market, by Type
11.2.6.3.3 Mexico: Passport Reader Market, by Application
11.2.6.3.4 Mexico: Passport Reader Market, by Sector
11.3 Europe: Passport Reader Market
11.3.1 Europe: Passport Reader Market – Revenue, and Forecast to 2028 (US$ Million)
11.3.2 Europe: Passport Reader Market, by Technology
11.3.3 Europe: Passport Reader Market, by Type
11.3.4 Europe: Passport Reader Market, by Application
11.3.5 Europe: Passport Reader Market, by Sector
11.3.6 Europe: Passport Reader Market, by Key Country
11.3.6.1 UK: Passport Reader Market – Revenue, and Forecast to 2028 (US$ Million)
11.3.6.1.1 UK: Passport Reader Market, by Technology
11.3.6.1.2 UK: Passport Reader Market, by Type
11.3.6.1.3 UK: Passport Reader Market, by Application
11.3.6.1.4 UK: Passport Reader Market, by Sector
11.3.6.2 Germany: Passport Reader Market – Revenue, and Forecast to 2028 (US$ Million)
11.3.6.2.1 Germany: Passport Reader Market, by Technology
11.3.6.2.2 Germany: Passport Reader Market, by Type
11.3.6.2.3 Germany: Passport Reader Market, by Application
11.3.6.2.4 Germany: Passport Reader Market, by Sector
11.3.6.3 France: Passport Reader Market – Revenue, and Forecast to 2028 (US$ Million)
11.3.6.3.1 France: Passport Reader Market, by Technology
11.3.6.3.2 France: Passport Reader Market, by Type
11.3.6.3.3 France: Passport Reader Market, by Application
11.3.6.3.4 France: Passport Reader Market, by Sector
11.3.6.4 Italy: Passport Reader Market – Revenue, and Forecast to 2028 (US$ Million)
11.3.6.4.1 Italy: Passport Reader Market, by Technology
11.3.6.4.2 Italy: Passport Reader Market, by Type
11.3.6.4.3 Italy: Passport Reader Market, by Application
11.3.6.4.4 Italy: Passport Reader Market, by Sector
11.3.6.5 Russia: Passport Reader Market – Revenue, and Forecast to 2028 (US$ Million)
11.3.6.5.1 Russia: Passport Reader Market, by Technology
11.3.6.5.2 Russia: Passport Reader Market, by Type
11.3.6.5.3 Russia: Passport Reader Market, by Application
11.3.6.5.4 Russia: Passport Reader Market, by Sector
11.3.6.6 Rest of Europe: Passport Reader Market – Revenue, and Forecast to 2028 (US$ Million)
11.3.6.6.1 Rest of Europe: Passport Reader Market, by Technology
11.3.6.6.2 Rest of Europe: Passport Reader Market, by Type
11.3.6.6.3 Rest of Europe: Passport Reader Market, by Application
11.3.6.6.4 Rest of Europe: Passport Reader Market, by Sector
11.4 APAC: Passport Reader Market
11.4.1 APAC: Passport Reader Market – Revenue, and Forecast to 2028 (US$ Million)
11.4.2 APAC: Passport Reader Market, by Technology
11.4.3 APAC: Passport Reader Market, by Type
11.4.4 APAC: Passport Reader Market, by Application
11.4.5 APAC: Passport Reader Market, by Sector
11.4.6 APAC: Passport Reader Market, by Key Country
11.4.6.1 Australia: Passport Reader Market – Revenue, and Forecast to 2028 (US$ Million)
11.4.6.1.1 Australia: Passport Reader Market, by Technology
11.4.6.1.2 Australia: Passport Reader Market, by Type
11.4.6.1.3 Australia: Passport Reader Market, by Application
11.4.6.1.4 Australia: Passport Reader Market, by Sector
11.4.6.2 China: Passport Reader Market – Revenue, and Forecast to 2028 (US$ Million)
11.4.6.2.1 China: Passport Reader Market, by Technology
11.4.6.2.2 China: Passport Reader Market, by Type
11.4.6.2.3 China: Passport Reader Market, by Application
11.4.6.2.4 China: Passport Reader Market, by Sector
11.4.6.3 India: Passport Reader Market – Revenue, and Forecast to 2028 (US$ Million)
11.4.6.3.1 India: Passport Reader Market, by Technology
11.4.6.3.2 India: Passport Reader Market, by Type
11.4.6.3.3 India: Passport Reader Market, by Application
11.4.6.3.4 India: Passport Reader Market, by Sector
11.4.6.4 Japan: Passport Reader Market – Revenue, and Forecast to 2028 (US$ Million)
11.4.6.4.1 Japan: Passport Reader Market, by Technology
11.4.6.4.2 Japan: Passport Reader Market, by Type
11.4.6.4.3 Japan: Passport Reader Market, by Application
11.4.6.4.4 Japan: Passport Reader Market, by Sector
11.4.6.5 South Korea: Passport Reader Market – Revenue, and Forecast to 2028 (US$ Million)
11.4.6.5.1 South Korea: Passport Reader Market, by Technology
11.4.6.5.2 South Korea: Passport Reader Market, by Type
11.4.6.5.3 South Korea: Passport Reader Market, by Application
11.4.6.5.4 South Korea: Passport Reader Market, by Sector
11.4.6.6 Rest of APAC: Passport Reader Market – Revenue, and Forecast to 2028 (US$ Million)
11.4.6.6.1 Rest of APAC: Passport Reader Market, by Technology
11.4.6.6.2 Rest of APAC: Passport Reader Market, by Type
11.4.6.6.3 Rest of APAC: Passport Reader Market, by Application
11.4.6.6.4 Rest of APAC: Passport Reader Market, by Sector
11.5 MEA: Passport Reader Market
11.5.1 MEA: Passport Reader Market – Revenue, and Forecast to 2028 (US$ Million)
11.5.2 MEA: Passport Reader Market, by Technology
11.5.3 MEA: Passport Reader Market, by Type
11.5.4 MEA: Passport Reader Market, by Application
11.5.5 MEA: Passport Reader Market, by Sector
11.5.6 MEA: Passport Reader Market, by Key Country
11.5.6.1 Saudi Arabia: Passport Reader Market – Revenue, and Forecast to 2028 (US$ Million)
11.5.6.1.1 Saudi Arabia: Passport Reader Market, by Technology
11.5.6.1.2 Saudi Arabia: Passport Reader Market, by Type
11.5.6.1.3 Saudi Arabia: Passport Reader Market, by Application
11.5.6.1.4 Saudi Arabia: Passport Reader Market, by Sector
11.5.6.2 UAE: Passport Reader Market – Revenue, and Forecast to 2028 (US$ Million)
11.5.6.2.1 UAE: Passport Reader Market, by Technology
11.5.6.2.2 UAE: Passport Reader Market, by Type
11.5.6.2.3 UAE: Passport Reader Market, by Application
11.5.6.2.4 UAE: Passport Reader Market, by Sector
11.5.6.3 South Africa: Passport Reader Market – Revenue, and Forecast to 2028 (US$ Million)
11.5.6.3.1 South Africa: Passport Reader Market, by Technology
11.5.6.3.2 South Africa: Passport Reader Market, by Type
11.5.6.3.3 South Africa: Passport Reader Market, by Application
11.5.6.3.4 South Africa: Passport Reader Market, by Sector
11.5.6.4 Rest of MEA: Passport Reader Market – Revenue, and Forecast to 2028 (US$ Million)
11.5.6.4.1 Rest of MEA: Passport Reader Market, by Technology
11.5.6.4.2 Rest of MEA: Passport Reader Market, by Type
11.5.6.4.3 Rest of MEA: Passport Reader Market, by Application
11.5.6.4.4 Rest of MEA: Passport Reader Market, by Sector
11.6 SAM: Passport Reader Market
11.6.1 SAM: Passport Reader Market – Revenue and Forecast to 2028 (US$ Million)
11.6.2 SAM: Passport Reader Market, by Technology
11.6.3 SAM: Passport Reader Market, by Type
11.6.4 SAM: Passport Reader Market, by Application
11.6.5 SAM: Passport Reader Market, by Sector
11.6.6 SAM: Passport Reader Market, by Country
11.6.6.1 Brazil: Passport Reader Market – Revenue and Forecast to 2028 (US$ Million)
11.6.6.1.1 Brazil: Passport Reader Market, by Technology
11.6.6.1.2 Brazil: Passport Reader Market, by Type
11.6.6.1.3 Brazil: Passport Reader Market, by Application
11.6.6.1.4 Brazil: Passport Reader Market, by Sector
11.6.6.2 Argentina: Passport Reader Market – Revenue and Forecast to 2028 (US$ Million)
11.6.6.2.1 Argentina: Passport Reader Market, by Technology
11.6.6.2.2 Argentina: Passport Reader Market, by Type
11.6.6.2.3 Argentina: Passport Reader Market, by Application
11.6.6.2.4 Argentina: Passport Reader Market, by Sector
11.6.6.3 Rest of SAM: Passport Reader Market – Revenue and Forecast to 2028 (US$ Million)
11.6.6.3.1 Rest of SAM: Passport Reader Market, by Technology
11.6.6.3.2 Rest of SAM: Passport Reader Market, by Type
11.6.6.3.3 Rest of SAM: Passport Reader Market, by Application
11.6.6.3.4 Rest of SAM: Passport Reader Market, by Sector
12. Passport Reader Market - Covid-19 Impact Analysis
12.1 Overview
12.2 North America: Impact Assessment of COVID-19 Pandemic
12.3 Europe: Impact Assessment of COVID-19 Pandemic
12.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic
12.5 MEA: Impact Assessment of COVID-19 Pandemic
12.6 South America Impact Assessment of COVID-19 Pandemic
13. Passport Reader Market-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 Beijing Wintone Science & Technology Co. Ltd.
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 DESKO GmbH
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
14.6 IER SAS
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Shenzhen Rakinda Technologies Co., Ltd.
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Regula
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 VERIDOS GMBH
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Lintech Enterprises Limited
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. Share of International Migrant Population, by Region, 2020
Table 2. Global Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
Table 3. North America Passport Reader Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America Passport Reader Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. North America Passport Reader Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. North America Passport Reader Market, by Sector – Revenue and Forecast to 2028 (US$ Million)
Table 7. US Passport Reader Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 8. US Passport Reader Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. US Passport Reader Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 10. US Passport Reader Market, by Sector – Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada Passport Reader Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 12. Canada Passport Reader Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Canada Passport Reader Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 14. Canada Passport Reader Market, by Sector – Revenue and Forecast to 2028 (US$ Million)
Table 15. Mexico Passport Reader Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 16. Mexico Passport Reader Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 17. Mexico Passport Reader Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 18. Mexico Passport Reader Market, by Sector – Revenue and Forecast to 2028 (US$ Million)
Table 19. Europe Passport Reader Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 20. Europe Passport Reader Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 21. Europe Passport Reader Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 22. Europe Passport Reader Market, by Sector – Revenue and Forecast to 2028 (US$ Million)
Table 23. UK Passport Reader Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 24. UK Passport Reader Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 25. UK: Passport Reader Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 26. UK: Passport Reader Market, by Sector – Revenue and Forecast to 2028 (US$ Million)
Table 27. Germany: Passport Reader Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 28. Germany: Passport Reader Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 29. Germany: Passport Reader Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 30. Germany: Passport Reader Market, by Sector – Revenue and Forecast to 2028 (US$ Million)
Table 31. France: Passport Reader Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 32. France: Passport Reader Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 33. France: Passport Reader Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 34. France: Passport Reader Market, by Sector – Revenue and Forecast to 2028 (US$ Million)
Table 35. Italy: Passport Reader Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 36. Italy: Passport Reader Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 37. Italy: Passport Reader Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 38. Italy: Passport Reader Market, by Sector – Revenue and Forecast to 2028 (US$ Million)
Table 39. Russia: Passport Reader Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 40. Russia: Passport Reader Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 41. Russia: Passport Reader Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 42. Russia: Passport Reader Market, by Sector – Revenue and Forecast to 2028 (US$ Million)
Table 43. Rest of Europe: Passport Reader Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 44. Rest of Europe: Passport Reader Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 45. Rest of Europe: Passport Reader Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 46. Rest of Europe: Passport Reader Market, by Sector – Revenue and Forecast to 2028 (US$ Million)
Table 47. APAC: Passport Reader Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 48. APAC: Passport Reader Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 49. APAC: Passport Reader Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 50. APAC: Passport Reader Market, by Sector – Revenue and Forecast to 2028 (US$ Million)
Table 51. Australia: Passport Reader Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 52. Australia: Passport Reader Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 53. Australia: Passport Reader Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 54. Australia: Passport Reader Market, by Sector – Revenue and Forecast to 2028 (US$ Million)
Table 55. China: Passport Reader Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 56. China: Passport Reader Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 57. China: Passport Reader Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 58. China: Passport Reader Market, by Sector – Revenue and Forecast to 2028 (US$ Million)
Table 59. India: Passport Reader Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 60. India: Passport Reader Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 61. India: Passport Reader Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 62. India: Passport Reader Market, by Sector – Revenue and Forecast to 2028 (US$ Million)
Table 63. Japan: Passport Reader Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 64. Japan: Passport Reader Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 65. Japan: Passport Reader Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 66. Japan: Passport Reader Market, by Sector – Revenue and Forecast to 2028 (US$ Million)
Table 67. South Korea: Passport Reader Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 68. South Korea: Passport Reader Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 69. South Korea: Passport Reader Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 70. South Korea: Passport Reader Market, by Sector – Revenue and Forecast to 2028 (US$ Million)
Table 71. Rest of APAC: Passport Reader Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 72. Rest of APAC: Passport Reader Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 73. Rest of APAC: Passport Reader Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 74. Rest of APAC: Passport Reader Market, by Sector – Revenue and Forecast to 2028 (US$ Million)
Table 75. MEA: Passport Reader Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 76. MEA: Passport Reader Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 77. MEA: Passport Reader Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 78. MEA: Passport Reader Market, by Sector – Revenue and Forecast to 2028 (US$ Million)
Table 79. Saudi Arabia: Passport Reader Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 80. Saudi Arabia: Passport Reader Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 81. Saudi Arabia: Passport Reader Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 82. Saudi Arabia: Passport Reader Market, by Sector – Revenue and Forecast to 2028 (US$ Million)
Table 83. UAE: Passport Reader Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 84. UAE: Passport Reader Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 85. UAE: Passport Reader Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 86. UAE: Passport Reader Market, by Sector – Revenue and Forecast to 2028 (US$ Million)
Table 87. South Africa: Passport Reader Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 88. South Africa: Passport Reader Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 89. South Africa: Passport Reader Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 90. South Africa: Passport Reader Market, by Sector – Revenue and Forecast to 2028 (US$ Million)
Table 91. Rest of MEA: Passport Reader Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 92. Rest of MEA: Passport Reader Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 93. Rest of MEA: Passport Reader Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 94. Rest of MEA: Passport Reader Market, by Sector – Revenue and Forecast to 2028 (US$ Million)
Table 95. SAM Passport Reader Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 96. SAM Passport Reader Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 97. SAM Passport Reader Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 98. SAM Passport Reader Market, by Sector – Revenue and Forecast to 2028 (US$ Million)
Table 99. Brazil Passport Reader Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 100. Brazil Passport Reader Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 101. Brazil Passport Reader Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 102. Brazil Passport Reader Market, by Sector – Revenue and Forecast to 2028 (US$ Million)
Table 103. Argentina Passport Reader Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 104. Argentina Passport Reader Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 105. Argentina Passport Reader Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 106. Argentina Passport Reader Market, by Sector – Revenue and Forecast to 2028 (US$ Million)
Table 107. Rest of SAM Passport Reader Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 108. Rest of SAM Passport Reader Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 109. Rest of SAM Passport Reader Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 110. Rest of SAM Passport Reader Market, by Sector – Revenue and Forecast to 2028 (US$ Million)
Table 111. List of Abbreviation
LIST OF FIGURES
Figure 1. Passport Reader Market Segmentation
Figure 2. Passport Reader Market Segmentation – By Geography
Figure 3. Global Passport Reader Market Overview
Figure 4. Passport Reader Market, by Technology
Figure 5. Passport Reader Market, by Sector
Figure 6. Passport Reader Market, by Geography
Figure 7. North America – PEST Analysis
Figure 8. Europe – PEST Analysis
Figure 9. APAC – PEST Analysis
Figure 10. MEA – PEST Analysis
Figure 11. SAM – PEST Analysis
Figure 12. Passport Reader Market – Ecosystem Analysis
Figure 13. Global Passport Reader Market: Impact Analysis of Drivers and Restraints
Figure 14. Geographic Overview of Passport Reader Market
Figure 15. Global Passport Reader Market Revenue Forecast and Analysis (US$ Million)
Figure 16. Passport Reader Market, by Technology (2021 & 2028)
Figure 17. RFID: Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Barcode: Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Optical Character Recognition (OCR): Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Passport Reader Market, by Type (2021 & 2028)
Figure 21. Swipe Readers: Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Realistic: Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Compact Full-page Readers: Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Portable Readers: Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Passport Reader Market, by Application (2021 & 2028)
Figure 26. Airport Security: Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Border Control: Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Others: Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. Passport Reader Market, by Sector (2021 & 2028)
Figure 30. Private: Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
Figure 31. Public: Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
Figure 32. Global Passport Reader Market Revenue Share, by Region (2021 & 2028)
Figure 33. North America: Passport Reader Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. North America Passport Reader Market Revenue Share, By Technology (2021 & 2028)
Figure 35. North America Passport Reader Market Revenue Share, By Type (2021 & 2028)
Figure 36. North America Passport Reader Market Revenue Share, By Application (2021 & 2028)
Figure 37. North America Passport Reader Market Revenue Share, By Sector (2021 & 2028)
Figure 38. North America Passport Reader Market Revenue Share, By Country (2021 & 2028)
Figure 39. US: Passport Reader Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. Canada: Passport Reader Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. Mexico: Passport Reader Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. Europe: Passport Reader Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43. Europe: Passport Reader Market Revenue Share, by Technology (2021 & 2028)
Figure 44. Europe: Passport Reader Market Revenue Share, by Type (2021 & 2028)
Figure 45. Europe: Passport Reader Market Revenue Share, by Application (2021 & 2028)
Figure 46. Europe: Passport Reader Market Revenue Share, by Sector (2021 & 2028)
Figure 47. Europe: Passport Reader Market Revenue Share, by Key Country (2021 & 2028)
Figure 48. UK: Passport Reader Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 49. Germany: Passport Reader Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 50. France: Passport Reader Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 51. Italy: Passport Reader Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 52. Russia: Passport Reader Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 53. Rest of Europe: Passport Reader Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 54. APAC: Passport Reader Market – Revenue and Forecast to 2028 (US$ Million)
Figure 55. APAC: Passport Reader Market Revenue Share, by Technology (2021 & 2028)
Figure 56. APAC: Passport Reader Market Revenue Share, by Type (2021 & 2028)
Figure 57. APAC: Passport Reader Market Revenue Share, by Application (2021 & 2028)
Figure 58. APAC: Passport Reader Market Revenue Share, by Sector (2021 & 2028)
Figure 59. APAC: Passport Reader Market Revenue Share, by Key Country (2021 & 2028)
Figure 60. Australia: Passport Reader Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 61. China: Passport Reader Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 62. India: Passport Reader Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 63. Japan: Passport Reader Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 64. South Korea: Passport Reader Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 65. Rest of APAC: Passport Reader Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 66. MEA: Passport Reader Market – Revenue and Forecast to 2028 (US$ Million)
Figure 67. MEA: Passport Reader Market Revenue Share, by Technology (2021 & 2028)
Figure 68. MEA: Passport Reader Market Revenue Share, by Type (2021 & 2028)
Figure 69. MEA: Passport Reader Market Revenue Share, by Application (2021 & 2028)
Figure 70. MEA: Passport Reader Market Revenue Share, by Sector (2021 & 2028)
Figure 71. MEA: Passport Reader Market Revenue Share, by Key Country (2021 & 2028)
Figure 72. Saudi Arabia: Passport Reader Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 73. UAE: Passport Reader Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 74. South Africa: Passport Reader Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 75. Rest of MEA: Passport Reader Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 76. SAM: Passport Reader Market – Revenue and Forecast to 2028 (US$ Million)
Figure 77. SAM: Passport Reader Market Revenue Share, By Technology (2021 & 2028)
Figure 78. SAM: Passport Reader Market Revenue Share, By Type (2021 & 2028)
Figure 79. SAM: Passport Reader Market Revenue Share, By Application (2021 & 2028)
Figure 80. SAM: Passport Reader Market Revenue Share, By Sector (2021 & 2028)
Figure 81. SAM: Passport Reader Market Revenue Share, By Country (2021 & 2028)
Figure 82. Brazil: Passport Reader Market – Revenue and Forecast to 2028 (US$ Million)
Figure 83. Argentina: Passport Reader Market – Revenue and Forecast to 2028 (US$ Million)
Figure 84. Rest of SAM: Passport Reader Market – Revenue and Forecast to 2028 (US$ Million)
Figure 85. Impact of COVID-19 Pandemic on North America Country Markets
Figure 86. Impact of COVID-19 Pandemic on Europe Country Markets
Figure 87. Impact of COVID-19 Pandemic on Asia Pacific Country Markets
Figure 88. Impact of COVID-19 Pandemic on MEA Country Markets
Figure 89. Impact of COVID-19 Pandemic on South America Country Markets
The List of Companies - Passport Reader Market
- Access Ltd
- Adaptive Recognition Hungary, Inc.
- Bejing Wintone Science & Technology Co. Ltd.
- DESKO GmbH
- IER SAS
- Lintech Enterprises Limited
- Regula
- Shenzhen Rakinda Technologies Co., Ltd.
- Thales Group
- Veridos 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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