North America Passport Reader Market Forecast to 2028 - COVID-19 Impact and Regional 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 Others), and Sector (Public and Private)
The North America passport reader market is expected to grow from US$ 66.09 million in 2022 to US$ 93.52 million by 2028; it is estimated to grow at a CAGR of 6.0% from 2022 to 2028.
Surging Number of International Immigrants
International migration is on the rise, owing to factors such as economic pressures, changing age structures, population growth, rapid urbanization, and environmental stress. Economic factors attract migrants to wealthier countries, while poor conditions and crisis spur people to leave their home countries. Most migrants leave their home country voluntarily to pursue socioeconomic opportunities. There is a significant increase in the total number of international migrants worldwide. For instance, according to the UN’s Department of Economic and Social Affairs (DESA), the number of international immigrants globally accounted for 272 million in 2019, surpassing the growth rate of the global population.
Passport readers play a significant role in verifying the authenticity of the documents, thereby helping control the flow of illegal immigration. With the rising air travel, authorities are under pressure to manage queues. Hence, an increase in the number of international migrants is increasing the traffic at airports and the need for passport readers, thereby propelling the market growth.
North America Passport Reader Market Overview
To improve border security, the US Customs and Border Protection (CBP) requires international passenger information to be verified through the Advanced Passenger Information (API) system. The collected information of these international passengers is sent to the CBP for review before the flight arrival. Any violations in this process require returning at transfer points or destination by immigration authorities, which cost airlines a considerable amount of fines and associated costs. Thus, airlines are highly focused on proper passport and visa verification before the boarding of international passengers. In 2019, the US government announced its plans to deploy facial recognition technology across 20 key airports by 2021. This technology is being used on all international and domestic passengers.
North America Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
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North America Passport Reader Market Segmentation
The North America passport reader market is segmented on the basis of technology, type, application, sector, and country. Based on technology, the North America passport reader market is segmented into RFID, barcode, and OCR. The RFID cylinders segment held the largest market share in 2022.
Based on type, the North America passport reader market is segmented into swipe readers, self-service kiosks, compact full-page readers, and portable readers. The compact full-page readers segment held the largest market share in 2022.
Based on application, the North America passport reader market is segmented into airport security, border control, and others. The airport security segment held the largest market share in 2022.
Based on sector, the North America passport reader market is bifurcated into private and public. The public segment held a larger market share in 2022.
Based on country, the North America passport reader market is segmented into the US, Canada, and Mexico. The US dominated the market share in 2022.
Adaptive Recognition Hungary, Inc.; Thales Group; Access Ltd; Desko GmbH; IER SAS; Shenzhen Rakinda Technologies Co., Ltd.; Regula; Veridos GMBH; and Lintech Enterprises Limited are the leading companies operating in the North America passport reader market.
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. North America Passport Reader Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. North America Passport Reader Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Number of Outbound Tourists
5.1.2 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 – North America Market Analysis
6.1 North America Passport Reader Market Overview
6.2 North America Passport Reader Market Revenue Forecast and Analysis
7. North America Passport Reader Market Revenue and Forecast to 2028 – by 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. North America Passport Reader Market Revenue and Forecast to 2028 – by 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. North America Passport Reader Market Revenue and Forecast to 2028 – by 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. North America Passport Reader Market Revenue and Forecast to 2028 – by 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. North America Passport Reader Market – by Country Analysis
11.1 North America: Passport Reader Market
11.1.1 North America: Passport Reader Market, by Country
11.1.1.1 US: Passport Reader Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 US: Passport Reader Market, by Technology
11.1.1.1.2 US: Passport Reader Market, by Type
11.1.1.1.3 US: Passport Reader Market, by Application
11.1.1.1.4 US: Passport Reader Market, by Sector
11.1.1.2 Canada: Passport Reader Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 Canada: Passport Reader Market, by Technology
11.1.1.2.2 Canada: Passport Reader Market, by Type
11.1.1.2.3 Canada: Passport Reader Market, by Application
11.1.1.2.4 Canada: Passport Reader Market, by Sector
11.1.1.3 Mexico: Passport Reader Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 Mexico: Passport Reader Market, by Technology
11.1.1.3.2 Mexico: Passport Reader Market, by Type
11.1.1.3.3 Mexico: Passport Reader Market, by Application
11.1.1.3.4 Mexico: Passport Reader Market, by Sector
12. Passport Reader Market-Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 Adaptive Recognition Hungary, Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Thales Group
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Access Ltd
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 DESKO GmbH
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 IER SAS
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Shenzhen Rakinda Technologies Co., Ltd.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Regula
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 VERIDOS GMBH
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Lintech Enterprises Limited
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. North America Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
Table 2. US Passport Reader Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 3. US Passport Reader Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. US Passport Reader Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. US Passport Reader Market, by Sector – Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada Passport Reader Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada Passport Reader Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada Passport Reader Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada Passport Reader Market, by Sector – Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico Passport Reader Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico Passport Reader Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico Passport Reader Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico Passport Reader Market, by Sector – Revenue and Forecast to 2028 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Passport Reader Market Segmentation
Figure 2. North America Passport Reader Market Segmentation – By Country
Figure 3. North America Passport Reader Market Overview
Figure 4. North America Passport Reader Market, by Technology
Figure 5. North America Passport Reader Market, by Sector
Figure 6. North America Passport Reader Market, by Country
Figure 7. North America – PEST Analysis
Figure 8. North America Passport Reader Market – Ecosystem Analysis
Figure 9. North America Expert Opinions
Figure 10. North America Passport Reader Market: Impact Analysis of Drivers and Restraints
Figure 11. North America Passport Reader Market Revenue Forecast and Analysis (US$ Million)
Figure 12. North America Passport Reader Market, by Technology (2021 & 2028)
Figure 13. RFID: North America Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Barcode: North America Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Optical Character Recognition (OCR): North America Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. North America Passport Reader Market, by Type (2021 & 2028)
Figure 17. Swipe Readers: North America Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Self-service Kiosks: North America Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Compact Full-page Readers: North America Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Portable Readers: North America Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. North America Passport Reader Market, by Application (2021 & 2028)
Figure 22. Airport Security: North America Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Border Control: North America Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Others: North America Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. North America Passport Reader Market, by Sector (2021 & 2028)
Figure 26. Private: North America Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Public: North America Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. North America Passport Reader Market, By Country – Revenue (2021) (US$ Million)
Figure 29. North America Passport Reader Market Revenue Share, By Country (2021 & 2028)
Figure 30. US: Passport Reader Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Canada: Passport Reader Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Mexico: Passport Reader Market – Revenue and Forecast to 2028 (US$ Million)
- Adaptive Recognition Hungary, Inc.
- Thales Group
- Access Ltd
- Desko GmbH
- IER SAS
- Shenzhen Rakinda Technologies Co., Ltd.
- Regula
- Veridos GMBH
- Lintech Enterprises Limited
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