According to the new market research report "Automated Border Control Market
by Solution Type (ABC e-Gate and ABC Kiosk), Component (Hardware,
Software, and Services (Installation and Maintenance)), Application
(Airport, Land Port, and Seaport), and Geography - Global Forecast to
2023", the automated border control (ABC) market is expected to
be worth USD 1,577.7 Million by 2023, growing at a CAGR of 17.45%
between 2017 and 2023. The ABC market has a huge potential across
various applications, such as airports, land ports, and seaports. The
major factors driving the ABC market across the world are increasing
passenger travel, rising security concerns, and enhanced traveler
convenience in the border crossing process.
Browse 88 Market Data Tables and 50 Figures spread through 164 Pages and in-depth TOC on "Automated Border Control Market".
The
major driving factor for the market growth in Europe is the presence of
prominent vendors of ABC OT-Morpho (France), secunet Security Networks
(Germany), Indra Sistemas (Spain), Arjo Systems (France), IER SAS
(France), and Cognitec Systems (Germany), among others.
Market for ABC e-gate expected to grow at higher CAGR between 2017 and 2023
The
market for e-gate is expected to grow at a higher CAGR between 2017 and
2023. e-gate installation has helped border crossing authorities
process large number of passengers and has enhanced security. Passenger
traffic is more at airports than at land ports and seaports.
ABC market for seaport application expected to grow at highest CAGR between 2017 and 2023
The
ABC market for seaport application is expected to grow at the highest
CAGR between 2017 and 2023. This growth can be attributed to
strengthened border integrity and increased passenger traffic at
seaports globally. As per the Australian Government Department of
Immigration and Border Protection, more than 35 million passengers
travel through Australia’s major airports and seaports every year, and
the number of travelers at seaports is expected to double in the coming
years.
ABC market for software component expected to grow at highest CAGR between 2017 and 2023
Software
component in the ABC ensures efficiency and performance of biometric
and document recognition database algorithms, along with risk assessment
for travelers. The higher growth rate of the software component in the
ABC market is owing to the increasing need for automation service to
optimize efficiency at airports, land ports, and seaports.
Currently, Europe leads ABC market in terms of market size
Europe
is currently leading the ABC market and is projected to be in a leading
position for the next few years owing to the high adoption of ABC. The
growth of the ABC market in Europe is because of high government funding
and support, the presence of leading players, and strong technical
base.
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