The Automated Border Control Global Market Report 2023, provides comprehensive information on the automated border control market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global automated border control market size is expected to grow from $1.29 billion in 2022 to $1.48 billion in 2023 at a compound annual growth rate (CAGR) of 14.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global automated border control market size is expected to reach $2.46 billion in 2027 at a CAGR of 13.6%.
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The adoption of new technologies is a key trend gaining popularity in the automated border control market. Major companies operating in the automated border control market are adopting new technologies to sustain their position in the market. For instance, in February 2023, Nexcom International Co. Ltd., a Taiwan-based provider of digital signage appliances, launched an automated border control solution powered by their NDiS B561 fanless visual edge computer. This innovative technology provides dependable, practical, high-performance visible edge computing, enabling security screening applications supported by artificial intelligence (AI) and biometric identification. It captures biometric data from travelers, such as their facial images and fingerprints. The data is then processed using artificial intelligence (AI) to identify and authenticate travelers. This helps to prevent illegal entry and identify potential threats. Additionally, the solution will help improve security and efficiency, reduce costs at borders, and make the world safer.
The automated border control market is segmented:
1) By Type: Automated Border Control E-gates, Automated Border Control Kiosks
2) By Component: Hardware, Software, Services
3) By Application: Airport, Landport, Seaport
Europe was the largest region in the automated border control market in 2022.
Major Players:
The table of contents in TBRC’s automated border control market report includes:
1. Executive Summary
2. Automated Border Control Market Characteristics
3. Automated Border Control Market Trends And Strategies
4. Automated Border Control Market – Macro Economic Scenario
5. Automated Border Control Market Size And Growth
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27. Automated Border Control Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automated Border Control Market
29. Automated Border Control Market Future Outlook and Potential Analysis
30. Appendix
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