Product Code: GVR-3-68038-748-3
Passport Reader Market Growth & Trends:
The global passport reader market size is estimated to reach USD 791.8 million by 2030, growing at a CAGR of 14.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing adoption of e-passports and need for authentication of passports at airport points, border control facilities, and immigration points are expected to drive the growth of the market. The increasing number of air passengers is expected to subsequently trigger the building of new airports, especially in developing economies across the world. The governments of various countries are investing heavily in construction of airports and this is expected to increase the demand for passport readers over the forecast period.
Furthermore, increasing adoption of new technologies such as Optical Character Recognition (OCR) enables saving the time required for airport staff to manually enter the data of passengers in the systems. The use of RFID technology has increased owing to the demand from industries & sectors such as transport, retail, medical, and defense. The continuous advances in biometric technologies are further driving the demand for readers to strengthen security at airports and borders by reducing forgery.
North America dominated the global passport reader market in 2023 and is projected to continue to dominate over the forecast period owing to the rapid and early adoption of advanced technologies such as multi-row OCR reader for machine-readable passports. Asia Pacific is expected to register the highest CAGR owing to the increasing production of readers in countries such as India and China. Countries such as the U.S., Australia, and Germany are estimated to generate considerable revenue over the forecast period.
Passport Reader Market Report Highlights:
- Increasing number of airports and the rising number of immigrants is propelling the demand for passport readers at airport check-in points and border security
- The airport security segment dominated the market in terms of revenue in 2023 owing to the growing threats of terrorism and other criminal activities
- The self-service kiosk segment is expected to register the highest growth rate over the forecast period owing to benefits such as reduced waiting time for passengers
- The public sector dominated the market in 2023 owing to the increasing demand for passport readers from airport check-in points, aviation security points, and so on
- North America accounted for the largest market share in 2023 owing to the increasing use of e-passports in the region
- Asia Pacific region is expected to register the highest CAGR over the forecast period owing to the presence of leading manufacturers such as Shenzhen HCC Technology Co., Ltd.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Passport Reader Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Market Size and Growth Prospects (USD Million)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
- 3.4. Passport Reader Market Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
Chapter 4. Passport Reader Market: Technology Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Passport Reader Market: Technology Movement Analysis, USD Million, 2023 & 2030
- 4.3. RFID
- 4.3.1. RFID Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Barcode
- 4.4.1. Barcode Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5. OCR
- 4.5.1. OCR Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Passport Reader Market: Type Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Passport Reader Market: Type Movement Analysis, USD Million, 2023 & 2030
- 5.3. Swipe Readers
- 5.3.1. Swipe Readers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Self-Service Kiosk
- 5.4.1. Self-Service Kiosk Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. Compact Full-Page Reader
- 5.5.1. Compact Full-Page Reader Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6. Others
- 5.6.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Passport Reader Market: Application Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Passport Reader Market: Application Movement Analysis, USD Million, 2023 & 2030
- 6.3. Airport Security
- 6.3.1. Airport Security Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Border Control
- 6.4.1. Border Control Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. Others
- 6.5.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Passport Reader Market: Sector Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Passport Reader Market: Sector Movement Analysis, USD Million, 2023 & 2030
- 7.3. Public
- 7.3.1. Public Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4. Private
- 7.4.1. Private Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Passport Reader Market: Regional Estimates & Trend Analysis
- 8.1. Passport Reader Market Share, By Region, 2023 & 2030, USD Million,
- 8.2. North America
- 8.2.1. North America Passport Reader Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.2. U. S.
- 8.2.2.1. U. S. Passport Reader Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.3. Canada
- 8.2.3.1. Canada Passport Reader Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.4. Mexico
- 8.2.4.1. Mexico Passport Reader Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3. Europe
- 8.3.1. Europe Passport Reader Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.2. UK
- 8.3.2.1. UK Passport Reader Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.3. Germany
- 8.3.3.1. Germany Passport Reader Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.4. France
- 8.3.4.1. France Passport Reader Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Passport Reader Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.2. China
- 8.4.2.1. China Passport Reader Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.3. India
- 8.4.3.1. India Passport Reader Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.4. Japan
- 8.4.4.1. Japan Passport Reader Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.5. Australia
- 8.4.5.1. Australia Passport Reader Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.6. South Korea
- 8.4.6.1. South Korea Passport Reader Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5. Latin America
- 8.5.1. Latin America Passport Reader Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 8.5.2. Brazil
- 8.5.2.1. Brazil Passport Reader Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6. Middle East and Africa
- 8.6.1. Middle East and Africa Passport Reader Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.2. South Africa
- 8.6.2.1. South Africa Passport Reader Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.3. Saudi Arabia
- 8.6.3.1. Saudi Arabia Passport Reader Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.4. UAE
- 8.6.4.1. UAE Passport Reader Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 9. Competitive Landscape
- 9.1. Recent Developments & Impact Analysis by Key Market Participants
- 9.2. Company Categorization
- 9.3. Company Heat Map Analysis
- 9.4. Company Profiles
- 9.4.1. 3M
- 9.4.1.1. Participant's Overview
- 9.4.1.2. Financial Performance
- 9.4.1.3. Product Benchmarking
- 9.4.1.4. Recent Developments/ Strategic Initiatives
- 9.4.2. Access-IS Ltd. (part of HID Global)
- 9.4.2.1. Participant's Overview
- 9.4.2.2. Financial Performance
- 9.4.2.3. Product Benchmarking
- 9.4.2.4. Recent Developments/ Strategic Initiatives
- 9.4.3. Cognitec Systems GmbH
- 9.4.3.1. Participant's Overview
- 9.4.3.2. Financial Performance
- 9.4.3.3. Product Benchmarking
- 9.4.3.4. Recent Developments/ Strategic Initiatives
- 9.4.4. DESKO GmbH
- 9.4.4.1. Participant's Overview
- 9.4.4.2. Financial Performance
- 9.4.4.3. Product Benchmarking
- 9.4.4.4. Recent Developments/ Strategic Initiatives
- 9.4.5. Gemalto N.V. (part of Thales Group)
- 9.4.5.1. Participant's Overview
- 9.4.5.2. Financial Performance
- 9.4.5.3. Product Benchmarking
- 9.4.5.4. Recent Developments/ Strategic Initiatives
- 9.4.6. HID Global Corporation
- 9.4.6.1. Participant's Overview
- 9.4.6.2. Financial Performance
- 9.4.6.3. Product Benchmarking
- 9.4.6.4. Recent Developments/ Strategic Initiatives
- 9.4.7. IER SAS
- 9.4.7.1. Participant's Overview
- 9.4.7.2. Financial Performance
- 9.4.7.3. Product Benchmarking
- 9.4.7.4. Recent Developments/ Strategic Initiatives
- 9.4.8. Regula Ltd.
- 9.4.8.1. Participant's Overview
- 9.4.8.2. Financial Performance
- 9.4.8.3. Product Benchmarking
- 9.4.8.4. Recent Developments/ Strategic Initiatives
- 9.4.9. Zetes Industries S.A. (part of Panasonic)
- 9.4.9.1. Participant's Overview
- 9.4.9.2. Financial Performance
- 9.4.9.3. Product Benchmarking
- 9.4.9.4. Recent Developments/ Strategic Initiatives
- 9.4.10. Adaptive Recognition Inc.
- 9.4.10.1. Participant's Overview
- 9.4.10.2. Financial Performance
- 9.4.10.3. Product Benchmarking
- 9.4.10.4. Recent Developments/ Strategic Initiatives