****** Passport Reader Market study offers detail overview of industry with all the requisite data to support tactical business decisions and come up with strategic growth plans. This study also proposes a comprehensive insight into the development policies and plans in addition to manufacturing processes and cost structures.
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The ****** passport reader market is anticipated to value USD 395.97 million until 2025. It is also expected to register a CAGR of 11.3% over the forecasted years, 2019 to 2025. The rapid technological advances being carried out for developing security systems to validate and authenticate information about travelers is projected to drive the market demand for passport readers across the globe.
The technology segment of RFID dominated the ****** market with 40.0% share in 2018 due to need for retrieving travelers’ information from the RFID tag present on the passport. While, the optical character recognition is projected to witness significant growth owing to rising need for conversion of many documents liked scanned papers and digital images into searchable and editable data.
The public sector segment accounted for a share of 65% in 2018 on account of the rising adoption of such devices at immigration points, airport check-in, and border control. On the other hand, the private sector segment is anticipated to register the highest CAGR in the upcoming years owing to their increasing demand among car leasing & rental companies and travel agencies.
In 2018, the airport security application segment dominated the ****** market on account of rising concerns about border terrorism, criminal activities, drug trade, and human trafficking. While the border control application segment is projected to witness substantial share due to increasing usage of passport readers for the detection of counterfeit or altered traveler’s documents.
Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Passport Reader: Market Variables, Trends & Scope
Chapter 4 Passport Reader: Product Estimates & Trend Analysis
Chapter 5 Passport Reader: Application Estimates & Trend Analysis
Chapter 6 Passport Reader: End-use Estimates & Trend Analysis
Chapter 7 Passport Reader: Industrial End-use Estimates & Trend Analysis
Chapter 8 Passport Reader: Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Passport Reader: Manufacturers Company Profiles
Top Key Players of Passport Reader Market:
3M, Gemalto NV, ARH Inc, IER, Access Ltd, and Beijing Wintone Science & Technology Co. Ltd
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