Report : Middle East & Africa 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)
At 5.0% CAGR, the Middle East & Africa Passport Reader Market is speculated to be worth US$ 37.17 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Middle East & Africa passport reader market was valued at US$ 27.74 million in 2022 and is expected to reach US$ 37.17 million by 2028, registering a CAGR of 5.0% from 2022 to 2028. Increasing number of outbound tourists and rising number of international immigrants are the critical factors attributed to the market expansion.
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 across the region. Passport readers play a significant role in verifying the authenticity of the documents, thereby helping control the flow of illegal immigration. For instance, Cairo International Airport in Egypt records ~15 million passengers annually. 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. This is expected to drive the market during the forecast period.
On the contrary, custom of facial recognition technology to eliminate multiple security checks hurdles the growth of Middle East & Africa passport reader market.
Based on technology, the Middle East & Africa passport reader market is categorized into RFID, barcode, and OCR. The RFID segment held 71.6% market share in 2022, amassing US$ 41.81 million. It is projected to garner US$ 25.70 million by 2028 to expand at 4.6% CAGR during 2022–2028.
Based on type, the Middle East & Africa passport reader market is categorized into swipe readers, self-service kiosks, compact full-page readers, and portable readers. The compact full-page readers segment held 42.4% market share in 2022, amassing US$ 11.77 million. It is projected to garner US$ 15.07 million by 2028 to expand at 4.2% CAGR during 2022–2028.
Based on application, the Middle East & Africa passport reader market is categorized into airport security, border control, and others. The airport security segment held 71.2% market share in 2022, amassing US$ 19.75 million. It is projected to garner US$ 26.38 million by 2028 to expand at 4.9% CAGR during 2022–2028.
Based on sector, the Middle East & Africa passport reader market is bifurcated into public and private. The public segment held 91.9% market share in 2022, amassing US$ 25.48 million. It is projected to garner US$ 34.43 million by 2028 to expand at 5.1% CAGR during 2022–2028.
Based on country, the Middle East & Africa passport reader market has been categorized into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa. Our regional analysis states that the UAE captured 35.6% market share in 2022. It was assessed at US$ 9.88 million in 2022 and is likely to hit US$ 12.06 million by 2028, exhibiting a CAGR of 3.4% during the forecast period.
Key players dominating the Middle East & Africa passport reader market are Adaptive Recognition Hungary, Inc.; Thales Group; Access Ltd; Beijing Wintone Science & Technology Co. Ltd; Shenzhen Rakinda Technologies Co., Ltd.; Regula; Veridos GMBH; and Lintech Enterprises Limited among others.
- In Mar 2020, Regula cooperated with Present Technologies to help launch the SEF Mobile application.
- In Jan 2020, DESKO GmbH launched a new PENTA Scanner 4X.
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