Increasing Amount of Outbound Tourists
The international tourism industry is growing at an exponential rate. According to the World Tourism Organization (UNTWO), there were ~1.4 billion international tourist arrivals worldwide, signifying an increase of 6% from 2017. Also, it was worth ~US$ 1.7 trillion, i.e., ~2% of the total world GDP. Further, in 2019, all the regions worldwide witnessed an increase in their international arrivals.
After the COVID-19 crisis, there is a significant setback for tourism development as the number of outbound trips are increasing as borders reopened. According to the World Tourism Organization, international tourism showed arrivals reaching 62% of pre-pandemic levels in the first nine months of 2022. Between January and September 2022, 700 million tourists traveled internationally, which is more than double the number recorded in the same period of 2021.
With the rising number of international tourists, airports worldwide are deploying an additional level of security and expanding the number of gates to handle air passenger traffic, and companies engaged in providing passport readers are coming up with new advanced products. Thus, an increase in international tourists across the region is boosting the demand for passport readers at airports.
Market Overview
The Middle East & Africa constitute countries with varying economic backgrounds such as developed and developing nations across its regions resulting in robust economic activities having positive impact on the growth of the market in the region. For instance, the emergence of international tourism in Saudi Arabia and the UAE has significantly witnessed a major surge in volume of tourists being attracted to the countries upon emphasis by the respective governments. As a result, the countries have witnessed a traction for seamless and efficient verification process through passport across airports, hotels, cross border checkpoints, and government organizations. The substantial rise in number of immigrant flow to the region from the Asian region and the demand for minimizing the flow of illegal migrants have further fueled to the demand for passport readers across numerous public and private sectors over the years across numerous Gulf countries.
Middle East & Africa Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Passport Reader Market Segmentation
The Middle East & Africa passport reader market is segmented based on technology, type, application, sector, and country. Based on technology, the Middle East & Africa passport reader market is segmented into RFID, barcode, and OCR. The RFID cylinders segment held the largest market share in 2022.
Based on type, the Middle East & Africa passport reader market is segmented into swipe readers, self-service kiosks, compact full-page readers, and portable readers. The compact full-page readers segment held the largest market share in 2022.
Based on application, the Middle East & Africa passport reader market is segmented into airport security, border control, and others. The airport security segment held the largest market share in 2022.
Based on sector, the Middle East & Africa passport reader market is bifurcated into private and public. The public segment held a larger market share in 2022.
Based on country, the Middle East & Africa passport reader market is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa. The UAE dominated the market share in 2022.
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 are the leading companies operating in the Middle East & Africa passport reader market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 27.74 Million |
| Market Size by 2028 | US$ 37.17 Million |
| CAGR (2022 - 2028) | 5.0% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Technology
|
| Regions and Countries Covered |
Middle East and Africa
|
| Market leaders and key company profiles |
|
The Middle East & Africa Passport Reader Market is valued at US$ 27.74 Million in 2022, it is projected to reach US$ 37.17 Million by 2028.
As per our report Middle East & Africa Passport Reader Market, the market size is valued at US$ 27.74 Million in 2022, projecting it to reach US$ 37.17 Million by 2028. This translates to a CAGR of approximately 5.0% during the forecast period.
The Middle East & Africa Passport Reader Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Passport Reader Market report:
The Middle East & Africa Passport Reader Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Passport Reader Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Passport Reader Market value chain can benefit from the information contained in a comprehensive market report.
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