South America 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)
The South America passport reader market is expected to grow from US$ 19.72 million in 2022 to US$ 24.12 million by 2028; it is estimated to grow at a CAGR of 3.4% from 2022 to 2028.
Use of Mobile Passport Scanners
Border control requirements are exceptionally diverse, with certain borders fixed in airports or posts on roads, and several border control measures take place in a mobile manner on ships, trains or by monitoring pedestrians. It outstretched the requisite for an integrated portable reader capable of completing all measures of immigration procedures, such as reading varied ID documents, obtaining biometrics, and connecting to remote databases.
Additionally, passport checks are an essential security measure for several businesses and institutions. In some instances, a passport is the most appropriate document to collect necessary customer information. Also, in some cases, passports are mandatory by law, and the collected data must be shared with local authorities. As manual checking of passports is a tedious task in some businesses, they prefer using dedicated passport readers. In such cases, mobile passport scanning integrated with Mobile optical character recognition (OCR) is an ideal alternative. Thus, use of mobile passport scanners is emerging as a trend for the passport reader market growth.
Market Overview
The aviation sector in Latin America is witnessing a constant growth in terms of passenger volume, which increased to 28.7 million passengers until July 2019, 4.5% up from 2018. It is projected that the airport sector in the Latin American region should invest ~US$ 55 billion by 2040. These investments will emphasize on airport infrastructure, including the expansion, renovation, and modernization of existing facilities, as well as the construction of new airports. Also, Colombia is ranked 4th in the world in terms of forecast of the air sector growth over the next 20 years. The country’s airport sector is projected to contribute significantly to the connectivity improvement. As per a CEPAL’s report, the Latin American region requires a total investment of US$ 25.5 billion during 2016–2025 to fill the capacity gap in airport infrastructure. To meet this challenge, governments, as well as air infrastructure concessionaires, are focusing on making significant airport investments. However, the lack of investments in airport infrastructure is restricting the growth of the market across South America.
South America Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
South America Passport Reader Market Segmentation
The South America passport reader market is segmented based on technology, type, application, sector, and country. Based on technology, the South America 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 South America 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 South America 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 South America passport reader market is bifurcated into private and public. The public segment held a larger market share in 2022.
Based on country, the South America passport reader market is segmented into Brazil, Argentina, and the Rest of South America. Brazil dominated the market share in 2022.
Adaptive Recognition Hungary, Inc.; Thales Group; Access Ltd; Shenzhen Rakinda Technologies Co., Ltd.; Regula; Veridos GMBH; and Lintech Enterprises Limited are the leading companies operating in the South America passport reader market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South America Passport Reader Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 South America
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. South America Passport Reader Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Number of Outbound Tourists
5.1.2 Growing Construction and Expansion Activities of New Airports Worldwide
5.1.3 Surging Number of International Immigrants
5.2 Market Restraints
5.2.1 Use of Facial Recognition Technology to Eliminate Multiple Security Checks
5.3 Market Opportunities
5.3.1 Increasing Passport Forgery
5.4 Future Trends
5.4.1 Use of Mobile Passport Scanners
5.5 Impact Analysis of Drivers and Restraints
6. Passport Reader Market – South America Market Analysis
6.1 South America Passport Reader Market Revenue Forecast and Analysis
7. South America Passport Reader Market Revenue and Forecast to 2028 – by Technology
7.1 Overview
7.2 Passport Reader Market, by Technology (2021 & 2028)
7.3 RFID
7.3.1 Overview
7.3.2 RFID: Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
7.4 Barcode
7.4.1 Overview
7.4.2 Barcode: Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
7.5 Optical Character Recognition (OCR)
7.5.1 Overview
7.5.2 Optical Character Recognition (OCR): Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
8. South America Passport Reader Market Revenue and Forecast to 2028 – by Type
8.1 Overview
8.2 Passport Reader Market, by Type (2021 & 2028)
8.3 Swipe Readers
8.3.1 Overview
8.3.2 Swipe Readers: Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
8.4 Self-service Kiosks
8.4.1 Overview
8.4.2 Self-service Kiosks: Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
8.5 Compact Full-page Readers
8.5.1 Overview
8.5.2 Compact Full-page Readers: Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
8.6 Portable Readers
8.6.1 Overview
8.6.2 Portable Readers: Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
9. South America Passport Reader Market Revenue and Forecast to 2028 – by Application
9.1 Overview
9.2 Passport Reader Market, by Application (2021 & 2028)
9.3 Airport Security
9.3.1 Overview
9.3.2 Airport Security: Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
9.4 Border Control
9.4.1 Overview
9.4.2 Border Control: Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Others: Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
10. South America Passport Reader Market Revenue and Forecast to 2028 – by Sector
10.1 Overview
10.2 Passport Reader Market, by Sector (2021 & 2028)
10.3 Private
10.3.1 Overview
10.3.2 Private: Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
10.4 Public
10.4.1 Overview
10.4.2 Public: Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
11. South America Passport Reader Market – by Country Analysis
11.1 South America: Passport Reader Market
11.1.1 South America: Passport Reader Market, by Country
11.1.1.1 Brazil: Passport Reader Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 Brazil: Passport Reader Market, by Technology
11.1.1.1.2 Brazil: Passport Reader Market, by Type
11.1.1.1.3 Brazil: Passport Reader Market, by Application
11.1.1.1.4 Brazil: Passport Reader Market, by Sector
11.1.1.2 Argentina: Passport Reader Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 Argentina: Passport Reader Market, by Technology
11.1.1.2.2 Argentina: Passport Reader Market, by Type
11.1.1.2.3 Argentina: Passport Reader Market, by Application
11.1.1.2.4 Argentina: Passport Reader Market, by Sector
11.1.1.3 Rest of South America: Passport Reader Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 Rest of South America: Passport Reader Market, by Technology
11.1.1.3.2 Rest of South America: Passport Reader Market, by Type
11.1.1.3.3 Rest of South America: Passport Reader Market, by Application
11.1.1.3.4 Rest of South America: Passport Reader Market, by Sector
12. Passport Reader Market-Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 Adaptive Recognition Hungary, Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Thales Group
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Access Ltd
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Shenzhen Rakinda Technologies Co., Ltd.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Regula
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 VERIDOS GMBH
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Lintech Enterprises Limited
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. South America Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
Table 2. Brazil Passport Reader Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil Passport Reader Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil Passport Reader Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. Brazil Passport Reader Market, by Sector – Revenue and Forecast to 2028 (US$ Million)
Table 6. Argentina Passport Reader Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 7. Argentina Passport Reader Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Argentina Passport Reader Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 9. Argentina Passport Reader Market, by Sector – Revenue and Forecast to 2028 (US$ Million)
Table 10. Rest of South America Passport Reader Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 11. Rest of South America Passport Reader Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of South America Passport Reader Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of South America Passport Reader Market, by Sector – Revenue and Forecast to 2028 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. South America Passport Reader Market Segmentation
Figure 2. South America Passport Reader Market Segmentation – By Country
Figure 3. South America Passport Reader Market Overview
Figure 4. South America Passport Reader Market, by Technology
Figure 5. South America Passport Reader Market, by Sector
Figure 6. South America Passport Reader Market, by Country
Figure 7. South America – PEST Analysis
Figure 8. South America Passport Reader Market – Ecosystem Analysis
Figure 9. South America Expert Opinions
Figure 10. South America Passport Reader Market: Impact Analysis of Drivers and Restraints
Figure 11. South America Passport Reader Market Revenue Forecast and Analysis (US$ Million)
Figure 12. South America Passport Reader Market, by Technology (2021 & 2028)
Figure 13. RFID: South America Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Barcode: South America Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Optical Character Recognition (OCR): South America Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. South America Passport Reader Market, by Type (2021 & 2028)
Figure 17. Swipe Readers: South America Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Self-service Kiosks: South America Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Compact Full-page Readers: South America Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Portable Readers: South America Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. South America Passport Reader Market, by Application (2021 & 2028)
Figure 22. Airport Security: South America Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Border Control: South America Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Others: South America Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. South America Passport Reader Market, by Sector (2021 & 2028)
Figure 26. Private: South America Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Public: South America Passport Reader Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. South America: Passport Reader Market, By Country – Revenue (2021) (US$ Million)
Figure 29. South America: Passport Reader Market Revenue Share, By Country (2021 & 2028)
Figure 30. Brazil: Passport Reader Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Argentina: Passport Reader Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Rest of South America: Passport Reader Market – Revenue and Forecast to 2028 (US$ Million)
- Adaptive Recognition Hungary, Inc.
- Thales Group
- Access Ltd
- Shenzhen Rakinda Technologies Co., Ltd.
- Regula
- Veridos GMBH
- Lintech Enterprises Limited
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South America passport reader market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the South America passport reader market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth South America market trends and outlook coupled with the factors driving the South America passport reader market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution