The North America Passport Reader Market would witness market growth of 9.9% CAGR during the forecast period (2022-2028).
Biometric verification is performed on travelers using face or iris recognition, fingerprints, or a combination of these modalities. After the identification, the procedure has been completed and the passport holder's identity has been confirmed, a physical barrier such as a gate or turnstile opens to allow passage.
If the passport holder's identification cannot be validated or if the technology fails, the gate or turnstile will not open and an immigration officer will meet the individual. E-gates emerged in the middle of the 2000s as an automated way to read the then-recently mandatory ICAO e-passports.
All eGate systems require a machine-readable e-passport. Certain nations restrict the use of automated border crossing systems to certain nationalities, such as EU/EEA/Swiss nationals or holders of CAN/JPN/SGP/UK/US passports, etc. All other nationalities are required to report to immigration agents for questioning and passport stamping. They are available as a gate, kiosk and gate, or mantrap kiosk, and the process for departing and incoming passengers is the same for each configuration.
This region's travel insurance industry is booming as an increasing number of tourists choose annual travel insurance packages to avoid the burden of purchasing insurance for each trip. The regional market has increased dramatically after the government lifted travel and shutdown restrictions. The domestic travel insurance policy provides full coverage for anyone traveling within the country. Domestic travel insurance coverage is tailored to certain cities and locations inside the United States to facilitate travel.
The US market dominated the North America Passport Reader Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $104,594.6 Thousands by 2028. The Canada market is poised to grow at a CAGR of 12.4% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 11.4% during (2022 - 2028).
Based on Technology, the market is segmented into RFID, Barcode, and OCR. Based on Type, the market is segmented into Swipe Readers, Self-Service Kiosk, Compact Full-Page Reader, and Others. Based on Application, the market is segmented into Airport Security, Border Control, and Others. Based on Sector, the market is segmented into Public and Private. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Passport Reader Market is Predict to reach $426.5 Million by 2028, at a CAGR of 10.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Gemalto NV (Thales Group S.A), Adaptive Recognition Inc., 3M Company, IER Group, The Acces Group, Beijing Wintone Science & Technology Co. Ltd., DESKO GmbH, IDAC Solutions Pvt. Ltd India, and Regula Forencics.
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