E-Gates Market Will Grow at a CAGR of close to 19% by 2022 : Radiant Insights,Inc

Radiant Insights,Inc
RadiantInsights.com includes new market research report “Global E-Gates Market 2022 Research Report” to its huge collection of research reports.

The global e-gates market is estimated to expand at a stable CAGR over the forecast period (2018 to 2022). Growing requirement for advanced security solutions and techniques owing to increasing terrorist activities is anticipated to propel the market. E-gates or electronic immigration gates can improve landside to airside security by detecting and preventing exit lane breaches. They can reduce hiring of security guards to diminish operational cost and expedite return on investment (ROI) for airports.

Rise in terrorist activities and security breaches at airports across the globe is anticipated to propel growth of the e-gates market over the forecast period. Favorable government initiatives to enhance security arrangements at critical places such as airports to prevent any terrorist activities can fuel market growth. Rising adoption of e-gates at airports to replace human guards and to reduce operational costs is likely to stimulate expansion of the market. High demand for quick and stress-free security check-in procedures at airports among passengers is expected to impel market development during the forecast period.

For instance, The Princess Juliana International Airport (SXM) recently installed bar code boarding pass (BCBP) e-gates to offer simpler, faster, and convenient boarding pass security control procedure. These gates can validate the authenticity of passengers’ boarding passes and confirm that the boarding passes belong to an active flight on that day. Hardware component used in these e-gates are expected to be designed by Vision-Box in collaboration with Immigration and Border Protection Services (IBP) and SXM airport.

The global e-gates market can be segregated on the basis of component and region. Based on component, the market can be classified into hardware, service, and software. In the coming years, hardware segment is anticipated to display maximum growth being the most essential component used in e-gates. Some of the crucial hardware used in e-gates can be categorized into scanners for iris and fingerprint, light emitting diode (LED) screen for displaying information regarding travelers, and cameras for facial recognition.

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Regional segmentation includes Asia Pacific (APAC), Americas, and Europe Middle East and Africa (EMEA). In Asia Pacific, the e-gates market is likely to grow at a faster CAGR in the forthcoming years owing to increasing adoption at airports to prevent terrorist attacks. In addition, rising business travel and tourism activities are anticipated to further stimulate market expansion in the region. Moreover, introduction of advanced technologies such as iris, facial, and fingerprint recognition supporting airports to expedite immigration procedures and improve security can fuel demand for e-gates.

In EMEA, the market for e-gates is expected to contribute for maximum revenue generation in the next few years owing to increasing investments by local governments to install e-gates at airports to prevent security breaches and terrorist activities. This is likely to improve cross border relations and improve economic infrastructure in the region. Being international airports, most European airports are expected to be designed keeping border control in mind. This can further influence demand for E-gates in the region.

In Americas, the e-gates market is projected to grow at a healthy CAGR during the forecast period. Increasing investments in advanced security solutions from local enterprises is the primary regional market driver. In addition, high adoption of response services and managed detection can further influence growth of the market in the region.

Some of the leading companies offering e-gates and its components are NEC, SITA, Gemalto, IDEMIA, and Vision-Box.

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Market Segment:

Segmentation by component and analysis of the E-gates market

•Hardware

•Service

•Software

Segmentation by geography and analysis of the E-gates market

•Americas

•APAC

•EMEA

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Radiant Insights is a market research and consulting company offering syndicated research studies, customized reports, and consulting services. Our market research studies are designed to facilitate strategic decision making, on the basis of extensive and in-depth quantitative information, supported by extensive analysis and industry insights. Using a patented and robust research methodology, we publish exhaustive research reports covering a host of industries such as Technology, Chemicals, Materials, and Energy. Radiant Insights has a strong base of analysts, consultants and domain experts, with global experience helping us deliver excellence in all research projects we undertake.

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