Technological innovations by key vendors are likely to boost competitiveness in the market place over the next couple of years. In addition, regional expansion is also anticipated to encourage healthy competition in the airport biometrics market in the upcoming years. Some of the organic and inorganic growth methods prognosticated to be applied by market players for development are product launch, mergers & acquisitions, product portfolio development, collaborations, product innovations, strategic partnerships, etc.
Safran (France), Fujitsu (Japan), NEC Corporation (Japan), Aware, Inc. (U.S.), Bio-Key International, Inc. (U.S.), 3M Cogent, Inc. (U.S.), Precise Biometrics AB (Sweden), Secunet Security Networks AG (Germany), Fulcrum Biometrics, LLC, (U.S.), Thales Group (France), Crossmatch (U.S.), Cognitec Systems GmbH (Germany), and Daon (U.S.) are some of the major participants of the global airport biometrics market.
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Biometrics refers to body calculations and measurements. It is a nascent technology that is likely to witness rapid development over the next couple of years. According to Market Research Future (MRFR)’s observation the airport biometrics market is expected to strike 12% CAGR across the forecast period. Rising investments in airport security are expected to fuel demand for the product in the years to come.
Technological developments are anticipated to favor the growth of the airport biometrics market during the review period. Innovations of new products are likely to amplify the potential of the market over the years. Biometrics analyzes the most unique characteristics of human beings such as retina, fingerprints, etc. Thus, it offers high level of authenticity and reliability, which is prognosticated to drive the expansion of the airport biometrics market.
The investments in the modernization of airports are projected to facilitate expansion of the airport biometrics market in the upcoming years. In addition, the construction of new airports is anticipated to expedite the growth rate of the airport biometrics market in the forthcoming years. On the other hand, the high cost of biometrics is expected to check the expansion of the market in the nearby future.
Hardware and software are the two primary segments of the global airport biometrics market based on component. The sub-segments of the hardware segment are – capacitive sensors, ultrasound sensors, optical sensors, thermal sensors, and electric sensors. Among these sub-segments, the optical sensors segment is likely to account for a considerable share of the total demand generated. Factors such as low cost, multiple application, and wide responsiveness are expected to catapult the sub-segment on upward trajectory.
Technology-wise segmentation of the airport biometrics market covers – physical characteristics (face, fingerprint, iris, hand geometry, and others) and behavioral characteristics (voice, signature, middleware, and others). Among these, the physical characteristics segment is anticipated to witness a rise in demand owing to the large-scale adoption of technological advancements.
The geographical assessment of the globalairport biometrics marketcovers five prime segments – Asia Pacific (APAC), Europe, North America, the Middle East & Africa (MEA), and Latin Africa. These regional segments are studied further based on countries. North America and Europe are two important growth pockets that are projected to witness significant growth rate over the next couple of years. Increasing investments in security solutions in the regions are prognosticated to boost the airport biometrics market. In addition, rising terror threats in Europe are further anticipated to boost the financial status of the airport biometrics market. Asia Pacific is also likely to exhibit similar growth trends. The region is anticipated to capture substantial share of the airport biometrics market across the review period. Increasing tensions in countries such as India, China, Pakistan, are expected to boost market growth.
Table of Content:
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.2 RESEARCH OBJECTIVE
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
Continued. . .
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List of Tables:
TABLE 1 AIRPORT BIOMETRICS: BY REGION, 2018-2023
TABLE 2 NORTH AMERICA AIRPORT BIOMETRICS: BY COUNTRY, 2018-2023
TABLE 3 EUROPE AIRPORT BIOMETRICS: BY COUNTRY, 2018-2023
TABLE 4 ASIA PACIFIC AIRPORT BIOMETRICS: BY COUNTRY, 2018-2023
TABLE 5 ROW AIRPORT BIOMETRICS: BY COUNTRY, 2018-2023
TABLE 6 AIRPORT BIOMETRICS, BY COMPONENTS, BY REGIONS, 2018-2023
Continued. . .
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