Airport Biometrics Market Overview:
The airport biometrics market will touch USD 155.3 billion at an 18.30% CAGR by 2030, as per the recent Market Research Future report.
Drivers:
Increased Focus on Enhanced Passenger Experience to Boost Market Growth
One of the key benefits of airport biometrics is how it improves the passenger experience. The adoption of face recognition technology makes navigating airport processes straightforward for visitors. As a consequence, there are fewer lines, quicker boarding, and less stressful experiences for customers. No more rummaging through luggage in search of boarding passes or passports. Biometric identification substantially streamlines the travel process by eliminating the requirement for paper documents and allowing local and international travelers to save identity and boarding pass information on the mobile devices or facial recognition software.
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Key Players:
Eminent players profiled in the global airport biometrics market report include Safran (France), NEC Corporation (Japan), 3M Cogent Inc. (US), Fujitsu (Japan), Precise Biometrics AB (Sweden), Bio-Key International Inc. (US), Aware Inc. (US), Crossmatch (US), Thales Group (France), Cognitec Systems GmbH (Germany), Secunet Security Networks AG (Germany), Fulcrum Biometrics LLC (US), and Daon (US).
Opportunities:
Rising Threat of Criminality and Terrorism to offer Robust Opportunities
Adopting biometric access systems is crucial for identification due to the growing threat of terrorism & criminality. The use of biometrics in the airports has become required as a result of several cases of hacking into aeroplanes. This has a significant influence on the global market for airport biometrics.
Restraints and Challenges:
Higher Initial Cost to act as Market Restraint
The higher initial price, data security issues, vulnerability to cyber-attack, and technical limitations may act as market restraints over the forecast period.
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Market Segmentation:
The global airport biometrics market is bifurcated based on technology and components.
Based on components, hardware will lead the market over the forecast period.
By technology, physical characteristics will domineer the market over the forecast period.
COVID-19 Analysis:
The Covid-19 epidemic in 2020 increased demand for contact-free biometric services at airports because they provide identity and verification without any physical touch. Contactless biometric services provide quick and accurate identification while limiting exposure. Additionally, the pandemic has compelled airport management to implement contactless thermal checking biometric equipment to monitor passenger admission by measuring body temperature. Throughout the projected period, it is anticipated that the contactless airport biometric services industry will continue to rise. Airports all around the world are quickly implementing contactless biometric services including face recognition, voice recognition, & 3D advanced fingerprint recognition.
Regional Analysis:
North America to Command Airport Biometrics Market
During the projection period for the airport biometrics market, North America is expected to have a very robust rise. This is a result of the use of biometric tools and systems, as well as the expansion of businesses, government structures, financial institutions, and retail sales locations. Additionally, it is projected that increasing commercial space and utilizing biometric technology to remotely monitor personnel and employee attendance will accelerate the expansion of the airport biometrics industry. Additionally, it is projected that more Internet of Things-based biometric systems would be implemented for customer identification reasons by Fintech companies, telecom operators, retailers, banks, and other industries, generating more lucrative growth potential for market participants.
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