Market Research Report
Global Automated Border Control (ABC) Market 2020-2026
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|Global Automated Border Control (ABC) Market 2020-2026|
|Published: June 21, 2020||Content info:||
Global Automated Border Control (ABC) Market Size, Share & Trends Analysis Report, By Type (ABC E-Gates and ABC Kiosks), By Component (Hardware and Software and Services), By Application (Land Ports, Seaports, and Airports) and Forecast, 2020-2026
The global automated border control (ABC) market is estimated to witness considerable growth during the forecast period. The rising focus on improving port and airport infrastructure is primarily leading the demand for ABC systems. The governments of several countries are focusing on improving airport and port infrastructure owing to the rising number of air passengers and increasing global trade. As per the India Brand Equity Foundation (IBEF), in India, there were 137 operational airports as of March 2019. The Indian government launched a regional connectivity scheme referred to as UDAN (Ude Desh ka Aam Nagrik) which aims to make flying affordable for the common man.
This is one of the major factors for the increasing number of air passengers in the country and therefore, the government is planning to increase investment in improving airport infrastructure. For instance, the Airports Authority of India (AAI) plans to invest nearly $3.6 billion in the next five years to enhance infrastructure and facilities at airports. AAI intends to bring nearly 250 airports under operation in India by 2020. $6-6.5 billion is expected to be invested in the country's airport infrastructure during the period 2018-2023.
This, in turn, is creating a considerable scope for the adoption of ABC systems to meet the growth in air traffic and passenger traffic. ABC systems support to manage the problems resulted due to the rise of air passengers, including congestion at e-gates and delays in the arrival schedules of flights. Several modalities, such as fingerprint, face, or iris recognition, are utilized in most of the ABC systems situated at airports in the European areas. Therefore, the growing demand for air travelling is primarily contributing to market growth.
Geographically, the market is classified into North America, Europe, Asia-Pacific, and Rest of the World (RoW). Europe ABC market is being significantly driven by the significant focus on improving transportation infrastructure coupled with the rising international trade. Therefore, the region has a significant number of automated and semi-automated seaports that handles the bulk volume of cargo. The increasing automation in European ports is expected to drive the demand for ABC systems to verify the person before entering into the seaport and expanding security threats in coastal areas.
Some crucial players in the market include Atos SE, Assa Abloy AB, Gunnebo AB, NEC Corp., and Leidos, Inc. There are several strategies such as mergers and acquisitions, product launches, and partnerships and collaborations, are adopted by the market players to increasing their market share. For instance, in February 2019, Thales Group acquired Gemalto, a provider of digital identity and security solutions. With Gemalto, Thales will comprise the overall critical decision chain in a digital world, ranging from data generation through sensors, to real-time decision support. This acquisition enhances Thales's revenues to nearly $21.7 billion and self-funded R&D to nearly $1.1 billion annually, with 80,000 employees in 68 countries.
The market study of the global ABC market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings authenticity in our reports.
Secondary Sources Include:
The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.
The Report Covers: