The Europe Passport Reader Market would witness market growth of 10.4% CAGR during the forecast period (2022-2028).
The e-passport will eliminate the need for travelers to wait in huge lines at immigration desks since it can be checked in within a few minutes. It employs contactless smart card technology, with a microprocessor chip (computer chip) and antenna (for both power to the chip and communication) integrated into the front or rear cover, or the middle page, of the passport.
Critical passport information is printed on the passport's data page, replicated on machine-readable lines, and saved in the chip. Public key infrastructure (PKI) is used to authenticate the data contained electronically in the passport chip, making it costly and impossible to fake provided all security methods are implemented appropriately.
The countries of Europe are crowded into a relatively small continent. The Schengen Agreement unites 26 European nations to facilitate the free movement of residents and tourists across borders. Certain countries (such as the United States) do not require a visa to visit certain nations, whereas others do. People from countries requiring a visa to enter the Schengen Area need just the Schengen visa to travel between these countries.
The Germany market dominated the Europe Passport Reader Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $28,541.9 Thousands by 2028. The UK market is anticipated to grow at a CAGR of 9.5% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 11.2% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Passport Reader Market will Hit $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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