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Global Automated Border Control Market to 2027 by Component (Hardware, Software, Service), Solution (ABC e-gate v/s ABC kiosk), Application (Airport, Land port, Seaport) - ResearchAndMarkets.com

·4 min read

The "Global Automated Border Control Market By Component (Hardware, Software, Service), By Solution (ABC e-gate v/s ABC kiosk), By Application (Airport, Land port, Seaport), By Company, By Region, Forecast & Opportunities, 2027" report has been added to ResearchAndMarkets.com's offering.

The Global Automated Border Control Market is expected to grow at a formidable rate of around 18% during the forecast period.

The Global Automated Border Control Market is driven by the growing increasing adoption of advanced technologies such as IoT, AI, facial recognition, biometric identification system, among others. Additionally, the growing security concerns along with maintaining enhanced passenger travelling experience is further expected to propel the market during the forecast period.

Furthermore, ongoing technological advancements and new product launches by the key vendors operating in the market is expected to create lucrative opportunities for the market growth through 2026. However, high initial investment involved can hamper the market growth over the next few years. Besides, lack of standardization can further impede the market growth during the forecast period.

The Global Automated Border Control Market is segmented based on component, solution, application, company and region. Based on component, the market can be categorized into hardware, software and service. The hardware segment is expected to dominate the market attributable to the increasing need for biometric verification technology in the border control process.

On the contrary, the software segment is expected to grow on account of the high efficiency and enhanced performance of biometric and document recognition database algorithms. Based on solution, the market can be bifurcated into ABC e-gates and ABC kiosks. The ABC e-gates segment is expected to dominate the market owing to the increasing need for automation and increasing passenger traffic. Additionally, these can process maximum number of passengers while maintaining security.

Regionally, the Global Automated Border Control Market has been segmented into various regions including Asia-Pacific, North America, South America, Europe, and Middle East & Africa.

Among these regions, Asia Pacific is expected to register the significant growth in the overall automated border control market owing to the increasing security concerns which has led to the deployment of ABC kiosks and gates by the different governments in the region. Furthermore, increasing tourism and growing need to enhance travel experience further fuel the market growth in the region through 2026.

The major players operating in the Global Automated Border Control Market are Gemalto, OT-Morpho, SITA, Indra Sistemas, secunet Security Networks, Vision-Box, Gunnebo, NEC Corporation, Accenture, Cross Match Technologies and others.

Major companies are developing advanced technologies and launching new services in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.

Key Target Audience:

  • Automated border control service provider companies

  • Market research and consulting firms

  • Government bodies such as regulating authorities and policy makers

  • Organizations, forums and alliances related to automated border control

Years considered for this report:

  • Historical Years: 2016-2019

  • Base Year: 2020

  • Estimated Year: 2021

  • Forecast Period: 2022-2026

Report Scope:

In this report, the Global Automated Border Control Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Global Automated Border Control Market, By Component:

  • Hardware

  • Software

  • Service

Global Automated Border Control Market, By Solution:

  • ABC e-gate

  • ABC kiosk

Global Automated Border Control Market, By Application:

  • Airport

  • Land port

  • Seaport

Global Automated Border Control Market, By Region:

  • North America

  • United States

  • Canada

  • Mexico

  • Europe

  • Germany

  • France

  • United Kingdom

  • Italy

  • Spain

  • Asia-Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

  • South America

  • Brazil

  • Argentina

  • Colombia

Companies Mentioned

  • Gemalto NV

  • ATOS SE

  • Aware, Inc.

  • Cognitech Systems GmbH

  • Collins Aerospace (Raytheon Technologies subsidiary)

  • Dermalog Identification Systems GmbH

  • Gunnebo Group

  • NEC Corporation

  • Accenture PLC

  • Cross Match Technologies Inc.

For more information about this report visit https://www.researchandmarkets.com/r/vwahe1

View source version on businesswire.com: https://www.businesswire.com/news/home/20210222005741/en/

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com

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Moody’s Investors Service downgraded Ercot one notch from A1 to Aa3 and revised the grid operator’s credit outlook to “negative.”Retroactively adjusting the power price would ease the financial squeeze on some of the companies facing astronomical power bills in the wake of the energy crisis. EDF Renewable Energy and Just Energy are among those asking the Public Utility Commission to reset the power price for the days after the immediate emergency while others have also asked regulators to waive their obligation to pay until price disputes are resolved.“If we don’t act to stabilize things, a worst-case scenario is that people will go under,” said Carrie Bivens, the Ercot independent market monitor director at Potomac Economics. “It creates a cascading effect.”The erroneous charges exceed the total cost of power traded in real-time in all of 2020, said Bivens, who spent 14 years at Ercot, where she most recently was director of market operations before becoming its watchdog. “It’s a mind-blowing amount of money.”While prices neared the $9,000 cap on the first day of the blackouts, they soon dipped to $1,200 -- a fluctuation that the utility commission later attributed to a computer glitch. The panel, which oversees the state’s power system, ordered Ercot to manually set the price at the maximum to incentivize generators to feed more electricity into the grid during the period of supply scarcity. The market monitor argues that Ercot should have reset prices once rotating blackouts ended because, at the point, the emergency was over.It’s asking the commission to direct Ercot to correct the real-time price of electricity from 12 a.m. Feb. 18 to 9 a.m. Feb. 19. Doing so could save end-customers around $1.5 billion that otherwise would be passed through to them from electricity providers, Bevins said.But power generators that reaped substantial profits from the high prices during the crisis week are likely to push back. Vistra Corp. on Thursday submitted comments to the utility commission arguing against repricing. During a Texas senate hearing the same day, utilities South Texas Electric Cooperative and the Lower Colorado River Authority also voiced opposition.Texas Competitive Power Advocates, a trade association representing generators, said retroactively changing prices could discourage future investments in Texas’s electricity market. “Changing prices after the fact creates additional instability and uncertainty,” Michele Richmond, the group’s executive director, said in an email.Bivens acknowledged the market monitor isn’t typically in favor of repricing, but noted in her letter to the commission that the move wouldn’t result in any revenue shortfalls for generators. Instead, the new price would reflect the actual supply, demand and reserves during the period.“This isn’t some Monday morning quarterbacking,” she said in an interview. “Ercot made an error and we don’t let errors slide.”The utility commission on Wednesday adopted a prior recommendation made by the market monitor, voting to to claw back some payments to power generators for services they never actually provided during energy crisis. The commissioners also expressed support for capping the price of certain grid services -- a request made by several retailers -- but didn’t take action on it. Another commission meeting is scheduled for Friday.(Adds Ogelman quote, Moody’s downgrade in fifth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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