A recent report published by Infinium Global Research on the airport e-gate market provides an in-depth analysis of segments and sub-segments in the global as well as regional airport e-gate market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional airport e-gate market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of the global airport e-gate market. According to the report, the global airport e-gate market is projected to grow at a CAGR of 19.0% over the forecast period of 2020-2026.
Airport e-gates offer security at the airports, help in avoid congestion at immigration counters, and ensure the right movement of passengers. The e-gates examine and read passport information, and capture facial recognition and iris biometric data using cameras. The e-gate system authenticates the identity of passengers with the help of various technologies such as iris scanning, face scanning, and fingerprint scanning. This system is used at the departure and arrival gates at the airports. Moreover, E-gate reduces the processing time required between the check-in to the boarding of the flight. The accuracy and efficiency offered by the e-gates over human security checks have contributed to their popularity in the market.
The spread of coronavirus is anticipated to affect the airport e-gate market discreetly over a short time span. Till May 2020, the COVID-19 had spread to almost every major country in the world, making it a global pandemic. Many industries in the world faced the severe impact of the pandemic. Aviation being one of the major industries affected negatively by the pandemic. Concern over the spread of COVID-19 coupled with the government restrictions on travelling has drastically reduced the number of passengers traveling by air or other means. Moreover, many airports were shut down during the pandemic as a control measure. These factors together are anticipated to hamper the growth of the airport e-gate market. However, the demand for advanced security and surveillance solutions has augmented from the aviation industry, in order to identify and track infected or potential COVID-19 patients. This, in turn, is expected to boost the market growth over the pandemic period as well as the long term.
The airport e-gate has a significant role in the passenger profiling system. The increase in the efficiency of passenger profiling system is the major factor driving the global airport e-gates market. Moreover, the rise in terrorist threats in the aviation industry has increased the demand for security checking to ensure the safety of the traveler. The e-gate system helps in reducing the time requires for security checking. However, the high cost of the system is restraining the airport e-gate market growth. These systems are expensive as they use several advanced technologies for the verification of passengers. On the other hand, automation in airport e-gate system is expected to boost the market over the forecast period. The border control process with the traveler authentication software provides the advantage to control in the e-Passport and captured live at the checkpoint. Moreover, the automated e-gate system offers flexibility and process management for airports and checkpoints. The emergence of innovative and efficient technologies such as Artificial Intelligence and IoT is expected to shift passengers smoothly through airport checkpoints.
In terms of geography, North America generated the largest revenue in the global airport e-gates market. The higher investments in security systems and the high adoption of advanced technology are the major factors boosting the market growth in this region. Moreover, a growing number of passengers traveling from the region and to the region is further expected to augment the market growth in North America. Asia Pacific region is projected to hold a significant market share followed by the European region. The growing economy, urbanization, and digitization are expected to propel the growth of the airport e-gate market in these regions.
The report on the global airport e-gate market covers segments such as product and application. On the basis of product, the sub-markets include semi-automatic, fully automatic, and other. On the basis of application, the sub-markets include airport lounge, airport entrance/exit, and other.
The report provides profiles of the companies in the market such as Gemalto NV, NEC Corporation, Safran SA, Ayonix, Inc., DERMALOG Identification Systems GmbH, IHS Markit, Ltd., SITA Inc, Atos SE, Vision-Box, and Other Companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the airport e-gate market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.