Global Optical Character Recognition (OCR) Passport Reader Market
Global Optical Character Recognition (OCR) Passport Reader Market was valued at USD 502.30 million in 2021 and would rocket up to USD 881.74 million by 2027 at a CAGR of 7.68% from 2022-2027.
At airports, a passport reader is a security tool that verifies the validity of passports and can regulate access. Compact full-page readers, swipe readers, and self-service kiosks are some of the market varieties. Passport readers with optical character recognition (OCR) allow users to convert handwritten, typed, and scanned documents into data or machine-readable form.
Market Drivers
The key drivers of the market's growth throughout the anticipated period are an increase in the number of immigrants attempting to enter developed nations as well as the number of groups and individuals travelling across borders. The usage of immigration rates owing to official business, travel, job searching, and other reasons, which results in large adoptions of security devices around the world, is another major factor for market growth. Over the anticipated period, all of these elements are anticipated to fuel the market for optical character recognition (OCR) passport readers. The development of 3-D facial recognition technology and pattern-based biometric recognition in recent years has made it possible for biometric technology to satisfy the demands of both public and private businesses seeking improved identity and access control solutions. The high growth rates of the optical character recognition (OCR) passport reader market over the anticipated period can be attributed to the high adoption rates of security devices as a result of rising immigration rates around the world. The market for passport readers with optical character recognition (OCR) is being driven by all of these factors during the anticipated time frame.
It is predicted that the increasing use of optical character recognition (OCR) passport readers in various applications, including border control, airport security, and others, will create profitable opportunities for the market, which will accelerate the growth rate of the OCR passport reader market in the coming years. Additionally, during the anticipated period, the optical character recognition (OCR) passport reader market will present numerous growth opportunities due to technological advancements in the public and private sectors, including finger-vein recognition, 3-D face recognition using structured lighting, sensor interoperability, and others.
Market Restraints
The primary factors anticipated to provide difficulties for the optical character recognition (OCR) passport reader market throughout the forecast period are the rising implementation costs and the resulting technical problems.
Market Segmentation
Global Optical Character Recognition (OCR) Passport Reader Market is segmented into Type, Application and Sector. By Type such as Compact Full Page Reader, Swipe Readers, Self-Service Kiosk. By Application such as Airport Security, Border Control. By Sector such as Public, Private.
Regional Analysis
Global Optical Character Recognition (OCR) Passport Reader Market is segmented into five regions North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Based on the rising number of travellers using aeroplanes, the increasing use of electronic passports at hotels, immigration checkpoints, airport terminals, and other locations, and the prevalence of better airport infrastructure in the region, North America will continue to dominate the market for optical character recognition (OCR) passport readers during the forecast period. Due to the expanding demand for passport readers with optical character recognition (OCR) and the rising immigrant population in the area, Asia-Pacific is predicted to have considerable growth over the projected period.
Key Players
This report includes a list of numerous Key Players, namely Thales (France), Lintech Enterprises Limited (Australia), ACCESS CO., LTD. (Japan), Adaptive Recognition Inc. (Hungary), Regula (Latvia), DESKO GmbH (Germany), Bejing Wintone Science & technology Co. Ltd. (China), IER (France), 3M (U.S.), Veridos GmbH (Germany).
Market Taxonomy
By Type
By Application
By Sector
By Region
Global Optical Character Recognition (OCR) Passport Reader Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Optical Character Recognition (OCR) Passport Reader Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Optical Character Recognition (OCR) Passport Reader Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Optical Character Recognition (OCR) Passport Reader Market Share Analysis, By Type
5.3 Global Optical Character Recognition (OCR) Passport Reader Market Size and Forecast, By Type
5.3.1 Compact Full Page Reader
5.3.2 Swipe Readers
5.3.3 Self-Service Kiosk
6 Global Optical Character Recognition (OCR) Passport Reader Market, By Sector
6.1 Y-o-Y Growth Comparison, By Sector
6.2 Global Optical Character Recognition (OCR) Passport Reader Market Share Analysis, By Sector
6.3 Global Optical Character Recognition (OCR) Passport Reader Market Size and Forecast, By Sector
6.3.1 Public
6.3.2 Private
7 Global Optical Character Recognition (OCR) Passport Reader Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global Optical Character Recognition (OCR) Passport Reader Market Share Analysis, By Application
7.3 Global Optical Character Recognition (OCR) Passport Reader Market Size and Forecast, By Application
7.3.1 Airport Security
7.3.2 Border Control
8 Global Optical Character Recognition (OCR) Passport Reader Market, By Region
8.1 Global Optical Character Recognition (OCR) Passport Reader Market Share Analysis, By Region
8.2 Global Optical Character Recognition (OCR) Passport Reader Market Share Analysis, By Region
8.3 Global Optical Character Recognition (OCR) Passport Reader Market Size and Forecast, By Region
9 North America Optical Character Recognition (OCR) Passport Reader Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 North America Optical Character Recognition (OCR) Passport Reader Market Share Analysis, By Type
9.4 North America Optical Character Recognition (OCR) Passport Reader Market Size and Forecast, By Application
9.5 North America Optical Character Recognition (OCR) Passport Reader Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Optical Character Recognition (OCR) Passport Reader Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Europe Optical Character Recognition (OCR) Passport Reader Market Share Analysis, By Type
10.3 Europe Optical Character Recognition (OCR) Passport Reader Market Size and Forecast, By Sector
10.4 Europe Optical Character Recognition (OCR) Passport Reader Market Size and Forecast, By Application
10.5 Europe Optical Character Recognition (OCR) Passport Reader Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4. Rest of Europe
11 Asia Pacific Optical Character Recognition (OCR) Passport Reader Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Asia Pacific Optical Character Recognition (OCR) Passport Reader Market Share Analysis, By Type
11.3 Asia Pacific Optical Character Recognition (OCR) Passport Reader Market Size and Forecast, By Sector
11.4 Asia Pacific Optical Character Recognition (OCR) Passport Reader Market Size and Forecast, By Application
11.5 Asia Pacific Optical Character Recognition (OCR) Passport Reader Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Optical Character Recognition (OCR) Passport Reader Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Latin America Optical Character Recognition (OCR) Passport Reader Market Share Analysis, By Type
12.3 Latin America Optical Character Recognition (OCR) Passport Reader Market Size and Forecast, By Sector
12.4 Latin America Optical Character Recognition (OCR) Passport Reader Market Size and Forecast, By Application
12.5 Latin America Optical Character Recognition (OCR) Passport Reader Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Optical Character Recognition (OCR) Passport Reader Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Middle East Optical Character Recognition (OCR) Passport Reader Market Share Analysis, By Type
13.3 Middle East Optical Character Recognition (OCR) Passport Reader Market Size and Forecast, By Sector
13.4 Middle East Optical Character Recognition (OCR) Passport Reader Market Size and Forecast, By Application
13.5 Middle East Optical Character Recognition (OCR) Passport Reader Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Thales
15.1.1 Overview
15.1.2 Types
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. Lintech Enterprises Limited
15.2.1 Overview
15.2.2 Types
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. ACCESS CO., LTD.
15.3.1 Overview
15.3.2 Types
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Adaptive Recognition Inc.
15.4.1 Overview
15.4.2 Types
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Regula
15.5.1 Overview
15.5.2 Types
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 DESKO GmbH
15.6.1 Overview
15.6.2 Types
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Bejing Wintone Science & technology Co. Ltd.
15.7.1 Overview
15.7.2 Types
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 IER
15.8.1 Overview
15.8.2 Types
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 3M
15.9.1 Overview
15.9.2 Types
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Veridos GmbH
15.10.1 Overview
15.10.2 Types
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
