The Automated Border Control (ABC) Market was valued at USD 456.5 Million in 2016 and is expected to reach USD 1,577.7 Million by 2022, at a CAGR of 17.45% between 2017 and 2022.
The major drivers for the growth of the ABC market are rising security concerns, enhanced traveler convenience in the border crossing process, and increasing need for automation across all port facilities.Of all the major applications of ABC, airport holds the largest share of the ABC market.
The increasing passenger traffic at airports is mainly because of the increasing travel and tourism activities and economic development across the globe.Among solution types, the ABC e-gate held a larger share of the automated border control market.
ABC e-gates can process maximum number of passengers while maintaining security.Request PDF Brochure : https://www.marketsandmarkets.com/requestsampleNew.asp?id=24899883Hardware component holds the largest share of the automated border control market owing to the increasing need for biometric verification technology in the border control process.
Additionally, biometric verification is the most accurate and authenticated validation technology suggested by transport authorities globally.APAC is expected to be the fastest-growing market for ABC between 2017 and 2022.
The government support to deploy ABC to enhance security and traveler convenience makes the ABC market attractive in the APAC region.The key restraining factors for this market are the lack of standardization and large capital requirement for infrastructure projects.