The passport reader market size is projected to reach US$ 368.2 million by 2031 from US$ 219.9 million in 2023. The market is expected to register a CAGR of 6.6% during 2023–2031. The use of mobile passport scanners is likely to remain a key trend in the market.
Passport Reader Market Analysis
Passport readers help detect forgeries and verify the identity in various law enforcement applications, mostly by the police. Governmental entities aside, commercial applications use passport readers to register guest data quickly and automatically. Passport scanners with appropriate verification software can detect production failures and discrepancies. They play a key role in the quality assurance process of identity document production.
Passport Reader Market Overview
A passport reader or passport scanner is actually a camera – a purpose-built imaging device that takes photos of the presented identity documents. The difference between a regular camera and a passport scanner is that the latter uses special illumination when capturing the document. In addition to visible white, it includes infrared and ultraviolet light sources as well. The images taken under these illuminations are used for specific image processing tasks, mainly for data reading and document verification. During the passport reading process, the Optical Character Recognition (OCR) software analyzes the scanned images. First, it identifies the document type and then digitalizes the characters. It outputs segmented personal and document data, such as name, date of birth, nationality, document number, expiry date, and more.
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Passport Reader Market: Strategic Insights
Market Size Value in US$ 212.40 Million in 2022 Market Size Value by US$ 310.17 Million by 2028 Growth rate CAGR of 6.5% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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Passport Reader Market: Strategic Insights
| Market Size Value in | US$ 212.40 Million in 2022 |
| Market Size Value by | US$ 310.17 Million by 2028 |
| Growth rate | CAGR of 6.5% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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Passport Reader Market Drivers and Opportunities
Increasing Number of Outbound Tourists to Favor Market
According to the Federation of Indian Chambers of Commerce and Industry (FICCI), international tourist arrivals have reached 80% of pre-pandemic levels in the first quarter of 2023, boosted by strong results in Europe and the Middle East, compared to a 66% recovery level for the year 2022. An estimated 235 million tourists travelled internationally in the first three months, more than double those in the same period of 2022. The Middle East saw the most impressive performance (+15%) and is the first world region to recover pre-pandemic numbers in a full quarter. Europe achieved 90% of pre-pandemic levels in Q1 2023, supported by strong intra-regional demand. Further, the Indian National Departures have registered a growth of 59.2% with respect to 2022. UAE, Saudi Arabia, USA, Singapore, and Thailand are the top destinations for Indian travellers. India's outbound tourism market is estimated to reach US$ 15163.4 Million in 2022 and is projected to rise by 11.4% CAGR between 2022 and 2032. Thus, with the growing tourism, the need for efficient border control systems increases, which drives the growth of the market.
Increasing Passport Forgery
Countries with weaker security measures used in passports and other documents usually have higher rates of forged IDs. The price of issuing legal identity documents reflects this. According to William Russel, an international insurer, an Australian passport is the most expensive travel document in the world now—US $230 per issue. Further, countries with the highest level of welfare, such as the US, Canada, or Germany, come to mind first when speaking about the most often faked IDs and passports. Usually, they are destinations for illegal immigrants. For example, in April 2024, the Fake Passport Investigation Wing of Greater Chennai City Police arrested six Bangladeshi nationals who produced Indian passports at Chennai International airports in the last two days. All of them had obtained Indian passports fraudulently based on Aadhar cards obtained here over the years. They used the Indian passports and had flown to Dubai, Kuwait or Malaysia for work as well. Such instances drive the growth of the market.
Passport Reader Market Report Segmentation Analysis
Key segments that contributed to the derivation of the passport reader market analysis are technology, type, application and sector.
- Based on the technology, the passport reader market is segmented as RFID, barcode, and OCR.
- Based on the type, the passport reader market is segmented into swipe readers, self-service kiosks, compact full-page readers, and portable readers.
- Based on the application, the passport reader market is segmented into airport security, border control, and other applications.
- In terms of sector, the market is segmented into public and private.
Passport Reader Market Share Analysis by Geography
The geographic scope of the passport reader market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America. Passport readers help detect forgeries and verify the identity in various law enforcement applications, mostly by the police. Governmental entities aside, commercial applications use passport readers to register guest data quickly and automatically, due to which the adoption of passport readers is growing globally.
Passport Reader Market Report Scope
Passport Reader Market News and Recent Developments
The passport reader market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the passport reader market are listed below:
- Beijing Wintone Science & Technology Co. Ltd. announced the launch of Ota's new passport reader device integrated with face recognition technology for the e-gate application. It can recognize any document in compliance with ICAO 9303.
(Source: Beijing Wintone Science & Technology Co. Ltd., October 2022)
- DESKO GmbH announced the launch of Ota's new PENTA Scanner 4X Cube. It is better, faster, and more efficient than the company's other scanners, which can scan all the documents needed.
(Source: DESKO GmbH, October 2022)
Passport Reader Market Report Coverage and Deliverables
The “Passport Reader Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Passport reader market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Passport reader market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Passport reader market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the passport reader market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Technology, Type, Application, and Sector
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, UAE, UK, US
Frequently Asked Questions
North America dominated the passport reader market in 2023.
The increasing number of outbound tourists is the major factors that propel the global passport reader market.
The use of mobile passport scanners to play a significant role in the global passport reader market in the coming years.
The leading players operating in the global passport reader market are Access Ltd, Adaptive Recognition Hungary, Inc., Bejing Wintone Science & Technology Co. Ltd., DESKO GmbH, IER SAS, Lintech Enterprises Limited, Regula, Shenzhen Rakinda Technologies Co., Ltd, Thales Group, and Veridos GmbH.
The global passport reader market is expected to reach US$ 368.2 million by 2031.
The market is expected to register a CAGR of 6.6% during 2023–2031.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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