Generally, biometrics can be defined as the measurement of body characteristics, or in other words, biological statistics. Forensics, Criminal prosecution, and police records have utilized pictures, body height, and fingerprints for a long time for identification purposes. However, the invention of automated technologies to evaluate and measure behavioral or physical characteristics of living beings drives the demand for respective airport biometrics. The airport biometrics market is anticipated to grow substantially in coming years all over the world.
MARKET SCOPE
The "Global Airport Biometrics Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the airport biometrics market with detailed market segmentation by component, technology, and geography. The report provides key statistics on the market status of the leading airport biometrics market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on component, the global airport biometrics market is segmented into hardware and software.
- On the basis of technology, the market is segmented into fingerprint recognition, face recognition, IRIS recognition, and others.
MARKET DYNAMICS
Drivers:
- Growing aviation sector in various countries of the world.
- Technological advancements in biometrics system.
Restraints:
- Cyber security threats may hinder the market growth
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). The airport biometrics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 17 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive porter's five forces analysis affecting the airport biometrics market worldwide.
IMPACT OF COVID-19 ON AIRPORT BIOMETRICS MARKET
The pandemic of COVID-19 has impacted the aviation industry to a great extent. Before the pandemic began, the demand for airport biometrics was growing notably owing to higher investment and increasing disposable income. Restriction of the limited workforce, temporary manufacturing shutdown, limited availability of raw material, and delay in scheduled deliveries has affected the production process negatively. Due to various travel restrictions, domestic and international flying was reduced drastically during the first 2 quarters of 2020. Owing to a decline in flying operations, demand for airport biometrics was impacted negatively. With physical distancing concerns, the demand for contactless biometric systems at airports is anticipated to rise substantially. With growing vaccination drives and ease in stringent restrictions, the aviation sector has started returning to its earlier state
MARKET PLAYERS
The report covers key developments in the airport biometrics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from airport biometrics market are anticipated to lucrative growth opportunities in the future with the rising demand for airport biometrics in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the airport biometrics market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Aware, Inc.
- FUJITSU
- IDEMIA
- NEC Corporation
- Panasonic Corporation
- Raytheon Technologies Corporation
- Safran
- SITA
- Thales Group
- Vision-Box