E-gates Market to grow by USD 2.4 billion from 2022 to 2027, Need to reduce airport operating expenses boost the market growth - Technavio

NEW YORK, Oct. 15, 2023 /PRNewswire/ -- The e-gates market by type (hardware, software, and service), application (airport and government), and geography (Europe, North America, APAC, Middle East and Africa, and South America) - Forecast and Analysis 2023-2027 report has been added to technavio offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the e-gates market between 2023 and 2027 is USD 2.4 billion. .Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here

The increasing need to reduce airport operating expenses drives the market growth during the forecast period. The main advantage of this automated system is that it improves safety on the ground and in the air and helps minimize ongoing operating costs. In addition, it offers airports a quick return on investment in this automated system with a cost-effective way to monitor exit lanes. Hence, such factors drive the market growth during the forecast period.

Market Challenge - 

• Resistance to adopting technologies is a major challenge hindering market growth. New technologies are emerging in a short span of time. Therefore, people have more potential to refuse to use new technological advances as they might seem too trustworthy to them. Therefore, these technologies may seem inappropriate, unwanted, or undesirable to users. Thus it can limit the adoption and hinder the market growth during the forecast period.
• Learn about additional key drivers, trends, and challenges available with Technavio. Read FREE Sample PDF Report Now

The e-gates market is segmented by type (hardware, software, and service), application (airport and government), and geography (Europe, North America, APAC, Middle East and Africa, and South America). 

• The market share growth of the hardware segment is significant during the forecast period. This segment can be used for verification and scanning must be able to prevent security violations. Some of the main hardware used in electronic gates include cameras for facial recognition, light-emitting diode (LED) screens to display traveler information, automatic gates that permit customers to pass through after verification, and iris and fingerprint scanners. Hence, such factors fuel the growth of this segment, which in turn drives the market growth during the forecast period.
• Europe accounts for 37% of the growth of the global market during the forecast period. The expansion of airports will increase the demand for airport e-gates in the region. In addition, the growing focus on enhancing border security in the region is fuelling the demand for e-gates. Hence, such factors drive the market growth in Europe during the forecast period.

View the FREE Sample Report for insights into the contribution of all the segments and regional opportunities in the report.

Key Companies in the e-gates market:

Amadeus IT Group SA, Atos SE, Ayonix Pty Ltd., Cognitec Systems GmbH, Cominfosec Inc., DERMALOG Identification Systems GmbH, FAAC S.P.A., Giesecke Devrient GmbH, Gunnebo AB, IDEMIA France SAS, Imprimerie Nationale S.A., Indra Sistemas SA, NEC Corp., Raytheon Technologies Corp., SITA, Thales Group, VISION BOX SOLUCOES DE VISAO POR COMPUTADOR SA, Wanzl GmbH and Co. KGaA, Westminster Group Plc, and E Gates Technologies India Pvt. Ltd.

Related Reports:

The cyber weapon market size is estimated to grow at a CAGR of 11.21% between 2022 and 2027. The market size is forecast to increase by USD 8,083.76 million. 

The mobile situational awareness market size is estimated to grow at a CAGR of 4.53% between 2022 and 2027. The market size is forecast to increase by USD 3,190.6 million. 

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Type

Market Segmentation by Application

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/e-gates-market-to-grow-by-usd-2-4-billion-from-2022-to-2027--need-to-reduce-airport-operating-expenses-boost-the-market-growth---technavio-301956326.html

SOURCE Technavio