International co-operation on travel security to fuel biometrics and border control markets: Frost & Sullivan
New analysis from Frost & Sullivan predicts that the global border control and biometrics market is projected to expand steadily due to increasing international co-operation on travel security issues.
The report, Global Border Control and Biometrics Market Assessment, finds that the market earned revenues of $5,836.5 million in 2012 and estimates this to reach $15,836 million by 2021. The research covers security, military, government and law enforcement applications.
“Enhanced international collaboration related to travel security is pressuring governments to implement electronic documents and readers,” Frost & Sullivan’s Aerospace & Defence Research Analyst Krzysztof Rutkowski said. “This is an enabler for airports and border control agencies to become more efficient in their business-as-usual functions.”
The report also indicates that electronic documents, such as passports, and eGate technology is set to transform international travel.
The Biometrics Research Group Inc. projects that the global biometrics market will grow to $15 billion by 2015 from its 2012 estimated value of $7 billion.
Western markets have already implemented ePassports and are beginning to experiment with eGates. According to the research, The majority of the projects in Europe are still in a pilot phase and 62.5 per cent of all these deployments use facial recognition as the prime biometric modality.
Reported previously in BiometricUpdate.com, Russia will begin to issue electronic ID cards in 2015 to replace existing internal passports. These new eIDs will contain biometrics of the cardholder.
The eastern markets on the other hand, including India and China, are planning to implement ePassports in 2013. Revenues generated from ePassports will be augmented by sales of eGates, which will be deployed at airports and other border crossings.
Research from the firm also shows that budget constraints and privacy concerns threaten the universal and swift adoption of biometric technology. Such challenges are poised to decrease in importance once the technology becomes cheaper and citizens get better educated about their manifold benefits.
“It is imperative that citizens start using biometric technology in their everyday lives,” Rutkowski said. “This will definitely increase the awareness and acceptance of the technology.”
Frost & Sullivan’s analysis of the Southeast Asia and Australia-New Zealand biometrics market finds that marketed revenue is expected to reach approximately US$600 million in 2016.
access control | biometric cards | biometrics | border control | eID | ePassports | facial recognition | fingerprint | identification | travel and tourism