European Market Forecast
Automated border control market in Europe is predicted to account for the largest share of 35% by 2037 impelled by the growing tourism. Tourism is currently Europe's third largest economic sector, which is maintaining its momentum since tourist arrivals to the region are predicted to increase further in the coming years. For instance, in 2022 more than 60% of EU nationals took at least one independent tourist trip. In addition, the aviation sector is growing rapidly in the region and the air traffic will record "solid" growth driven by a combination of improved living standards and lower airfares.
North American Market Statistics
The North America automated border control market is estimated to be the second largest, during the forecast timeframe led by rising disposable income. This has led to increasing spending on air travel in the region, which may drive the demand for automated border control. In 2023, personal disposable income in the United States increased by more than 0.1% from the previous month.
Author Credits: Abhishek Verma
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