Airport Biometrics Market Research Report - Forecast till 2030

Airport Biometrics Market Research Report: Information by Component (Hardware, Software), Technology (Physical characteristics (Face, Iris, Fingerprint, Hand Geometry, & Others), Behavioral characteristics (Signature, Voice, Middleware, & Others), & Region (North America, Asia-Pacific, Europe, the Middle East & Africa, and Latin America) - Forecast till 2030

ID: MRFR/A&D/4545-HCR | December 2022 | Region: Global | 100 pages

Impact of COVID-19 on Global Airport Biometrics Market


Current Impact


The COVID-19 impact on the airport biometrics market is evolving. The industry has witnessed the immediate and clear impact of the pandemic. The industry had witnessed a boom owing to the rising investments in agile and smart airport concepts and the increasing development of airports by developing countries such as China and India. However, due to COVID-19, manufacturing activities have come to a halt, and airspace restrictions have increased. Such factors are likely to restrict the growth of the airport biometrics market. However, the demand for contactless biometric systems at airports provides an opportunity for the global airport biometrics market and various other markets such as airport passenger screening system market.


Impact on the Global Airport Biometrics Market


According to Market Research Future, the global airport biometrics market is expected to grow at a significant growth rate owing to various factors such as the increasing development of new airports in developing countries such as China and India and the rising investments in smart airport concepts. However, the ongoing coronavirus pandemic has impacted the market. As there are airspace restrictions across the globe and aircraft have been grounded, many airports are closed. The airport authorities are expected to face heavy losses in the coming months. Only a few airports are operating where airlines are providing air cargo services and providing evacuation services.


Moreover, in 2020, a lower GDP of major economies, such as the US, China, the UK, France, Germany, India, Italy, Japan, Brazil, and Canada, anticipate a potential decrease in investments in the aviation industry.


US


The US is also a hub to major airport biometric system manufacturers such as Aware, Inc. and Raytheon Technologies Corporation. These companies are actively involved in developing biometric systems for airports. However, during the rising cases of COVID-19 in the country, the companies have had to face disruptions such as slow supply chain movement, unavailability of labor, and other factors causing a slowdown in production. Hence, such factors are likely to hamper the market growth in the country.


France


In France, the rising cases of COVID-19 have impacted the economy of the country and the airport biometrics market. There are approximately 28,596 deaths in the country due to COVID-19 as of May 2020. The pandemic has impacted prominent airport biometrics systems manufacturers such as Thales Group and Safran based in France as well. Due to reduced air passenger traffic, the slowdown in the supply chain, and slowed production, Safran reported a 20.4% organic decrease as compared to the 1st quarter of 2019 due to a reduction in air passenger traffic, airlines preserving funds, and disruptions of operations. Hence, such factors are impacting the airport biometrics market in France.


China


Since the outbreak of COVID-19 in the country, various manufacturing activities have come to a standstill. This has negatively impacted to market in the country. In China, there are approximately 82,926 confirmed COVID-19 cases as of May 2020. The country is a major aviation hub in the Asia-Pacific region. However, increasing travel restrictions, lockdown, and unavailability of labor, the growth of the market is expected to get hampered during the forecast period. According to BBC, the Chinese airline passenger traffic fell by 84.5% in February 2020 owing to the rapid spread of COVID-19. However, the increasing initiatives undertaken by the aviation authorities of the country to reduce the impact on the aviation industry is expected to drive the market growth in the country.


Japan


In Japan, the presence of prominent companies such as NEC Corporation, Panasonic Corporation, and FUJITSU are expected to drive market growth in the country. However, due to rising COVID-19 cases and air travel restrictions in the country, the market is expected to witness a slowdown during the forecast period. Moreover, increasing losses incurred by the country’s flag carriers due to COVID-19 is also expected to restrict the growth of the airport biometrics market in the country. For example, in April 2020, Japan Airlines' net profit declined by 65% for the fiscal year ending in March 2020 due to the closing of international borders and the cancellation of major domestic events. However, prominent airport biometric systems manufacturers such as NEC Corporation are investing in scientific researches for developing vaccines for COVID-19. For example, in April 2020, NEC Corporation designed blueprints for coronavirus using Artificial Intelligence (AI). This is likely to positively impact the growth of the market in the country during the forecast period.


The Road Ahead


As the aviation industry is adversely affected at this point, losses such as non-execution of contracts are likely to take place. Moreover, the closing of regional airlines is also expected to hamper the growth of the market. As aircraft continue to be grounded, in the coming months, many airport biometrics systems providers are expected to face losses.


Role of Market Research Future


As a market research and consulting company, Market Research Future has been continuously monitoring and tracking the COVID-19 pandemic and its impact on various markets within the aerospace & defense industry. All our research studies have been updated to accommodate the impact of COVID-19 in the respective market to provide our customers with comprehensive market data along with present and future trends with macro and micro-level impact factors.