The Automated Border Control (ABC) Market was valued at USD 456.5 Million in 2016 and is expected to reach USD 1,577.7 Million by 2022, at a CAGR of 17.45% between 2017 and 2022. The major drivers for the growth of the ABC market are rising security concerns, enhanced traveler convenience in the border crossing process, and increasing need for automation across all port facilities. Of all the major applications of ABC, airport holds the largest share of the ABC market. The demand for ABC across airports is growing owing to the increasing passenger traffic across the globe. The increasing passenger traffic at airports is mainly because of the increasing travel and tourism activities and economic development across the globe. Among solution types, the ABC e-gate held a larger share of the automated border control market. This growth can be attributed to the increasing need for automation and increasing passenger traffic. ABC e-gates can process maximum number of passengers while ...
According to the new market research report " Fiber Optics Gyroscope Market by Sensing Axis (1, 2, and 3), Device (Gyrocompass, Inertial Measurement Unit, Inertial Navigation System, and Attitude Heading Reference System), Application, and Geography - Global Forecast to 2022" , is expected to be worth USD 1,037.0 Million by 2022, at a CAGR of 3.61% between 2016 and 2022. The major driver for the growth of the fiber optics gyroscope market is the increasing defense expenditure globally. The overall fiber optics gyroscope market is driven by factors such as the huge demand for remotely operated vehicles guidance and growing adoption of automation in industries and homes. The market for inertial navigation systems is expected to grow at the highest CAGR between 2016 and 2022. Inertial navigation system is a commercial off-the-shelf navigation and control solution, which uses sensor fusion to deliver reliable, high-accuracy navigation and control to a wide variety of unm...