The global e-passport market revenue was around US$ 28.8 billion in 2022 and is estimated to reach US$ 211.5 billion by 2031, growing at a compound annual growth rate (CAGR) of 24.8% during the forecast period from 2023 to 2031.
An electronic passport is sometimes referred to as a biometric passport or an e-passport. It is a sophisticated type of travel document that uses electronic technology to improve security and expedite immigration procedures. E- passports are imbedded with a microchip that securely retains the biometric information (facial recognition or fingerprints), digital photo, and personal data of the passport bearer.
Market Driving Factors
The surge in integration of wireless technologies such as smart cards in e-passports, which provides airline industries multiple benefits such as improvement in the security of biometric information such as iris scan, palm scan, digital signature, and fingerprints is expected to boost the market growth. Additionally, radio-frequency identification (RFID) and radio-frequency identification (RFID) reader tags are utilised in e-passport technology to automatically identify and track traveller information such as age, name, address, and date of birth providing lucrative prospects for the market.
Raise investments by private and government organizations to develop advanced airport infrastructure across developing nations to boost the market. Additionally, several countries across the world are deploying advanced technologies such as geographic information systems, biometric passport technology, and facial recognition technology to identify threats and frauds at airports. As a result, various airport development companies have been utilizing digital technologies to enhance operational efficiency and performance at airports.
Various e-passport providers have been manufacturing e-passport technology with cutting-edge magnetic tape cards, which raises the overall price of e-passports. This will create a negative impact on the market.
Regional Analysis
Europe dominated the market and is expected to continue its dominance over the projection period. This can be attributed to the surge in the requirement to eliminate passport fraud and to manage concerns associated with international business and personal security.
Asia-Pacific is expected to witness a significant growth rate during the projection period. This is due to the surge in demand among developing countries, the increase in favourable government policies regarding e-passports across the region, and the introduction of e-passport smart gates at airports across several developing nations in the region.
Segmentation Insights
Technology Insight
The radio frequency identification (RFID) segment dominated the market. This is due to the surge in the integration of RFID technology in e-passports to boost border security by reducing the possibility of fake passports and the creation of new passports.
The biometric segment is expected to dominate the market. This is because surge in the adoption of biometric sensors to lower several fraud activities at airports.
Application Insight
Leisure travel segment dominates the market. Leisure travellers benefit from the convenience and efficiency that e-passports bring to the table. Automated processes, such as self-service kiosks equipped with RFID readers and biometric authentication, decrease the time spent at immigration checkpoints, confirming that travellers can swiftly navigate through the exit and entry procedures. In addition, leisure travellers feel more confident due to the advanced security features of e-passports, such as biometric data storage and encryption, knowing that their personal information is protected against identity theft and unauthorised access.
Prominent Companies
Segmentation Outline
The global e-passport market segmentation focuses on Technology, Application, and Region.
By Technology
By Application
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL E-PASSPORT MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: E-PASSPORT MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL E-PASSPORT MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL E-PASSPORT MARKET, BY TECHNOLOGY
5.1 OVERVIEW
5.2 RADIO FREQUENCY IDENTIFICATION (RFID)
5.3 BIOMETRIC
6 GLOBAL E-PASSPORT MARKET, BY APPLICATION
6.1 OVERVIEW
6.2 LEISURE TRAVEL
6.3 BUSINESS TRAVEL
7 GLOBAL E-PASSPORT MARKET, BY GEOGRAPHY
7.1 OVERVIEW
7.2 NORTH AMERICA
7.2.1 NORTH AMERICA MARKET SNAPSHOT
7.2.2 U.S.
7.2.3 CANADA
7.2.4 MEXICO
7.3 EUROPE
7.3.1 EUROPE MARKET SNAPSHOT
7.3.2 WESTERN EUROPE
7.3.2.1 THE UK
7.3.2.2 GERMANY
7.3.2.3 FRANCE
7.3.2.4 ITALY
7.3.2.5 SPAIN
7.3.2.6 REST OF WESTERN EUROPE
7.3.3 EASTERN EUROPE
7.3.3.1 POLAND
7.3.3.2 RUSSIA
7.3.3.3 REST OF EASTERN EUROPE
7.4 ASIA PACIFIC
7.4.1 ASIA PACIFIC MARKET SNAPSHOT
7.4.2 CHINA
7.4.3 JAPAN
7.4.4 INDIA
7.4.5 AUSTRALIA & NEW ZEALAND
7.4.6 ASEAN
7.4.7 REST OF ASIA PACIFIC
7.5 MIDDLE EAST & AFRICA
7.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
7.5.2 UAE
7.5.3 SAUDI ARABIA
7.5.4 SOUTH AFRICA
7.5.5 REST OF MEA
7.6 SOUTH AMERICA
7.6.1 SOUTH AMERICA MARKET SNAPSHOT
7.6.2 BRAZIL
7.6.3 ARGENTINA
7.6.4 REST OF SOUTH AMERICA
8 GLOBAL E-PASSPORT MARKET COMPETITIVE LANDSCAPE
8.1 OVERVIEW
8.2 COMPANY MARKET RANKING
8.3 KEY DEVELOPMENT STRATEGIES
8.4 COMPETITIVE DASHBOARD
8.5 PRODUCT MAPPING
8.6 TOP PLAYER POSITIONING, 2022
8.7 COMPETITIVE HEATMAP
8.8 TOP WINNING STRATEGIES
9 COMPANY PROFILES
9.1 THALES GROUP
9.1.1 OVERVIEW
9.1.2 FINANCIAL PERFORMANCE
9.1.3 PRODUCT OUTLOOK
9.1.4 KEY DEVELOPMENTS
9.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.2 HID GLOBAL CORPORATION
9.2.1 OVERVIEW
9.2.2 FINANCIAL PERFORMANCE
9.2.3 PRODUCT OUTLOOK
9.2.4 KEY DEVELOPMENTS
9.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.3 INFINEON TECHNOLOGIES AG
9.3.1 OVERVIEW
9.3.2 FINANCIAL PERFORMANCE
9.3.3 PRODUCT OUTLOOK
9.3.4 KEY DEVELOPMENTS
9.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.4 3M
9.4.1 OVERVIEW
9.4.2 FINANCIAL PERFORMANCE
9.4.3 PRODUCT OUTLOOK
9.4.4 KEY DEVELOPMENTS
9.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.5 SAFRAN
9.5.1 OVERVIEW
9.5.2 FINANCIAL PERFORMANCE
9.5.3 PRODUCT OUTLOOK
9.5.4 KEY DEVELOPMENTS
9.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.6 CARDLOGIX CORPORATION
9.6.1 OVERVIEW
9.6.2 FINANCIAL PERFORMANCE
9.6.3 PRODUCT OUTLOOK
9.6.4 KEY DEVELOPMENTS
9.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.7 MUHLBAUER GROUP
9.7.1 OVERVIEW
9.7.2 FINANCIAL PERFORMANCE
9.7.3 PRODUCT OUTLOOK
9.7.4 KEY DEVELOPMENTS
9.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.8 4G IDENTITY SOLUTIONS
9.8.1 OVERVIEW
9.8.2 FINANCIAL PERFORMANCE
9.8.3 PRODUCT OUTLOOK
9.8.4 KEY DEVELOPMENTS
9.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.9 ENTRUST CORPORATION
9.9.1 OVERVIEW
9.9.2 FINANCIAL PERFORMANCE
9.9.3 PRODUCT OUTLOOK
9.9.4 KEY DEVELOPMENTS
9.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.10 EASTCOMPEACE TECHNOLOGY CO LTD
9.10.1 OVERVIEW
9.10.2 FINANCIAL PERFORMANCE
9.10.3 PRODUCT OUTLOOK
9.10.4 KEY DEVELOPMENTS
9.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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