Global E-Passport Market Size, Trends & Growth Opportunity, By Technology (Radio Frequency Identification (RFID), Biometrics), By application (Leisure Travel, Business Travel) By Region and Forecast till 2027
Report ID : IR100343 | Industries : Energy & Power | Published On :May 2024 | Page Count : 242
Global E-Passport Market Size, Trends & Growth Opportunity, By Technology (Radio Frequency Identification (RFID), Biometrics), By application (Leisure Travel, Business Travel) By Region and Forecast till 2027
Global E-Passport Market
The global E-Passport market was valued at US$ 25.57 billion in 2021 and it is expected to reach
at US$ 125.13 billion in 2027 at a CAGR of 27.5 % during forecast period 2022-2027.
E-passport also known as electronic passports. Increase in need to strengthen security features of passports to reduce the rise in threat of identify frauds is primarily drive the global e-passport market. E-passports are also called as biometric passports have an additional layer of security not found in regular passports. These passports are equipped with electronic devices or contactless integrated circuits like RFID chips. RFID chip contains biometric data.
Market Drivers
Increase in advanced verification means to detect identify frauds is considered as key driving factor which is expected to boost the global e-passport market growth. Also, presence of advanced airport infrastructure facilities will positively contribute the market growth. Moreover, increase in number of people travelling in the cross border destinations will propel the market growth. Also, increase in adoption of e-passport by developing nations which are expected to fuel the market growth in near future.
Market Restraints
However, high cost associated with initial deployments and replacements are major challenging factors which are expected to hamper the global e-passport market growth during this analysis period.
COVID-19 Impact
With the outbreak of covid-19 due to several restriction and lockdown imposed by government,cancelled international travelling service which disrupt many industries.the increase in demand for E-Passport technology like RFID and biometrics fuels the market.
Recent Development:-
Advanced technologies like machine learning and artificial intelligence,in e-passports are evolved. International Civil Aviation Organization (ICAO) introduce a new version of LDS, called LDS2, which incorporate read-write function enabling storage of travel data. RFID technology with biometrics reduce fraud and becomes vital for privacy and national security.
Market segmentation
Global E-Passport Market is segmented into technology such as Radio Frequency Identification (RFID), and Biometrics. Further, market is segmented into application such as Leisure Travel, and Business Travel.
Also, Global E-Passport Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as Gemalto N.V., Entrust Datacard Corporation, Mhlbauer Group, Infineon Technologies AG, HID Global Corporation, Eastcompeace Technology Co., Safran S.A., Eastcompeace Technology Co, and 4G Identity Solutions
Market Taxonomy
By Technology
• Radio Frequency Identification (RFID)
• Biometrics
By Application
• Leisure Travel
• Business Travel
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global E-Passport Market?
• What will be the growth rate from 2022 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the role of key players in the value chain?
Global E-Passport Market TOC:
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global E-Passport Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global E-Passport Market, By Technology
5.1 Y-o-Y Growth Comparison, By Technology
5.2 Global E-Passport Market Share Analysis, By Technology
5.3 Global E-Passport Market Size and Forecast, By Technology
5.3.1 Radio Frequency Identification (RFID)
5.3.2 Biometrics
6 Global E-Passport Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global E-Passport Market Share Analysis, By Application
6.3 Global E-Passport Market Size and Forecast, By Application
6.3.1Leisure Travel
6.3.2 Business Travel
7Global E-Passport Market, By Region
7.1 Global E-Passport Market Share Analysis, By Region
7.2 Global E-Passport Market Share Analysis, By Region
7.3 Global E-Passport Market Size and Forecast, By Region
8North America E-Passport Market Analysis and Forecast (2020 – 2027)
8.1 Introduction
8.2 North America E-Passport Market Share Analysis, By Technology
8.3 North America E-Passport Market Size and Forecast, By Application
8.4 North America E-Passport Market Size and Forecast, By Country
8.4.1 U.S
8.4.2 Canada
8.4.3 Mexico
9Europe E-Passport Market Analysis and Forecast (2020 – 2027)
9.1 Introduction
9.2 Europe E-Passport Market Share Analysis, By Technology
9.3 Europe E-Passport Market Size and Forecast, By Application
9.4 Europe E-Passport Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4. Rest of Europe
10Asia Pacific E-Passport Market Analysis and Forecast (2020 – 2027)
10.1 Introduction
10.2 Asia Pacific E-Passport Market Share Analysis, By Technology
10.3 Asia Pacific E-Passport Market Size and Forecast, By Application
10.4 Asia Pacific E-Passport Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11Latin America E-Passport Market Analysis and Forecast (2020 – 2027)
11.1 Introduction
11.2 Latin America E-Passport Market Share Analysis, By Technology
11.3 Latin America E-Passport Market Size and Forecast, By Application
11.4 Latin America E-Passport Market Size and Forecast, By Country
12Middle East E-Passport Market Analysis and Forecast (2020 – 2027)
12.1 Introduction
12.2 Middle East E-Passport Market Share Analysis, By Technology
12.3 Middle East E-Passport Market Size and Forecast, By Application
12.4 Middle East E-Passport Market Size and Forecast, By Country
13Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14Company Profiles
15.1 Gemalto N.V
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Entrust Datacard Corporation
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Mhlbauer Group
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Infineon Technologies AG
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 HID Global Corporation
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Eastcompeace Technology Co
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Safran S.A
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Eastcompeace Technology Co
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 4G Identify Solution
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies