According to Markntel Advisors Report, E-Passport Market is expected to grow at a significant growth rate, and the analysis period is 2024-2030, considering the base year as 2023. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
An e-passport, also known as an electronic or biometric passport, is an international travel document that helps people travel abroad and also provides an international identity card. It contains personal information such as a passport number, nationality, date of birth, first and last name, and an electronic microprocessor chip that contains information such as fingerprints, photographs, and signatures.
E-Passport Market Research Report & Summary:
The Global E-Passport Market size is estimated to grow at a CAGR of around 21.65% during the forecast period, i.e., 2024-30.
Time Period Captured in the Report:
- Historical Years: 2019-2022
- Base Years: 2023
- Forecast Years: 2024-2030
Who are the Key Players Operating in the E-Passport Market?
The top companies of the E-Passport Market ruling the industry are:
CardLogix Corporation, 4G Identity Solutions, 3M, HID Global Corporation, IDEMIA, Infineon Technologies AG, Eastcompeace Technology Co., Ltd., Entrust Corporation, Muhlbauer Group, Iris Corporation, Thales Group, Safran Identity and Security, PrimeKey Solutions AB, Datacard Group, Others,
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What is included in E-Passport Market Segmentation?
The E-Passport Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Type
- Biometric e-Passports- Market Size & Forecast 2019-2030, (USD Million)
- Face Recognition
- Fingerprint Recognition
- Iris Recognition
- Others
- Non-Biometric e-Passports- Market Size & Forecast 2019-2030, (USD Million)
- Radio-Frequency Identification (RFID)
- Others
- Biometric e-Passports- Market Size & Forecast 2019-2030, (USD Million)
- By Security
- Basic Access Control- Market Size & Forecast 2019-2030, (USD Million)
- Extended Access Control- Market Size & Forecast 2019-2030, (USD Million)
- Supplemental Access Control- Market Size & Forecast 2019-2030, (USD Million)
- Biometric Authentication- Market Size & Forecast 2019-2030, (USD Million)
- By Component
- Electronic Chip- Market Size & Forecast 2019-2030, (USD Million)
- Antenna- Market Size & Forecast 2019-2030, (USD Million)
- Biometric Capture Devices- Market Size & Forecast 2019-2030, (USD Million)
- Others- Market Size & Forecast 2019-2030, (USD Million)
- By Application
- Traveling- Market Size & Forecast 2019-2030, (USD Million)
- Business Travel- Market Size & Forecast 2019-2030, (USD Million)
- Leisure Travel- Market Size & Forecast 2019-2030, (USD Million)
- Border Control and Immigration- Market Size & Forecast 2019-2030, (USD Million)
- Identity Proof- Market Size & Forecast 2019-2030, (USD Million)
- Traveling- Market Size & Forecast 2019-2030, (USD Million)
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
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E-Passport Market Driver:
Surging International Travel to Drive Market Growth – During the last decade, many economies have experienced significant economic growth, leading to a surge in disposable income, which has enabled more individuals to afford international travel. Additionally, the increase in the number of low-cost carriers has made air travel more accessible, which has subsequently enhanced international tourism. For instance,
- In 2023, as per the United Nations World Tourism Organization (UNWTO), international arrivals reached approximately 1.3 billion.
The growth in international tourism has enhanced the focus on standardizing travel documents to ease the process of international travel, owing to which countries across the globe are adopting e-passports. Moreover, there’s been a significant increase in the number of students seeking educational opportunities abroad across the globe. Along with this, many universities and educational institutions, especially in North America and Europe, are actively promoting international campuses and partnerships. The increase in international student mobility highlights the advantages of adopting e-passports for governments to facilitate smoother and more efficient border crossings. This is anticipated to drive market growth & expansion during the forecast period.
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