MarkNtel Advisors recently published a detailed industry analysis of the Global E-Passport. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Global E-Passport, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The E-Passport Market size is estimated to grow at a CAGR of around 21.65% during the forecast period, i.e., 2024-30.
Key Findings in Global E-Passport:
- Historical Analysis: 2019–2022
- Base Year: 2023
- Forecast Period: 2024–2030
Leading Market Players-
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,
Key Highlights of the Report
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
What are the major Driver the Global E-Passport industry?
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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What segments define the Global E-Passport from 2024 to 20230? How do these segments contribute to market dynamics and growth?
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
According to report, During the past decade, there has been an increase in document fraud and identity theft, due to which many countries have faced difficulties in managing their border security.
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)
According to report, The biometric authentication segment holds a major share of the Global E-Passport Market and is anticipated to follow the same trend.
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)
Explore the Complete Global E-Passport Analysis Report – https://www.marknteladvisors.com/research-library/e-passport-market.html
Geographical Analysis: Global E-Passport
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
The Global E-Passport Industry Recent Development:
- In 2023: Infineon Technologies AG issued nearly five million next-generation electronic passports, incorporating (FSE: IFX / OTCQ: IFNNY) innovative coil-on-module (CoM CL) solution in Turkey. This cutting-edge technology, designed to meet the highest security standards, has resulted in an ultra-thin electronic data page that ensures exceptional durability and protection against forgery.
Key Questions Addressed in This Study
- What are the primary factors driving the growth of the Global E-Passport?
- How is the Global E-Passport expected to evolve over the next five years?
- What key insights can be drawn from current trends shaping the market?
- What is the current market size, and how is it forecasted to change in the coming years?
- What is the future outlook for the market in terms of technological innovation and geographic expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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