E-passport Market 2023 Business Development Technology and Growth Analysis

E-passport Market was valued at $11,752 million in 2016, and is projected to reach $57,061 million by 2023, growing at a CAGR of 25.4% from 2017 to 2023. An e-passport contains an electronic chip, which holds the same information that is printed on the passport’s data page such as the holder’s name, date of birth, and other biographical information. Rise in advanced verification processes to detect identity frauds has necessitated the emergence of e-passport to satisfy high need for enhanced security. Further, presence of advanced airport infrastructure facilitates and increase in the number of people traveling to cross-border destinations provide the marketers immense scope to target their customers and enhance the user experience.

E-passports are mainly used to authenticate the identity of a traveler during international travels. This technology stores data about the traveler on a smart chip, which bears a unique identification number and a digital signature. Its use is more secure than traditional paper technology, as it reduces the risk of data duplication and alteration. The data stored electronically on the chip is authenticated by public key infrastructure (PKI), which helps eliminate forgeries. Fingerprint, facial, and iris recognition are the major biometric modalities used in this technology. Increase in thefts, illegal immigration, and transborder crimes fuels e-passport market. Moreover, ability of e-passport to provide faster security checks and verification of individuals at airports and international borders; and rise in adoption by many countries to enhance the safety of citizens, lower the rate of passport, and visa fraud boost the demand for e-passport market.

Major Key Players of the E-passport Market are:
Gemalto N.V., M?hlbauer Group, Entrust Datacard Corporation , HID Global Corporation , Infineon Technologies AG, Safran S.A. , Eastcompeace Technology Co., CardLogix Corporation, 4G Identity Solutions, ASK.

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Radio frequency identification (RFID) is expected to grow at a significant pace during the forecast period. The leisure travel segment led the market in 2016, and is expected to continue to this trend in the near future. Furthermore, the European region is expected to dominate overall market during the forecast period, as it deploys e-passports on a larger scale.

BY TECHNOLOGY:
Radio Frequency Identification (RFID)
Biometrics

BY APPLICATION:
Leisure Travel
Business Travel

Research objectives:-– To study and analyze the global E-passport consumption (value & volume) by key regions/countries, product type and application, history data.
– To understand the structure of the E-passport market by identifying its various sub-segments.
– Focuses on the key global E-passport manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
– To analyze the E-passport with respect to individual growth trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

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Table of Content

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 E-passport Market Size
2.2 E-passport Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 E-passport Market Size by Manufacturers
3.2 E-passport Key Players Head office and Area Served
3.3 Key Players E-passport Product/Solution/Service
3.4 Date of Enter into E-passport Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global E-passport Sales by Product
4.2 Global E-passport Revenue by Product
4.3 E-passport Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global E-passport Breakdown Data by End User

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In the end, E-passport industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.

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