Global E-Passport Market

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The Global E-Passport Market holds the potential to reach USD XX Bn. by 2027 during a forecast period.

The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.

Global E-Passport Market, An E-passport is also called a biometric passport. It is a passport with an integrated chip or circuit embedded in the passport. This chip holds data, which is essential for the identity verification of the passport holder. It adds an extra layer of security, which is unavailable in a regular passport. Growing security concerns regarding international travel are expected to create lucrative opportunities for the e-passport market over the forecast period.

The report covers the detailed analysis of the global e-passport market with the classifications of the market on the basis of technology, application, components, type, security, and region. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key player's contribution in it.

The report has profiled sixteen key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same.
Global E-Passport Market Dynamics

The growing threat of identity fraud is driving the market

The growing need for security strengthening due to the rising threat of identity fraud is one of the major factors driving the market during the forecast period. An increase in global air passenger traffic is expected to propel the market growth during the forecast period. Increasing modernizations of the airports are the supporting factor for the market.

Growing tourism across the world is also expected to accelerate market growth during the forecast period. Data stored in the chip can be read by a special chip reader, which eliminates the chances of information leaks. Increasing terrorist threats across the world are further propelling the demand for enhanced security, which is expected to accelerate the market growth during the forecast period.

Increasing disposable income and changing lifestyles of the populace are fueling the demand for international tourism, which is expected to boost the market over the forecast period. With added security layer with biometric technology, an e-passport is more secure as compared to the traditional passport as it eliminates the chances of data alteration and duplication. Government initiation to take measures for adoption of e-passport is expected to drive the market growth during the forecast period.

Lack of awareness of e-passport is expected to hinder the market growth.

Lack of awareness regarding e-passport in under-developed countries is expected to hinder the market growth during the forecast period.

Reduced processing time with e-passport is expected to create new opportunities.

The processing time required with an e-passport is less than compared to a regular passport and with increasing technological advancement, the processing time is expected to reduce further. This is expected to create lucrative opportunities for the market. In addition to this, Government initiative and measures to increase the use of e-passport is expected to generate new prospects for the market over the forecast period.
Scope of the Global E-Passport Market :Inquire before buying

The market is divided into six main segments and further into sub-segments to forecast the market size by value.
Global E-Passport Market, by Technology

• Radio Frequency Identification (RFID)
• Biometrics

Global E-Passport Market

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The biometrics segment is expected to command the largest market share of XX% by 2027.

The biometrics segment is expected to experience the highest growth of XX% CAGR during the forecast period. Thanks to the growing technological advancement in the biometric segment. Biometrics provides a high-security assurance and an enhanced user experience for the user. However, the Radio Frequency Identification (RFID) segment is also expected to experience significant growth during the forecast period. Thanks to the automated data collection feature, which further reduces human effort.
Global E-Passport Market, by Application

• Leisure Travel
• Business Travel

Global E-Passport Market1

The leisure travel segment is expected to command the largest market share of XX% by 2027.
The growing tourism industry is expected to fuel the leisure travel segment during the forecast period. Governments across the world are investing in tourism development, which is further expected to create a surge in the demand of the leisure travel segment.

Availability of cost-effective air travel fares and changing lifestyle of the populace is the supporting factor for the growth of the leisure travel segment. The business travel segment is also expected to experience significant growth. Thanks to the increasing industrialization and global expansion of businesses.
Global E-Passport Market, by Component

• Software
• Hardware
• Services
Global E-Passport Market, by Type

• Ordinary E-Passport
• Diplomatic E-Passport
Global E-Passport Market, by Security

• Basic Access Control (BAC)
• Password Authenticated Connection Establishment (PACE)
• Supplemental Access Control (SAC)
• Extended Access Control (EAC)
Global E-Passport Market, by Region

• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• South America

Europe is expected to command the largest market share of XX% by 2027

Europe is expected to command the largest market share by 2027, thanks to the early adaptation of biometrics services in countries like Germany, France, the UK, and others. Increasing security concern regarding international air travel is expected propel the market growth during the region. The growing modernization of airports across the region is expected to create a positive influence on the market over the forecast period. Increasing government investment in the tourism sector is one of the major factors behind the growth of the market in the region.

The presence of technological advancement in the region is further expected to accelerate the market growth during the forecast period. Measures taken by the government in response to an increasing threat of terrorism are expected to fuel the market growth over the forecast period. North America is also expected to experience significant growth during the forecast period. Thanks to the modernization of airports and civilian security concerns regarding Identity theft

The Asia Pacific is an emerging region for the e-passport market, increasing awareness and growing adaptation of e-passport is expected to propel the market growth in the region. A Raised security alert due to a security breach and terror attacks in the past is expected to boost the demand of the market over the forecast period. Tourism development and increasing disposable income are the supporting factors for market growth.

Global E-Passport Market2
Covid-19 Impact on the Market:

• The coronavirus pandemic has placed tremendous pressure on businesses and sectors across the globe. Governments from all countries have introduced a lock-up to detect the transmission of infectious diseases. The contribution of these regulations has created a negative impact on the aviation industry.

• The coronavirus adversely impacted the E-Passport market. Restriction on public transportation and the disruption caused by the lockdown would harm the market. Most of the sectors are not functioning properly due to the influence of Covid-19 which has caused an adverse impact on the Global E-Passport Market.

The objective of the report is to present a comprehensive analysis of the Global E-Passport Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.

The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global E-Passport Market dynamics, structure by analyzing the market segments and project the Global E-Passport Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global E-Passport Market make the report investor’s guide.
Global E-Passport Market Key Players

• Atlantic Zeiser
• Gemalto
• PrimeKey
• Arjo Systems
• Entrust
• Oberthur
• Multos International
• Edaps Overseas
• M2SYS
• Kona I
• ASK
• Muhlbauer Group
• 3M
• Austria Card
• De La Rue
• Safelayer S.A.
Global E-Passport Market, by Technology

• Radio Frequency Identification (RFID)
• Biometrics
Global E-Passport Market, by Application

• Leisure Travel
• Business Travel
Global E-Passport Market, by Component

• Software
• Hardware
• Services
Global E-Passport Market, by Type

• Ordinary E-Passport
• Diplomatic E-Passport
Global E-Passport Market, by Security

• Basic Access Control (BAC)
• Password Authenticated Connection Establishment (PACE)
• Supplemental Access Control (SAC)
• Extended Access Control (EAC)
Global E-Passport Market, by Region

• Asia-Pacific
• North America
• Europe
• South America
• Middle East & Africa
Key Players Operating in Global E-Passport Market

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