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Global E-passport Market Size, Share, Growth, Trends: By Type: Radio Frequency Identification, Biometrics; By Application: Leisure Travel, Business Travel; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032
Global E-Passport Market Outlook
The global e-passport market reached a value of nearly USD 39.82 billion in 2023. The industry is expected to grow at a CAGR of about 19.8% in the forecast period of 2024-2032 to reach a value of approximately USD 208.33 billion by 2032.
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Europe is a leading e-passport market as the region deploys e-passports on a larger scale. The rising acceptance of e-passport in countries like the United Kingdom is expected to drive the industry in the coming years. Recently, the United Kingdom enabled visitors from countries like Australia, Japan, New Zealand, Singapore, South Korea, Canada, and the United States to use the e-passport gates for swifter entry into the country. The e-passport market in Europe is expected to be aided by the rising adoption of multimodal biometric identification. The use of multiple biometric identifiers, including fingerprints, iris, and face, to confirm authentication is called multimodal biometric identification. As a result, multimodal biometrics can provide enhanced security layers and help to overcome the error rates of normal biometrics.
Due to the technological advancements taking place in biometrics, the segment is growing at a faster rate as compared to radio frequency identification. Radio frequency identification, however, is still expected to grow at a positive rate in the coming years with the adoption of e-passport by many emerging markets. Leisure travel is one of the leading application sector for e-passport.
The e-passport market is being significantly driven by the rising urbanisation and globalisation across all the major regions. The growing urbanisation and globalisation have led to an increased number of passengers travelling by air, especially in developing countries like India, China, and Indonesia. The Asia Pacific region is likely to emerge as one of the leading s by the end of 2026. This rise in the number of passengers has significantly aided the e-passport market demand. Multiple countries are planning to introduce e-passport smart gates at airports, which can simplify the identification of the passengers and, thus, the immigration process. With e-passports expected to be introduced in countries like Bangladesh and India, the industry is expected to be further propelled forward in the Asia Pacific region.
Market Segmentation
The e-passport features an electronic chip, which includes the same information that is written on the passport data page: the name of the applicant, the date of birth, and other biographical information. The e-passport also includes a biometric identifier.
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The two types of e-passport are:
- Radio Frequency Identification
- Biometrics
The application sector can be divided into the following:
- Leisure Travel
- Business Travel
The regional e-passport markets include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Market Analysis
The global e-passport market is being driven by the rising identity thefts and frauds. The rising demand for increased security is driving the demand for e-passport further. The rising cases of visa and passport frauds is another factor, which is driving the demand for e-passports. These e-passports will eventually help in reducing the transborder crimes and illegal immigration. Illegal immigration increases the threat to the security of the nation and the citizens; thus, the security at the border needs to be tightened. The e-passports will help ease the identification process and lower the fraud rates.
Long hours of waiting at the security check point has led to an increased need of e-passports. Thus, the demand for e-passports is also being aided by the need for faster and easier security checks at the airports. The demand for e-passports is also being supported by its cost-effectiveness, as they would be cheaper alternative to the printed passports and any changes can be made easily. These are also the preferred alternatives over the regular passports because they would not get old and cannot be lost or spoiled. The renewal process of these e-passports would also be much easier than the regular passports, making them a preferred alternative among the prospective consumers.
The advanced and developed infrastructure of the airports also demand a better and advance security check up system, which is expected to drive the industry growth of e-passports in the coming years. The growing air traffic is another factor driving the demand growth forward.
Competitive Landscape
April 2018- Gemalto N.V. (OTCMKTS: GTOMY), one of the leading digital security company, was awarded with the contract of designing and manufacturing the United Kingdom passport by the passport office.
The report gives a detailed analysis of the following key players in the global e-passport market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- CardLogix Corporation
- Eastcompeace Technology Co., Ltd.
- Entrust Corporation
- Thales Group
- HID Global Corporation
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application, Region |
| Breakup by Type | Radio Frequency Identification, Biometrics |
| Breakup by Application | Leisure Travel, Business Travel |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | CardLogix Corporation, Eastcompeace Technology Co., Ltd., Entrust Corporation, Thales Group, HID Global Corporation, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global E-Passport Market Analysis
8.1 Key Industry Highlights
8.2 Global E-Passport Historical Market (2018-2023)
8.3 Global E-Passport Market Forecast (2024-2032)
8.4 Global E-Passport Market by Type
8.4.1 Radio Frequency Identification
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Biometrics
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global E-Passport Market by Application
8.5.1 Leisure Travel
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Business Travel
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global E-Passport Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America E-Passport Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe E-Passport Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific E-Passport Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America E-Passport Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa E-Passport Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 CardLogix Corporation
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Eastcompeace Technology Co., Ltd.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Entrust Corporation
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Thales Group
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 HID Global Corporation
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global E-Passport Market: Key Industry Highlights, 2018 and 2032
2. Global E-Passport Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global E-Passport Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global E-Passport Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global E-Passport Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global E-Passport Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global E-Passport Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America E-Passport Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America E-Passport Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe E-Passport Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe E-Passport Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific E-Passport Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific E-Passport Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America E-Passport Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America E-Passport Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa E-Passport Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa E-Passport Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global E-Passport Market Structure
Key Questions Answered in the Report
In 2023, the global e-passport market attained a value of nearly USD 39.82 billion.
The market is projected to grow at a CAGR of 19.8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 208.33 billion by 2032.
The major drivers of the market include the need for faster and easier security checks, cost-effectiveness, advanced and developed infrastructure of the airports, growing air traffic, rising urbanisation, globalisation, technological advancements, and a rise in the number of passengers.
The rising identity thefts and frauds and the rising demand for increased security are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, Middle East and Africa, Europe, and Asia Pacific with Europe accounting for the largest share in the market.
The two types of e-passports are radio frequency identification and biometrics.
Leisure travel and business travel are the major application of the market.
The major players in the industry are CardLogix Corporation, Eastcompeace Technology Co., Ltd., Entrust Corporation, Thales Group, and HID Global Corporation, among others.
Analyst Review
The global e-passport market attained a value of nearly USD 39.82 billion in 2023, driven by the rising identity thefts and frauds. Aided by rise in the number of passengers and rising demand for increased security, the market is expected to witness further growth in the forecast period of 2024-2032, growing at a CAGR of 19.8%.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The two types of e-passports are radio frequency identification and biometrics. Leisure travel and business travel are the major application of the market. The major regional markets for e-passport market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. with Europe accounting for the largest share in the market. The major players in the industry are CardLogix Corporation, Eastcompeace Technology Co., Ltd., Entrust Corporation, Thales Group, and HID Global Corporation, among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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