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e-Passport Market By Type (Radio Frequency Identification (RFID) & Biometrics), By Application Analysis (Leisure Travel & Business Travel), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 - 2026

Covid-19

Global e-Passport Market Size, Share

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Industry Insights

[197+ Pages Report] We at Facts and Factors have recently titled “e-Passport Market” that encompasses the spectacle of the market in an analytical and comprehensive manner. We at Facts & Factors estimate that the global e-Passport Market will be valued at USD 65.87 Billion in the year 2026 from an initial value of USD 23.6 Billion in the year 2020 at a CAGR value of 19.9%.

logoMarket Overview

e-Passport or biometric passport or digital passport is an electronic format of a traditional format that has an embedded computer chip that contains the information of the user in order to authenticate the identity of the passport user. This computer chip often incorporates a form of contactless smartcard technology that further integrates a microprocessor chip and an antenna for the intended power for the chip and the communication network that is either centered in the front or back or the center page of the passport. Public key infrastructure (PKI) is often used for authenticating the data that is often stored in the passport chips which makes them incredibly difficult to forge which makes the security measures for the latter at a much higher standard.

logoIndustry Growth Factors

The primary driving factors for the rapid growth of the global e-passport market can be contributed to rising measures among verification technology towards detecting any formats of identity frauds and increased need for advanced airport infrastructure among developing nations to name a few. Additionally, an increasing number of people opting for air travel and rising adoption in the form of wireless communication measures are further expected to increase the footprint of the global e-passport market during the forecast period. Factors pertaining to less processing time and rising prevalence among cyber-attacks are expected to fuel the growth of the global e-passport market during the forecast.

The increasing trend of multi-modal biometric models is expected to drive the growth of the global e-passport market during the forecast duration for a higher growth rate. Integration of additional security points such as face and iris recognition and an overall increased format of security is expected to boost the growth of the global e-passport market during the forecast duration. Increased adoption of biometrics security is expected to open new revenue opportunities for the global e-passport market during the forecast period. Higher implementation costs will hamper the growth of the global e-passport market during the forecast duration to some extent.

logoSegmentation Analysis

The global e-Passport market can be segmented into technology, application, and regions. The global e-passport market can be broken down into radio frequency identification (RFID) and biometrics on the basis of type. The segment pertaining to RFID is expected to witness the largest market share during the advent of the forecast owing to increased functionality due to a combination of paper and electronic devices embedded within biometrics devices coupled with increased integration of RFID technology among the developing nations such as China, Japan, and India to name a few. The global e-passport market can be divided into leisure travel and business travel on the basis of application. The segment pertaining to leisure travel is expected to occupy the largest market share during the advent of the forecast owing to reducing the price of air travel due to a dynamic and competitive field coupled with added benefits of using air travel such as restaurant-based incentives among others.

logo Report Scope

Report Attribute

Details

Market Size in 2020

USD 23.6 Billion

Projected Market Size in 2026

USD 65.87 Billion

CAGR Growth Rate

19.9%

Base Year

2020

Forecast Years

2021-2026

Key Market Players

Thales Group, Gemalto, Indian Security Press, Japan National Printing Bureau, Goznak, IDEMIA, and Others

Key Segments

Types, Applications, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

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logo Regional Analysis

Europe is expected to witness the largest market share during the advent of the forecast in terms of global revenue contribution. The primary driving factors for the dominant market share during the advent of the forecast owing to an increased number of people traveling across borders for a variety of reasons pertaining to trading, tourism, and health treatments coupled with a surge in students traveling to and fro Europe for educational needs to name a few. Additionally, increasing awareness among consumers about integrating various cultures and the rapid growth of international trading services is expected to fuel the growth of the e-passport market in the region during the forecast. The region of Asia-Pacific is expected to witness the largest market share during the advent of the forecast owing to rising disposable income among consumers coupled with increased integration of electronic and visual security measures to name a few.

logo Competitive Players

The key market participants for the global e-passport market are Fourg Identity Solutions, Ask Media Group LLC, Cardlogix Corporation, Entrust Corporation, HID Global Corporation, SAFFRAN, Thales Group, Gemalto, Indian Security Press, Japan National Printing Bureau, Goznak, IDEMIA, The Royal Mint, Casa Da Moeda Do Brasil, Canadian Bank Note, and Veridos Gmbh, among others.

logo By Type Segment Analysis

  • Radio Frequency Identification (RFID)
  • Biometrics

logo By Segment Application Analysis

  • Leisure Travel
  • Business Travel

logo By Regional Segment Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of MEA

Covid-19

e-Passport Market

The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample

Industry Major Market Players

  • Fourg Identity Solutions
  • Ask Media Group LLC
  • Cardlogix Corporation
  • Entrust Corporation
  • HID Global Corporation
  • SAFFRAN
  • Thales Group
  • Gemalto
  • Indian Security Press
  • Japan National Printing Bureau
  • Goznak
  • IDEMIA
  • The Royal Mint
  • Casa Da Moeda Do Brasil
  • Canadian Bank Note
  • Veridos Gmb

Frequently Asked Questions

Strict enforcement of laws by government authorities mandating e-Passport Market.
According to Facts and Factors research report, the global e-Passport Market accrued earnings worth approximately XX (USD Billion) in 2020 and is predicted to gain revenue of about XX(USD Billion) by 2028, is set to record a CAGR of nearly XX% over the period from 2021 to 2028.
North America will contribute lucratively towards the global market value over the estimated timeline. The regional market surge is subject to large-scale presence of giant participants in countries such as the U.S. Apart from this, favorable compensation policies along with high acceptance of new e-Passport Market will drive regional market trends. With regional governments enforcing strict laws pertaining to drug abuse, the market for e-Passport Market in North America is set to witness exponential growth over years to come. Legalization of cannabis in countries such as Canada and U.S. through passing of acts in parliament is likely to enlarge scope of e-Passport Market in North America over coming decade.
The key market participants include xx, xx, xx
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