Market Summary
The E-Passport Market is growing due to innovation, evolving demand, and industry shifts. This report offers insights into market size, value, trends, competitive analysis, and key company strategies. It supports strategic planning with data-driven forecasts and regional insights, helping stakeholders identify opportunities, assess performance, and navigate the changing landscape effectively.
Key Report Highlights:
- Market size and projections
- Recent strategic moves by companies
- Primary stakeholders
- Import and export trends
- Competitive landscape assessment
- Emerging opportunities
- Market trends and indicators
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Market size and projections
The Global E-Passport Market size is estimated to grow at a CAGR of around 21.65% during the forecast period, i.e., 2024-30.
Market Key Driver –
The market has grown significantly due to substantial government initiatives aimed at streamlining border procedures and enhancing security to prevent fraud. Additionally, with the growth of globalization, international travel has surged during the past few decades. This growth in international travel has also led to a surge in individuals evading standard legal procedures through fraudulent documents.
Competitive Landscape:
The report profiles key players in the E-Passport market, including:
- 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
These companies are adopting strategies such as mergers, acquisitions, and partnerships to strengthen their market position.
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E-Passport Market Segmentation Analysis:
The market is segmented into the following categories:
By Type
- Biometric e-Passports
- Face Recognition
- Fingerprint Recognition
- Iris Recognition
- Others
- Non-Biometric e-Passports
- Radio-Frequency Identification (RFID)
- Others
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
- Extended Access Control
- Supplemental Access Control
- Biometric Authentication
By Component
- Electronic Chip
- Antenna
- Biometric Capture Devices
- Others
By Application
- Traveling
- Business Travel
- Leisure Travel
- Border Control and Immigration
- Identity Proof
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Globally, e-passport initiatives have been put in place by European nations, including the UK, Germany, France, etc., to improve border security and expedite immigration procedures.
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Key Questions Covered in the Report:
- What is the current size and value of the E-Passport market?
- How is the E-Passport market expected to grow by 2030?
- What key trends are shaping the future of the E-Passport market?
- What factors are driving demand in the E-Passport industry?
- Which regions show the strongest growth in the E-Passport market?
- Who are the major players in the E-Passport market and their strategies?
- What segments are leading revenue generation in the E-Passport market?
- How are regulations influencing the E-Passport market outlook?
- What are the major challenges facing the E-Passport market?
- What new technologies are emerging in the E-Passport industry?
- How is consumer behavior evolving in the E-Passport market space?
- What opportunities exist for new entrants in the E-Passport market?
- How does pricing vary across regions in the E-Passport market?
- What investment trends are impacting the E-Passport market growth?
- What is the forecasted CAGR for the E-Passport market through 2030?
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