E-Passport Market

E-Passport Market Size, Share, Top Companies, New Technology, Demand and Forecast 2024-2032

The latest report by IMARC Group, titled “E-Passport Market Report by Technology (Radio Frequency Identification (RFID), Biometric), Security (Basic Access Control, Password Authenticated Connection Establishment, Supplemental Access Control, Extended Access Control), Application (Leisure Travel, Business Travel), and Region 2024-2032“, The global E-passport market size reached US$ 29.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 81.5 Billion by 2032, exhibiting a growth rate (CAGR) of 11.81% during 2024-2032.

An e-passport, also known as an electronic passport, is a technologically advanced travel document that securely stores personal identification information using embedded microchips. This digital evolution of traditional passports enhances security measures and streamlines the immigration process. E-passports incorporate biometric data, such as fingerprints or facial recognition, which adds an additional layer of authenticity and reduces the risk of identity fraud. As nations around the world seek to enhance border control and facilitate seamless travel, the adoption of E-Passports has emerged as a pivotal development. 

E-Passport Market Trends and Drivers:

The global e-passport market is witnessing substantial growth, driven by a convergence of factors that address both security concerns and the need for efficiency in travel processes. Governments across various regions are increasingly embracing e-passports to fortify national security by reducing the risk of forged passports and unauthorized border crossings. This heightened focus on security is compelling countries to transition to e-passports, which can store and verify biometric data in real-time, ensuring a higher degree of accuracy in identity verification. Moreover, the travel and tourism industry’s rapid expansion is influencing the market growth. As the number of international travelers continues to rise, the demand for expedited immigration procedures has intensified. E-passports offer the advantage of quicker processing times, minimizing queues and enhancing the overall travel experience. This trend is particularly beneficial in business travel, where time efficiency is of paramount importance. The market is also witnessing a shift toward enhanced user convenience, with the integration of contactless technology and mobile applications. Travelers can now access and store their information on their smartphones, reducing the reliance on physical documents. This digital transformation aligns with evolving consumer preferences for seamless, technology-driven interactions. 

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/e-passport-market/requestsample

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Technology:

  • Radio Frequency Identification (RFID)
  • Biometric

Breakup by Security:

  • Basic Access Control
  • Password Authenticated Connection Establishment
  • Supplemental Access Control
  • Extended Access Control

Breakup by Application:

  • Leisure Travel
  • Business Travel

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Competitive Landscape with Key Player:

  • 4G Identity Solutions Private Limited (Goldstone Technologies Ltd.)
  • CardLogix Corporation
  • Entrust Corporation
  • HID Global Corporation (Assa Abloy AB)
  • Infineon Technologies AG
  • Mühlbauer Group
  • Primekey Solutions AB (Keyfactor)
  • Thales Group

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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