Global E-passport Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028

“Global E-passport Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global E-passport market report has been segmented on the basis of technology, application, and region.

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Global E-passport Market: Overview

E-passport or digital passport is basically a passport that is embedded with electronic microprocessor chip, which holds similar information mentioned over printed passport such as the name of the person, date of birth, and other personal information to confirm the identity of the passport holder.

E-passport aids in maintaining security because data is stored on the chip and limits the chance of changes in data, hence is more secure.

Global E-passport Market: Dynamics

Increasing demand for authentic and innovative confirmation procedures to identify scams has driven the demand of e-passport to fulfill the high need of consumer for better security is a major factor expected to drive growth of the target market.

In addition, advancements in airport infrastructure with various facilitates and growing tourism industry are other major factors expected to drive growth of the global e-passport market.

Moreover, e-passport technology stores data over the smart electronic chip with the unique identification number along with digital signature of holder in turn leads to reduction of data duplication issues is another major factor expected to drive growth of the global e-passport market.

Furthermore, e-passports usually are used for identifying person by using public key infrastructure (PKI) as it avoids various risks as it is an integrated technology. This, in turn, is expected to drive growth of the global e-passport market.

Increasing adoption of e-passport, owing to as it robust security with individual’s verification at international borders, and many countries providing better security to their citizens and maintain safety from visa fraud is other major factor drive growth of the global e-passport market.

However, e-passport involves high costs and limited spending by government across emerging countries are some of the major factors that could restrain growth of the global e-passport market.

Global E-passport Market: Segment Analysis

Among all technology segments, radio frequency identification (RFID) segment is estimated to contribute significant revenue share, owing to gaining popularity of RFID as a wireless means for various process transaction. However, biometric segment is expected to register fastest growth during the forecast period.

Global E-passport Market: Regional Analysis

North America e-passport market is expected to account for significant revenue share in the global market, due to stringent government regulations and increasing airport infrastructure development activities.

The e-passport market in Europe is projected to register fastest growth, owing to increasing tourism and as it considers safer than traditional passport system.

Global E-passport Market Segmentation:

Segmentation by technology:

• Radio Frequency Identification (RFID)
• Biometrics

Segmentation by application:

• Leisure Travel
• Business Travel

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

• Gemalto N.V
• Muehlbauer AG
• Entrust Datacard Corporation
• HID Global Corporation
• Infineon Technologies AG
• Safran SA
• Eastcompeace Technology Co.,ltd
• 4G Identity Solutions Private Limited
• CardLogix Corporation