Global E-passport Market Opportunities and Forecast 2023-2030

E-passport Market Overview

The global E-passport market is expected to grow at a significant rate in the forthcoming years. Because of a number of variables, the global e-passport market is on the rise. For security concerns, increased global travel for both leisure and business is mandating a high level of protection. Regular passports without biometric capability run the risk of allowing illegal individuals to board international flights. Such ill-intentioned travellers run the risk of jeopardizing the safety of other passengers on the aircraft. E-passports are a solid option to avoid such instances, driving the e-passport market.
 
Furthermore, emerging laws, such as ICAO, are assisting the adoption of e-passports by allowing governments to add strong security safeguards for international travel. As a result, the e-passport market is boosted. Finally, outsourcing visa services necessitates the inclusion of a security layer to passports. Individuals seeking visas for countries that outsource their visa service to a third party must have an additional layer of protection added to their passports. E-passports have been used to address the security flaws in traditional passports, and are consequently regarded as a formidable answer. The global e-passport market is benefiting as a result of this.

Covid-19 Impact on E-passport Market

Consumers across the globe are adjusting to the new normal and there is a noteworthy discrepancy in consumer behavior. Consumer's purchasing habits, behavior, and attitudes have changed in light of COVID-19. People are shopping very consciously and are majorly centered on basic needs and are buying locally. Consumers are using digital commerce to play, learn, and connect to manage isolation and follow social distancing policy. The covid-19 has consistently impacted the shopping behavior of 9 in 10 consumers. Nearly 30-50 percent of the consumers have shifted towards online shopping from March 2020 to December 2020.
 
E-passport Market Segment Overview



Based on Technology, the Radio Frequency Identification (RFID) segment dominated the e-passport industry in 2023 and is expected to maintain its dominance throughout the forecast period. This is mainly because of the increase in deployment of RFID chips that allowed e-passports services among developing countries such as China, Japan, and India. Additionally, biometric is anticipated to grow at a higher level in the forecast period. This is due to a decrease in the threat of identity frauds and a rise in the need to improve the security of the personal information of travelers.
 
E-passport Market, By Application
·       Leisure Travel
·       Business Travel

E-passport Market, By Technology
·       Radio Frequency Identification (RFID)
·       Biometric

E-passport Market Regional Overview

The global e-passports market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Among them, North America is a significant region in the overall market. A key factor driving the North American e-passports market is high-level security measures at airports and country borders in developed countries of the area for civilian security. Moreover, Asia Pacific is estimated to be one of the quickest developing zonal markets in the forthcoming year. High-level security measures at airports, country borders in developed countries of the region for civilian security is a key factor driving the North American e-passports market. This is owing to the recent occurrence of terror incidents, which has heightened the level of vigilance among defense forces. Cross-border travel is becoming increasingly scrutinized in order to keep an eye out for people with nefarious intentions.
 
E-passport Market, By Geography
 
·       North America (US & Canada)
·       Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
·       Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
·       LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
 
E-passport Market, Key Players

·       Atlantic Zeiser
·       Gemalto
·       PrimeKey
·       Arjo Systems
·       Entrust
·       Oberthur
·       Multos International
·       Edaps Overseas
·       M2SYS
·       Kona I
·       ASK
·       Muhlbauer Group
·       3M
·       Austria Card
·       De La Rue
·       Safelayer S.A.

Frequently Asked Questions (FAQ) :

Q1. What are the driving factors for the E-passport market?

Q2. Which Segments are covered in the E-passport Market report?

Q3. Which segment is projected to hold the largest share in the E-passport Market?

Q4. Which region holds the largest share in the E-passport market?

Q5. Which are the prominent players in the E-passport Market?