MarkNtel Advisors recently published a detailed industry analysis of the Global E-Passport Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Global E-Passport Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030

The E-Passport Market size is estimated to grow at a CAGR of around 21.65% during the forecast period, i.e., 2024-30.

What are the major Driver the Global E-Passport Market industry?

Surging International Travel to Drive Market Growth – During the last decade, many economies have experienced significant economic growth, leading to a surge in disposable income, which has enabled more individuals to afford international travel. Additionally, the increase in the number of low-cost carriers has made air travel more accessible, which has subsequently enhanced international tourism. For instance,

• In 2023, as per the United Nations World Tourism Organization (UNWTO), international arrivals reached approximately 1.3 billion.

The growth in international tourism has enhanced the focus on standardizing travel documents to ease the process of international travel, owing to which countries across the globe are adopting e-passports. Moreover, there's been a significant increase in the number of students seeking educational opportunities abroad across the globe. Along with this, many universities and educational institutions, especially in North America and Europe, are actively promoting international campuses and partnerships. The increase in international student mobility highlights the advantages of adopting e-passports for governments to facilitate smoother and more efficient border crossings. This is anticipated to drive market growth & expansion during the forecast period.

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What segments define the Global E-Passport Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?

• By Type
• Biometric e-Passports- Market Size & Forecast 2019-2030, (USD Million)
• Face Recognition
• Fingerprint Recognition
• Iris Recognition
• Others
• Non-Biometric e-Passports- Market Size & Forecast 2019-2030, (USD Million)
• Radio-Frequency Identification (RFID)
• Others

According to report, 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- Market Size & Forecast 2019-2030, (USD Million)
• Extended Access Control- Market Size & Forecast 2019-2030, (USD Million)
• Supplemental Access Control- Market Size & Forecast 2019-2030, (USD Million)
• Biometric Authentication- Market Size & Forecast 2019-2030, (USD Million)

According to report, The biometric authentication segment holds a major share of the Global E-Passport Market and is anticipated to follow the same trend.

• By Component
• Electronic Chip- Market Size & Forecast 2019-2030, (USD Million)
• Antenna- Market Size & Forecast 2019-2030, (USD Million)
• Biometric Capture Devices- Market Size & Forecast 2019-2030, (USD Million)
• Others- Market Size & Forecast 2019-2030, (USD Million)
• By Application
• Traveling- Market Size & Forecast 2019-2030, (USD Million)
• Business Travel- Market Size & Forecast 2019-2030, (USD Million)
• Leisure Travel- Market Size & Forecast 2019-2030, (USD Million)
• Border Control and Immigration- Market Size & Forecast 2019-2030, (USD Million)
• Identity Proof- Market Size & Forecast 2019-2030, (USD Million)

Explore the Complete Global E-Passport Market Analysis Report –

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Geographical Analysis: Global E-Passport Market

• By Region
• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Global E-Passport Market Share & Competitive Landscape:

The E-Passport Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry's leading companies, highlighting their strengths, financial performance, and market influence.

Leading Companies in the Global E-Passport Market are:

• 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

Global E-Passport Market Industry Recent Developments

• In 2023: Infineon Technologies AG issued nearly five million next-generation electronic passports, incorporating (FSE: IFX / OTCQ: IFNNY) innovative coil-on-module (CoM CL) solution in Turkey. This cutting-edge technology, designed to meet the highest security standards, has resulted in an ultra-thin electronic data page that ensures exceptional durability and protection against forgery.

 Questions Addressed in this Study

1.What factors are driving the Global E-Passport Market growth?

2.How is the Global E-Passport Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Global E-Passport Market ?

4.What is the current size of the Global E-Passport Market, and how is it projected to change in the future?

6.What is the future outlook for the Global E-Passport Market in terms of technological advancements and market expansion?

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Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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