E-passport Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

An e-passport is the digital form of the passport which holds the same information that is printed on the passport page such as the name of the holder, date of birth, and other information. Growing advanced verification processes to detect identity frauds and the need for enhanced security is driving the growth of the E-passport market. Moreover, E-passport provides faster verification and security checks at international borders and airports that result in saving time, cost, and reduce frauds, thus the rise in adoption of E-passport that propelling the growth of the E-passport market.

MARKET DYNAMICS

Technological advancement, increasing digitalization, presence of advanced airport infrastructure facilities and rise in the number of people traveling to cross-border are boosting the growth of the E-passport market. However, high costs associated with E-passport may hamper the growth of the market. Furthermore, E-passport more secure than traditional paper technology and it reduces the risk of data alteration and duplication, thus gaining popularity of E-passport across the globe which provides a lucrative opportunity for the market player of the E-passport market.

MARKET SCOPE

The "Global E-passport Market Analysis to 2031" is a specialized and in-depth study of the E-passport industry with a special focus on the global market trend analysis. The report aims to provide an overview E-passport market with detailed market segmentation as technology, application, and geography. The global E-passport market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading E-passport market players and offers key trends and opportunities in the E-passport market.

MARKET SEGMENTATION

The global E-passport market is segmented on the basis of technology, application. On the basis of technology the market is segmented as radio frequency identification (RFID), biometrics. On the basis of application the market is segmented as leisure travel, business travel.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global E-passport market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The E-passport market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting E-passport market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the E-passport market in these regions.

MARKET PLAYERS

The reports cover key developments in the E-passport market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from E-passport market are anticipated to lucrative growth opportunities in the future with the rising demand for E-passport in the global market. Below mentioned is the list of few companies engaged in the E-passport market.

The report also includes the profiles of key E-passport companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•  CardLogix Corporation
  
•  De La Rue plc
  
•  Eastcompeace Technology Co., Ltd
  
•  Entrust Datacard Corporation
  
•  HID Global Corporation
  
•  IDEMIA
  
•  Infineon Technologies AG
  
•  Mühlbauer Group
  
•  Safran Group
  
•  Thales Group
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

E-passport Report Scope