Global Electronic Passports Market, By Technology (Radio Frequency Identification (RFID), Biometrics), Security (Basic Access Control (BAC), Password Authenticated Connection Establishment (PACE), Supplemental Access Control (SAC), Extended Access Control (EAC)), Type (Ordinary E-passport, Service and Diplomatic E-Passport), Component (Software, Hardware, Services), Application (Business Travel, Leisure Travel), End-User (Adult, Child), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights Global Electronic Passports Market
The electronic passports market is expected to witness market growth at a rate of 23.20% in the forecast period of 2022 to 2029. Data Bridge Market Research report on electronic passports market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the healthcare sector globally is escalating the growth of electronic passports market.
An e-passport refers to an electronic chip that is generally printed on passport's page that contains different types of information such as date of birth, holder's name, and other character information. This technology tends to store passenger data on a smart chip possessing a unique identification number and digital signature.
The proliferation of high-speed internet across the globe acts as one of the major factors driving the growth of electronic passports market. The rise in advanced verification technology to detect identity frauds and increase in adoption of wireless communication techniques accelerate the market growth. The increase in adoption of biometric security coupled with less processing time, and presence of advanced airport infrastructure among developing nations further influence the market. Additionally, formation of accountable care organizations, rapid digitization, surge in disposable income and growing number of people travelling to cross border destinations positively affect the electronic passports market. Furthermore, increase in levels of investment for the development of advanced and technical products extend profitable opportunity to the market players in the forecast period of 2022 to 2029.
On the other hand, high implementation cost and easy availability of cost effective e-passport are expected to obstruct the market growth. The stringent regulations are projected to challenge the electronic passports market in the forecast period of 2022-2029.
This electronic passports market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on electronic passports market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Electronic Passports Market Scope and Market Size
The electronic passports market is segmented on the basis of technology, security, type, component, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of technology, the electronic passports market is segmented into radio frequency identification (RFID) and biometrics.
- On the basis of security, the electronic passports market has been segmented into basic access control (BAC), password authenticated connection establishment (PACE), supplemental access control (SAC) and extended access control (EAC).
- On the basis of type, the electronic passports market has been segmented into ordinary e-passport, service and diplomatic e-passport.
- On the basis of component, the electronic passports market has been segmented into software, hardware and services.
- On the basis of application, the electronic passports market has been segmented into business travel and leisure travel.
- On the basis of end-user, the electronic passports market is segmented into adult and child.
Electronic Passports Market Country Level Analysis
The electronic passports market is segmented on the basis of technology, security, type, component, application and end-user.
The countries covered in the electronic passports market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the electronic passports market because of the presence of advance airport infrastructure in the UK and Germany. Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increase in demand among developing nations in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The electronic passports market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for electronic passports market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the electronic passports market. The data is available for historic period 2010-2020.
Competitive Landscape and Electronic Passports Market Share Analysis
The electronic passports market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to electronic passports market.
Some of the major players operating in the electronic passports market report are Gemalto NV, Mühlbauer Group, Entrust Datacard Corporation, HID Global Corporation, Infineon Technologies AG, Safran, Eastcompeace Technology Co., Ltd, CardLogix Corporation., 4G Identity Solutions, Atlantic Zeiser GmbH, PrimeKey, MULTOS, and M2SYS Technology, among others.
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