E-Passport Market is expected to grow USD 97,617 million by 2027

The global e-passport market size is expected to grow from USD 20,917 million in 2020 to USD 97,617 million by 2027, at a CAGR of 27.5% from 2021 to 2027.

The e-passport market has witnessed significant growth in recent years. With increased security concerns and advancements in technology, governments worldwide are adopting e-passports to enhance border control and streamline immigration processes. E-passports incorporate biometric data such as facial recognition and fingerprints, making them more secure and tamper-proof than traditional passports. The market is driven by rising international travel, the need for efficient identity verification, and the growing emphasis on border security. Furthermore, the COVID-19 pandemic has accelerated the demand for contactless solutions, leading to the integration of health-related data in e-passports. As a result, the e-passport market is poised for continued expansion and innovation in the coming years.

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E-Passport Market Dynamics

The e-passport market has experienced significant growth and transformation in recent years, driven by various dynamics and factors. Let's explore some of the key dynamics shaping the e-passport market:

1. Increasing Focus on Security: With the rising concerns over identity theft, fraud, and terrorism, governments worldwide have been emphasizing enhanced security features in passports. E-passports offer advanced security measures such as biometric data (facial recognition, fingerprints) and embedded microchips, making them more secure and difficult to forge compared to traditional passports.
2. Government Initiatives and Regulations: Many governments have introduced initiatives and regulations to promote e-passports. These measures often involve the implementation of international standards such as the International Civil Aviation Organization's (ICAO) Doc 9303, which sets guidelines for e-passport design and security features. Governments are also investing in the necessary infrastructure and systems to issue and authenticate e-passports.
3. Technological Advancements: Advancements in technologies like biometrics, RFID (Radio Frequency Identification), and secure document printing have played a vital role in the growth of the e-passport market. These technologies enable secure storage and retrieval of passport holder information, facilitate automated border control systems, and streamline the passport issuance process.
4. Enhanced Travel Experience: E-passports offer several benefits to travelers, including faster and more efficient immigration processes, reduced waiting times, and improved border security. Automated border control systems, such as e-gates and self-service kiosks, are increasingly being deployed at airports and other entry points, enhancing the overall travel experience for passport holders.
5. Global Travel and Tourism Industry: The growth of the global travel and tourism industry has been a driving force behind the increasing demand for e-passports. As more people travel internationally for business and leisure purposes, the need for secure and efficient border control processes becomes essential. E-passports enable seamless travel across borders, supporting the growth of the tourism sector.
6. International Cooperation and Interoperability: The standardization and interoperability of e-passports across countries have gained importance to facilitate global travel. Efforts are being made to establish mutual recognition agreements and ensure that e-passports issued by different countries can be read and authenticated by systems worldwide. Interoperability enhances security, improves data exchange, and enables efficient identity verification at international borders.
7. Emerging Economies and Digital Transformation: Developing countries are increasingly adopting e-passports as they strive to modernize their administrative processes and enhance border security. The digital transformation initiatives in emerging economies have led to increased investments in e-passport infrastructure and technology.

Overall, the e-passport market dynamics are driven by the need for enhanced security, government initiatives, technological advancements, improved travel experiences, the growth of the travel industry, international cooperation, and the digital transformation in emerging economies. These factors are expected to continue shaping the e-passport market in the coming years.

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Market Segmentation Analysis

The study categorizes the global E-Passport market based on equipment type, technology, type, installation method, distribution channel, application, and regions.

By Technology Outlook (Sales/Revenue, USD Million, 2017-2027)

• RFID
• Biometric

By Application Outlook (Sales/Revenue, USD Million, 2017-2027)

• Leisure Travel
• Business Travel

By Region Outlook (Sales, Production, USD Million, 2019-2033)

• North America (Mexico, Canada, US)
• South America (Peru, Brazil, Colombia, Argentina, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe)
• Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific)
• The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA)

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REGIONAL ANALYSIS, 2023

Based on the region, the global E-Passport market has been analyzed and segmented into five regions, namely, North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.

North America has been a prominent market for E-Passports due to high consumer spending on electronics and a strong demand for home entertainment systems. The United States, in particular, has a large market for E-Passports, driven by the popularity of streaming services and the desire for immersive audio experiences.

The Asia Pacific region, including countries like China, Japan, and South Korea, has witnessed substantial growth in the E-Passport market. Factors contributing to this growth include the rising disposable income, increasing urbanization, and the growing popularity of home theater systems among consumers in the region.

Major Key Players in the E-Passport Market

The global E-Passport market is fragmented into a few major players and other local, small, and mid-sized manufacturers/providers, they are -

Major players in the global market of e-passport are 3M, 4G Identity Solutions, LLC, Eastcompeace Technology Co., Ltd., Entrust Corporation, CardLogix Corporation, HID Global Corporation, Muhlbauer Group, Safran, Thales Group, and Infineon Technologies AG. These players have adopted several strategies to increase their market strength and penetrate their foothold in the e-passport market.

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(Note: The list of the key market players can be updated with the latest market scenario and trends)

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